Free Apartment with every Penthouse Purchased in celebration of the UAE National Day

Abu Dhabi, UAE, November 30, 2010: As part of its determination to enhance the lifestyle of Bani Yas residents, Baniyas Investment and Development Company (BID) - the investment arm of the Baniyas Sports Club - has introduced its exceptional Penthouses in Bawabat Al Sharq, the AED 3 billion master community development in Abu Dhabi.

The Bawabat Al Sharq Penthouses, which represent a blend of tradition and modernism, are situated on the top floor of 6 storey apartment buildings and surrounded with alluring landscaping and water features. The Penthouses, of which only 4 remain available, offer exclusivity and luxury to their residents with only two units designed for a single floor, being the first of their kind in the city of Bani Yas.

Residents of these lavish 3-master-bedroom Penthouses will be able to enjoy open views of the water features and beautifully landscaped areas from their spacious terraces which include private Jacuzzis. Covering a space that ranges between 289 and 391 square meters, the Penthouses will also feature separate living rooms and Majilis areas as well as maid's rooms, laundry rooms, walk-in closets and 3 parking spaces underground per Penthouse.

In his commentary, Wael Tawil, CEO Baniyas Investment and Development Company said, "The UAE National Day is always a joyous occasion and we, at Baniyas Investment & Development Company, wanted to join in on the celebrations by introducing our most luxurious offering and rewarding our customers with a unique blend of luxury and value - an aim which is at the core of our company values."

Wael El Ashry, Commercial Vice President of Baniyas Investment and Development Company said, "In this changing market scenario we aim at providing our customers with the best value for their investments. We have conceptualized and designed the new Penthouses in Bawabat Al Sharq with the intention of granting our residents all the amenities and facilities that answer to their luxuriant needs. And on the occasion of the UAE National Day, we have introduced a unique offer, gifting our clients a free apartment with every Penthouse purchased in Bawabat Al Sharq."

Bawabat Al Sharq is an ideal mix of modern residential, retail, entertainment and sporting facilities. The project comprises premium apartments, villas, health care facilities, a FIFA standard football stadium with a seating capacity of 20,000 spectators and a distinctive mall that will include 339 high profile retail outlets of fashion wear, electronics, neighborhood services, accessory outlets, jewelers in addition to a Carrefour hypermarket, WANASA Family Entertainment Centre and Grand Cinemas. BAS Mall will also feature Souk Al Megnas, a distinctive traditional souk spreading across 4500 square meters.

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About Baniyas Investment and Development Company
Baniyas Investment & Development Company was established in 2005 as a majority owned subsidiary of Bani Yas Sports Club. It is the investment and development arm of the Bani Yas Club with its main activities focusing on investment, development and management of real estate projects. Aiming to play a pivotal role in contributing to real estate development, Baniyas adheres to the highest standards of integrity in its business dealings. Currently, the company has an impressive pipeline of opportunities and projects including master planned communities, residential and commercial towers in the UAE, with Bawabat Al Sharq representing the first of several pioneering plans to be publicized by Baniyas in due time. Bawabat Al Sharq will elevate the leisure, commercial and tourism appeal of Bani Yas.

For further information, please contact
Muriel Farah
Baniyas Investment & Development, Abu Dhabi
Tel: +97150-667 5488
E-mail: mfarah@baniyas.ae

Maya Kheshen
Baniyas Investment & Development, Abu Dhabi
Tel: +97150-294 0472
E-mail: mkheshen@baniyas.ae

© Press Release 2010