The Debt Crisis in Dubai
Economisch Statistische Berichten SDU, 2010
3 Pages Posted: 18 Jun 2011 Last revised: 22 Aug 2011
Date Written: January 8, 2010
After a historically long economic high-growth period the real estate sector in Dubai was hit hard in November 2009. Earlier that year, Dubai's oil-rich neighbour Abu Dhabi supported Dubai with financial aid. A number of facts shows that the debt problems of Dubai remain a concern for the United Arab Emirates. Several transmission channels are discussed along which a Dubai debt crisis can impact global developments.
Note: Downloadable document is in Dutch.
Keywords: real estate, oil-exporting countries, United Arab Emirates
JEL Classification: F41
Suggested Citation: Suggested Citation