Bargain Hunters Take a Look at Dubai | HTML clipboardDUBAI—Amid international worry over Dubai s debt load, property investors are
giving this city state a second look. Last month, Dubai sent global markets into
a swoon after announcing a standstill to debt payments for its flagship
corporation, Dubai World. The group said it would seek to restructure USD 26
billion in debt, including that at two of its property developers, which have
been caught in a real-estate crisis. This week, Abu Dhabi stepped in with a
USD10 billion bailout for the conglomerate, which has helped ease concerns over
Dubai s debt levels. Though a property price rebound may be years away,
real-estate brokers said the international headlines have triggered a bout of
interest by bargain hunters. Detail
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