Dubai Property Seen too Expensive to Get Iran Sanctions Bounce

  • Homes 4.4 times more expensive for Iranian rial buyers
  • Sanctions relief would boost Iranians' developed market access

Dubai homes are 4.4 times more expensive for Iranians using local currency than they were five years ago, meaning a lifting of sanctions against the Islamic republic would have little short-term effect on the emirate’s slumping real estate market, according to Phidar Advisory.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.