Dubai World's debts grew from projects initiated during Dubai's property boom, including man-made islands in the shape of palm trees and the world's tallest building.
VOA: standard.2009.12.02
Thepropertyboom is being driven by the enormous explosion in the number of potential buyers.
It was a plan by the former Labour government to demolish 90, 000 terraces nationwide, renovate thousands more, and revive the housing market in places that were missing out on thepropertyboom.