Dubai's Nakheel repays more cash to lenders


To the best of my knowledge they are paying back a portion of the interest and penalties of which were past due. They are negotiating to delay paying back the actual amount and even the minimum payments due. I have a payment that I am supposed to collect on and I have not collected interest or any thing and it has been 10 years now.

Mhd Shzn

Always believed Dubai's return to a healthy economy would be linked to the return of Nakheel.

May God bless and guide Nakheel to prosperity and in turn bless the patient investors (and victims) who suffered the wrath a global financial crisis.

Dubai is truly back and in growth, mabrook all who held.

Daud Al Zainey

@ Mhd, well, held is the operative word because they are still holding my money and the money of many hundreds of other buyers even though the project is cancelled.


and commiserations to all who went under awaiting their money!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Features & Analysis
Do celebrity branded projects ever work?

Do celebrity branded projects ever work?

The long list of celebrity-endorsed real estate developments...

Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

Most Discussed
  • 4
    Saudi Arabia seeks talks on hiring of Sri Lankan maids

    Better to stop sending house labour to KSA, they will talk many regulation but end of the day no regulation valid to them and they do what ever they wants... more

    Saturday, 30 August 2014 11:51 AM - Bandara
  • 3
    New UAE law to jail and fine those selling fake goods

    Thats great. Will work only if the brand owners introduce measures to identify counterfeits. The current measures of hologram labels etc are obsolete and... more

    Friday, 29 August 2014 6:37 PM - UPITag
  • 2
    Visitor beware

    It is absolutely disgusting to see the level of biasedness in this article and in AB in general.
    You pretty much slammed the entire 5-nations of the... more

    Tuesday, 26 August 2014 2:08 PM - RAH