Friday 22 January 2016

Cladding issues could mess with Dubai property market after The Address fire | The National

Cladding issues could mess with Dubai property market after The Address fire | The National:

"How will the fire at The Address affect property prices in Dubai?

Nobody can be exactly sure how The Address fire on New Year’s Eve will affect Dubai property prices. But as high-rise building freehold owners and insurance experts become increasingly nervous about the cost implications of a government survey of all properties to ensure that they conform to the latest fire regulations, the owners of individual units are also worried.

At the very least, it is reasonable to assume that it is going to be more difficult to sell such units in the immediate future, and if they are rented out then they are not going to be as popular."



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