Real Estate News Bytes
DUBAI, United Arab Emirates – The main property unit of Dubai World has been given control of another real estate company run by the indebted state conglomerate.
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Dubai World’s Nakheel property arm gets control of Limitless real estate unit in reshuffle
Dubai has given developer Nakheel, part of a $24.8 billion debt restructuring at its parent Dubai World, enough funds to repay a $980 million Islamic bond due on May 13, Nakheel said.
Times Online Dubai World in new offer to creditors Times Online The banks are unwilling to take on real estate assets to cover the debt.
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Dubai World in new offer to creditors – Times Online
Dubai Debts Prompt Review of Islamic Finance Australia.TO BEIRUT, Jan 13 (IPS) – 'The World', a manmade archipelago off the coast of Dubai , developed by the Nakheel real estate company – which partly relied on the … and more
ArabianBusiness.com Dubai ruler signals confidence in Dubai World head Reuters The conglomerate staved off a $4.1 billion bond default by its real estate unit, Nakheel [NAKHD.UL], after receiving a $10 billion bailout from the … Dubai's Ruler OKs 2010 Budget,Deficit Seen At AED6B Wall Street Journal Dubai projects 16.9% budget deficit in 2010 AFP all 38 news articles
7DAYS Dubai World to request standstill through to end-April within next two weeks Financial Times That means the standstill will apply to real estate developers Nakheel and Limitless, in addition to Dubai World's own HoldCo debt. … Dubai is Not Alone… Sovereign Society all 27 news articles
Dubai's DP World seeks London listing Independent … by its Nakheel real – estate subsidiary.
BBC News Dubai financial uncertainty overshadows tower opening AFP The talks followed Dubai World's payment of 4.1 billion dollars in maturing bonds owed by its real estate arm, Nakheel, thanks to Abu Dhabi's help. ..
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Dubai financial uncertainty overshadows tower opening – AFP
Grounds reaches for the sky with Dubai Vegas punt The Australian …
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Grounds reaches for the sky with Dubai Vegas punt – The Australian
Telegraph.co.uk The Dubai model Trinidad & Tobago Express Dubai's real estate industry was driven mainly by the government-owned company Dubai World (the holding company for Dubai's government's port, … Unpaid contractors join queue for Dubai's cash Financial Times Abu Dhabi gives $10b to Dubai for debt payments Tehran Times Stocks, Futures Rebound as Dubai Gets Nakheel Funds; Oil Falls Bloomberg MarketWatch
