Tuesday, June 07, 2005

Government regulations and procedures block real estate sector

Posted: 29-05-2005 , 07:01 GMT

Government regulations and procedures are among the main bottlenecks of the real estate sector in Dubai, according to the results of the Dubai Chamber of Commerce and Industry survey on real estate 2004 and in-depth interviews conducted with owners and managers of real estate enterprises. Dubai Marina

Although the real estate sector is developing quickly, the government regulations and laws are outdated and far beyond the increasing needs of both owners and tenants, Khaleej Times reported.

© 2005 Mena Report (www.menareport.com)

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