The fire in Dubai 's The Address on New Year 's Eve is expected to have a knock - on effect for Dubai 's property prices . The council now wants surveys carried out on all its estimated 900 high - rise buildings to make sure that they conform to the latest fire regulations , which property owners expect will make it harder for them to maintain their units . Similarly , landlords who rent out their units may see renters wanting to increase or lower their rent , due to concerns over building quality . The investigation may result in some buildings needing to be completely re - clad and those buildings that are unclad and low - rise buildings may see an increase in demand .
The fire in Dubai's The Address on New Year's Eve is expected to have a knock-on effect for Dubai's property prices. The government now wants surveys carried out on all its estimated 900 high-rise buildings to make sure that they conform to the latest fire regulations, which property owners expect will make it harder for them to sell their units. Similarly, landlords who rent out their units may see renters wanting to vacate or lower their rent, due to concerns over building safety. The investigation may result in some buildings needing to be completely re-clad and those buildings that are unclad and low-rise buildings may see an increase in demand.