Masterkey has been working diligently to gather the facts about RERA’s new initiative, Ejari. We now know the ins and outs of how Ejari will work, why it’s being done and the process that are being established. We’ve actually taken it a step further and worked to streamline this process for our clients. RERA + Masterkey = your life made easy.

The Dubai Real Estate Regulatory Authority (RERA) has made it mandatory for tenants and landlords to register tenancy contracts online from January 1, 2009, to assist with the development of a comprehensive rental index to better evaluate and regulate the market. As part of this initiative, RERA requires every landlord and property management company to generate tenancy contracts through its new online portal called Ejari. ERES, the technology arm of RERA, has been charged with developing the Online Tenancy Registration website. Every new tenancy contract will be generated through Ejari to ensure that accurate tracking of rental rates can be achieved and are in accordance with RERA regulations.

1

To minimize landlord-
tenant disputes.

2

To more fully and accurately
gauge the rental market in
Dubai.

3

To establish market
standards and
procedures.

RERA will enforce compliance through several means. For instance, in the future you will need a RERA Tenancy Contract to:

1. Register a company trade license
2. Raise a complaint with the rent committee
3. Activate your DEWA account

Masterkey has partnered with RERA to provide added efficiency and clarity to the process to make it quicker and easier for you, the client. As we speak, Masterkey is integrating with RERA's system which will allow users to register every property electronically, with tracking approval from RERA executed inside the Masterkey application. When submitting a tenancy contract, Masterkey will generate the RERA tenancy contract and RERA receipts directly. All you have to do is hit “Print.?

1.

Every landlord/property management company will register properties with RERA and populate the property data into Ejari through Masterkey by exporting properties directly from the application, individually or in bulk, with the click of a button.

2.

Once every property is registered with RERA, a representative must take ALL documents to RERA for approval for every property uploaded relating to:

a. Landlord information
b. Property information: municipality details/approvals
c. Proof of an agreement between landlord and property management company (if applicable and not direct)

3.

After a manual review/audit of the above documents, property numbers/IDs are assigned to every registered property becomes “approved?and leasable. The property approved numbers and leasable status are relayed instaneoulsy to Masterkey and display directly on the property unit file.

4.

With Masterkey, each time a lease transaction is completed, the tenancy details are relayed to RERA, while the standardized RERA-approved tenancy contract details are retrieved from RERA. The official tenancy contract becomes available for print directly through Masterkey with the unique tenancy contract number and the property number printed on it.

1.

Every landlord/property management company will register properties with RERA and populate the property data into Ejari through Masterkey by exporting properties directly from the application, individually or in bulk, with the click of abutton.

2.

Once every property is registered with RERA, a representative must take ALL documents to RERA for approval for every property uploaded relating to:

a. Landlord information
b. Property information: municipality details/approvals
c. Proof of an agreement between landlord and property management company (if applicable and not direct)

3.

After a manual review/audit of the above documents, property numbers/IDs are assigned to every property registered in Ejari, whereby the property becomes ‘Approved?and therefore leasable.

4.

Each time a lease transaction is conducted you must manually enter the tenancy contract details through the Ejari system to register the lease.

5.

The property management company (or landlord) must then register each and every tenancy contract and obtain the required RERA tenancy contract.

6.

Upon receiving approval, you will print the formal standardized RERA-approved tenancy contract which has a unique tenancy contract number and the property number printed on it.