December 31, 2009
As we enter the New Year, Dubai’s resolution seems to be to avoid the real estate bubble that has left them teetering on collapse. Dubai has said ‘no’ to ridiculous rent increases by introducing new regulations.
“The decree is aimed at ensuring stability in Dubai’s property market and creating legislation that promotes landlord-tenant relationships” The Khaleej Times
International speculators beware! Government bureaucracy is further slowing the seemingly endless stream of cash that was equity in the Dubai real estate market. Too bad that bubble had to pop, huh?