Abu Dhabi Investment House Launches Al-Areen Homes

• At total value of US$ 32 million
• Follows on successful sales of Sunset Hills – Al Areen

Mannama, May 24, 2008: Abu Dhabi Investment House (ADIH), today announced the launch of Al-Areen Homes project at the value of US$ 32 million. The project occupies an area of 20,000 square meters and located in Al-Areen development project in the southern part of the Kingdom of Bahrain. Al Areen Homes comes almost immediately after the successful sales of Sunset Hills – another project being developed by ADIH in the same Al Areen Development. The new project is composed of 40 luxurious 2-storey deluxe villas – designed using high international standards to deliver exceptional homes – targeting those who are looking for unique investment opportunities and/or a place to live in a serene and quiet environment. Each villa will be built on an approximate area of 450 sqm – where it will offer 3 or 4 bedrooms as well as other standard facilities such as a private swimming pool and a garden. Within the Al Areen Homes vicinity, the following facilities are available: the Lost Paradise of Delmon, the Equestrian Club, Banyan Tree Hotel and Desert Spa, Al-Areen Sanctuary, Bahrain International Circuit, AlJazair Beach in addition to University of Bahrain and many other multi-use projects that are currently being developed. Mr. Rashad Y. Janahi, Board Member and Managing Director – ADIH said, ‘this unique luxurious project will provide the best in terms of facilities and high quality finish. Al Areen Homes is our second project in Al Areen Development, following the success of Sunset Hills – and we have already approached the best in the field to work on it.