View of part of the Fujairah Corniche and the Hajar Mountains in the Background

Monday, November 24, 2008

Dubai Reveals Level of Debts and Assets

For the first time Dubai has revealed its level of debt in relation to its sizeable assets.

In Brief
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.

In Detail
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