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

Abstract

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

Peeters, Marga, The Debt Crisis in Dubai (January 8, 2010). Economisch Statistische Berichten SDU, 2010. Available at SSRN: https://ssrn.com/abstract=1854904

Marga Peeters (Contact Author)

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

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