The move reflects a rebound in investor confidence in the JLT development, says chairman.
Dubai house prices posted the fastest year-on-year rise of any of the world’s major markets in January-March, soaring 27.7 per cent.
Arabtec shares dropped 2.4 per cent, a much smaller fall than the 7.8 per cent drop on Tuesday.
JP Morgan is acting as the global coordinator for the bond sale.
Arabtec shares have plunged 30 per cent in the last four days as a major shareholder, Aabar, cut its stake in the company.
The café, themed around Spanish club Real Madrid, is located in The Beach Mall in JBR.
The 10-year sukuk received orders worth more than $5.4 billion.
The Dubai carrier cancelled its entire order of 70 A350 XWB aircraft following a “fleet requirement review”.
The developer said it has instructed Deutsche Bank to make the payment on the due date of June 15, 2014.
The $750 million Islamic bond received orders worth more than $5.5 billion from investors.
Share prices in Dubai builder Arabtec fell 24 per cent in the previous three sessions.
Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.
Stalled during the global financial crisis of 2009 and afterwards, here are five marquee construction projects that are now up and running again.
Arabtec, which had more than tripled in value this year, saw share prices dropping 24 per cent this week.
The popular Pakistani singer launched his new album in the city on Monday.
The offices, located at the Business Park Free Zone, will include small, medium and large units.
The UAE’s central bank warned that the emirate’s property market might be overheating.
Villas from the Dhs7 billion residential project will be handed over to buyers in December 2014.
The potential benchmark sukuk comes ahead of plans by Emaar Properties to sell a quarter of its unit to the public.
Shangri-La will manage the 52-level luxury hotel in Nakheel’s Palm Tower development.
A terrorist attack killed at least 27 people in Karachi’s Jinnah airport on Sunday.
House prices in Dubai soared 27.7 per cent from a year ago in January-March.
The world’s tallest commercial tower, the ‘Burj 2020’ will form the centerpiece of the development.
Prices for the units at NAIA hotel, located on Damac’s 1.3km AKOYA Drive shopping strip, start at Dhs680,000.
With the emirate’s healthcare market booming, hospitals can operate at 80 per cent occupancy rates by 2020, finds Colliers report.
The meetings will be held in Asia, Europe and the Middle East and the sukuk will be sold afterwards, subject to market conditions, Emaar said.
The 10 highest-valued mega-developments in the emirate, according to a report by MEED.
The agreement with DIB was made official about two weeks ago, a senior official from the Indonesian bank has said.
The Dubai developer has joined hands with Germany-based real estate brokerage company Engel and Völkers (E&V).
The first phase of the redevelopment has been completed, and includes new stores and an upcoming leisured component.