For the first time Dubai has revealed its level of debt in relation to its sizeable assets.
According to one of Dubai's top property leaders, the emirate has $80 billion of debt outstanding against a total asset base of $1.3 trillion.
A full description can be found at this link:
Louise Armitstead, Dubai Reveals Debt Levels to Dispel Fears Over Growth, Telegraph, 24 November 2008.
Dr Geoff Pound
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