Company fined AED 50,000 for violating Dubai's real estate advertising laws

Authorities in Dubai have warned of tough action against companies and brokers violating real estate advertising laws.

The reminder comes after a property firm was fined AED 50,000 for promoting projects not registered under its name.

The Real Estate Regulatory Agency (RERA) took action after the company launched a marketing campaign without obtaining the necessary permits.

It was also pulled up for issuing investment contracts to customers and receiving amounts outside the escrow account.

RERA imposed the fine, with a warning to double the amount if the company fails to rectify the violation, suspend its licence, close its office, and transfer the case to the public prosecution.