Dubai Largest property developer is to pay an additional instalment to creditors it has been reported Nakheel who famously delayed payments to their creditors at the end of 2009 sending shock waves through the Dubai Real estate industry will continue to demonstrate continued commitments to pay back the creditors following a restructuring in Q1 and Q2 of this year, following a payment paid last months of 2.5bn Aed a further payment of 1.5bn aed will be paid next month, it is expected that the company will pay approximately 40% of creditors in cash and the rest will be paid in a tradeable sukuk.

Nakheel are responsible for producing the Eighth wonder of the modern world Palm Jumeirah and other islands synonymous with Dubai like the new manmade island at palm jebel Ali and the World plus significant internal residential developments of Jumeirah Golf Estates, Jumeirah islands and Jumeirah Village developments, so a lot depends on the strength of Nakheels ability to service the loans in order for the Dubai real estate market to recover.

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