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2012-12-17 — bloomberg.com

Dubai, gearing up for a new development boom, will need to prove to lenders and investors that this one won't end like the last.

With the same bravura that turned the desert sheikhdom into a hub for finance, tourism and real estate, the government is pitching massive projects in the hope of inspiring investment even as banks and builders remain buried under debt from the property-market collapse in 2008.

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