New laws to curb Dubai property 'flipping' - The National:
"Seven new laws in the next two years will regulate Dubai’s property market and ward off speculators.
The laws are aimed at maintaining the recovery in property values without a price bubble, protecting investors, increasing the flow of development finance and curbing the practice of rapid “flipping” of off-plan purchases.
Dubai’s property market has entered a new phase of growth and increased demand, said Sultan Butti bin Mejren, director general of the Dubai Land Department."
'via Blog this'
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