| From Business24-7.ae: Year 2009 was a year of "price correction" for Dubai's realty market, transforming it into a matured and favourable one for end-users. The Land Department and Real Estate Regulatory Agency (Rera) were on the forefront to implement various laws, which were previously announced in 2008, in letter and spirit, curbing speculation.
The year started with the announcement of the first residential and commercial rental price index decree, which was aimed at curbing the increase in property prices within the emirate to maintain a balance between the interests of both landlords and tenants and to ensure stability of the real estate sector...........................................Full Article: Source
|