House in for sale the United Arab Emirates
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Iran sanctions hit property sales in the United Arab Emirates

Iranians are some of the biggest investors in the United Arab Emirates, especially in the property sector.

However, in the first six months of the year, the amount of real estate bought by Iranians has slipped by 25%.

The blame has been put on sanctions, as it is now harder than ever for Iranians to move money to get bank approvals for mortgages.

Simon Atkinson reports on the wider impact on Iranian businesses from across the waters of the Gulf in the UAE.

  • 06 Aug 2012
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