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Dubai's Victory Heights Forecasts Full Delivery of Phase One

First Six Months of 2010 Sees Luxury Golfing Residential Development

Reach Key Milestones in Completion

Dubai, United Arab Emirates - Developers of Dubai's Victory Heights are forecasting that all 794 phase one villas in the luxury residential golfing development will be fully complete and delivered to owners by the end of 2010.

In the first six months of the year the community has reached a number of key milestones, with more than 70 percent of the sold villas handed over to home owners and many more of the high-end properties completed and awaiting final sign-off for delivery. Three of the seven villages that make up the golfing community have been fully handed over.

"Construction and delivery of Victory Heights ' luxury villas has moved apace during the first half of the year, despite the downturn in Dubai's real estate industry experienced last year. We have been able to meet some important milestones," said Yasser Abulrahman Al Raee, General Manager, Victory Heights , which is a AED2.5bn joint venture between the Bahrian Investment Bank Arcapita and Dubai Sports City

"Thanks to the hard work of all those involved in the project we are predicting that phase one of the development will be fully complete and handed over to homeowners by the end of the year," he added.

More than 400 families have already moved into homes giving a community feel to the development, which surrounds the greens and lakes of the award winning The Els Club golf course.

Building work has also recently commenced on the project's first community centre which will offer residents a wide range of recreational facilities, including swimming pools, children's play areas, basketball courts and BBQ areas.

"We are proud of this unique project and pledge to continue to deliver high quality homes, beautifully landscaped green spaces and top of the range community facilities for all our residents to enjoy," concluded Al Raee.

Villas in Victory Heights are built in three different styles; authentic Spanish Andalusian, bold Mediterranean, and classic European styles, which surround the greens of the award-winning The Els Club golf course, giving the development a green and peaceful atmosphere.

Victory Heights lies in the heart of Dubai Sports City which later this year will be home to five Sporting Academies offering world-class coaching to children of all ages in football, hockey, rugby, swimming and cricket.

The city also hosts the International Cricket Stadium, where national and international cricket and football matches are played, as well as The Els Club and The Butch Harmon School of Golf where golfers of all levels and ages can practice their game.

-Ends-

About Victory Heights :
Located in the heart of Dubai Sports City , the world's first integrated sports city, Victory Heights redefines everyday living. Diligently planned with an enviable mix of sporting, recreational and community facilities, there's no end to the world-class benefits provided by this desirable community. Victory Heights offers a collection of stylish homes from grand villas to distinctive townhouses designed in authentic Spanish Andalusian, bold Mediterranean or classic European styles. Set within an oasis of serenity covering 25 million square feet, the spacious homes provide natural privacy and calming views over the colourful landscaped grounds, and the manicured fairways of the stunning golf course.

Foe More information, Please contact
Joanna Hartley
Consultant
WMC FZ - LLC
P.O. Box 502281
Tel: +971 4 390 1950
Mobile: +971 55 9237945
Email: joanna.hartley@wallis-mc.com

© Press Release 2010