27.11.2008 - Dubai - built on cheap credit that is now disappearing fast
From Propertywire.com: When Dubai developer Nakheel unveiled the world's tallest tower in a blaze of publicity and flashing lights at Cityscape on Monday October 6th everything looked great for the future of the emirate's property sector. But Wall Street was crashing, five US banks were failing, Iceland was going bankrupt and stock markets around the world were haemorrhaging..... Full Article: Source
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