RERA EXAM 2023/24 UPDATE WITH 140+ CORRECTLY
ANSWERED QUESTIONS |100% VERIFIED|
Highest Burj Khalifa ANSWER: ✔- 829,8 (2722 ft)
Business Bay number of buldings ANSWER: ✔- 240 (completed 2008)
Palm Jumeirah ANSWER: ✔- 3 Palms 520 km by Nakheel
Al Maktoum International Airport ANSWER: ✔- Projected anual capacity
160 Million passanger
The World Island ANSWER: ✔- by Nakheel
Dubai Land Department (DLD) ANSWER: ✔- The main objective of DLD is
to organize and documents all real estate transaction for and behalf Dubai
Goverment. established 24.01.1960
,RERA ANSWER: ✔- Real Estate Regulatory Agency. Rera regulates the real
estate investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA ANSWER: ✔- RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers' trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
-Regulating and supervising the owners associations.
Regulation #3 of 2006 ANSWER: ✔- In 2001 Dubai Goverment agreed to
allow expats to have 99-year lease of particular property. In 2002 Sheikh
Mohammed bin Rashid Al Maktoum, issued a decree allowing foreigners to
buy property on freehold ownership.
Freehold ANSWER: ✔- You own property and land Forever.
,Leasehold ANSWER: ✔- You own property but not land
Tarakheesi ANSWER: ✔- Tarakheesi is web application meant for Real
Estate Offices for managing Real Estate Broker operation.
-Issuing broker card
-Updating broker card
Cancelling broker card.
Blue Broker Card ANSWER: ✔- Blue card issued under the DED licenses
and brokers are allowed to work in Dubai.
Allows brokers to sell/lease in Dubai + FZ + Sell for developers but not time
share.
Green Broker Card ANSWER: ✔- Can only sell developers project.
Red Broker Card ANSWER: ✔- only time share properties; sell one unit to
more than one person.
, Yellow Broker Card ANSWER: ✔- only FZ properties
Return on investment (ROI) ANSWER: ✔- It measures the gain or loss
generated on an investment relative to the amount of money invested.
ROI is usually expressed as a percentage and is typically used for personal
financial decisions, to compare a company's profitability or to compare the
efficiency of different investments.
ROI (Net profit/Cost of investment)x100
What's is a listing? ANSWER: ✔- A listing is a contract between an owner
and broker.
What is the different between type of listings? ANSWER: ✔- -Exclusive
-Open listing
What is multiple listing? ANSWER: ✔- MLS is an arrangement among a
group of agents whereby they agree to share information and split
commission.
ANSWERED QUESTIONS |100% VERIFIED|
Highest Burj Khalifa ANSWER: ✔- 829,8 (2722 ft)
Business Bay number of buldings ANSWER: ✔- 240 (completed 2008)
Palm Jumeirah ANSWER: ✔- 3 Palms 520 km by Nakheel
Al Maktoum International Airport ANSWER: ✔- Projected anual capacity
160 Million passanger
The World Island ANSWER: ✔- by Nakheel
Dubai Land Department (DLD) ANSWER: ✔- The main objective of DLD is
to organize and documents all real estate transaction for and behalf Dubai
Goverment. established 24.01.1960
,RERA ANSWER: ✔- Real Estate Regulatory Agency. Rera regulates the real
estate investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA ANSWER: ✔- RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers' trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
-Regulating and supervising the owners associations.
Regulation #3 of 2006 ANSWER: ✔- In 2001 Dubai Goverment agreed to
allow expats to have 99-year lease of particular property. In 2002 Sheikh
Mohammed bin Rashid Al Maktoum, issued a decree allowing foreigners to
buy property on freehold ownership.
Freehold ANSWER: ✔- You own property and land Forever.
,Leasehold ANSWER: ✔- You own property but not land
Tarakheesi ANSWER: ✔- Tarakheesi is web application meant for Real
Estate Offices for managing Real Estate Broker operation.
-Issuing broker card
-Updating broker card
Cancelling broker card.
Blue Broker Card ANSWER: ✔- Blue card issued under the DED licenses
and brokers are allowed to work in Dubai.
Allows brokers to sell/lease in Dubai + FZ + Sell for developers but not time
share.
Green Broker Card ANSWER: ✔- Can only sell developers project.
Red Broker Card ANSWER: ✔- only time share properties; sell one unit to
more than one person.
, Yellow Broker Card ANSWER: ✔- only FZ properties
Return on investment (ROI) ANSWER: ✔- It measures the gain or loss
generated on an investment relative to the amount of money invested.
ROI is usually expressed as a percentage and is typically used for personal
financial decisions, to compare a company's profitability or to compare the
efficiency of different investments.
ROI (Net profit/Cost of investment)x100
What's is a listing? ANSWER: ✔- A listing is a contract between an owner
and broker.
What is the different between type of listings? ANSWER: ✔- -Exclusive
-Open listing
What is multiple listing? ANSWER: ✔- MLS is an arrangement among a
group of agents whereby they agree to share information and split
commission.
