Dubai Real Estate Market Review 18-Jul-2024
$272m Marbella Resort on World Islands sold out in 8 hours. Dubai realty transaction value jumps 35.7% to $33.5bln in Q2. Dubai's office sector sees high pre-commitments and 95% occupancy.
Dubai Land Department fines 256 brokers for failing advertising rules over six months
Dubai Land Department fined 256 brokers for advertisement non-compliance in H1 2024, conducted 450 field inspections, and issued over 1,200 legal warnings. They plan to implement AI for ad monitoring to enhance market transparency and protect stakeholders' rights.
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