Transparent measures to see Dubai through crisis

Real estate in the UAE is undergoing various radical makeovers, with measures being introduced to consolidate the market & its practises. One such move is the introduction of a property price index for Dubai set for 2010.

Dubai would do well to set itself as an example as the real estate industry there appears to be condensing all of its efforts into market recovery efforts.

The property price index, to be introduced in 2010, is aimed at providing transparency of the true value of property in Dubai. This, together with the regulation & qualification process of the real estate industry, over how and where agencies are permitted to practise, and the type of properties they can represent, will leave the less scrupulous with nowhere to hide.

With an open view and a new benchmark set, these measures are in place to protect vendors, investors & agencies alike, & are welcomed by industry experts.

Dubai once again raises its profile for the better in the region, & this will only serve to remind investors of its key importance.