Shaikh Holdings Wins Best International Golf Development Award For Sanctuary Falls

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Shaikh Holdings, a leading Dubai based real estate investment and development company, has won the 2008 'Best International Golf Development' award for their Sanctuary Falls development at the International Property Awards held at the Ritz-Carlton in Orlando, Florida on 7th November, 2008.

L-R: Zeeshan Shaikh (Chief Marketing Officer, Shaikh Holdings), Imran Shaikh (CEO, Shaikh Holdings), Shamrez Shaikh (Chief Operations Officer, Shaikh Holdings) at the 2008 International Property Awards, Orlando, Florida.

Shaikh Holdings, a leading Dubai based real estate investment and development company, has won the 2008 'Best International Golf Development' award for their Sanctuary Falls development at the International Property Awards held at the Ritz-Carlton in Orlando, Florida on 7th November, 2008.

The luxury residential golf development qualified for entry to the International Property Awards following its win of an unprecedented 6 regional awards at the CNBC Arabian Property Awards held in October at the Madinat Jumeirah, Dubai, UAE.

Kaiser Shaikh, Chairman Shaikh Holdings, said, "We strongly believe in His Highness Sheikh Mohammed's vision for Dubai and are proud to be part of building this dream into a reality. We feel greatly honoured to have Sanctuary Falls receive this prestigious global award, and to have been internationally recognized for excellence and quality in our projects. It is indeed a privilege for us to represent Dubai and be here in the company of fellow developers from around the world that are creating some of the world's highest caliber developments. Having Sanctuary Falls judged to be the best in the world amongst such quality projects is a huge achievement for our team and one that we are exceptionally proud of."

Mr. Shaikh continued, "I would like to extend my appreciation to the entire Shaikh Holdings team and our family of partners - Leisurecorp, Arabtec, DSA Architects, Hirsch Bedner Associates, 40North, Scavolini, Archimedia, Bang & Olufsen, Míele, Quintessentially and HSBC. They have all truly embraced our vision for this community with dedication and passion, and have been integral in making it the world-class proposition that it is today."

Last year the European Tour and Leisurecorp announced a partnership to create the Dubai World Championship, the world's richest golf tournament with a $10,000,000 prize. Sanctuary Falls overlooks the Greg Norman designed Earth golf course at Jumeirah Golf Estates which will host this inaugural Dubai World Championship in November 2009.

Imran Shaikh, Chief Executive Officer, Shaikh Holdings said, "Sanctuary Falls has gained a reputation as a luxury golf development that offers its residents a resort lifestyle in Dubai. As construction progresses on site, we are steadily moving forward on our promise of delivering a world-class community to Dubai. We have received regional awards and recognition for superior concept and development at Sanctuary Falls; however, winning this particular award shows that Sanctuary Falls is now considered a benchmark golf community at an international level."

The International Property Awards have run since 1995, having recognized the 'best of the best' and highlighted excellence in a range of areas related to the highly competitive global property market. The Sanctuary Falls development by Shaikh Holdings was selected as the overall winner in the category against a number of high profile golf development projects from around the world. Other nominees included: Anahita World Class Sanctuary in Mauritius by Ciel Properties Ltd (Africa winners), Meru Valley Resort by Kinta Properties Group in Malaysia (Asia Pacific winners), Dartmouth Green by Vine Developments in United Kingdom (Europe winners), Louisbourg Resort Golf & Spa by CBI Cape Breton Island Developers in Canada (America's winners).

Judging criteria for the 'Best International Golf Development' award included the development's location, appearance and finish, safety, innovation, eco-friendly and sustainable elements, marketing and brand development, construction strategy as well as golfing amenities made available to residents.

Sanctuary Falls is a collection of 96 resort-style villas located in a secure double-gated community, and aims to create a new benchmark in community living by being the first resort-style residential golf community in the UAE. The villas are being constructed by Arabtec, the Middle East's leading luxury villa contractor and residents are able to customize their homes by selecting from a variety of architectural and interior design styles. Each villa features a complete home automation system, Bang & Olufsen home theatre, a Scavolini designed kitchen, fully landscaped gardens and access to a full concierge service provided by Quintessentially.

Launched in July 2007, Sanctuary Falls has received keen interest from local and international buyers, and recently gained worldwide attention when Bollywood celebrity couple Abhishek and Aishwarya Rai Bachchan became residents of Sanctuary Falls. Construction of the villas commenced in April 2008 and the show villa will be ready by March 2009, with expected completion of all the 96 villas in March 2010.

The 6 regional awards won by Shaikh Holdings for Sanctuary Falls at the 2008 CNBC Arabian Property Awards were 'Best Development', 'Best Golf Development', 'Best Architecture', 'Best Interior Design', 'Best Property' and 'Best Property Marketing'. The development was also awarded 'Best Golf Development' at the 2007 CNBC Arabian Property Awards.

For more information please contact:
Natasha Shaikh
Shaikh Holdings
Tel: +9714 364 2722

(or)

Hala Al Haddad
MCS/Action
Tel: +971 4 390 2960

About Shaikh Holdings:
Shaikh Holdings is a leading Dubai-based real estate investment and development company, and is a family enterprise with a Middle East entrepreneurial heritage dating back to Bahrain from 1913.
Expansion into real estate investments and development has driven Shaikh Holdings to look at both regional and international real estate markets. Today, its companies specialise in the acquisition, development, marketing and sale of exclusive properties worldwide.

Shaikh Holdings' real estate activities in Dubai are primarily focused in three major areas - real estate development, real estate investments and real estate marketing. The company currently holds a significant portfolio of residential, commercial and hospitality real estate, and has been a leading institutional investor in the Dubai real estate market since 2002.

Shaikh Holdings has chosen to focus on developing boutique communities centered around golf and waterfront concepts. The company's current developments in Jumeirah Golf Estates will be followed by other exclusive golf and waterfront projects in the UAE.

The company's primary Dubai investments have been in premier developments such as the Palm Islands, Emirates Hills, Business Bay, Dubai Waterfront and Jumeirah Golf Estates.
Shaikh Holdings maintains investment relationships with significant Dubai-based developers such as Dubai Properties, Nakheel and Emaar. Over the years it has also developed unique marketing partnerships with these developers who are creating some of the region's most iconic developments including The Palm, The World, Burj Dubai, Jumeirah Beach Residence and Dubai Marina.

Guided by the principles of innovation and excellence through its entire sphere of activity, Shaikh Holdings corporate philosophy is focused on quality life experiences, with the aim of enhancing the lives of people through its business and development projects.
For more information visit http://www.shaikh-holdings.com.

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