What is a Firm in the real property sector?

A Firm is a company or sole proprietorship authorized by RERA to practice the real property valuation profession. No private legal person may provide valuation services in the Emirate without this specific authorization. To be authorized, a Firm mus…

The full explanation

A Firm is a company or sole proprietorship authorized by RERA to practice the real property valuation profession. No private legal person may provide valuation services in the Emirate without this specific authorization. To be authorized, a Firm must be owned by a UAE national and employ registered Valuers to manage its operations. Authorized firms are registered in a database maintained by RERA, which includes details like their address and employed staff. These firms must conclude written agreements with clients before performing any valuation assignments.

This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.

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