Overpriced Dubai realty unlikely to spark much Iranian interest | GulfNews.com:
"The removal of sanctions on Iran need not set off a wave of buying by Iranian investors in Dubai property, according to findings released by a consultancy.
The biggest hurdle is the fact that Dubai’s property values are currently 4.4 times more expensive for Iranian buyers than what they were in the fourth quarter of2010.
Since then, the dollar — and the pegged dirham by extension — have appreciated by around 195 per cent against the Iranian rial. (It must be kept in mind here that there is an officially sanctioned exchange rate in Iran as well as those in the more volatile “parallel” marketplace.)"
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