IDI was appointed to establish a Real Estate Regulatory Authority in the Middle East.
The four person IDI team;
Worked with a counterpart team to establish the Regulatory Authority to oversee all government functions and responsibilities related to the sector on a turn-key basis
Created the legal instruments for the regulation of all sector-related commercial activities
Undertook a program of capability building and knowledge transfer so that the Authority would be self-sustaining within three years.
Established governance and organisation structures
Increased engagement and compliance through communications and greater stakeholder awareness and raised public awareness of real estate regulation
Introduced international best practice approaches
Strengthened professionalism and competency of real estate service providers
Introduced innovative solutions to the provision of escrow by developers
Provided guidance to the market and issued resolutions, bulletins, circulars and guides
