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The final quarter of 2009 has seen the continued stabilisation of rents, a trend that was first witnessed during the summer period. Increased confidence in the property market and tightening stock levels are the main reasons behind this trend, ending...
With the stock markets bouncing around like ping pong balls and every body waiting with baited breath to see if Abu Dhabi steps in with a bailout (they are certain to), the rumor mill is working overtime. One rumor that seems to be coming true is that...
The big “news” this week is obviously the Dubai situation, although we would hesitate to call it “news,” as the Dubai bubble has been obvious for some time and Dubai’s $80 billion default is just the icing on the cake. The only real surprise...
Now that the Dubai situation is becoming more clear, it is worth looking at the worldwide repercussions of this. Whether Dubai will actually default on some $80 billion in outstanding debts is still an open question, but Dubai World, the government...
Dubai World, owned by the Dubai government has requested a delay in payment of around $35 billion of debt. This comes as no great surprise to us, as we have been discussing the eminent collapse of Dubai for some time now. but appears to have been a...