Corporate foreign exchange news

Published by Zeb BhamThere has been a gradual recovery in UAE property enquiries since the market's debt crisis in late 2009, according to PropertyShowrooms.com.Commenting recently, Terry Hobbs, media manager for the international real estate portal, said that while property enquiries are still severely depressed when compared to sales and interest seen two years ago, people are slowly returning to the market.He added that while some of the smaller emirates - like Ajman - saw stable but low property sales last year, for Dubai, "literally the traffic just died".Mr Hobbs added that there "is still quite a bit of fear" surrounding making an investment in Dubai property, particularly as the market is both expensive and unstable.He said that while intrepid investors may be willing to take a risk on a £30,000 Greek villa, taking out a foreign property mortgage for a £400,000 home in Dubai is another prospect entirely.In its recent report on Abu Dhabi's property market, CB Richard Ellis claimed there were "some positive signs for the year ahead" during the first three months of the year.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site.