RERA was founded on 31 July 2007 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai.
To set policies and plans in the real estate sector in Dubai in order to increase foreign investments.
The agency has its own financial and administrative independence with full legal authority to regulate the real estate sector in Dubai.
RERA also informs people on regulatory acts when buying and renting the real estate in Dubai.
The land given cannot be either bought nor sold until the written direction of His Highness Sheikh Mohammed Bin Rashed Al Maktoum is received.