Revaluation Dirham ?!?!

[DAYFox]

Hi Guys,

i would like to start a discussion:

Sheikh Mohammed recently made clear that the Dollar peg will remain for now! However, many people think that a revaluation of the Dirham by 20% could be possibile in the near future. By new record highs everyday and constructions costs skyrocketing not only developers would appreciate this possible revaluation...

What do you think? Revaluation YES or NO ? If YES how much? Step by step or directly? Pros and Cons? Can the Dubai market absorb a revaluation? Consequences for international Investors? Influence on property sector? ...

Would like to share your opinions!
Thank you all!

[Dubai_Investor]

One way to take advantage of currency revaluation is to take out a US Dollar mortgage. Lloyds is offering one. Foreign currency mortgages are usually not for the faint hearted. I saw one thread on this forum where some guy went completely loco when someone suggested it.

But in this case, if your salary is in dirhams and the property is in the UAE, a dollar mortgage makes sense. You get a cheaper interest rate and if the dirham is revalued, your mortgage will reduce. That's the theory as I understand it, I'm not an expert.

[maxclif]

Its about time they should revalue the Dirham. Expats living in the UAE are saving less money when compared to the currency back home.