Regulatory Alerts2024-05-23
Off-Plan and Real Property Professionals Regulations 2024
The Board of Directors of the Abu Dhabi Global Market enacted regulations to govern association managers, brokers, surveyors, engineering auditors, valuers, property managers, and property inspectors within the jurisdiction. The framework establishes mandatory registers for these professionals, detailing specific registration criteria, application procedures, and ongoing compliance obligations such as maintaining professional indemnity insurance. It further defines the scope of licensed services, imposes strict conduct standards for brokers and other professionals, and outlines the Registrar's powers to enforce sanctions for contraventions.
Share