International Property Investment » australia dubai world http://internationalpropertyinvestment.com Property Investment around the World - Buying Investment Properties Mon, 30 Apr 2012 18:28:08 +0000 en hourly 1 admin admin International Property Investment Blog No No Australian Property Investment – Implications of the Dubai World Crises http://internationalpropertyinvestment.com/australian-property-investment-implications-of-the-dubai-world-crises http://internationalpropertyinvestment.com/australian-property-investment-implications-of-the-dubai-world-crises#comments Mon, 30 Nov 2009 07:32:40 +0000 Elisabeth Sowerbutts http://internationalpropertyinvestment.com/?p=3611 So the emperor with no clothes in Dubai has finally been seen for what it is. News that Dubai World - who brought you such extravagances as "The World" artificial island not to mention the world's highest skyscraper - has asked its bankers to give it a 6-month holiday from mortgage repayments. (Note to self - must try this with my mortgage provider!). The Australian stock market reacted on Friday with a rather predictable "crash" of some 3%. However by Monday after noon the ASX200 was back up 2.5% Australian investors having discovered that no major Australian bank was exposed to Dubai's toxic real estate market. And that the United Emirates (of which Dubai is a member state) have come to the party guaranteeing individual states.

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