30.11.2009 - Dubai’s property woes rattle global markets
From Propertyfundsworld.com: News that Dubai World has asked for more time to repay its debts continues to rattle the markets, with traders and property market experts fearing that Dubai's problems could reignite problems elsewhere. Chris De Pury, Commercial Real Estate Partner at Berwin Leighton Paisner LLP, says, “The news of Dubai World raises some serious questions about where the global economy truly is at the present time and, most importantly, the effect this will have on market sentiment.................................Full Article: Source
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