It’s not a surprise that with the global economy in recession some big firms have stopped the construction and developing of hotels around the world. However, in the second quarter of 2009, there could be a chance for funding hotels in Dubai.

There were multiple projects in Dubai and in the nearby regions, but they were postponed with the economical crisis. There was a significant reduction of funds to developers and projects were canceled.

However, it seems that the second quarter of 2009 looks more promising for new developments. If banks start lending money to developers, the projects that were in stand by might finish what they’ve started before the recession.

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