https://issuu.com/accountantme/docs/accountant_fmarch_2013_low_res_for_web/70

HORROR stories of falling into the debt trap in the UAE and wider Gulf have been well-documented since the crash of 2009: businesses unsupported by insolvency protection; individuals with existing loans suddenly left with no job; one-way air tickets and dusty cars abandoned at the airport. Many who bought homes off-plan late into the housing market boom