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Wealthy Iranians snap up Dubai homes as sanctions hurt at home
- United Arab Emirates: Wednesday, January 25 - 2012 at 10:43
Dubai-based realtors have reported a sharp rise in the number of wealthy Iranians buying luxury homes in the emirate recently, as increasing international sanctions bite in their home country, The National has reported. The number of enquiries from Iranians has increased 25% this month from the same month a year earlier, said Mark Towers, the managing director of Edwards and Towers, an estate agency which focuses on property priced at more than Dhs15m ($4m). The company sold five properties on the Palm Jumeirah to Iranians in recent weeks, he said.
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StaffWednesday, January 25 - 2012 at 10:43 UAE local time (GMT+4)
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