Has anyone here seen any articles regarding the residential component of bank lending exposure in Dubai? The reason I ask is that there has been so much focus lately on Dubai's commercial debt issues, yet we are seeing effectively nothing regarding the potential residential lending exposure/impact in the region. A number of entities have financed the purchase of properties by individuals, and it is quite likely that the portfolio is not performing all that well. I can think of at least one international lender that offers financing on Dubai "investment properties" to residents of other countries. I'm not certain what sort of LTV financing was available in Dubai, but a 50% decline in property values should certainly impact that form of lending, with a further 20% decline forecast for next year. Any thoughts? Bloomgerg source re: declines in property value: http://www.bloomberg.com/apps/news?pid=20601087&sid=aragJ5j5qfUE