Rules needed on yacht gimmicks to investors in Dubai property

April 12, 2015 8:34 AM

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DUBAI, April 12 (Reuters) - Marketing of Dubai property to overseas investors needs new regulation to prevent damage to "Brand Dubai" from gimmicks being offered to coerce buyers including yachts and luxury cars, the chairman of Emaar Properties was quoted as saying on Sunday.

Dubai has ramped up its oversight on the emirate's property sector in the wake of a real estate crash at the end of the last decade which sent prices down by around half from their peak, including measures to cap loan-to-value ratios on mortgages and a doubling of the fee paid to register transactio...

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