Dubai Holding Makes Strategic Debt Move to Capitalize on Thriving Real Estate Market

Dubai Holding Makes Strategic Debt Move to Capitalize on Thriving Real Estate Market

Arabian Post -Dubai Holding, the investment conglomerate owned by the Dubai ruler, has undertaken a significant financial maneuver. They refinanced an $8.2 billion loan to consolidate debt held by two state-backed developers, Nakheel and Meydan, which they absorbed last month. This strategic move positions Dubai Holding to capitalize on the current boom in Dubai’s real estate market. The refinancing replaces older loan facilities with potentially more favorable terms, offering […]

via Dubai Holding Makes Strategic Debt Move to Capitalize on Thriving Real Estate MarketArabian Post -

Dubai Holding, the investment conglomerate owned by the Dubai ruler, has undertaken a significant financial maneuver. They refinanced an $8.2 billion loan to consolidate debt held by two state-backed developers, Nakheel and Meydan, which they absorbed last month. This strategic move positions Dubai Holding to capitalize on the current boom in Dubai’s real estate market.

The refinancing replaces older loan facilities with potentially more favorable terms, offering Dubai Holding greater financial flexibility. Emirates NBD Bank and Mashreqbank are underwriting the new loan, according to sources familiar with the matter. These sources requested anonymity due to the private nature of the information.

This financial operation follows Dubai Holding’s recent acquisition of Nakheel and Meydan. The merger created a real