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

Tags: debt crisis dubai, dubai crisis, dubai one year, dubai one year on, dubai world one year, dubai world one year on, Dubai year after debt crisis, Dubai’s building boom, dubai’s Nakheel projects, Dubai’s over supply building projects, Dubai’s real estate, Dubai’s real estate boom, dubai’s slow recovery, real estate projects dubai

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