Dubai has matured significantly since 2008 implementing strong regulations to prevent bubbles. The strict mortgage caps requiring higher down payments prevent over leveraging. The escrow account laws protect off plan funds. Additionally the market i…
Dubai has matured significantly since 2008 implementing strong regulations to prevent bubbles. The strict mortgage caps requiring higher down payments prevent over leveraging. The escrow account laws protect off plan funds. Additionally the market is now driven more by end users and cash buyers rather than speculators. These structural changes combined with the government's population growth initiatives create a much more resilient market that is better equipped to handle global economic fluctuations without crashing.
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