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?

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