UAE investors could benefit from new laws

Legislatory changes in the United Arab Emirates (UAE) could be good news for prospective investors in the country.

This is the view of Shelter Offshore, which said the government in Dubai has recently introduced a number of new laws regarding the housing market.

According to the website, the regulations have been introduced to try to curb speculation in the market and provide greater regulation.

This, it said, should protect buyers and slow speculation "right down".

Shelter Offshore also predicted that this could be a positive development for Dubai in the long run, as it would help make the market more sustainable.

"It is also welcome news for those desperate to get their hands on a home in Dubai who have watched prices spiralling before their very eyes," it added.

This comes after the UAE was recommended to foreign property buyers by Jo Sinnott, host of Real Estate TV's Next Big Thing Series.

Speaking to Property Wire, she said areas such as Dubai and Ras Al Khaimah offer various opportunities to investors.

Visit our off-plan property United Arab Emirates page

 

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