National Bonds joins hands with Al Habtoor on Skycourts

Skycourts, coming up in Dubailand Residential Complex, the latest leisure and tourism destination in Dubai, will have six towers comprising over 2,300 upscale apartments that will combine luxury with affordability. Residents of Skycourts will have access to world class recreational and leisure amenities including health clubs and swimming pools, rooftop gardens and cafes, shops and free parking.

The freehold residential project was sold out in six days after National Bonds, the Shari'a compliant national savings scheme of the UAE, offered priority booking to bond holders at its launch last year. The apartments are scheduled for delivery in the first half of 2009.

"Skycourts is a unique concept, prime location, affordability, luxury and profitable investment all rolled into one. It takes partners of high calibre and proven track record to accomplish such projects. With their international expertise, local knowledge and successful involvement in huge projects, Al Habtoor is one of our preferred partners,"

commented Nasser Bin Hassan Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation.

Al Habtoor Engineering has a rich portfolio having created some of world's most stunning landmarks such as the 7 star Burj Al Arab hotel and the ultra modern Sheikh Rashid Terminal Concourse 1. They are also involved in the ongoing construction of the new Terminal 3 and Concourse 2 projects at the Dubai International Airport and 12 high-rise buildings including a hotel at Dubai's Business Bay. Recently they have expanded their activities in Qatar and are involved in constructing the Dubai Tower, the highest tower in Qatar, as well as five hotels.

"We are delighted to be associated with National Bonds Corporation in constructing one of the residential landmarks in Dubai that is expected to combine, luxury, quality and affordability. Skycourts will be a valuable addition to the Al Habtoor portfolio, which already boasts of many of the best in the world," said Riad T. Sadik, Managing Partner of Al Habtoor Engineering.