Nakheel, the Dubai property developer, received Dh3 billion ($816.8m) in financial assistance from Dubai World in the first half of 2009 as it dealt with a cash flow shortage and mounting obligations, according to a financial statement.

Details of the support comes a day after Abdulrahman al Saleh, the director general of the Dubai Department of Finance, said that Dubai World had been lent roughly Dh9bn this year from a fund created to help Dubai companies impacted by the economic downturn.

The debt situation at Nakheel, and its parent company, Dubai World, have been under close scrutiny since the Dubai Financial Support Fund announced on 25 Nov that it was taking over the restructuring the companies and would seek a six-month reprieve from creditors.

The National