Nakheel made a Dhs2.02 billion ($550 million) profit last year, on revenue up 91 per cent to 7.8 billion.
The two-tranche bond includes a $500 million 30-year conventional bond and a $750 million 10-year Islamic bond.
The sector is receiving interest from investors because of double-digit growth.
The emirate issued a $750 million 10-year sukuk, as well as a $500 million 30-year conventional bond.
Around 14,000 people are now employed in the Dubai International Financial Centre.
The company, which is expanding rapidly, aims bid for Egypt supermarket chain Metro in the first quarter of 2013.
The firm is currently in the process of a complete takeover by Dubai Islamic Bank.
The government has mandated four banks to arrange the Islamic bond, according to sources.
The emirate’s property market posted a strong recovery in 2012 with upward trends for sales and leasing, says CBRE report.
The airline operates the largest A380 fleet globally and will be “a powerful tool” to further Dubai’s bid.
The 55-level development includes 280 residences and is part of the Dubai Mall expansion project.
More than 40 per cent of flydubai’s new routes last year concentrated on CIS and Central and Eastern Europe destinations.
The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.
Regional airports were warned today to remain vigilant from ever-present security threats.
The mortgage lender is in talks with a creditor committee and Dubai’s largest banks.
The Dubai developer has denied reports it is planning to list its malls business.
Emirates Hills comes joint top with the Palm in poll by local property portal.
A new AED300 million project underway includes seven floors of new offices for international organisations
Tim Clark tells Gulf Business the airline industry will continue to face problems in 2013.
The bank plans to slash 1,600 jobs globally to reduce costs.
Once the refurbishment of Terminal 1 is complete next year, it will be linked via a new elevated train system to Concourse D, which is currently under construction.
The emirate has just opened the world’s first airport terminal purpose-built to handle Airbus A380 planes.
The world’s number one golfer parts ways with the Dubai hotel group as Nike beckons.
Dubai’s biggest bank will offer 1.5 billion shares at Dhs1 each between January 25 and February 3.
The emirate plans to form a committee to work on six major initiatives under the project.
The emirate’s residential property index jumped 13.46 per cent in 2012.
The company has launched it’s first store outside the Middle East in London.
The proceeds of the sukuk will be used to refinance existing debt and to invest in company projects.
The number of stores at the adjacent shopping centre is set to rise from 200 to 350 this year.
The proceeds will be used to settle trade creditor claims against the Dubai developer.