Dubai’s Union Properties enters into Dh1.2 billion settlements with Emirates NBD, Dubailand
Dubai’s listed developer Union Properties PJSC, on Friday, announced a breakthrough in its ‘legacy debt’ restructuring challenges by entering into a settlements with EmiratesNBD and Dubailand for Dh1.25 billion. Under the agreement with Dubai’s biggest bank, Union Properties will pay a settlement amount of Dh850 million to Emirates NBD in installments within nine months of […]