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Dubai to consider stronger measures in property market

: Wednesday, June 18 - 2014 @ 10:25

After experts, including the International Monetary Fund (IMF) have called for more regulations to govern transactions in Dubai’s off-plan property market, Dubai is considering new fees and restrictions to reduce the immediate re-sale or flipping of off-plan properties, Gulf Business has reported. In a report released last month, IMF urged the emirate’s authorities to introduce stronger measures against speculation in its property market. It warned of an impending property bubble if necessary steps are not taken on time.

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Wednesday, June 18- 2014 @ 10:25 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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