RERA Property Transactions and Documentation 2

Question 1

What anti-money laundering obligations apply to RERA-licensed brokers?

Accepted Answer

Customer due diligence, suspicious transaction reporting, record keeping, and compliance with UAE AML/CFT regulations for real estate transactions

Answer

No AML obligations for brokers

Answer

Only banks handle AML

Answer

AML only applies to cash transactions above AED 1 million

Question 2

What tenant rights are established by Dubai Rental Law No. 26 of 2007?

Accepted Answer

Right to quiet enjoyment, protection from arbitrary eviction (12-month notice required), rent increase caps based on RERA index, and security deposit protection

Answer

Tenants have no legal rights

Answer

Only the right to live in the property

Answer

Tenant rights depend on the landlord's preference

Question 3

What are the grounds for eviction of a tenant in Dubai?

Accepted Answer

Non-payment of rent, subletting without consent, illegal use of property, owner's personal use (with conditions), demolition or major renovation, all requiring proper notice

Answer

Any reason given by the landlord

Answer

Only non-payment of rent

Answer

Eviction is not possible in Dubai

Question 4

What is the Oqood system used by the Dubai Land Department?

Accepted Answer

An interim registration system for off-plan property sales that registers the buyer's interest before the project is completed and title deed can be issued

Answer

A property marketing platform

Answer

A maintenance management system

Answer

A tenant registration system

Question 5

What are the key clauses a RERA broker should review in a tenancy contract?

Accepted Answer

Rent amount, payment terms, contract duration, renewal terms, maintenance responsibilities, security deposit, permitted use, and termination conditions

Answer

Only the rent amount

Answer

Only the tenant's name and rent

Answer

Contract clauses are standard and do not need review

Question 6

What is the power of attorney (POA) requirement in Dubai property transactions?

Accepted Answer

A notarized POA is required when a party cannot be physically present for the transaction, with specific requirements for property-related POAs

Answer

POA is not used in Dubai real estate

Answer

Any written authorization is sufficient

Answer

POA is only for government employees