Dubai Forms Committee to Balance Property Market

The video discusses the formation of a new committee by the Dubai government to address the oversupply in the property sector, which has led to a 27% drop in property prices since 2014. The committee aims to curb competition between large developers and private investors and prevent repetitive megaprojects. Key companies like Aermod and Meros are involved. However, specific measures are not yet detailed, and further updates are awaited from the media office.

What is the primary reason for forming the new committee in Dubai?

• To increase property prices

• To address the oversupply in the property sector

• To reduce government involvement in real estate

• To promote competition among developers

Which of the following is NOT a focus area of the new committee?

• Addressing the supply-demand imbalance

• Involving major companies like Aermod and Meros

• Encouraging the repetition of mega projects

• Stopping large developers from competing with private investors

Which companies are mentioned as part of the committee?

• Union Properties, Deyaar, and Dubai Properties

• Emaar, Nakheel, and Damac

• Aldar, Sorouh, and RAK Properties

• Aermod, Meros, and Dubai South

What is the main challenge in implementing the committee's measures?

• Opposition from government companies

• Unspecified curbs on competition

• Resistance from private investors

• Lack of funding

What is the expected outcome once the committee's steps are implemented?

• More mega projects being approved

• Clearer guidelines on competition

• Immediate increase in property prices

• Reduction in government real estate projects