Dubai, April 22 2008:  GGICO P.S.C. has sold out its recently launched (April 15, 2008) second phase of Axis Residences in Dubai Silicon Oasis. Gowealthy.com, the exclusive commercial sales and marketing agency, extended their 4 day sales event by one day to cope with the global demand for the property. Following on from the positive investor feedback, GGICO also launched the final tower of the AED 1.3 billion development which also saw a record turnout.

"Investors trust GGICO and Gowealthy.com, that coupled with the tailor made payment plan is what, I believe, lead to this record sell out. We have been doing this for many years now, and the level of interest and faith generated by the investors was truly overwhelming, making us that much more committed to offering our customers the best property solutions possible," commented Peter Penhall, Chief Executive of Gowealthy.com.

"Gowealthy is looking forward to the prospect of adding over 1300 new home-owners to its family through Axis Residences," he added

GGICO had once again offered a tailor-made market leading 7.5 year payment plan which comprised of an initial booking deposit of 5% of the value of the unit as the first installment, followed by a further 5% of the value payable within 3 months of booking installment. The remaining 90% will be payable in equal 1% installments from October 2008, over 90 months.

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About Gowealthy.com 
Gowealthy.com is a global property and lifestyle portal, providing comprehensive information on international real estate and freehold properties in Dubai, overseas relocation and tax havens, offshore banking and incorporations, tax free investments, travel and entertainment. Gowealthy offers a full-range of marketing and specialized solutions for property developers, investors and retailers with its premier brand gowealthy.com capitalizing on the need for online financial and property marketing services.

About GGICO
GGICO, Gulf General Investment Co P.S.C, is a BBB rated Public Shareholding company listed in the Dubai Financial Market. GGICO, a  35 year old company is a widely diversified group with  30 Subsidiaries and Affiliates. The Real Estate division has proven track record with highly successful master developments. Horizon Towers and Emirates Crown in Dubai Marina and Olympic Park in Dubai Sports City are only a few examples.

For further information, please contact:
Perspective Public Relations
Nick Wheywell,
Tel: +971 4 364 2414,
Mob: +971 50 655 8682,
Fax: +971 4 369 7635
email: nick@perspectivepr-me.com

Arafaat Ali Khan,
Tel: +971 4 364 2414,
Mob: +971 50 698 6818,
Fax: +971 4 369 7635
email: arafaat@perspectivepr-me.com

© Press Release 2008