TIMELINE-Dubai Holding unit posts $6.2 bln 2009 loss

June 1 (Reuters) - Dubai Holding Commerical Operations Group (DHCOG) posted a $6.2 billion loss for 2009 due to Dubai's property crash, marking the latest setback to the emirate's finances. [ID:nLDE65003U]

Below is a summary of key events in Dubai's debt problems:

2004 - Bubble conditions appear in Dubai's credit and real estate sectors; developers flood the market with ambitious projects through easy access to bank financing.

2008 - Dubai government launches $4 billion medium term notes (MTN) bond programme; property prices peak.

2009

FEBRUARY - Dubai launches $20 billion in bonds, easing default worries, and UAE central bank subscribes to $10 billion.

APRIL - Dubai hires investment bank Rothschild [ROT.UL] to advise on $20 billion support fund to help indebted companies.

JUNE - Dubai World hires turnaround experts AlixPartners to help with restructuring.

SEPTEMBER - Dubai World says talking with core banks to reschedule $12 billion of debt. Nakheel's overseas properties transferred to Istithmar World, Dubai World's private equity unit.

OCTOBER - Dubai World says organisational restructuring nearly over and will save $800 million over three years; cuts global workforce 15 percent.

Dubai government issues $2 billion Islamic bond.

NOVEMBER

Dubai ruler says emirate has Abu Dhabi backing.

25 - Dubai government issues $5 billion bond to two Abu Dhabi-controlled banks. Shortly afterwards, government says Dubai World to request six-month standstill.

26 - Dubai government says ports operator DP World excluded from Dubai World restructuring.

DECEMBER

14 - Dubai pays Nakheel's $4.1 billion bond in full after Abu Dhabi offers $5 billion in last-minute bailout.

21 - Creditors meet with Dubai World for the first time after standstill announcement and form coordinating committee.

2010

JANUARY

20 - CEO of Dubai World unit Istithmar World, owner of Barney's New York, resigns in management reshuffle.

MARCH

29 - Dubai Holding considering restructuring up to $20 billion in debt, FT reports.

APRIL

End of month - Abu Dhabi financial aid runs out; Dubai World's informal deadline for plan to creditors.

MAY

13 - Dubai repays $980 million Islamic bond issued by Nakheel, which says has received 50 percent approval from its trade creditors as part of restructuring proposal

19 - Arabtec ARTC.DU, UAE's largest construction firm by market value, says signs on to Nakheel's debt repayment offer

20 - Dubai World says has reached initial deal on restructuring with core creditors.

27 - Dubai Intl Capital says seeks three-month debt delay

31 - Dubai World unit Drydocks World says it is in talks with banks to restructure $1.7 billion in debt maturing in November next year.

JUNE

1 - DHCOG posts $6.2 billion loss for 2009

Dubai World $2.1 billion loan due to mature.

(Compiling by Raissa Kasolowsky, Rachna Uppal and Jason Benham; Editing by Michael Shields)