Its all about the currency !

[Wannaberich]

With the pound currently nosediving against the dollar/dirham now is a great time for many foreigners to sell their Dubai units.
The pound this morning was 5.61 / £.
By the end of the year if prices have fallen further as predicted,plus sterling goes back up to say,6.2,then a unit worth for example 800.000dhs today for which you would get around £142.000,could be worth only £116.000 if prices fall only 10% and the rate goes to a 'normal' 6.2.

This scenario is true for sterling plus for any other currency out there which has weakened against the dollar/dirham.
If you are looking at your investment long term,then maybe this wont affect you.
If you are looking at it short term then I would look at selling now.

Even if prices made an amazing turnaround and actually went up 10%,this could be wiped out if the dollar/dirham weakened.
Bottom line is recognise the importance of the currency exchange rate and predictions for your currencies future value !

 

[Norbert]

Sell??

With the pound currently nosediving against the dollar/dirham now is a great time for many foreigners to sell their Dubai units.
The pound this morning was 5.61 / £.
By the end of the year if prices have fallen further as predicted,plus sterling goes back up to say,6.2,then a unit worth for example 800.000dhs today for which you would get around £142.000,could be worth only £116.000 if prices fall only 10% and the rate goes to a 'normal' 6.2.

This scenario is true for sterling plus for any other currency out there which has weakened against the dollar/dirham.
If you are looking at your investment long term,then maybe this wont affect you.
If you are looking at it short term then I would look at selling now.

Even if prices made an amazing turnaround and actually went up 10%,this could be wiped out if the dollar/dirham weakened.
Bottom line is recognise the importance of the currency exchange rate and predictions for your currencies future value !

Sell to WHOM?

 

[DAYFox]

"Sell to Whom?"

haha, good one! Really good one!

Dont panic, Dubai will come back! If you bought at reasonable prices and in good locations u are safe !

 

[Wannaberich]

Sell to WHOM?

Any idiot stupid enough to buy.
Look and you will find.

 

[Kjarkata]

Good Day DoBuy, I have been looking for a buyer - Idiot & stupid enough to buy my property at Ajman Boulevard / Goldcrest Dreams since almost over 8-10 months now with payment of around 75% aganist actual receipts (25% less on actual paid amount to the devloper) but so far, have not succeeded to find even a single one. Instead I came across the property swap brokers who were asking for more money on the pretext of property swap.

 

[Wannaberich]

Good Day DoBuy, I have been looking for a buyer - Idiot & stupid enough to buy my property at Ajman Boulevard / Goldcrest Dreams since almost over 8-10 months now with payment of around 75% aganist actual receipts (25% less on actual paid amount to the devloper) but so far, have not succeeded to find even a single one. Instead I came across the property swap brokers who were asking for more money on the pretext of property swap.

Keep trying.
Who are the property swap brokers?