DUBAI, United Arab Emirates: The new Dubai developer that unveiled a $95 billion real estate project just two months ago said Wednesday it is reviewing its plans — the latest sign that the souring economy is dampening this brash boomtown’s ambitions.
The retreat comes as a widely watched report showed property price growth in the fast-growing Gulf city-state slowed considerably in the three months through September, ahead of an expected decline later this year.
Dubai retreats on just-announced $95B development - International Herald Tribune
