Dubai Properties today announced the Dubai launch of Al Waha Villas, a AED 745 million freehold Mediterranean style residential community located in Dubailand, the world’s most ambitious tourism, leisure and entertainment theme park.

The Waha Villas project made its worldwide debut during Dubai Properties’ recent two-month long summer promotion at Harrods, London’s prestigious department store, where it generated AED 150 million in investments and sales. The project was also showcased at the elegant Ritz Hotel in Paris last week, as part of Dubai Properties’ European initiative to extend the reach of its global presence, promote its signature projects to an international audience, and gains international investors’ interest in Dubai.

The project consists of 260 Mediterranean style townhouses within a luxurious enclave. The development is scheduled for completion within 8 months by the middle of 2008.

Mohamed Binbrek, CEO of Dubai Properties, said: “The Al Waha Villas will set a new benchmark in luxury accommodation. Designed with quality and creativity in mind, the villas will provide a unique community lifestyle in 2, 3, and 4-bedroom villas, surrounded by lush landscape and greenery. The gated serene development will also feature a club house and community swimming pool.

Properties for sale at Al Waha Villas will range from 3,944 sq. ft for a four-bedroom villa to 3,621 sq. ft for a three-bedroom villa and 1,785 sq. ft for a two bedroom villa. All properties will include one or two parking spaces, balconies, and terraces.

About Dubai Properties

Dubai Properties is a member of Dubai Holding and operates with the express aim of conceiving 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 and Tijara Town. Dubai Properties also offers premium retail opportunities with The Walk at JBR and Bay Avenue at Business Bay.

For further information, please contact:

Linda Abdulhay
JiWin
Tel: +971 4 3613333
Fax: + 971 4 3688001
Mob: +971 50 4824185
E-mail: Linda.abdulhay@jiwin.ae

Lama Kabbani
Dubai Properties
Tel: +971 4 3602775
Fax: + 971 4 3695300
Email: lama.kabbani@dubai-properties.ae