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Dubai launches new initiative to open up property investment market

The Dubai Land Department (DLD) has announced the launch of a new initiative which aims to attract a wider range of real estate investors to the emirate. Under the Real Estate Investment Opportunities (REIOs) initiative, several investment products will be launched including real estate investment funds, partial title deeds procedures to register units owned by a number of partners, a lease-to-own system and investment portfolio applications.

The launch comes as Dubai witnessed a property price fall of almost 15% in the last 12 months, with prices now down more than 20% compared to four years ago. The Dubai House Price Index tracks residential sales prices for the same selection of properties from September 2015. As of May 2019, apartment and villa/townhouse prices have declined by 20% and 21.5% respectively.

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