Dubai Land Department enforces new permit rule for overseas property sales
Dubai’s Real Estate Regulatory Authority now requires brokers to obtain explicit permits before marketing overseas properties in the emirate. The updated regulation mandates that agents submit the title deed, a broker-owner agreement, legal certification from consular authorities, and authenticated documentation translated into Arabic. This aims to protect residents from fraudulent listings and ensure transparency
Strengthening investor protection with stricter oversight
With these stricter measures, Dubai is clamping down on misleading adverts and speculative offers abroad, limiting the risk exposure for local investors. Licensing head Ali Abdullah Al Ali emphasizes that the rules encourage brokers to uphold legal standards and discourage promotion of dubious foreign assets. Experts believe better regulation increases market maturity and fosters greater investor confidence in cross-border real estate ventures
