RERA stands for Real Estate Regulatory Agency, which is a government agency that streamlines, authorizes and regulates the real estate sector in Dubai. It was founded by His Highness Sheikh Mohammed Bin Rashed Al Maktoum, Vice President & Primes Minister ruler of Dubai on 31st July 2007. It strongly establishes policies and regulatory acts, in order to encourage expat and foreign investments in the booming real-estate sector of Dubai, whilst providing a strong ethical foundation for those interested.