Phidar 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.
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.