The results of Dubai’s huge review would be released by the end of year according to Dubai’s real estate watchdog. Marwan Bin Ghalaita, CEO of Dubai’s real estate regulatory agency said that projects which are yet to be started are also under review.

The regulator would test contractors based on viability of project and their business credentials. Final approval will only be grated to projects fulfilling the regulatory guidelines, auditing system and standard construction norms.

Ghalaita said, "If developers don't have enough money to start construction or if they don't have experience or enough knowledge in real estate development, then they should not start the project. We are saving them, the industry and the business environment."

Recalling the worst period witnessed by the real estate industry, he said that developers would not be allowed to repeat the same mistakes they had committed earlier. Dubai’s real estate watchdog had already cancelled 202 projects making developers to think twice before getting involved in malpractices. Now, more than 90,000 units are facing cancellation and government scrutiny, according to top official of the regulator.