Stalled Projects Get New Life in Dubai’s Boom - Middle East Real Time - WSJ:
"Hallowed half-built skyscrapers became a constant reminder in 2010 that Dubai’s real estate bubble had spectacularly burst. Almost everything got put on hold, from Nakheel’s ambitious Palm Jebel Ali to the smallest office tower in Business Bay.
Yet as Dubai’s property market flourishes again, increasingly more developers are being paired up with new investors to finish the remnants of real estate excess.
About 4.4 billion U.A.E. dirhams worth of property across 15 projects throughout Dubai have been revitalised so far by a government-led scheme called Tanmia – that links new developers with old ones that don’t have the balance-sheet strength to finish a project."
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