Law No. (13)
of 2012
Establishing
the
Dubai Real
Estate Institute[1]
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We, Mohammed bin Rashid Al Maktoum, Ruler
of Dubai,
After perusal of:
Law No. (3) of 2003 Establishing the Executive Council of the
Emirate of Dubai;
Law No. (27) of 2006 Concerning Management of the Government of
Dubai Human Resources and its amendments; and
Law No. (8) of 2010 Concerning the Financial Audit Department and its
amendments,
Do hereby issue this Law.
This Law will be
cited as “Law No. (13) of 2012 Establishing the Dubai Real Estate Institute”.
The following
words and expressions, wherever mentioned in this Law, will have the meaning
indicated opposite each of them unless the context implies otherwise:
|
Emirate: |
The Emirate of Dubai. |
|
Executive Council: |
The Executive Council
of the Emirate of Dubai. |
|
Department: |
The Land Department. |
|
Director General: |
The director general of
the Department. |
|
DREI: |
The Dubai Real Estate
Institute. |
|
Advisory Board: |
The advisory board of the
DREI. |
|
Managing Director: |
The managing director
of the DREI. |
Pursuant to this Law, a public corporation named
the “Dubai Real Estate Institute” is hereby established. The DREI will be
affiliated to the Department, and will have legal personality and the legal
capacity required to undertake all acts and dispositions that ensure the achievement
of its objectives.
The head office of the DREI will be located in
the Emirate. The DREI may establish branches and offices within and outside of the
Emirate.
The DREI will have the following objectives:
1. to contribute to developing the real property sector in the
Emirate, and to establish the Emirate as an outstanding centre for real
property development;
2. to develop the skills of persons working in the real property
sector with a view to contributing to the achievement of sustainable
development; and
3.
to raise the awareness of all real
property investors, owners, and tenants of real property issues.
For the purpose of achieving its objectives, the DREI
will have the duties and powers to:
1. encourage UAE nationals to increase their contribution to various
real property activities, and to qualify UAE nationals and develop their skills
in this regard;
2. prepare and implement various real property training programmes to
qualify real property developers, brokers, and other persons engaged in the real
property market locally, regionally, or internationally, in accordance with the
best international standards and practices in this regard;
3. organise real property seminars, workshops, and conferences aimed
at discussing real property market issues, and proposing appropriate strategies
and solutions for such issues;
4. organise educational courses for owners, tenants, and investors
with a view to raising their awareness of issues related to their rights and
duties;
5. issue qualification certificates to real property service
providers;
6. provide specialised consultation on developing competent real
property cadres;
7. form real property groups comprised of real property experts in various
areas to offer opinion and advice on the issues referred to the DREI;
8. publish newsletters specialised in real property studies and
research, discuss the real property sector issues, and propose solutions for
such issues;
9. conduct real property research and studies, and provide decision-makers
with the outcome and recommendations of such research and studies to benefit
from the same in setting and implementing policies and programmes related to
the real property sector;
10. cooperate with local and international universities and institutes
to enhance real property-related knowledge, and to encourage communication and
cooperation between such universities and institutes;
11. participate in local, regional, and international real property
conferences, and to obtain membership in regional and international
professional real property associations and organisations;
12. propose policies, regulations, and incentives that support the implementation
of the programmes and initiatives required for developing a culture of
excellence in the real property industry; and
13. perform any other duties which achieve the objectives of the DREI.
a. The DREI will have an Advisory Board comprised of the Director
General, as chairman, and at least six (6) experienced and specialised members
who will be appointed pursuant to a resolution of the Chairman of the Executive
Council for a renewable period of three (3) years.
b. At its first meeting, the Advisory Board will elect, from amongst
its members, a vice chairman, who will act as the chairman in his absence.
The Advisory Board will undertake the supervision
of the technical affairs of the DREI. For this purpose, the Advisory Board may:
1. approve the general training policy of the DREI, and the strategic
plans required for implementing this policy;
2. approve the bylaws regulating the technical aspects of the work of
the DREI, which are submitted by the Managing Director;
3. approve the bylaws regulating training programmes organised by the
DREI;
4. approve the annual plan of the DREI regarding curricula,
programmes, training courses, workshops, and seminars;
5. form sub-committees and work teams from amongst the Advisory Board
members or other persons, and determine the duties of these sub-committees and
work teams; and
6.
perform any other duties that are required
to deliver training in the DREI and are relevant to the objectives of the DREI.
a. The Advisory Board will convene at the invitation of its chairman
at least once every three (3) months or where necessary. Advisory Board
meetings will be valid if attended by the majority of its members provided that
its chairman or vice chairman is in attendance. Resolutions and recommendations
of the Advisory Board will be passed by majority vote of attending members, and
in the event of a tie, the chair of the meeting will have a casting vote.
b. Resolutions of the Advisory Board will be recorded in minutes of
meetings signed by the chair of the meeting and attending members.
c. The Advisory Board may, as it deems appropriate, invite experts
and specialists to attend its meetings, but they will have no vote.
A Managing Director will be appointed to the DREI
pursuant to a resolution of the Chairman of the Executive Council. The Managing
Director will undertake the management of the DREI and organisation of its
affairs. For these purposes, the Managing Director may:
1. set the general training policy and strategic plans of the DREI,
and submit the same to the Advisory Board for approval;
2. propose bylaws to regulate the financial and administrative aspects
of the work of the DREI, and submit the same to the Director General for
approval;
3. propose bylaws regulating training programmes organised by the DREI,
and submit the same to the Advisory Board for approval;
4. propose the annual plan of the DREI regarding the curricula,
programmes, training courses, workshops, and seminars of DREI, and submit the same
to the Advisory Board for approval;
5. conclude contracts and agreements on behalf of the DREI;
6. prepare an annual report on the activities and achievements of the
DREI in view of the adopted annual goals and plans, and submit the same to the
Advisory Board at the end of each training year;
7. propose the fees and charges for training programmes and courses,
and submit the same to the Director General for approval; and
8. perform any other duties related to the nature of work of the DREI,
whether assigned by the Advisory Board or by the Director General.
The financial resources of the DREI will consist
of:
1. funds allocated to the DREI in the budget of the Department;
2. fees and charges for training programs and courses organised by
the DREI; and
3. any other financial resources that are in line with the objectives
of the DREI and are approved by the Director General.
a. In regulating its accounts and records, the DREI will apply the government
accounting rules and principles.
b. The financial year of the DREI will commence on 1 January and will
end on 31 December of each year, except that the first financial year will
commence on the date this Law comes into force and will end on 31 December of
the following year.
The
accounts of the DREI will be subject to audit and review by the Financial Audit
Department.
Law No.
(27) of 2006 Concerning Management of the Government of Dubai Human Resources
and its amendments will apply to the Employees of the DREI.
The Director General will issue the bylaws and
resolutions required for the implementation of the provisions of this Law.
Any provision in any other legislation will be
repealed to the extent that it contradicts the provisions of this Law.
This Law will be published in the Official
Gazette and will come into force on the day on which it is published.
Mohammed bin Rashid Al Maktoum
Ruler of Dubai
Issued in Dubai on 30
December 2012
Corresponding to 17
Safar 1434 A.H.
©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.