Residents take possession of luxury apartments at Dubai Marina

Dubai, July 23, 2007: Al Sondos Holding today delivered apartments at the Marina Mansions, the latest high-end development at Dubai Marina. A 30-storey residential tower, Marina Mansions offers residents spacious and luxurious living in one of the most sought-after areas of Dubai. The two-, three- and four-bedroom apartments, duplexes and penthouses were made available exclusively through Tamweel.

Developed by Al Sondos Holding, Marina Mansions is close to the waterfront and just minutes away from Dubai Internet City, Dubai Media City, Mall of the Emirates and other key developments.

Adel Al Shirawi, Chief Executive Officer of Tamweel, said: "We are delighted to act as a strategic partner with Al Sondos Holding and to welcome the new residents of Marina Mansions. This is a moment of great significance for both Al Sondos Holding and Tamweel, as we take this final step in helping people realise their dream of homeownership by providing home finance of up to 95 per cent for Marina Mansions."

John Joseph O'Connell, who is taking possession of his duplex today, said: "I am very excited about my new home at Marina Mansions, and would like to thank Tamweel for providing hassle-free financing and helping me make my dream of owning a home at Dubai Marina a reality."

The handing-over ceremony was held at the Marina Mansions banquet hall and was attended by over 100 guests.

Speaking at the occasion, Dr. Ghassan Al Khawaja, Chairman of Al Sondos Holding, said: "We are confident about the extremely high quality of our developments, and this is why we felt comfortable offering the apartments for sale immediately after construction was completed. Our customers were able to see, touch and feel their new homes before they made the decision to buy--and, we're happy to say, demand for the development has been very high."

He added: "In today's fast-paced society, space and tranquility have become two of the ultimate luxuries. This is exactly what Marina Mansions offers. Built to the very highest standards, each of these state of the art units has been designed to maximise living space, and has been built to the very highest standards. Marina Mansions is more than an address; it's a whole new lifestyle."

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About Tamweel PJSC:
Tamweel, the largest provider of home finance in the UAE, was established in March 2004 and became a public joint stock company in June 2006. A provider of a wide range of unparalleled customer-service solutions and innovative home finance products, Tamweel works with 265 partners across country. The company, which aims to become the regional home finance leader, currently has branches in Dubai, Sharjah and Abu Dhabi. For more information, please visit www.tamweel.ae or call 800-TAMWEEL.

For further information please contact:
Nabil Abou Alwan
Tamweel PJSC
Dubai,
UAE
Tel: +971-4-2944400
Fax: +971-4-2944331

Nicholas Nesson 
ASDA'A Public Relations
Exclusive Affiliate of Edelman, Middle East & North Africa                        
Dubai,
UAE
Tel: 971-50-4785324
Fax: 971-4-3356080
E-mail: n.nesson@asdaa.com

Gunjan Chaurasia
Tel:50-2797034
E-mail: g.chaurasia@asdaa.com

Ghaleb Zeidan
Tel: 50-7782286
E-mail: g.zeidan@asdaa.com

© Press Release 2007