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Originally Posted by High 6
Have been advised from Tamweel that the number of new villas has been capped at 7000 by Dubai authorities, however no limit to the number of new apartments that can be built. Their advise is that Villas will always be a good investment but apartments are a higher risk. Can anyone else confirm this??
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I take it this advice was given buy the same guy who is actually trying to sell you a villa? Are these the same "authorities" who said rent increases would be capped at 15%? Maybe he means 7000 villas this year? Who knows for sure? Hey, why not nip down to the department of ????? and make sure for yourself by asking to see the "Capping of new villas for all time in Dubai to 7000 decree".
SM