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Where have more than half of the real estate projects been abandoned? You'd be surprise, but we're not even talking about the United States. We're talking about oil-rich Dubai.
Guess how Dubai got into such financial trouble? Yep, excess borrowing and over development. Does that sound familiar? Dubai is in such a bind that it had to borrow $10 billion from The United Arab Emirates. The loan will help Dubai to meet its financial obligations and continue its development program.
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