This Bloomberg TV video today explains measures being taken in Singapore to try to keep a lid on soaring property prices. With house prices back to all-time high levels this is necessary to contain local inflation. Should Dubai be doing the same?
Not really, prices in Dubai are still extremely cheap by comparison to Singapore and the market still has some way to go to recover the peak levels of 2008. Villas are almost there but the much larger apartment market is weighed down by oversupply and that will moderate price rises.
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