As the Dubai property market continues to go from strength to strength, Nakheel has pledged its to waterfront properties by securing a financing deal worth AED17 billion.

The deal will be used to develop more waterfront projects including Dubai Islands (previously Deira Islands). The land is made up of five islands and spans 17km and will eventually be home to over 80 resorts and hotels, including luxury and wellness hubs.

Mashreq Bank, Dubai Islamic Bank, and Emirates NBD are part of the deal which includes refinancing of AED11 billion and additional funds of AED6 billion.

Recommended

Gap x Local Talents: Celebrating Creativity And Style This Holiday SeasonCR7, Neymar Jr, Bellingham, Lamine Yamal Were All In Dubai Last NightWhat Is The Difference Between Smoke And Aerosol

 

View this post on Instagram

 

A post shared by Lovin Dubai | لوڤن دبي (@lovindubai)

Dubai Islands will eventually feature upmarket residences, hotels, lifestyle projects and marinas, and 20km of new beaches!

Once complete it will add over 20km of beachfront Dubai – including an eco-friendly Blue Flag beach.

Currently under construction, the island’s main attractions will be Deira Central and Deira Mall which is set to become one of the city’s biggest shopping centres.

Watch next: A Man Was Handing Out His CV With Twix Bars in Dubai Marina

Read next: A Man Was Spotted Handing Out His CV + A Chocolate In Dubai Marina