In Abu Dhabi, several real estate agents faced penalties for breaching regulations, signaling a crackdown on non-compliance within the sector. The Abu Dhabi Real Estate Centre (ADREC) disclosed that during the first quarter of the year, a total of 50 fines were issued against brokers for various violations of real estate rules and regulations. Among the infractions cited were unregistered project marketing and failure to uphold professional standards. As a consequence of their actions, seven real estate brokers saw their licenses suspended, and their brokerage office was fined Dh30,000 for failing to adhere to prescribed professional conduct guidelines.
ADREC's enforcement actions underscore its commitment to upholding lawful practices and maintaining the highest standards in Abu Dhabi's real estate sector. The authority's efforts are aimed at ensuring transparency and integrity within the industry, safeguarding the interests of both consumers and stakeholders. By penalizing errant brokers and suspending licenses, ADREC sends a clear message that adherence to regulations is non-negotiable and that violators will face consequences for their actions.
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
The move by ADREC mirrors similar regulatory measures taken in Dubai, where the Real Estate Regulatory Agency (RERA) has been vigilant in enforcing compliance with advertising regulations within the property sector. In February, RERA, the regulatory arm of the Dubai Land Department (DLD), introduced stringent terms and conditions governing real estate advertisements to curb negative practices and promote transparency. Notably, 30 real estate companies in Dubai were fined Dh50,000 each for failing to comply with the specified terms and conditions in their advertisements.
These regulatory interventions reflect the authorities' proactive stance in ensuring the integrity and credibility of the real estate market in the UAE. By imposing penalties on violators and enhancing oversight mechanisms, regulatory bodies aim to foster trust and confidence among investors, tenants, and other stakeholders. The stringent enforcement of regulations not only serves to deter unlawful practices but also contributes to the overall stability and sustainability of the real estate sector, which plays a crucial role in the UAE's economic development.
#trending #latest #AbuDhabiRealEstate #RegulatoryCompliance #RealEstatePenalties #UAEPropertyMarket #TransparencyInRealEstate #ADREC #RERA #RealEstateRegulations #PropertySector #EnforcementActions #breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn
At 24H Dubai 2025, Ajith Kumar shared plans to focus more on racing and take fewer film projects....Read More.
FIA certification guarantees top global karting standards, making the track a premier venue for international events. It supports Abu Dhabi’s motorsport growth,...Read More.
Ajith Kumar to sign films only in non-racing season: 'I know what to do'
At 24H Dubai 2025, Ajith Kumar shared plans to focus more on racing and take fewer film projects.
Monfils Makes History as Oldest Player to Win ATP Title in Auckland
Gael Monfils defeated Zizou Bergs 6-3, 6-4 in the Auckland Classic final, becoming the oldest player
2nd Edition of Khaled bin Mohamed bin Zayed Jiu-Jitsu Championship to Start 17 Jan 2025
Clubs and academies were encouraged to bring their top athletes to earn points, win medals, cash pri
Everton Wins FA Cup Match Against Peterborough After Dyche's Sacking
Everton begins new era with a 2-0 FA Cup win over Peterborough, following Dyche's sacking, with goal
Dubai private schools see 6% enrolment growth in 2024-25 academic year
Dubai's private schools see 6% enrolment growth, totaling 387,441 students in 2024-25
Ajith Kumar to sign films only in non-racing season: 'I know what to do'
At 24H Dubai 2025, Ajith Kumar shared plans to focus more on racing and take fewer film projects.
Al Forsan Sports Resort Opens New Karting Academy in Abu Dhabi
FIA certification guarantees top global karting standards, making the track a premier venue for international events. It supports Abu Dhabi’s motorsport growth,
David Moyes makes a comeback as Everton manager after years away
Everton announced on Saturday that David Moyes has returned for a second stint as their manager.
Bold and Sustainable Fashion Trends for Women in 2025
Essential Fashion Trends Every Woman Should Know for 2025
Egypt, Mozambique FMs discuss strengthening bilateral ties
In their phone conversation, Abdelatty congratulated Daniel Chapo on his election as Mozambique's president, expressing Egypt's hopes for stability, prosperity,
Jeju Air's 'Black Box' Missing Data From Final 4 Minutes Before Crash
The Jeju Air jet's flight data and cockpit voice recorders stopped about four minutes before the crash at Muan airport in South Korea on December 29, the transp
Monfils Makes History as Oldest Player to Win ATP Title in Auckland
Gael Monfils defeated Zizou Bergs 6-3, 6-4 in the Auckland Classic final, becoming the oldest player to win an ATP Tour title ahead of the Australian Open.
Hollywood Celebrities Clear Closets to Support Fire Relief Efforts
After wildfires hit Los Angeles this week, real estate agent Jenna Cooper began gathering clothes and other items to support those in need.
Top 7 Books Every Woman Should Read in 2025 for a Better Life
Books Every Woman Should Read in 2025 for Personal Growth
Brazil Gives Meta 72-Hour Deadline Over Content Fact-Checking Practices
Brazil's Attorney General gives Meta 72 hours to explain halting its data verification program.
3001E, 30 Floor, Aspin Commercial Tower, Sheikh Zayed Road, Dubai, UAE
+971 52 602 2429
info@dxbnewsnetwork.com
© DNN. All Rights Reserved.
