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2/12/24, 9:30 AM Dubai’s Union Properties enters into Dh1.2 billion debt settlement with Emirates NBD, Dubailand | Property – Gulf News
Dubai’s Union Properties enters
into Dh1.2 billion debt settlement
with Emirates NBD, Dubailand
Dubailand will provide an NOC to repurpose parts of developer's Motor City Master plan
Published: February 09, 2024 19:16 Follow us
Dhanusha Gokulan, Chief Reporter
These settlements, according to the developer, stand as a monumental achievement for Union Properties
Company.
Image Credit: Virendra Saklani/Gulf News
Dubai: Dubai’s listed developer Union Properties PJSC, on Friday, announced a
breakthrough in its 'legacy debt' restructuring challenges by entering into a
settlement with EmiratesNBD and Dubailand for Dh1.25 billion.
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