The organisation warned some weeks ago that it would take action against those who did not conform to the new rules and now it is again warning that it will not hesitate to act against those who fail to do so.
'Rera has encouraged all brokers to formally register with the agency and those who have not registered should do so as soon as possible,' said Rera Brokers Licensing Department Director Yousif Al Hashimi.
RERA took action after is found that property broker Sulehri Real Estate was advertising in newspapers for leasing units in Discovery Gardens and International City but although being registered with the Dubai Department of Economic Development was not registered with RERA.
'Sulehri is not a registered broker. We have requested the DED to inform Sulehri to attend our offices and register within a specified notice period. In the interim and at the Land Department's request, Sulehri's trade licence has been suspended until further notice,' Hashimi explained.
Rera is also reminding buyers and sellers or anyone looking for leasing property needs to use the services of only Rera-registered brokers. They can check the broker's Rera accreditation at the agency's website before dealing with them.
According to by-law No (85) of 2006 regarding the regulation of the real estate brokers' register in Dubai, a regulated broker is required to apply for registration in the brokers register maintained by the Dubai Land Department in addition to the requirement to obtain and maintain a trade licence from the Dubai Department of Economic Development.
As of July 7, 2009, the number of brokerage companies registered was 2,087 but the number of brokers is estimated at 7,761.
