Now Dubai World is faced with selling properties at heavy losses to raise money.

VOA: special.2009.12.04

Dubai's Emaar Properties, which is building the world's tallest tower in Dubai, has invested more than half a billion dollars in an Indian joint venture.

FORBES: Magazine Article

Farnood insisted that he had already paid his debts, as his properties in Dubai and Kabul were confiscated.

BBC: Sherkhan Fe=arnood at his hearing

Dubai World still owns properties in New York, including 450 Lexington Avenue, The W Hotel Union Square, The Mandarin Oriental Hotel and the Knickerbocker on Times Square.

FORBES: Dubai Exits Helmsley Building