The developer said it has instructed Deutsche Bank, the registrar and paying agent for the sukuk, to pay the amount to trade creditors.
The lifestyle development, located within DWC, will include a golf course, hotels, retail outlets and a business hub.
The $1 billion project will offer 479 rooms and suites and 222 Viceroy Residences with sea views.
When completed formally next month, the sale will be one of the largest UK property deals ever.
Holiday homes market will allow property owners to lease out on a periodic basis while broadening visitor accommodations.
The construction contracts have been awarded for Azure Residences and Club Vista Mare.
The Dubai developer is now valued at $2.65 billion.
The Dubai developer has asked property agents not to resell off-plan properties until the unit is completed and handed over
Property ownership remains a distant dream for many Saudi nationals, writes Syed Hussain.
A negative Expo result for Dubai may cause a short-term dip in sentiment levels, added the CBRE report.
The deal is scheduled to price on Tuesday so that trading can begin on Wednesday.
Prime residential rents for new leases in Abu Dhabi were flat in the second quarter of this year after growing eight per cent in Q1.
Dubai expats’ housing allowance levels lag when compared to the sharp rise in rents and inflation.
The plots are priced between Dhs1.1 million to Dhs3.3 million, the developer announced.
The developer will hold investor meetings in the UAE, Singapore, London, Hong Kong and Switzerland.
New government regulations in the emirate are starting to take effect, says new report.
Aldar’s latest properties will add on more units in Abu Dhabi’s Shams neighbourhood.
Banks who violate the new rule should be fined and suspended, says Abdulaziz al-Ghurair, head of the UAE Banks Federation
House prices in the emirate have jumped over 20 per cent in the last year, prompting the IMF to warn in July of the risk of another bubble forming.
Repeat holidaymakers and executives can now buy a slice of Penthouse luxury living.
The Abu Dhabi builder made a profit of Dhs407.5 million compared with Dhs205.7 million in the corresponding period of 2012.
Oman began to introduce Islamic finance last year, becoming the last of the six Gulf Cooperation Council states to do so.
The Bahrain company bought high-end offices and retail space in greater Chicago, Los Angeles, Minneapolis and New York.
Abu Dhabi’s property prices have risen throughout the year as rents have stabilised due to continued demand.
The new portal will provide information on real estate and support stakeholders across the industry.
A new report shows investors from the Emirates favour London, Paris and Geneva for overseas property.
Citigroup and Deutsche Bank are joint bookrunners for the offering.
Dubai’s housing market is rebounding strongly, with prices up over 20 per cent in the last 12 months.
Dubai’s property investors have been seeing a net yield of six per cent in just Q3 2013.
The government’s latest regulation highlights the importance of responsible financing and purges the overactive mortgage providers.