Grey market in the UAE has started taking pre-orders for the new iPhone5 for delivery on September 23.

Just a day after Apple announced its new iPhone5, grey market in the UAE has started accepting pre-orders for the phone. A top-end 64GB model is being sold for as high as Dh6,000, more than twice the original value.

Emirates24|7 spoke to many sources within the grey market, who confirmed that the new phone will be made available in the UAE within 48 hours after it is launched in the United States, Europe and South East Asia.

“We have already started taking preorders for the new phone. We will be pricing the 16GB model at $700. It will be made available within two or three days and will be factory unlocked,” says Ziad Usman a grey market operator who posted his advertisement in Dubizzle.

Another trader who has also listed his advertisement in another UAE-based classified website says he plans to bring in a 64GB model and plans to sell it for Dh6,000. “You will get the phone in hand on September 23. I also have many units of the iPhone4S, iPhone4 and older models,” the dealer said.

This website had reported earlier about classifieds in the UAE filled with advertisements with iPhone users trying to sell off their old models.

The numbers have further increased during the last 10 hours and ever since Apple announced its new iPhone5.

Prices have been dropping by the hour and today an old iPhone is selling for as low as Dh850.

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