Is Dubai broke?

ad_tiger's picture
Submitted by ad_tiger on Mon, 30/11/2009 - 11:37 in
Earned points :15

Recently am hearing a lot in the news about Dubai debts, generally all the TV channels are talking, including the world's best news channels, different points of view, different opinion, and still no one answered the question "Is Dubai broke?".

As far as I can see, Dubai is still in good condition, 2009 was a very difficult year for everyone but still Dubai was able to accomplish alot, Metro Dubai and Burj Dubai are the biggest example, though no one can deny the huge number of canceled projects, but this happen everywhere on the planet earth.
Also there are that talk about Abu Dhabi supporting Dubai "paying Dubai debts", I heard alot of silly things "and am sure many of you does" about Abu Dhabi buying Emirates Airlines, buying Burj Dubai, even heard someone telling that Abu Dhabi will buy Dubai Police Dept, oh common people stop spreading this kind of rumors all over and expect people to believe it.

Can anyone here answer my question now Is Dubai broke? and do we have to expect hard 2010????

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Dubai

Dhabi's picture
Posted by Dhabi

I dont think they are broke, they are having hard time definitely, and yes all the world are talking about it, this is because Dubai for the past 10 years was the world's business spot, Also am sure that Abu Dhabi will support them for the max,

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Mon, 30/11/2009 - 12:02

I think they are not yet

Bigboss's picture
Posted by Bigboss

I think they are not yet broke, but they will be soon, if they did not work it out some how. the debt amount are too high I can even spell it.

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Tue, 01/12/2009 - 15:51

Media got excited about it a

shibu's picture
Posted by shibu

Media got excited about it a bit too much.

Abu dhabi will support dubai and will be ok.

also I think this was just a restructuring of the company Dubai World.

I dont think Sheikh Mohd of Dubai will back off from his long term vision.

after what we have seen in dubai..

Its very impressive.

maybe it was too quick.

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Sun, 06/12/2009 - 22:32

You are right Shibu, Dubai

Dhabi's picture
Posted by Dhabi

You are right Shibu, Dubai accomplished things that no one can do with the same time period, am sure they can work this out.

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Mon, 07/12/2009 - 09:13

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