Dubai authorities have warned desperate brokers and developers not to chase potential customers in the corridors and parking lots of the Cityscape World Expo, Bloomberg reported.
The agency said the decisions showed just how desperate competition among real estate firms for attracting customers has come at a time when Dubai's real estate sector is living its worst since the global financial crisis.
Leading real estate companies in Dubai - such as Emaar and DAMAC - have not participated in this year's Cityscape.
Dubai's real estate boom is over, and the weak version of this year's show reflects the local market situation, with real estate prices falling by about a quarter since 2014 under the impact of oversupply and slowing economic growth.
Bloomberg quoted the director of a Kuwait-based real estate company, who is participating in the exhibition, as saying his clients had sold their properties in Dubai to reduce their losses as prices plummeted.
He pointed out that the political tension in the region has damaged the real estate market, noting that he is looking for investment opportunities in Georgia and Turkey.
Earlier, experts polled by Reuters predicted that house prices in Dubai would fall sharply in the next two years and said the slowing economy and increased supply of housing units were threatening further decline.
Dubai's housing market is a major factor in the emirate's GDP. Dubai's economy grew only 1.94%, the slowest since the financial crisis.