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Dubai Real Estate-Will the Boom Last5/23/2014 A few years ago, the real estate market in Dubai peaked to all time levels and then almost immediately fell into a crisis. Now, the real estate marketing is booming again and people are wondering whether or not it’ll last. A number of factors led to the initial crisis and these same factors could result in a longer boom this time around. When the market crashed, there were a few contributing reasons. One of these was the lack of regulatory laws in Dubai. Now experts have determined the RERA, Real Estate Regulatory Authority, which was formed shortly before the crash, to be more suited to deal with disasters. The Dubai government has been working closely with this organization to ensure that another market crash does not happen. The actions of the government and RERA have boosted the confidence of real estate investors. These improved measures are leading to investors purchasing more and more Dubai real estate. With the current status of the market, now is the time to seriously begin considering purchasing properties in Dubai. If you live outside of this thriving country, it is best to turn your search to the internet, in order to find available properties and real estate agents.
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