March 12, 2009
It appears Dubai is not the only emirate facing financial issues, and another UAE developer has gone broke causing many British investors to lose their money. The British were enamored of the idea of making a fortune in property investments in the UAE, using money from “equity release” programs on the British property. As the British property market contracts and house values in the UK fall, a similar fate is befalling their traditional investment markets in Spain, France, the UAE and Cyprus.
More on More Bad News for British Property Investors in the UAE
