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Dubai rents, property prices soar: Latest government real estate reforms, initiatives explained

Posted by Martins Olise on July 22, 2022
Here’s how Dubai’s recent laws and government-led initiatives have sought to encourage investment in the emirate’s property sector as real estate rents and prices continue to rise

How Dubai's real estate industry is set to benefit from the latest laws announced
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai

The Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum introduced a new law to support the growth of real estate investment funds in the emirate. The announcement comes a day after the Dubai ruler issued a decree promoting the growth of real estate investment funds in the emirate.

Dubai’s property market has been experiencing a post-pandemic surge driven by government-led reforms and initiatives over the last six months.

The real estate market recorded AED 22.7 billion sales in June – highest sales figures in the last 13 years – and reaching almost 71 percent of the total 2021 sales volume, Dubai Land Department (DLD) data revealed.

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