Government measures will promote long-term growth of Dubai real estate market: CEO of JLL MEA | ZAWYA MENA Edition:
With the market abuzz with commentary about excessive supply hurting property prices, Dubai’s real estate sector has begun to realise the need to control supply, a top executive of global real estate consulting firm JLL said.
“There has been a growing awareness that more needs to be done to both stimulate demand and control supply if a more balanced real estate market is to be created,” said Thierry Delvaux, CEO of JLL Middle East and Africa (MEA) in an email interview.
He said several steps taken by the government this year will contribute to this objective and help promote the long-term maturity and growth of the city’s real estate market.
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