Nakheel bonds rose to their highest price in more than a year this week as speculation increased that the Dubai Government-controlled developer will repay a US$3.52bn (Dh12.93bn) debt due in December.
Investors in Nakheel’s $3.52bn Islamic bond could profit handsomely if the company pays off the debt as scheduled, analysts say.
Repayment of the sukuk, which has emerged as one of Dubai’s biggest financial challenges, is becoming increasingly likely as time goes on.
Nakheel Should come clean with the hard working investors who made it what it currently is.
ReplyDeleteThey should announce and without delay the Indeed they have canceled the Badrah II project, cause no way they will complete it in by end of 2011 and they can not extend the delivery any further.
So all they are doing is frustrating the investors and trying to push them to so called consolidation. This is just not acceptable behaviour from someone like Nakheel. They will lose so much turst than what they already have lost with the investors, it will simply stupid for Nakheel to continue with Badrah II and other off plans projects , no investor will be crazy enough to continue paying them any further instalments, why would they, when they can get for the same price a finished, larger property in place like JBR or Dubai Marina.??
Time for Nakheel and those who are running it to come clean and by honnest for a change.
Time for the Dubai Governmet to also get invoved.
In short Off Plans Projects Must be canceled ASAP and those who paid deposits should get a full refund.
The Dubai Government MUST force Nakheel, and other developers to come clean and do the right thing, because without expats investments, these developers will soon be history