Fear of Bubble as Sanctions Stoke Iran Property Boom

The Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs of a Tehran apartment block on his tablet computer.
“I designed it myself,” he said proudly as he blew a cloud of scented smoke out into Dubai’s night air.
The pictures showed the lavish interiors of apartments and penthouse suites in a 20-floor development his company recently completed in Niavaran, one of the Iranian capital’s wealthiest areas, …

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