NBAD Lends Das Real Estate $193 Million for Dubai Palm Project

Abu Dhabi: National Bank of Abu Dhabi, the United Arab Emirates' second-biggest bank, said it agreed to lend local developer Das Real Estate Dh708 million ($193 million) for a Dubai project.

Das will use the loan to help pay for 246 hotel rooms and 92 homes it is building on the Palm Jumeirah as part of its Sea View Club Hotel & Apartments project, National Bank said in an e-mailed statement, without providing further financial details.