Dubai-based property developer Limitless is set to complete a drawn-out debt restructuring after the final dissenting creditor sold its share of the company's AED4.45 billion (USD1.2 billion) debt. New York-based Stonehill Capital Management sold its debt in the state-controlled company, worth around USD15 million at face value, to Dubai Islamic Bank, an existing creditor and one of the members of the creditor committee. The sale means Limitless can now move ahead with its second debt restructuring since Dubai's property crash around seven years ago and begin to try to turn around its fortunes when the emirate's real estate sector is once again going through a softer period. Limitless needed all 18 creditor banks to agree to the plan, which involves extending its debt by two years to December 2018. (Reuters)