Dubai, in my opinion, demonstrates how real estate can become more than just property when regulations, incentives, and execution all work together to create a powerful economic engine. Clear government policies and a distinctive economic structure, in my opinion, are the main causes of Dubai’s real estate growth. Dubai has a lot to teach American real estate executives, particularly in the areas of rules, quick building, and the luxury market.
The United States still has a large supply of skilled workers, money, and demand. But in the absence of significant improvements, I think investors might start shifting their funds to quicker and more effective markets. When comparing the ways in which the United States and Dubai manage regulations, project approvals, and investor protection, the differences become evident.
Reputation is crucial for big, government-supported developers in Dubai. In my opinion, top developers prioritise completing projects on schedule, or ahead of schedule, as delays erode trust and cost money. The Dubai Land Department and the Real Estate Regulatory Agency are the two primary authorities that oversee Dubai’s real estate sector. There isn’t just one regulator in the US. Rather, developers are subject to a wide range of federal laws, including the Clean Water Act and the Fair Housing Act.
Also Read:
Breaking Barriers: Celebrating Leaders, Innovators, and Decision-Makers in GCC
Palestinians in Israeli Prisons Face Abuse and Cover-ups, Reports Reveal Alarming Reality
