The sterling pound is still smashing through the $2 barrier with rate today at:
GBP-USD STERLING POUND - US DOLLAR 2.0214
Directly linked to the dollar is the UAE Dirham at a fixed rate of AED 3.67 to $1
That means properties in Dubai are actually costing you 20% less to buy than a couple of years ago. For example an apartment for AED 465k is now only approx £63k whilst in 2004 it would have been approx £75k. Now is the time to snap up a bargain if you have some pounds to invest!
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