Phidar Advisory has released research dismissing claims that the removal of some Iranian sanctions will unlock Iranian investment in the Dubai property market, saying that these claims have been based on the over-interpretation of a limited dataset. In fact, the agency reports that the price of Dubai property for Iranian investors is now 4.4 times higher than it was in 4Q 2010. The report also notes that, while there are no signs yet of an increase in Iranian-owned properties being sold to non-Iranians or other foreign buyers, this could change if Iran were to lift its sanctions.
Phidar Advisory has released research dismissing claims that the removal of some Iranian sanctions will unlock Iranian investment in the Dubai property market, saying that these claims have been based on the over-interpretation of a limited dataset. In fact, the agency reports that the price of Dubai property for Iranian investors is now 4.4 times higher than it was in 4Q 2010. Phidar concludes that Dubai property prices are likely to decline over the next two years.