Shaikh Holdings' Sanctuary Falls Project on Course for Completion

Published November 19th, 2009 - 09:50 GMT

Shaikh Holdings, a Dubai based real estate investment and development company, has made substantial construction progress on its award-winning golf development -- Sanctuary Falls. The developer has achieved significant milestones over the past 18 months, and has been working diligently to build the 99 villa community and deliver on its commitment to its residents. Overlooking the Earth course at Jumeirah Golf Estates, Sanctuary Falls will provide a dramatic backdrop for the Dubai World Championship which is being held from November 19 to 22, 2009.

Imran Shaikh, CEO of Shaikh Holdings said: "We at Shaikh Holdings are proud to support the inaugural Dubai World Championship taking place in our community, as Dubai yet again makes history. Our residents and spectators from around the world can look forward to witnessing the most significant sporting event ever to be hosted in Dubai. All eyes will be on Jumeirah Golf Estates during this time and this momentous event will create tremendous international awareness for the master community and golf in the UAE."

With the villas now at various stages of construction, from main concrete works to internal finishing, the unique streetscape of Sanctuary Falls has started to take shape. The current on-site construction workforce stands at 1,800 with an additional 200 workers expected by year end. The final finishes are currently being applied to the first show villa which will be fully completed and unveiled following the Dubai World Championship, while the remaining villas are on schedule for completion starting early 2010.

"High quality workmanship, world-class materials and finishes have been at the core of our development philosophy. By maintaining this focus, we have ensured that the integral quality of our product offering is second to none and that an investment in Sanctuary Falls will stand the test of time. We believe that despite the volatility in home prices over the last year, the market going forward will gravitate towards quality real estate creating strong demand and value for developments such as Sanctuary Falls," Shaikh continued.

With the villas at Sanctuary Falls overlooking the Earth course, their proximity and views of the course will add tremendous value to these properties. This will contribute to making them some of the most sought-after and luxurious golfing residences in the world.

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