CLEAN : Dubai: CityScape property exhibit opens

The video discusses the significant increase in sale and rent prices in the residential sector since August 2012, highlighting a 56% rise in sale prices and a 41% rise in rent prices. It addresses the unsustainability of these increases and the government's initiatives to curb speculation. The market is now stabilizing at a healthy level, with a notable demand for real estate, especially in Dubai, as evidenced by a 30% increase in visa resident issues in the first quarter of 2014 compared to the previous year.

What was the percentage increase in sale prices in the residential sector from August 2012 to the present?

• 41%

• 30%

• 56%

• 25%

Why were the increases in sale and rent prices considered unsustainable?

• They were influenced by government policies.

• They were too low to cover costs.

• They were driven by high demand.

• They were too rapid and speculative.

What measures did the government introduce to address speculation in the real estate market?

• Increased taxes on property sales

• Initiatives and regulations

• Subsidies for first-time buyers

• Reduced interest rates

How is the residential market described after the implementation of government measures?

• Unstable and declining

• Healthy and sustainable

• Overpriced and speculative

• Stagnant and unchanging

What was the percentage increase in visa resident issues in the first quarter of 2014 compared to the previous year?

• 20%

• 35%

• 30%

• 25%