Thursday 28th May 2009

An article from The Telegraph Online discussing how the property market in Dubai has crashed and left many people, but mainly Britons, in severe financial crisis because they have invested so much.

Hundreds of millions of pounds is thought to be at risk and the boom which Dubai enjoyed for so many years is now thought to be over.

Work has stopped on many sites and no one is sure when, or if, work will begin on these again.

It is part of the economic crash now affecting the entire world; especially those which have largely been built and developed with foreign money.

Read the full article: http://www.telegraph.co.uk/news/worldnews/middleeast/dubai/5368374/Britons-face-losing-savings-as-Dubai-property-market-collapses.html

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