DUBAI - Aldar Investment Properties, a fully owned subsidiary of Abu Dhabi's largest developer Aldar Properties, started marketing on Monday seven-year U.S. dollar-denominated sukuk with an initial price guidance set in the high 100 basis points over mid-swaps, a bank document seen by Reuters showed.

The senior, unsecured sukuk, or Islamic bonds, will be of benchmark size, which generally means upwards of $500 million, and they are expected to price later on Monday.

First Abu Dhabi Bank, JPMorgan and Standard Chartered Bank are coordinating the debt sale.

(Reporting by Davide Barbuscia; Editing by Muralikumar Anantharaman) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))