georgi, u spoke too soon, the fed cut the rates yesterday and i really didn't expect them to be cut so soon. This means the dollar has dipped even further taking the dirham with it. Today £1= $2.0789 AND HEADING TOWARDS THE PREDICTED 2.1 BARRIER AND FURTHER.
What will this mean for Dubai's market, well the mortgages are becoming cheaper slightly but ur investment has devalued considerably as the dollar has slid. This also means US ECONOMY is in a very bad shape and they don't want to admit it but i say its in reccession, this means bad news for the world.
Has anyone checked what $100k can buy you in florida? well, a four bed detached house with a swimming pool, now would you buy a studio in Dubai or a 4 bed new built house with a pool?.....still time...CUT AND RUN.

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