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 issues related to the property sector is the committee expected to tackle?

What are the expected outcomes once the steps from the committee are implemented?