Dubai to consider stronger measures in property market

June 18, 2014 10:25 am

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.