Wednesday, October 17, 2007

You couldn't make it up.

I've talked before about statements from 'officials' being confusing, incomprehensible, contradictory...

How about today's classic, from the CEO of Dubai's Real Estate Regulatory Authority:

"We will have a rental cap, but allow the landlord to adjust the rent based on the market value.

We want the market to be regulated, but also to leave it to supply and demand forces."

I swear that's what the report in Gulf News says. Does it mean that there will be a rent cap or not? Is the market to be regulated or open to market forces?

You can read the full story here.

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