View of part of the Fujairah Corniche and the Hajar Mountains in the Background

Thursday, September 11, 2008

Could a Fannie Mae and Freddie Mac Housing Collapse Happen in the UAE?

Richard Dean from Business 24/7 asks this question, comparing the booming real estate market in the USA with the frenzy in the UAE.

Dean looks at comparisons and contrasts between the two countries and economies.

Most interesting are his 5 statistics about the UAE housing market.

Link: Richard Dean, Fannie and Freddie: Lessons for UAE, Business 24/7, 11 September 2008.

Dr Geoff Pound

Image: Housing in US and UAE