Increased foreign demand could boost Dubai’s real estate market
UAE government announcements to allow 100% foreign ownership outside of free zones and reduce the market fee on businesses from 5% to 2.5% to stimulate demand in the Dubai property market, says JLL.
The majority of property investors and other industry participants think that the role does not extend beyond the collection and remittance of rental receipts.
Vice President, Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved the new strategy for Building Permit Procedures Development.
To help stimulate Dubai’s economic development in the real estate sector, the Ruler of Dubai has approved a new policy which simplifies the process to just five easy steps.
