RichVille expands operations following impressive 2007 achievements

The company is also planning to expand regionally by the end of this year. The expansion follows a very successful year of operation for RichVille in 2007.

2007 RichVille achievements in numbers; over $1bn worth of projects managed, $500m new projects sold and over $100m of deals closed. The above includes the exclusive sales of Sungwon's two major projects; Santevill in Business Bay and Santeview in culture Village, both of which sold in record time.

"Tapping into the great potential offered by the markets in Abu Dhabi and the Northern Emirates where momentum started picking up in 2007 is a important, strategic and very logical step for RichVille," said Mr. Salah Ramadan, RichVille's CEO. "We are also considering expansion to other key real estate markets in the region including Qatar, Oman and Saudi Arabia where we expect real estate markets to pick up significantly once proper legislations are introduced. We are confident that our success in Dubai can be replicated in these markets given our unique and integrated range of services," concluded Mr. Ramadan.