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The 2007–2008 financial crisis led to the Dubai housing crash in 2009 and a sharp decline in property values and a slowdown in development activity. The government took a series of measures to support the industry, including increased regulation and transparency, and establishment of the Dubai Real Estate Regulatory Agency (RERA). [ 7 ]
Dubai Uncovered is the name of a leak detailing property ownership in Dubai. The data, originally from 2020, was revealed in 2022. [1] It revealed 274,000 owners of 800,000 properties located in Dubai. [2] Of these, 191,000 were foreigners. [3]
To set policies and plans in the real estate sector in Dubai in order to increase foreign investments. RERA is a part of Dubai Land Resources Department. The agency has its own financial and administrative independence with full legal authority to regulate the real estate sector in Dubai.
Consult the experts: Chat with immigration lawyers, real estate agents, and tax professionals who know the ins and outs of foreign property deals. Their expertise will help you navigate local ...
The author says they have been interested in buying property in Europe, Dubai, or Canada, for some reason, or a trust in the Cook Islands, but they are unsure how the difference in jurisdictions ...
The United Arab Emirates is a major investment destination for Pakistan. Pakistanis are among the top ten investors in the UAE property market, ranking as the second largest nationality that bought most property in Dubai. [18] Many wealthy Pakistanis have bought expensive properties in Dubai and have second homes there.