Those in the process of buying property in Dubai will now be able to check the progress of the development online with a new tool from the Real Estate Regulatory Agency (RERA).
People who have invested in Dubai for property for sale will now be able to go on to the RERA website and access a monthly update on every project currently in progress in the emirate, the organisation has announced.
Marwan bin Ghalita, chief executive officer of the regulator, said that the service will be made available from next week onwards.
"Starting from next week, for any Rera-approved project, there will be an independent progress monitoring report, which investors can access online," he confirmed on Thursday(February 26th).
In addition to licensing all real estate activities in Dubai, RERA also holds responsibility for the management of all developers' trust accounts, which is where monies from off-plan buyers of Dubai property for sale are deposited.