Let's look at the basics of the Dubai real estate market and why the new legislation makes it a stronger investment place.

This is equivalent to the limitations of historical growth and sparkling wine.
At a young age, though, Dubai's real estate market has experienced a journey that no one else can compete with. Growth is legendary, but the downturn will reduce the impact of the global recession in 2008.
Today, this market is facing new growth. But it reduces the lessons of the past.
No more quotes. The real estate market in Dubai is based on solid foundations, like all major cities in the world, and investors can rely on longevity.
That's why investors are now more confident and exciting in Dubai than ever before:

Strengthen government oversight
In order to improve the market and ensure that any future growth based on natural market leaders rather than speculation, the Dubai government has taken a number of measures in recent years to control the real estate industry in the emirates.
Here's how to stabilize Dubai's real estate market and bring it into line with the world's mature urban markets:

Investor Protection Law:
If the developer does not fill or fail to deliver the property within the specified timeframe, the framework provides the investor with a full refund to ensure that only the most famous developer he can now operate in the city.

Double check-in at property registration to 4%:
Extended deposits can prevent premature changes in assets and ensure that investors do not borrow more than they can repay.

Mortgage Landing:
The United Arab Emirates has reduced the value of loans in the UAE by 80% and over 75% abroad.

Corporate governance guidelines:
Designers and all small and medium-sized businesses in Dubai need to meet international high levels of leadership. Interested parties have a key role to play in this context and ensure that each developer is committed to establishing good relationships based on respect, trust, honesty and justice.

Restrictions on booking conditions:
As part of the Defense Law Box, investors must agree to a sales contract with the Dubai Land Department (DLD) before selling the property.

Author Bio:

Hi, this is Melisa York from United Arab Emirates. I am doing MS from American University in Dubai. I am writer as well as estate agent and I am fond of posting Gulf News Classifieds Properties Ads. I prefer to follow my passion that’s why I love my life.