Salwan’s Al Khail Gate Community in Al Quoz Receives Huge Interest from Residential and Corporate Clients

Phase-II to Deliver Additional 5,600 Units

Dubai: 13 May, 2009 - Salwan LLC, a property management company and a subsidiary of Dubai Properties Group (DPG), today announced it has successfully leased out Phase-I of Al Khail Gate community and is set to release Phase-II shortly in response to the unprecedented interest from clients.

Located at Al Khail Road, the Al Khail Gate development is an affordable housing community offering centrally located facilities to corporate and residential clients. Three months after its launch, Salwan has successfully leased out 3,835 units at the development and is currently offering pre-leasing options to clients interested in the second phase of the development.

Saeed Bushalat, CEO of Salwan, said:

Several corporate clients have expressed significant interest in the Al Khail Gate community. We are planning to extend our offering to the wider community with the forthcoming launch of the second phase, which will bring an additional 5,600 units to the market. Our diverse properties will reflect our vision ‘affordability will no longer be a dream’ and cater to all segments of the community.

Offering a range of leasing options, the Al Khail Gate development comprises studio, one, two and three bedroom apartments. Ranging from AED35,000 a year and onwards, the apartments are available in various sizes including 420 sq ft studio, 690 sq ft one bedroom, 966 sq ft two bedroom and 1,150 sq ft three bedroom apartments.

Bushalat added:

Our long term plan is to continue delivering a wide assortment of properties catering to niche clients in Dubai. Our property management as well as supplementary solutions have been well-received in the market and we are looking forward to leading the sector by delivering competitive and customized solutions.

With a growing portfolio of properties across Dubai, Salwan offers a wide selection of residential and commercial space for lease. It currently owns and manages more than 14,000 residential and commercial units in different locations around Dubai including Mirdiff, Jumeirah Beach Residence (JBR), Cordoba Villas, The 558 Community at Dubailand, and Office Park at Dubai Internet City.

Additional information is available on 800-Salwan (725926) or www.salwan.ae

Notes for Editors

About Salwan Property Management LLC

Salwan Property Management, a subsidiary of Dubai Properties Group and a member of Dubai Holding, is a leading provider of innovative leasing and property management solutions and the introducers of the strata management system to the region. Established in 2008, Salwan offers a full spectrum of enabling services to residential and commercial stakeholders. Its service portfolio includes property auctions through Mazad Auction House, property management, leasing, third party leasing, hotel apartments, and a real estate advisory service.

Salwan also offers a complete range of construction supervision and administrative services ranging from contract negotiations and build-out to leasing and risk management. The company currently offers premium real estate services to more than 14,000 properties around Dubai including Jumeirah Beach Residence (JBR), Cordoba Villas, Al Khail Gate, Al Razi Residence, The 558 Villas at Dubailand and Office Park at Dubai Internet City.

For more information, please contact:

Muhannad Al Badri
Jiwin
Tel: +971 4 3613572
Mob: +971 50 8559907
E-mail: muhannad.albadri@jiwin.ae

Or

Jan Dabrowa 
JiWin
Tel: +971 4 3613333
Fax: + 971 4 3688001
Mob: +971 50 4824185
E-mail: jan.dabrowa@jiwin.ae