Monday , November 19 2018

DLD, TRA sign deal to regulate real estate ads

DUBAI / WAM

The Dubai Land Department (DLD) and the Telecommunications Regulatory Authority (TRA) signed a mem- orandum of understanding (MoU) during the Gitex Technology Week.
The agreement aims to regulate real estate advertisements by setting an operational framework in the control departments, thus reducing misleading real estate advertisements.
Hamad Obaid Al Mansoori, Director-General of the TRA, said, “The Authority greatly values the efforts of the DLD and its role in serving the national economy through the efficient management of the real estate sector, which is a vital segment of the national economy.”
“We also appreciate the department’s other activities in the development of laws and regulations relating to real estate advertisements on the internet and its work to preserve the interests of all involved parties.”

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