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Why are property prices subsidized when sold off plan?

April 26, 2017Plan prices Property sold Subsidized

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Why are property prices subsidized when sold off plan?

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Dubai has limited reserves of oil that will only last a few more years. The rulers of Dubai have decided that the way forward for the country is to lead the world in tourism. Dubai currently has a population of just over 1 million people and the government are looking to increase to 3 million in just over 2 years. To increase the population Dubai must be an attractive place to live and also an easy place to initially buy property.