Surge in developers planning to restart stalled Dubai property projects - The National:
"Dubai is experiencing a surge in the number of developers seeking planning permission to restart stalled housing projects as property values in the emirate soar.
Dubai Land Department said it had valued Dh20 billion of properties for Dubai Municipality to assess planning consent or building permit fees during the first half of this year, almost double the Dh10.5bn it valued during the previous six months.
The increase helped to push the total number of valuations undertaken by the department during the period up 69.8 per cent to 2,388, while their value increased 41 per cent to Dh89.3bn compared with the previous six months."
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