Dubai’s Rera to regulate and oversee real estate escrow accounts
Earlier this month, Dubai formed a higher committee for real estate, headed by a Deputy Ruler Sheikh Maktoum bin Mohammed and senior property developers. It will look at restoring balance between supply and demand in the sector.
A total of 20,978 residential units were completed in the first half of the year, according to Property Finder estimates. An additional 38,426 residential units within 152 projects have a completion status of at least 85 per cent as of July and are scheduled to be delivered by the end of the year.