$ On the way up again

[georgihh]

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

 

[PropGuy]

time to sell USD again.

 

[georgihh]

not yet

time to sell USD again.

wait for the following rates and than sell $

1$ = 1.20 euro
1$ = 1.30 pound
1$ = 55 IR

 

[zombie]

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

 

[gordano]

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 $

 

[DAYFox]

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 $

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!

 

[DAYFox]

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!

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".