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Dubai realty pegged on dollar strength

07.03.2015
As things stand now, “the propensity for investing in Dubai real estate is at a five-year low point," according to Phidar Advisory.

The dollar’s relative value — or how much it could gain against a basket of emerging market currencies — should influence the medium-term investor appetite for Dubai realty, Gulf News reported.

As things stand now, “the propensity for investing in Dubai real estate is at a five-year low point”, based on projections put out by Phidar Advisory, a property consultancy. This, according to Phidar, derives “from quantitative easing policies that erode foreign currencies to tax code amendments that stem capital outflows … events in foreign markets can amplify real estate demand and price volatility in Dubai, which, in turn, increases Dubai’s market risk”.

“Generally, the strong dollar tempers capital flows into Dubai … (while) weaker currencies create relative value in foreign markets and encourage capital outflows from Dubai,” according to Phidar. “The net result: a smaller investor base with yield sensitive capital in Dubai”.

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Lease process (Rent out)

1 hour

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Required documents:

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Ad placement:

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Up to 2 days

Signing of the lease agreement

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Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

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the management process

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From 3 days

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Expenses of the investor:

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