Abu Dhabi Cracks Down on Real Estate Violations: 50 Fines Issued, 7 Licences Suspended

Abu Dhabi Cracks Down on Real Estate Violations, Abu Dhabi’s real estate sector faces scrutiny as authorities issue fines and suspend licenses to uphold regulations. Abu Dhabi authorities handed out 50 fines to real estate agents for breaching regulations in the first quarter of this year. Violations include unregistered project marketing and professional conduct failures.

Seven brokerage licenses were suspended, and a firm was fined Dh30,000 for non-compliance with professional conduct standards. Abu Dhabi Real Estate Centre (ADREC) emphasizes adherence to regulations to maintain high industry standards.

Abu Dhabi’s actions mirror Dubai’s efforts to regulate the real estate sector. Dubai’s Real Estate Regulatory Agency (RERA) imposed fines on companies for non-compliant advertisements. RERA established terms and conditions to govern advertisements, imposing fines on companies that failed to comply.

Conclusion

Abu Dhabi’s crackdown on real estate violations underscores the commitment to uphold regulations and ensure transparency in the sector. By imposing fines and suspending licenses, authorities aim to maintain integrity and professionalism in Abu Dhabi’s real estate market.

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