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Arabian Business reports that The Real Estate Regulatory Agency (RERA) of Dubai has launched a monthly magazine to make information about Dubai's real estate market more easily and widely available. This means that a government agency shall be competing with privately held media outlets for real estate audiences and advertisers.
"We want to encourage complete transparency in the property sector so that no one is in doubt about anything relating to property," Rera CEO Marwan bin Ghalita said in a statement. "Miscommunication and lack of transparency are a major concern among property investors and other segments of the industry and our endeavour is to clear these confusions and help introduce proper understanding through the magazine."
Rera said Dubai Real Times would include market studies, trend analyses, commentaries and expert opinions, as well as regular updates on laws, rules and regulations.
Dubai Real Times is an extension of the Dubai Real Estate Community portal, which is part of the Rera's website, the agency said. Dubai-based Sterling Publications has been awarded the contract to produce the magazine. Sterling already publishes Dubai Freehold Property Guide for the Dubai Land Department. Sterling also publishes current affairs title UAE Digest and Banking & Business Review.