B
Brendan R
New Member
I guess we knew it.
RERA was established in order to manage the speed at which new properties are put on the market.
That's why it is dragging its feet with all these projects either called off or indefinitely postponed.
According to Ahmed Badr, a Dubai based analyst for Credit Suisse Group, the emirate’s property prices may drop another 20% as 41,000 new homes are put on the market by the end of this year, aggravating an existing glut.
RERA is just making sure the glut doesn't become too big but also makes sure projects that are cancelled or delayed minimize the cost to the developpers.
Don't put too much hope in your dealings with RERA, they are serving a bigger purpose, but they hope that in the meantime you will feel better.
Good luck dealing with the Dubai con.
RERA was established in order to manage the speed at which new properties are put on the market.
That's why it is dragging its feet with all these projects either called off or indefinitely postponed.
According to Ahmed Badr, a Dubai based analyst for Credit Suisse Group, the emirate’s property prices may drop another 20% as 41,000 new homes are put on the market by the end of this year, aggravating an existing glut.
RERA is just making sure the glut doesn't become too big but also makes sure projects that are cancelled or delayed minimize the cost to the developpers.
Don't put too much hope in your dealings with RERA, they are serving a bigger purpose, but they hope that in the meantime you will feel better.
Good luck dealing with the Dubai con.
