The prices of properties in Dubai now are dropping, but the RERA Dubai manages the property market with the guiding price. who will be benefit from this rules?
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August 14th, 2009 at 9:38 am
Can you please provide your sources? I read that Rera brought out a new rental index, but they guide the property market prices?
Didn’t know that this their business. Otherwise I think it’s a very good and usefull institution and a helpful instrument to regulate the Dubai Real Estate Market.
August 14th, 2009 at 2:03 pm
it is not a “guiding price” like you call it , it is the price index from actual real estate records so they don’t make it up .RERA is not a newly setup entity, it was always there but formerly known as Dubai Land Department, established in 1960., they just changed the name to Real Estate Regulatory Authority to better regulate the price fluxuations for consumer’s & landlord’s benefit..
RERA websitehttp://www.rera.ae/http://rpdubai.ae/rpdubai/welcome
August 14th, 2009 at 8:40 pm
Direct answer..its my personal opinion.
It is bias and they need more user friendly employee..
Regulating the real estate too much empty space available
while the local are being ignore of their basic rights,because
of this development in short span..too quick hit the people hard everything is too expensive.
August 14th, 2009 at 10:22 pm
http://www.guide2dubai.com/property/515-…http://www.propertycommunity.com/forum/d…http://archive.gulfnews.com/business/Rea…