Dubai stuns global investors by calling for a debt ` ` standstill '' on Dubai World and Nakheel ' . Market reactions restrained by public interest in the Middle East and the U.S. Dubai is Dubai World 's real estate arm , owns ` ` The Palm ##s , '' and ` ` The World '' Dubai World said to account for $ 59 billion of Dubai 's $ 80 billion debt .
Dubai stuns global investors by calling for a debt `` standstill '' on Dubai World and Nakheel debts . Market reactions restrained by public holidays in the Middle East and the U.S. Nakheel is Dubai World 's real estate arm , owns `` The Palm Islands , '' and `` The World '' Dubai World said to account for $ 59 billion of Dubia 's $ 80 billion debt .