Dubai’s property regulator the Real Estate Regulatory Authority is to act as an international reference point for the region’s real estate sector, one of its senior officials has revealed.

The agency, which is already working at an international level, will be 'happy to assist' any other country in the region with their own real estate regulatory frameworks, said Mahmoud Al Burai, director of the real estate development department at RERA.

Its new global entity goes under the name of Menares – which stands for the Middle East and North Africa Real Estate Society – and is involved in five international property bodies.