2007 News
August
$300bn Dubai property boom may slow on power demand
Dubai’s $300bn real-estate boom may be slowed as the emirate’s state-owned power and water utility struggles to keep up with demand from residential and tourism projects, property developers say.
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Dubai gets real estate regulator
The Dubai government has announced that it will set up a real estate regulatory authority to monitor the development of the sector in the emirate. HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Ruler of Dubai, issued a decree yesterday to that effect.
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