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Emirates Real Estate Corp

Overview

The Emirates Real Estate Corporation (EREC) is a public entity established under Federal Law No. 7 of 2000 with a paid-up capital of AED 500 million. It is mandated to oversee and manage federal real estate assets across the United Arab Emirates. EREC operates under the supervision of the Ministry of Finance (MoF) and reports directly to the Minister of Finance.

Today, EREC works in collaboration with approximately 400 specialized local companies, carefully selected and registered as partners. These firms provide essential support across project management, consultancy, construction, and key supply services.

Vision

To be pioneers in real estate development, property investment, and building management—locally, regionally, and globally.

Mission

To uphold international standards in the development and construction of sustainable government buildings, deliver exceptional post-construction services, and foster partnerships among federal and local authorities as well as the private sector. EREC also aims to create a work environment that supports employee development, recognition, and professional growth.

Strategic Objectives

EREC is committed to delivering high-quality real estate services through the following strategic goals:

Construct properties for various government entities—from ministries to federal authorities—according to global best practices, while maintaining EREC’s competitive edge.
Respond effectively to the needs of ministries and federal bodies by providing timely, relevant services via a robust operational framework.
Ensure a high level of flexibility to adapt to evolving client requirements. This includes offering fully integrated design and construction processes in partnership with reputable private contractors in a resource-efficient manner.
Oversee the comprehensive management and supervision of government properties, both for short- and long-term needs.

Key Responsibilities

EREC plays a vital role in supporting the federal government’s real estate infrastructure. Its core responsibilities include:

Property Ownership and Management

Acquiring, leasing, and managing real estate assets essential for achieving its objectives.
Maintaining government buildings and federal properties upon request by relevant authorities.

Government Building Development

Designing and executing construction projects for government offices and departments.
Outfitting buildings to be leased to federal ministries, institutions, and organisations both within the UAE and internationally.

Investment and Financial Operations

Investing its funds in suitable fields aligned with its operational regulations.
Issuing financing bills and borrowing funds to support its projects and growth.
Engaging in finance leasing arrangements to execute its real estate development plans.

Strategic Expansion and Mandates

Carrying out tasks assigned by the UAE Cabinet through specific decisions.
Expanding operations in accordance with government strategies and real estate needs.