Tuesday 10 August 2010

TAKING STOCK: Dubai's Moment Of Schadenfreude - WSJ.com

When Dubai's borrow-and-build business model imploded so spectacularly, the cries of "told you so" from Abu Dhabi could be heard far along the Sheikh Zayed motorway that connects the two cities.

But more than 12 months on, it's Abu Dhabi's property market that's now starting to creak and that emirate's stock exchange that's wilting.

You can excuse Dubai its moment of Schadenfreude.

No comments:

Post a Comment