Morning round-up: Arra wants new visa rules

Well, well. Ajman Real Estate Regulatory Agency (Arra) has submitted a proposal to federal authorities to overhaul current property visa regulations, Emirates Business reports.  In particular, the minimum property value visa criteria aren't fair to Ajman, Arra argued, since "the value of property in the Northern Emirates does not exceed half of the value of property in other emirates, and this will lead to only serving a certain investor."

The property market panic is over, according to Ghassan Youssef of Rakeen. He told Arabian Business that all the ingredients are there for recovery.

A few of those signs popped up in The National over the weekend. Philip Ward, the chief executive of Abu Dhabi Finance, told The National's Angela Giuffrida that interest rates for home loans in Abu Dhabi will be on a "continual drift downwards", while  The National's Armina Ligaya reports that commercial rents are still declining, but more slowly than earlier in the year.

Oh yeah, and CNN got the scoop that the Burj Dubai will be finished on Dec 2, just in time for National Day.