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Nakheel to repay a third of bank debt in 1Q14

Developer benefits from rebound in property sector

[DUBAI] Dubai developer Nakheel plans to repay nearly a third of its total bank debt in the first quarter of 2014, well ahead of maturity in 2015, as it benefits from a rebound in the emirate's property sector. Nakheel, the builder of a palm tree-shaped island off Dubai's coast, was the most