Dubai Holding, the investment vehicle of the ruler of Dubai, will pay off Sama Dubai's three-year $300m loan facility which matures on 27 September, it said on Wednesday.

'Dubai Holding and its entities will meet their financial obligations in full and on the maturity date,' a Dubai Holding spokesman told Reuters, referring to the loan.

Sama Dubai is the property arm of Dubai Holding and is being merged with local firms Dubai Properties, leisure developer Tatweer, and Emaar Properties.