At the moment there is a huge demand for properties and not enough due to:
1. Not enough complete buildings
2. Very few of the completed are registered with Dubai land department (its very difficult to resale).
A lots of cash is poring into the country from overseas and there is not enough properties witch act in accordance with point 1 and 2.
If points 1 and 2 are completed for all the buildings the prices will double yes double in two months.
That’s the way Dubai government is trying to cool the economy but for how long.
The new price index for different areas will help keeping the price reasonably stable for some time.
Expect further restriction in buying and reselling properties in Dubai as this is the only means to fight with the inflation
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