Just when you thought the American real estate industry was in trouble, news from Dubai suggests things are not much better there. IN the past two years some 200 plus real estate projects have been canceled according to the Real Estate Regulatory Authority there. RERA reviewed some 450 projects, only 237 of which seem destined for completion.
Dubai Real Estate – Not Dried Up Yet
June 14, 2011 by Phil Butler
Filed Under: US Real Estate, World Real Estate Tagged With: Barclays Bank, Dubai, Dubai debt, Dubai development, Dubai real estate, Jones Lang LaSalle, RERA, UAE debt, UAE real estate
