Abu Dhabi bailout does little to dampen concerns about Dubai real estate market

[MyCondoNow]

Abu Dhabi's $10 billion bailout of troubled Dubai will do little to rescues its beleaguered property market or to tempt overseas buyers back to the emirate until late 2011 and beyond, it is claimed.

Dubai's ailing property market had shown tentative signs of recovery in recent weeks after prices fell by up to 50% in the last year but when state backed Dubai World sought a standstill on debts of $26 billion that dealt a serious blow.


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