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Dubai offers relief to the middle class segments by lowering its apartment sales values, UAE

For a very long period of time residents of Dubai had been witnessing nightmarish apartment sales value. This had become a very strong reason for residents to flee to other areas with lesser rates. However, Dubai has offered some relief to the middle class segments after it has lower its rates down to one percent. According to the authorities there are more chances that within three four months both the sales as well as the leasing values will be lowered by three or four percent. They also emphasized on the fact that the reason for lowering rates was not because of any market depression. The step is a result of natural adjustment to ongoing new supply entering the market. Kiran Kidwai – International Desk, NMTV

NMTV

NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

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