Dubai’s real-estate saga: far from over?
Dubai remains on course for a slow recovery one year after its debt crisis shocked the world.
November 29, 2010 3:43 by shafeer
The crisis in Dubai truly emerged late last year, just over a year ago in fact, when Dubai World requested a standstill on $20 billion worth of debt.
The emirate is now stuck with an over-supply of some of the world’s most extravagant real-estate units that, as yet, few people want to buy or rent.
Source: Al Jazeera