Crunch Literature Reviews Samples For Students

How has the current economic environment and the financial crisis of 2008 affected the real estate market in Dubai

It is now beyond doubt that Dubai and the entire Gulf region were affected by the global financial crisis of 2008. However Dubai has now managed to come back from the negative impact of the recession. This has translated into a recovery of the real estate market beginning the year 2010. Demand for properties has been on the rise as the economy began reviving and more employment opportunities being created. The point of concern in this paper is to review several literature materials in relation to the extent in which the market has been affected by the recent economic situation ...

Dubai and other countries found in the gulf region are among the countries that were affected by the global financial crises that took place in the year 2008(Zaki, 2012). According to Zaki, Dubai is one of the countries that have managed to eliminate the negative effects of the word recession. This can be confirmed from the fact that recovery in the real estate investment has been witnessed. Many people have started investing in real estate’s as before. The demand for houses in Dubai has increased and this is what has facilitated the motivation to engage in investment ...

Literature Review:

The Global Financial Crisis took over the global economy in July 2007 due to the credit crunch, particularly when US investors lost confidence in the value of sub-prime mortgages thereby causing a liquidity crisis. As a result, the US FEDERAL BANK invested large amounts of funds into financial markets. The crisis had worsened by September 2008 with global stock markets crashing and becoming extremely volatile (Eves, 2010). The housing sector of the US saw majority of home owners, who had drawn out sub-prime loans, unable to make their mortgage repayments. With values of homes dropping sharply, the borrowers were left with ...