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		</div><p>Dubai’s ruler has issued a directive to curb the pace of new construction projects amid falling demand and property prices.</p>
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<p>Sheikh Mohammed bin Rashid Al Maktoum ordered the creation of a committee to study the needs of the property market, evaluate all future projects and control the pace of projects so supply does not outstrip demand.</p>
<p>The move comes amid a slowdown in the economy and a slump in property prices.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="ca" dir="ltr">اÙÙØ®Ø§Ù Ø© ÙÙ Ù٠زاÙÙØ© <a href="https://twitter.com/hashtag/%D8%A8%D8%B1%D8%AC_%D8%AE%D9%84%D9%8A%D9%81%D8%A9?src=hash&;ref_src=twsrc%5Etfw">#برج_Ø®ÙÙÙØ©</a></p>
<p>Beauty is in the details, discover stories, art and more at <a href="https://twitter.com/hashtag/BurjKhalifa?src=hash&;ref_src=twsrc%5Etfw">#BurjKhalifa</a> <a href="https://t.co/XY9DQv4aro">pic.twitter.com/XY9DQv4aro</a></p>
<p>&mdash; Burj Khalifa (@BurjKhalifa) <a href="https://twitter.com/BurjKhalifa/status/1167073331205607424?ref_src=twsrc%5Etfw">August 29, 2019</a></p></blockquote>
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<p>A report by UAE-based Property Finder found that Dubai apartment and villa sale prices for the first half of 2019 were down around 12% compared to two years ago.</p>
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<p>Developers, however, continue to build at breakneck speed, and have completed around 21,000 residential units in the first half of the year.</p>
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