Dubai says has learned lessons from crisis | Reuters:
"Feb 27 (Reuters) - Dubai has learned lessons from the global financial crisis, including the importance of budget discipline and the need to regulate its property market, its Department of Finance said in a research paper published on Thursday.
The paper may help to reassure investors in Dubai as the emirate's asset markets recover rapidly from their 2008-2010 crash, raising concern about the risk of them overheating once again.
When deteriorating global conditions caused a property bubble to burst in Dubai five years ago, prompting home prices to plunge over 50 percent, the emirate nearly defaulted on its debt and emerging markets around the world were hit."
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