Dubai will require a combination of debt restructuring, refinancing through long term bond issues and some amount of asset sales to manage its debts maturing in the near term according to analysts.
Even after Dubai Holding restructuring, Dubai will need some asset sales to manage its repayment schedules in the coming two to three years, said Turker Hamzaoglu, economist at Bank of America Merrill Lynch.
Talking to Gulf News last week in Dubai, the Emerging Europe, Middle East and Africa economist of the investment bank said: "Dubai has some almost $18 billion (Dh66.06 billion) to repay in 2011. That's the maximum.
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