Dubai Real Estate Regulatory Authority to Issue Property Price Chart
Monday, June 16th, 2008Dubai’s Real Estate Regulatory Authority (RERA) has plans in the pipeline to issue a comprehensive real estate survey. The real estate price chart will consist of the rates of differing property bands within various areas of Dubai.
However, there is debate between real estate experts as to the effect the move will have on the sale-purchase and rental of Dubai real estate. One school of thought goes with the idea that the list by Dubai Real Estate Regulatory Authority will be used by landlords in that they will increase real estate rentals. So for those who own Dubai real estate, RERA’s endeavour is good news. On the other hand, the price transparency brought in Dubai real estate market by the Real Estate Regulatory Agency is something that will be enforced uniformly across the emirate.
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