Quote:
Originally Posted by DoBuy
Although the pound and euro are weakening against the dollar,I don't think its too late to buy in Dubai and make some money over the next 18 months.
Anyone who forward books their dirhams can make money both on the rising property prices plus the strengthening of the pound.If its true that the dollar gets to $1.55 against the pound as I;ve read is possible than this makes a huge difference.
It will be interesting to see what the effect will be on the amount of investors from Europe.
A decline would I imagine see a drop in prices in Dubai.
However,its the wrong time to invest in property in the UK especially so even with a weak pound there should still be those looking to buy in Dubai.
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I completely agree with you I actually sell property in the UK (more like trying to sell in the last 5 months) and this has been the worst market ive worked in for the last 5 years ive been working as real estate broker. Money is to be made abroad and I personally still think Dubai is a safe bet and like you said taking advantage of a forward contract may even benefit you more if the dollar continues to gain strength.