Dubai-based global real estate developer Limitless said infrastructure work at its mixed-use Downtown Jebel Ali (DJA) project has reached a major milestone, with deep utilities work complete on half of the the two-million-sq-m mixed-use project.
Dubai-based global real estate developer Limitless said work is progressing well at its Dh2-billion ($544 million) Halong Star development in Vietnam with infrastructure contracts due to be awarded over the next few days.
Leading developer Limitless has awarded a Dh227.5-million ($62 million) contract to UAE-based Eastern International for the construction of two key residential towers at The Galleries in Downtown Jebel Ali, its 2-million-sq-m master development
Dubai-based real estate developer Limitless has confirmed that its early payment of Dh2.07 billion ($563 million) to banks and trade creditors will take place on Saturday.
The announcement follows last week's announcemen
Dubai-based real estate developer Limitless will make an early payment of Dh2.07 billion ($563.6 million) to banks and trade creditors this month, following the successful conclusion of its restructuring agreement with lenders.
Dubai-based property developer Limitless is set to complete a drawn-out debt restructuring after the final dissenting creditor sold its share of the company's Dh4.45 billion ($1.2 billion) debt, sources with knowledge of the matter said on W
Dubai-based integrated real estate development company Limitless, has announced that groundwork is underway at Halong Star, a $550 million joint venture residential and tourism project being developed in Halong Bay, Vietnam.
A debt restructuring for Dubai-based developer Limitless moved closer after Silver Point Capital sold its share of the Dh4.45 billion ($1.2 billion) debt last month, two sources involved in the process said.
A minority of creditors are resisting attempts by Dubai government-owned property developer Limitless to seal a restructuring on around Dh1.9 billion ($517 million) in bank debt, three banking sources said.
Dubai real estate developer Limitless will repay Dh2.07 billion ($564 million) to bank and trade creditors and has secured the assent of almost 90 per cent of banks to extend its remaining debt to December 2018, it said on Monday.