Nakheel aims to pay about $8.2bn to its creditors in June, but the Dubai developer needs approval for its March debt proposal before making the payment, a source familiar with the matter said.

The source also said Nakheel's creditors did not unanimously approve a restructuring plan at a meeting held earlier this week.

According to Arabic daily al-Ittihad reported that Nakheel would repay creditors $8.2bn in June, citing a source attending the creditors meeting.

Under the proposed plan, Nakheel would meet its 2010 and 2011 obligations to its Islamic bondholders and would repay its creditors 100% of its debt through a mix of 40% cash and 60% tradable security.