Dubai vows to keep building despite global crisis – Telegraph

Louise Armitstead reports on Dubai and the Financial Crisis

“Mohammed Ali Alabbar, a member of Dubai’s executive council and chairman of Emaar Properties, said the emirate’s borrowings amounted to $80bn against assets of about $350bn. He insisted: “The government can and will meet all its obligations.”

……..We’ve been seeing a softening in property prices and that may not be bad. The market was overheated and a correction is a sign of a mature economy…..”

Read more of this article @ the [SOURCE: – Dubai vows to keep building despite global crisis – Telegraph].

2023 WLA Professional Awards registrations close on Friday, March 17, 2023, at 11:59pm London, UK.
About Damian Holmes 5672 Articles
Damian Holmes is the Founder and Editor of World Landscape Architecture (WLA). He is a registered landscape architect (AILA) working in international design practice in Australia. Damian founded WLA in 2007 to provide a website for landscape architects written by landscape architects. Connect on Linkedin at