Even Dubai is Feeling the Pinch

Cityscape, Dubai's annual real estate showcase, paints a rosy picture of the booming city. But even Mideast moguls aren't immune from the global financial crisis.

1 minute read

October 7, 2008, 12:00 PM PDT

By Tim Halbur


"Dubai property prices have rocketed in the few years since the United Arab Emirates opened its market to foreigners. However, sky-high oil prices that have long fed the region's economic boom are falling back. Borrowing costs have soared amid a regional credit crunch. The government has been investigating a handful of the city-state's top real-estate and lending firms. And international and domestic investors are taking money out of the region's once-frothy stock markets.

Still, exhibitors inside the show's sprawling exhibition halls presented an optimistic picture."

Tuesday, October 7, 2008 in The Wall St. Journal

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Close-up of "Apartment for rent" sign in red text on black background in front of blurred building

Trump Administration Could Effectively End Housing Voucher Program

Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

April 21, 2025 - Housing Wire

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 23, 2025 - Diana Ionescu

Ken Jennings stands in front of Snohomish County Community Transit bus.

Ken Jennings Launches Transit Web Series

The Jeopardy champ wants you to ride public transit.

April 20, 2025 - Streetsblog USA

Yellow electric school bus with preteen students exiting.

California Invests Additional $5M in Electric School Buses

The state wants to electrify all of its school bus fleets by 2035.

April 25 - Associated Press

City Hall building in Austin, Texas.

Austin Launches $2M Homelessness Prevention Fund

A new grant program from the city’s Homeless Strategy Office will fund rental assistance and supportive services.

April 25 - Spectrum Local News

Brick school building with mid-sized tree on front lawn.

Alabama School Forestry Initiative Brings Trees to Schoolyards

Trees can improve physical and mental health for students and commnity members.

April 25 - Governing