DAMAC, a UAE-based property developer, sold a $400 million Islamic bond.
DAMAC has successfully sold an Islamic bond worth $400 million, which was heavily oversubscribed and carries a profit rate of 7.25%.
February 7, 2023
Sheikh Mohammed bin Rashid reflects on ‘unprecedented’ UAE property boom
Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates (UAE) and the Ruler of Dubai, recently reflected on the recent property boom in the UAE. According to reports, Sheikh Mohammed stated that the boom was “unprecedented” and had a significant impact on the country’s economy. He praised […]