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Old 24-10-2008, 03:20 PM
MaxyzK MaxyzK is offline
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Join Date: Sep 2008
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The rate of UAE dirhams today at the travelex bureau was 5.6! Depressing to think that not so long ago it was 7 or more!
Don't know about you guys, but I think its a tad cheeky for Opensure to use the rate of 7.3 in its brochures to advertise the property prices. Even an e-brochure I received regarding GSS developers new project, the Presidential Tower, quotes prices with this exchange rate! How can they get away with it!
Also, I have seen elsewhere on the internet that Ajman government will not guarantee residential visas for property purchasers, in line with Dubai investors. Anyone know more on this? If so, then again, Opensure cannot market these properties dangling the carrot of residency visas.
SusieQ, if you're back from your hols in Dubai/UAE, what was the exchange rates at the local banks there? I found when I went in August that it was better to change sterling over there than over here. E.g. at Manchester Airport, I was getting 6.45, but at Dubai airport it was 6.6, and even 6.75 in places like RAK!
Although that was then, would the flight pay for itself if you fly over there and get a slightly better rate, when you have to meet the 3-month payments for property purchase?

Last edited by MaxyzK; 24-10-2008 at 03:26 PM. Reason: Addition of extra.
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