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$ On the way up again

Discussion in 'Dubai property' started by georgihh, Mar 2, 2009.

  1. georgihh

    georgihh New Member

    $ is getting stronger and stronger = property prices will go even further down in UAE
     
  2. PropGuy

    PropGuy New Member

    time to sell USD again.
     
  3. georgihh

    georgihh New Member

    not yet

    wait for the following rates and than sell $

    1$ = 1.20 euro
    1$ = 1.30 pound
    1$ = 55 IR
     
  4. zombie

    zombie New Member

    Where do you see rates going as regards Euro & Pound?
     
  5. gordano

    gordano New Member

    Do you tihnk that the AED will continue to be linked to the $ ? If $ falls then as it is today the prices in Dubia will be a lot cheaper for any investor with funds not linked to $
     
  6. DAYFox

    DAYFox New Member

    WRONG! The Dollar is getting more and more stronger nowadays and IF the dollar keeps getting stronger than it will be more expensive for any oversea investors looking to buy in Dubai properties! So basically a WEAK Dollar is good to push sales in Dubai.
    Anyways, lets see what the new currency in 2010 will bring... Maybe it will become the new "Gold-currency" and this of course would be enough to bring Dubai up again!
     
  7. DAYFox

    DAYFox New Member

    p.s.: In fact both currencies, EURO and DOLLAR, are losing at the moment. But due to the fact that the Euro loses more than the Dollar, the Dollar gets "stronger".
     
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