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DUBAI, May 22 (Reuters) - Saudi Arabia&aposs Dar Al Arkan Real Estate Development Co 4300.SE raised $400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.The developer attracted a final order book of more than $1 billion for its five year sukuk, it said in a regulatory filing.Final prici

DUBAI, May 22 (Reuters) - Saudi Arabia&aposs Dar Al Arkan Real Estate Development Co 4300.SE raised $400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.The developer attracted a final order book of more than $1 billion for its five year sukuk, it said in a regulatory filing.Final prici

Saudi Arabia's Dar Al Arkan Real Estate Development Co. raised USD 400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.

Saudi Arabia's Dar Al Arkan Real Estate Development Co. raised USD 400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.

Saudi Arabia's Dar Al Arkan Real Estate Development Co. raised USD 400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.

Residential property prices in Dubai are almost reaching 2008 peak levels, with the market not likely to see any major price correction in the short term, Standard and Poor's, a global ratings agency, said.