City-D Investment launch island paradise at The World

Pangkor Laut Luxury Resort, Residence & Spa Village to cover five islands and offer residential villas for sale

DUBAI, May 14, 2008: Pangkor Laut Luxury Resort, Residence & Spa Village, a five-star multi-module resort property being developed on The World, was unveiled at a sumptuous gala dinner reception, held at Westin Dubai Mina Seyahi Beach Resort & Marina last night.

Over 300 people attended the Champagne and Caviar event, as the luxury resort, modelled on the famous Pangkor Laut Resort in Malaysia, was unveiled to potential investors and the media.

The award-winning and world-renown Pangkor Laut Resort in Malaysia is managed by YTL Hotels & Properties, who will bring their unique and personal touch to the resort property being developed here in Dubai.

"We are delighted to be amongst the select group of investor chosen to invest in The World. Pangkau Laut will add a new dimension of luxury to real estate development on The World, offering investors and guests a unique opportunity to experience island lifestyle on one of the most iconic projects on the planet," said Ms. Sofia Zigangirova, CEO of Stars Dome Realty.

City-D Development, known by its luxury projects in CIS countries has teamed up with some of the world's renowned companies to develop the Pangkor Laut Luxury Resort, Residence & Spa Village, on Nakheel's prestigious development, The World, located four kilometres off Dubai's luxurious Jumeirah coastline.

Pangkor Laut Luxury Resort, Residence & Spa Village, built over 1,600,000 sq.f. island plot in the heart of The World, with its five-star hotel and luxury residence, spa facility, marina and numerous leisure facilities, including eight restaurants and bars.

The Pangkor Laut Luxury Resort will offer 120 deluxe guest rooms, 20 fully equipped luxury beachfront villas, shopping gallery, restaurants, aqua park and an underwater nightclub - a first for Dubai.

The residential component, Pangkor Laut Luxury Residence & Spa Village, was designed to experience the most luxury lifestyle possible. 92 fully apartments, 20 attached beach villas with private pools, 28 independent luxury villas with private marinas are fully furnished and equipped with world famous and branded products. Community club, Spa village, Gourmet food boutique and high level housekeeping service all these were guaranteed to the VIP residents.

Designed by architect and engineering firm, Agostine and Raphael Group, the resort development will bring together some of the best names in resort conception, fit-out and design, including Bang & Olufsen, Bagnaresi and ABB. All the transportation needs will be served by comfortable Majesty Yachts.

Stars Dome Realty in Dubai is the real estate agent for the project.

-Ends-

For further information, please contact:
Nicki Page
Fusion Marketing Management LLC
Tel: +971.4.3912149
Fax: +971.4.3918402
Email: cd@fusion-mgt.com