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 is the current state of the residential market according to the speaker?

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How much did the number of visa resident issues increase in the first quarter of 2014 compared to the previous year?

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