Relevant:
- Dubai Islamic Raises Tamweel Stake as Dubai Seeks Mortgage Lending Revival
- Dubai Offers Dubai World $9.5 Billion in New Funds
- Dubai Holding Gets $2 Billion Fresh Capital From Government
- Dubai’s $330 Billion Deferred Buildings Impose Fees
- Dubai Third-Quarter House Prices Fall 6% on Reduced Lending, Colliers Says
2010-06-30 — bloomberg.com
"Real estate prices in Dubai fell by about 50 percent because of the financial crisis, prompting some homeowners to stop paying off their mortgage and leave the country. Barclays Plc won Dubai’s first foreclosure cases in court under a 2008 mortgage law, setting a precedent for lenders holding about $16 billion of Dubai home loans to take action when borrowers default."
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