Dubai forms committee to ensure stability in real estate market


A new real estate planning committee has been set up in Dubai to achieve a balance between supply and demand in the sector.

This follows the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The panel will help avoid duplication of projects and ensure that semi-government property companies don’t compete with the private sector.

It’s also been tasked with developing a strategic plan for all major real estate projects in the emirate for the next ten years.

The committee, made up of senior developers is headed by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the Deputy Ruler of Dubai.

The latest initiative comes two days after Sheikh Mohammed published an open letter highlighting issues ranging from Emiratisation and foreign policy to the local economy and the performance of government services.


More from Local

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.


On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.