29.09.2010 - Dubai canceled half of planned property projects on low demand
From Bloomberg: Dubai’s government canceled almost half of the real estate projects planned in the emirate after the credit crisis caused demand to collapse and a housing glut drove down home prices. Out of 980 registered projects, 495 were scrapped or are in the process of being cancelled by the emirate’s Real Estate Regulatory Agency the government said in a bond prospectus posted on the London Stock Exchange website yesterday..............................................Full Article: Source
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