Dubai World holding company announced their inability to pay the debts in the amount of 3,65 billion U.S., subject to be paid in December this year. This statement was made on the eve of a religious holiday that has lasted 4 days. And none of American stocks exchanges had been open in those days due to the Day of Thanksgiving. The date for Dubai World holding company announcement had been carefully forethought beforehand in order to give the Emirates' and other stock markets time during the holiday weekend to calm down after such kind of news.

Nevertheless, the essence of the statement itself was enough to make the stock market indexes simply collapse fearing a possible second bounce of the financial crisis. For example, the securities of one of the largest regional banks - National Bank of Abu Dhabi initially dropped in price by more than 10%. Naturally, such a fall in the Emirates, which are considered to be an “investments heaven", could not result different than causing a quake on the western markets.

However, neither the announcement of Dubai World holding company, nor the strong fluctuation of the western markets had no impact on the Turkish stock market. On the contrary, on the date of announcement the index of Istanbul Stock Exchange “IMKB” rose by 1% and closed for the 4-day holiday weekend.

Of course, we can agree that the holiday weekend saved the Turkish stock market from decline. But taking into account the continuous rise of the stock market rates, we can conclude that the stock market in Turkey has found its stability and is not affected by such a fluctuation. The same conclusion may be reached if we take into account that Turkish stock market and real estate in Turkey did not show negative reaction to the stock-market decline in Dubai – the magnet for the world wide property investments.

In other words - a real estate investors had better consider the stability of the Turkish market and make a decision to buy property in Turkey.