Nakheel borrows 17 billion dirhams from local banks as Dubai real estate boom

Dubai real estate developer Nakheel said today, Tuesday, that it has secured 17 billion dirhams ($4.63 billion) in financing from local banks, and will use it in new projects, including the “Dubai Islands” and other projects to develop the waterfront. The developer of palm-shaped islands off the coast of Dubai said the financing came from … Read more

3 Emirati banks arrange a huge loan for the Emirati company “Nakheel”

Nakheel, the developer of Dubai’s artificial islands, intends to raise a loan of about 17 billion dirhams ($ 4.6 billion) to refinance existing debts, according to Bloomberg, citing sources, and seen by Al Arabiya.net. The sources said the company is seeking financing from a group of lenders including Dubai Islamic Bank,Emirates NBD Bankand Bank Al … Read more

Emirates News Agency – Nakheel sponsors the “Godolphin Mile” race within the “Dubai World Cup”

Friday, March 25, 2022 – 5:55 PM DUBAI, 25th March / WAM/ Nakheel Company is sponsoring the “Godolphin Mile” run in the Dubai World Cup, which will be held tomorrow. The exciting Class 2 race on the world’s most expensive evening of horse racing begins at 4:20 pm and extends over 1,600 meters or one … Read more