Damac plan for $500m sukuk seal of confidence in Dubai property market | The National:
"Damac is poised to benefit from Dubai’s property revival as the developer that offers free sports cars to luxury apartment buyers plans its first sale of Islamic bonds.
The company, which in January promised Lamborghinis, BMWs and Mini Coopers to lure home buyers, this week completes meetings in Singapore, the United Arab Emirates and London seeking to attract investors to its sukuk sale. Standard & Poor’s rated the proposed notes BB, two levels below investment grade, and expects a US$500 million issue."
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