By Ayman Alashkar – Founder & CEO – OVERWRITE.ai
The chart represents an index of the US Dollar’s value against a basket of major currencies.
You can track the path the 💲 has taken after America’s Federal Reserve committed to a raft of measures designed to prop up the world’s biggest economy against the impact of COVID-19; including an uncapped Quantitative Easing programme.
Since we emerged from lockdown in late May the Greenback has nosedived to pre-pandemic lows, with the Dollar index recently closing at 93.41; levels not seen since Q2 2018.
Why’s that good news?
Because of the Dirham’s Dollar peg. Since the start of June the value of UAE real estate has fallen 🔻6.5% in real money terms, creating an incredible opportunity for investors with non-dollar denominated cash to hand!
An AI Implementation Strategist accredited by the prestigious MIT in Cambridge, Massachusetts, Ayman also has a Bachelors Degree in Mathematics from the world-renowned Queen Mary College, University of London, and a Masters in Real Estate Investment and Development from the University of Reading (UK). With 20 years’ experience working in real estate, banking and artificial intelligence, Ayman is the founder and CEO of PropTech platform OVERWRITE.ai.
OVERWRITE.ai is a world first, user-friendly B2C platform that allows estate agents to instantly auto-write curated marketing descriptions, taking the boring out of the daily grind.