Executive Council Resolution No. (25)
of 2009
Approving the
Fees
and Fines of the Real Estate Regulatory Agency[1]
ــــــــــــــــــــــــــــــــــــــــــــــ
We, Hamdan bin Mohammed bin Rashid Al
Maktoum, Crown Prince of Dubai, Chairman of the Executive Council,
After perusal of:
Law No. (3) of 2003 Establishing the Executive Council of the
Emirate of Dubai;
Law No. (18) of 2006 Concerning Management and Realisation of the Public
Funds of the Government of Dubai;
Law No. (8) of 2007 Concerning Escrow Accounts for Real Estate
Development in the Emirate of Dubai;
Law No. (16) of 2007 Establishing the Real Estate Regulatory
Agency;
Law No. (26) of 2007 Regulating the Relationship Between Landlords
and Tenants in the Emirate of Dubai and its amendments;
Law No. (13) of 2008 Regulating the Interim Real Property Register
in the Emirate of Dubai and its amendments;
Law No. (14) of 2009 Concerning the Pricing of Government Services
in the Emirate of Dubai; and
Bylaw No. (85) of 2006 Regulating the Real Estate Brokers Register
in the Emirate of Dubai,
Do hereby issue this Resolution.
Pursuant to this Resolution, the fees
for services rendered by the Real Estate Regulatory Agency stipulated in Schedule
(1) attached hereto are hereby approved.
1.
Without prejudice to any stricter
penalty prescribed in any other legislation, the fines set out in Schedule (2)
attached to this Resolution are hereby approved.
2.
Upon repetition of the same violation
within one (1) year from the date of the previous violation, the amount of the
fine will be doubled, provided that the fine does not exceed one million
Dirhams (AED 1,000,000.00).
Employees of the Land Department and the Real
Estate Regulatory Agency nominated pursuant to a resolution issued by the Director
General of the Land Department will have the capacity of law enforcement officers
to record any of the acts listed in Schedule (2) attached hereto. They may, in
this capacity, issue the relevant violation reports.
The fees and fines collected under this Resolution will be paid to
the Public Treasury of the Government of Dubai.
Any provision in any other resolution will be repealed to the
extent that it contradicts this Resolution.
This Resolution will be published in the Official Gazette and will
come into force on the day on which it is published.
Hamdan bin Mohammed bin Rashid Al
Maktoum
Crown Prince of
Dubai
Chairman of the
Executive Council
Issued in Dubai on 31 December 2009
Corresponding to 14 Muharram 1431 A.H.
Schedule
(1)
Real
Estate Regulatory Agency Service Fees
|
SN |
Description |
Fee (in Dirhams) |
|
1 |
Licensing a real estate Developer |
25,000.00 |
|
2 |
Licensing a one-time one-project real estate Developer |
100,000.00 |
|
3 |
Approving a new real estate project |
150,000.00 |
|
4 |
Approving an existing real estate project |
50,000.00 |
|
5 |
Registering an Escrow Agent in the register of Escrow Agents |
75,000.00 |
|
6 |
Registering a real estate financial auditor |
50,000.00 |
|
7 |
Registering a real estate technical auditor |
50,000.00 |
|
8 |
Issuing or renewal of a real estate Broker licence |
5,000.00 |
|
9 |
Issuing or renewal of a real estate Broker card |
500.00 |
|
10 |
Licensing a residential timeshare Units lease Broker |
25,000.00 |
|
11 |
Licensing real estate sale and purchase brokerage activity |
5,000.00 |
|
12 |
Licensing real estate leasing brokerage activity |
5,000.00 |
|
13 |
Licensing residential timeshare Units leasing services |
25,000.00 |
|
14 |
Licensing third party's Real Property lease and management activitiy
|
15,000.00 |
|
15 |
Licensing Real Property valuation services activity |
10,000.00 |
|
16 |
Licensing Real Property purchase and sale activity |
5,000.00 |
|
17 |
Licensing Real Property inspection and examination activity |
5,000.00 |
|
18 |
Licensing self-owned Real Property lease and management activity |
5,000.00 |
|
19 |
Licensing a real estate representative office |
5,000.00 |
|
20 |
Licensing real estate consultancy activity |
5,000.00 |
|
21 |
Licensing real estate mortgage consultancy activity |
5,000.00 |
|
22 |
Licensing Real Property public auction organising activity |
5,000.00 |
|
23 |
Licensing real estate training activity |
5,000.00 |
|
24 |
Licensing a real estate promotion booth |
AED 1,000.00 per month |
|
25 |
Licensing real estate exhibition organising activity |
10,000.00 |
|
26 |
Participating in a real estate exhibition within the Emirate |
1,000.00 |
|
27 |
Licensing a real estate project launching event |
5,000.00 |
|
28 |
Licensing a real estate promotional campaign |
AED 1,000.00 per campaign |
|
29 |
Registering a Lease Contract |
100.00 |
|
30 |
Rent assessment certificate |
AED 2,000.00 for each Unit with a
maximum fee of AED 10,000.00 |
|
31 |
Issuing a technical report on a project |
15,000.00 |
Schedule (2)
Violations and Fines
|
SN |
Violation |
Fine (in Dirhams) |
|
1 |
Conducting Real Estate Development activity in the Emirate
without a licence from the RERA |
500,000.00 |
|
2 |
Submitting false documents or information for obtaining a licence
to conduct Real Estate Development activity |
100,000.00 |
|
3 |
Offering Units in fraudulent real estate projects for sale |
100,000.00 |
|
4 |
Embezzling or misappropriating cash payments for constructing
real estate projects |
100,000.00 |
|
5 |
Submitting, by the auditor, a false report on the financial
position of the Developer or concealing material facts |
100,000.00 |
|
6 |
Failure to open an Escrow Account for Real Estate Development |
500,000.00 |
|
7 |
Failure to deposit the received amounts in the Escrow Account |
500,000.00 |
|
8 |
Failure by the Developer to commence construction works within
six (6) months from the approval of the RERA to commence the same |
500,000.00 |
|
9 |
Failure by the Developer to comply with this Resolution within
the grace period granted to him by the RERA |
100,000,00 |
|
10 |
Withdrawing from or depositing to the Escrow Account by the Escrow
Agent without the approval of the RERA |
100,000.00 |
|
11 |
Failure by the Escrow Agent to comply with the conditions of disbursement
from the Escrow Account |
100,000.00 |
|
12 |
Failure by the Escrow Agent to provide the RERA with the
required statements or information |
100,000.00 |
|
13 |
Imposing any charges by the Developer on the buyers without the
approval of the RERA |
100,000.00 |
|
14 |
Cancelling any real estate project by the Developer without the
approval of the RERA |
100,000.00 |
|
15 |
Failure to translate a Real Property Unit sale or reservation
contract |
100,000.00 |
|
16 |
Conducting the real estate brokerage activity in the Emirate
without a licence from the RERA |
50,000.00 |
|
17 |
Failure by the Broker to provide the RERA with the required
information and data |
50,000.00 |
|
18 |
Conducting real estate brokerage activity for a real estate project
that is not registered with the RERA |
50,000.00 |
|
19 |
Conducting any real estate
activity without a licence from the RERA |
50,000.00 |
|
20 |
Breaching the terms of the licence issued by the RERA |
50,000.00 |
© 2015 The Supreme Legislation
Committee in the Emirate of Dubai
[1]Every effort has been made to produce an accurate and
complete English version of this legislation. However, for the purpose of its
interpretation and application, reference must be made to the original Arabic
text. In case of conflict the Arabic text will prevail.