Dubai watchdog launches property monthly

Rera looks to address investor concerns over lack of transparency in market, CEO says.
Dubai watchdog launches property monthly
By Dylan Bowman
Sun 25 May 2008 04:02 PM

Dubai's real estate watchdog on Sunday launched its own magazine in an effort to address investor concerns over a lack of transparency in the market.

The Real Estate Regulatory Agency (Rera) said monthly title 'Dubai Real Times' would make information about the emirate's property market more easily and widely available.

"We want to encourage complete transparency in the property sector so that no one is in doubt about anything relating to property," Rera CEO Marwan bin Ghalita said in a statement.

"Miscommunication and lack of transparency are a major concern among property investors and other segments of the industry and our endeavour is to clear these confusions and help introduce proper understanding through the magazine."

Rera said Dubai Real Times would include market studies, trend analyses, commentaries and expert opinions, as well as regular updates on laws, rules and regulations.

Dubai Real Times is an extension of the Dubai Real Estate Community portal, which is part of the Rera's website, the agency said.

Dubai-based Sterling Publications has been awarded the contract to produce the magazine. Sterling already publishes Dubai Freehold Property Guide for the Dubai Land Department. Sterling also publishes current affairs title UAE Digest and Banking & Business Review.

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