To: Real Estate Brokerage Firms
Subject: Marketing and promoting overseas properties
RERA would like to thank you for your continued cooperation.
With regard to the above subject, and as part of our efforts to regulate the marketing and promotion of overseas properties as well as to protect the rights of buyers and investors, we would like to inform you that the real estate brokerage offices is limited to marketing, promotion and brokerage in the sale of properties registered in Dubai; this activity does not authorise a broker to market or promote properties located outside the UAE.
As such, activities are limited to offices that have the Real Estate representative office' activity and own the property that they want to market and promote in Dubai, bearing in mind that the activity of the representative office is limited to marketing, promotion and providing data only to those wishing to purchase these properties after receiving the permits from RERA.
The activity also does not authorise them to conclude sales agreements or receive any sums of a property's value.
A buyer must also be informed of the n...