30/07/2012
Local reports said that Iranian investments in the real estate market in Dubai fell by more than 25 per cent in the first half of this year to $ 408 million, versus the same period last year due to international economic sanctions.
Data from the Land Department in Dubai showed that the Iranians are still representing the fifth-largest nationality buyer of real estate in Dubai, where more than a thousand Iranian investors bought different properties in Dubai during the first half of 2012.
However, the real estate brokers said that the number of Iranians who buy property in Dubai have fallen significantly in recent times, where buyers are not able to bring their money from Iran because of the ban imposed by Western nations on Tehran over its nuclear program.
