Apartments on the Palm Jumeirah in Dubai, whose property market recovery has prompted efforts to halt speculation. Photo: Bloomberg Apartments on the Palm Jumeirah in Dubai, whose property market recovery has prompted efforts to halt speculation. Photo: Bloomberg
Apartments on the Palm Jumeirah in Dubai, whose property market recovery has prompted efforts to halt speculation. Photo: Bloomberg

Dubai raises property-sale fees, hoping to avoid another crash

Concerned about a repeat of the 2008 housing crash, and with prices rising at fastest pace in world, Dubai raises property transfer fee to 4pc

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Apartments on the Palm Jumeirah in Dubai, whose property market recovery has prompted efforts to halt speculation. Photo: Bloomberg Apartments on the Palm Jumeirah in Dubai, whose property market recovery has prompted efforts to halt speculation. Photo: Bloomberg
Apartments on the Palm Jumeirah in Dubai, whose property market recovery has prompted efforts to halt speculation. Photo: Bloomberg
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