www.dubaipropertycrash.com

Credit where credit is due (pun intended) – Emaar has opened the long-awaited and much hyped Burj Dubai today. Well done guys – you did it!!
In a surprise move Sheikh Mohammed announced a renaming of the tower. It will now be known as the Burj Khalifa, after the president of the United Arab Emirates and [...]

Today I read the following headlines:
“Encouraging signs for Dubai’s property sector” – Bradley Hope (The National)
“Cash boost for property firms” – Angela Giuffrida (The National)
“Dubai’s real estate industry ‘at low point’ “ – AME Info quoting interview with Ryan Mahoney
Exactly what planet are these people on?
Perhaps they need to build themselves one [...]

We hear that Moody’s Investor Service, a credit ratings agency that assesses credit risks in relation to corporate debt issuers and sovereign nations is considering dropping its debt credibility ratings for six of Dubai’s major companies that enjoy strong state backing. The companies mentioned are: