(FILES) — A general view taken on 07 Ap

(FILES) -- A general view taken on 07 April 2006 of Dubai's Marina area shows several high-rise buildings being built by UAE-based EMAAR, the world's largest real estate company in terms of market capitalisation. Dubai's debt woes spread from the stock market to the corporate sector on December 9, 2009, with giant property developer Emaar cancelling plans to merge with state-owned Dubai Holding, describing the link-up as unfeasible. The decision by Emaar, developer of Burj Dubai, the world's tallest building, appears to reflect ebbing investor confidence in the debt-ridden emirate. AFP PHOTO/RABIH MOGHRABI (Photo credit should read RABIH MOGHRABI/AFP/Getty Images)

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