Dubai Properties Invites Select Financial Institutions to Offer Attractive Funding Options

Buyers and Investors to be Offered Special Deals at Prestigious Developments

Dubai: 16 May, 2009 – Dubai Properties LLC, a subsidiary of Dubai Properties Group (DPG), today announced several leading financial institutions will offer exclusive funding options to prospective buyers and investors of residential or commercial units in Dubai Properties’ projects. Although potential financing will be available for all projects, there will be a special focus on projects that are due for handover, The Executive Towers, Al Waha Villas and The Villa Phase 1 & 2.

Representatives from Abu Dhabi Commercial Bank, Dubai Islamic Bank, Emirates NBD, Mashreq Bank and National Bank of Ras Al Khaimah (RAK Bank) will meet customers at the Dubai Properties Headquarters – Sales Centre in Dubai Internet City.

An Official Spokesperson for Dubai Properties, said:

In our commitment to offer our clients top scale properties and services, we have invited leading financial institutions to the sales centre at the Dubai Properties’ headquarters to meet and explain the modalities of financing. The banks will seek to streamline the financing options for our current and potential clients. This is also part of our endeavour to ensure our buyers and investors receive customized, timely and accurate propositions.

Our developments have generated substantial interest from regional and international investors as well as Dubai residents. At the same time, our exclusive freehold projects cater to residents looking for an inspirational lifestyle at convenient localities. We are very pleased to offer these properties to our investors and look forward to developing other enchanting residential communities around Dubai.

The prestigious AED3 billion Executive Towers master development comprises 11 towers offering 2,211 residential units, including studios, loft apartments, 4-bedroom terrace apartments, garden apartments, and 1, 2, 3, and 4-bedroom apartments. The development also includes 60 villas located at the plaza level, eight boutique office villas and a three-level podium that provides parking bays for 4,500 vehicles.

Al Waha Villas is a AED745 million freehold Mediterranean style residential community located in Dubailand.  Properties for sale at the Al Waha Villas will range from 3,944 sq. feet for a four-bedroom villa to 3,621 sq. feet for a three-bedroom villa and 1,785 sq. feet for a two-bedroom villa. All properties will include one or two parking spaces, balconies, and terraces. The project consists of a total of 260 Mediterranean style townhouses within a luxurious enclave and lush landscape.

As part of the special offer, select units from phase1 and 2 of The Villa development will be offered to buyers. An AED 8 billion freehold development located in Dubailand. The Villa is an enchanting residential retreat, inspired by generous spaces for outdoor living and the tranquility of Spanish style courtyard housing.

Dubai Properties’ projects represent a diverse spectrum of residential, commercial and mixed-use developments including Business Bay, The Villa, Jumeirah Beach Residence, Al Waha Villas, The Villa and Culture Village.

Notes to Editors

About Dubai Properties LLC

Dubai Properties LLC is a member of Dubai Properties Group and operates with the express aim of conceiving and delivering to the market unique communities that add value for the customer and contribute towards the growth of Dubai. The portfolio of projects handled by Dubai Properties is diverse and represents the highest quality of real estate in the region. Dubai Properties offers mixed-use master developments catering to diverse lifestyles including Jumeirah Beach Residence, Business Bay, The Villa, Culture Village, Tijara Town, Mudon and Mohamed Bin Rashed Gardens.

For further 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