Exchange Rates
You got a Good rate there SusieQ, considering the state of affairs right now!
With the US elections only days away, traditionally, the US economy has usually picked up after an election, with a feel-good factor buzzing around the New York stock exchange. I sincerely hope this doesn't strengthen the dollar, and batter the sterling exchange rate!
I see that Emaar, one of the Dubai developers, has lost a lot of value in its shares. I can't find any info on the financial position of GSS developers. However, I read somewhere that although many investors from the UK have retreated from buying UAE properties, due in part to their own financial struggles, there are Russian and Indian investors who are continuing to plough money into these projects. Hurray!
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