Nakheel offers home buyers property swaps
Developer Nakheel has offered home buyers property swaps for projects closer to completion or a five-year wait for refunds to drum up support for its restructuring plan, its chairman told a newspaper.
Local property developer Nakheel is seeking to raise $1.4bn against its future income from land sales through a securitisation deal, in a move that will be a major test of the appetite for Dubai real estate debt.