Dubai housing crash in 2009

2009 Dubai housing crash was a major economic crisis that hit the Emirate of Dubai, one of the seven emirates that make up the United Arab Emirates (UAE). The crisis was sparked by the global financial crisis of 2008, which severely impacted Dubai's economy, particularly its real estate sector.[1] The crisis was caused by several factors, including oversupply, speculation, and easy credit.[2]

  1. ^ "What is Dubai Crisis 2009? - GKToday". www.gktoday.in. Retrieved 2023-04-13.
  2. ^ Group (2011-01-12). The Report: Dubai 2015. Oxford: Oxford Business Group. ISBN 978-1-910068-24-3. {{cite book}}: |last= has generic name (help)