Awards for Excellence 2009: United Arab Emirates

Dubai’s real estate boom finally came to a shuddering halt. In the first three months of this year, for example, residential real estate prices fell an average 41%, according to property consultants Colliers. Many of its leading companies face refinancing difficulties, while it remains to be seen what impact the property market crash will have on its banks.

Global Awards for Excellence
Middle Eastern Regional Awards of Excellence
Bahrain Egypt Iran
Jordan Kuwait Lebanon
Oman Qatar Saudi Arabia
UAE

Best Bank: National Bank of Abu Dhabi
Best Investment Bank: JPMorgan

Dubai’s real estate boom finally came to a shuddering halt. In the first three months of this year, for example, residential real estate prices fell an average 41%, according to property consultants Colliers. Many of its leading companies face refinancing difficulties, while it remains to be seen what impact the property market crash will have on its banks.

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