For a developer to receive official approval for a new Real Property project, RERA charges a fee of AED 150,000. If the developer is seeking approval for an existing project, the fee is reduced to AED 50,000. These project approval fees are essentia…
For a developer to receive official approval for a new Real Property project, RERA charges a fee of AED 150,000. If the developer is seeking approval for an existing project, the fee is reduced to AED 50,000. These project approval fees are essential for RERA to conduct the necessary technical and financial due diligence, including the verification of building plans and the oversight of the project�s escrow account.
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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