Dubai – United Arab Emirates on 5 August 2008, The Real Estate Regulatory Agency (RERA) has expanded its cultural program dedicated for the employees in real estate market and all those who are dealing in real estate market through executing a Memorandum of Understanding with Amlak Finance Company, which is considered the biggest real estate company in the Middle East.

According to the Memorandum of Understanding, Amlak Finance Company shall be the exclusive sponsor of the printings of the establishments. The Memorandum of Understanding was signed by Marwan Bin Ghalita, the Chief Executive Officer of the Real Estate Regulatory Agency (RERA) and Mr. Arif Alharmi, the Chief Executive Officer of Amlak Finance Company.

The awareness campaign will target potential homes owners and investors wanting more information on the benefits of Escrow accounts.

This will include distribution of educational booklets at RERA offices across Dubai, development of dedicated website in Arabic and English. Amlak Finance is the exclusive and official sponsor of this campaign which will stretch for a period of one year.


Marwan Bin Ghalita described such step to be “the right sign to expand the culture concerning real estate market frame, since the social liability of the establishment requires us to draw the attention of real estate market to the most important issues that may affect the real estate market, and accordingly we found it important to expand the idea of this cultural series.

Marwan Bin Ghlita, added that “the process of establishment activation as of the date of establishment in August last year, to spread culturing through instructive programs which are dedicated for dealers of the local market. The aforementioned programs depend on the importance of the ideal application of laws and legislations that organize real estate market and clarify developers’ situations for added the purpose of exerting all efforts and support to secure achieving continuous development rates.

Marwan Bin Ghlita assured that Amlak Finance was selected to be the official and exclusive sponsor of this campaign since the company is a pioneer in real estate finance sector, in addition to that the company is considered one of the main supporters for works and activities of The Real Estate Regulatory Agency (RERA) since its establishment.

Mr. Arif Alharmi, the Chief Executive Officer of Amlak Finance said that “when Law No. 8 of 2007, concerning guarantee account came into force, Amlak Finance Company had commenced that service and tried its best to market it through introducing the complementary solution for the main real estate developers, such services that is considered to be fruitful to all parties in the real estate market.

Mr. Arif Alharmi, added that “ by signing this exclusive agreement with The Real Estate Regulatory Agency (RERA) before executing any agreement with any other companies carrying out the same activity in real estate market, we shall obtain the a vanguard role in spreading instructive ideas and supporting establishments towards the welfare of society and real estate sector. Amlak Finance Company is still keeping its pioneer role and ready to be developed with this industry which the company played an important role in its development. The Guarantee account added security to real estate sector in Dubai through its unprecedented growth the matter that strengthens investors’ confidence concerning the real estate market.

Mr. Arif Alharmi added: “All of us in Amlak Finance Company continuously contact with investors and developers and we do support culturing campaign which coincides with our vision to make Dubai more safely in addition to making it the preferable place for investment in the world. All above mentioned can be achieved by producing the best finance solution to the investors and to produce options to individuals and families that enable them to make the important decision to own a home of their dreams.

The attached photo includes:
Marwan Bin Ghlita, the Chief Executive Officer (RERA) and Mr. Arif Alharmi, the Chief Executive Officer of Amlak Finance during signing the agreement.