When the number of offers on the real estate market is growing, as it is now the case in Dubai, prices fall, which fact, in turn, reduces the cost of living in the emirate for people. And more than 90 per cent of Dubai residents today are expatriates. Thus, they either rent a hone, either going
They say it's all about new reforms.
The fall in prices, both in rental and sale sectors of Dubai real estate market, also reduces the rent for
In addition, the decline in property prices makes Dubai more attractive to international companies. The emirate is head and shoulders above other major centers of the region in terms of business infrastructure, rules and regulations, ease of doing business, wideness of market coverage, etc. However, the high cost of living is one of the few drawbacks, but living in Dubai can get cheaper if real estate prices level out.
As for real estate
But let’s get back to the reforms. In the recent past, the UAE authorities have taken a number of measures to make the real estate sector even more attractive. They revised the fees associated with the purchase and sale of land, reduced the cost of many services and issued new laws, more than beneficial for investors.
In the real estate sector, the future development course is being corrected, and now it is focused on reforming. Reforms are going in many different directions. Prices are adjusted, and this is good for the economy. With the fall in housing and
Businessmen, for their part, understand that they are making ultra-high profits on Dubai property market investments, compared to opportunities in other international markets. As for another “sore point” of many disputes — a potential oversupply at the housing market, experts say that the developers themselves will stop building
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