Real Estate

According to Reuters, now that Dubai has won the bid to host the 2020 World Expo, the result will be billions of dollars of investment in the emirate, although there is a risk of a repeat of the boom-and-bust cycle which nearly caused financial collapse just a few years ago.The emirate nearly defaulted on its debt four years ago after the burst of the real estate bubble which causes property prices to crash over 50 percent between 2008 and 2010.

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