Damac Sees Iran Investments Countering Dubai Property Dips - Bloomberg Business:
"Damac Properties Dubai Co. is optimistic that investment from Iran in Dubai property could offset a slowing market in the Middle East’s commercial and tourism hub.
Iran’s progress in negotiations with Western governments, including the U.S., could open doors for Iranians to invest in the emirate’s property market, Adil Taqi, group chief financial officer of the Dubai-based developer, said in an interview.
“I’m no politician, but I look at that development with a lot of optimism,” Taqi said. “Can you predict what’s going to happen? I certainly can’t. I can’t put a number to that.”"
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