Tuesday 22 December 2015

New twist in Dubai’s property data row | The National

New twist in Dubai’s property data row | The National:

"Reidin, Dubai’s major property data provider, said yesterday that developers supplied just 9,397 units in 2015 – compared with start-of-the-year projections from other sources that 25,000 units would be handed over.

This is the latest chapter in an argument between property developers and brokerages over the outlook for Dubai’s property market – a dispute that came amid the Dubai Government’s introduction of a new law that limits the ability of private companies to conduct surveys in the emirate. ​

Property brokerages will see the new data as proof that they were right about the emirate’s housing market – while property developers will read the evidence as proof that the brokerages were wrong all along."



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