Abu Dhabi/Dubai – The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD) has successfully closed a AED 3 billion ($813 million) real estate financing deal, marking a significant milestone in the UAE’s property and investment landscape as reported by Zawya.
The syndicated 10-year facility will be used to refinance existing bank debt, settle sukuk obligations, and support PD’s broader corporate objectives. The financing is secured against a diverse portfolio of real estate assets spanning Abu Dhabi and Dubai.
Details of the Syndicated Facility
The consortium of banks leading the transaction reflects strong institutional confidence in PD’s asset base and financial strategy.
- Joint Coordinators and Account Banks: Abu Dhabi Commercial Bank (ADCB) and Mashreqbank.
- Joint Mandated Lead Arrangers and Bookrunners: ADCB, Commercial Bank of Dubai (CBD), and Mashreq, which also served as Hedging Banks.
- Facility Agent and Security Agent: ADCB.
- Market Hedge Coordinator: CBD.
The deal underscores the depth of the UAE’s financial sector in structuring large-scale real estate financing, while also strengthening PD’s capital structure for long-term growth.
PD’s Real Estate Portfolio
Established in 1964, PD is wholly owned by members of the Abu Dhabi ruling family. Its diversified portfolio generates recurring income and includes:
- Over 2,500 residential units
- Approximately 60,000 sqm of commercial spaces
- A collection of hotels across Abu Dhabi and Dubai
Also read: Al Reem Island Abu Dhabi Property Investment Surges with 38% Q2 Gains
This strong portfolio has positioned PD as a key real estate player with significant exposure to both the residential and hospitality sectors.
Capital Markets Activity
The financing follows PD’s track record of leveraging capital markets for growth. In 2023, the company settled a $50 million tap of its $300 million senior unsecured sukuk, originally issued in September 2022 and listed on the London Stock Exchange under its $1 billion Trust Certificate Issuance Programme.
Also read: Dubai Housing Support Packages 2025 Deliver AED1.7 Billion to Emirati Citizens
According to its April 2025 financial report, PD is rated B+ (Stable) by S&P Global, with fixed assets valued at AED 6.23 billion as of December 31, 2024.
Strategic Implications for UAE Real Estate
The AED 3 billion real estate financing by Sheikh Mohamed Bin Khalid Al Nahyan’s PD highlights the growing role of structured financing in strengthening the UAE’s property sector. It not only allows developers and property owners to manage debt efficiently but also frees up capital for expansion in high-demand areas of Abu Dhabi and Dubai.
Market analysts suggest that such financing deals are a reflection of investor confidence in the resilience of the UAE’s property sector. With Dubai consistently ranking among the world’s top-performing luxury real estate markets and Abu Dhabi pushing forward with large-scale infrastructure projects, PD’s move aligns with the emirates’ long-term growth vision.
Opportunities for Indian Investors
For Indian investors, the transaction signals strong institutional backing and liquidity in the UAE real estate market. This provides additional reassurance for those looking to diversify investments into Dubai and Abu Dhabi properties.
The UAE continues to attract Indian buyers seeking long-term value and security, with real estate offering both capital appreciation and rental income opportunities. Structured financing, such as PD’s deal, also strengthens the market by ensuring developers and property owners remain financially resilient.
This financing deal further reinforces the sector’s stability, making it an attractive time for Indian high-net-worth individuals and professionals to explore opportunities in both residential and commercial assets.
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