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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

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.

Read more: Dubai’s debt; Under construction

Source: Al Jazeera

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