Quote:
Originally Posted by eyeC
it would cost you approx. 127 ounces of pure gold or 3.97 Kg today
and it would produce for you 11.26 ounce per year
 weeek |
Yes, it's a worry - our investment seems to be declining in value (unless your balance sheet is in US$ or Dirhams). I think this is mainly a result of the decline in the US$. Maybe our best hope is that the UAE drops the peg to the dollar.
On the positive side, Dubai real estate is becoming more affordable for investors with, say, GBP, EUR or AUD. Maybe this will help bring more buyers in.