| Caledonian Developments Dubai Property Fund |
| Monday, 29 May 2006 | |
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Caledonian Developments are pleased to announce the launch of their Dubai Property Fund. One of the aims of the Fund is to create a vehicle for the ex-pat community to share in the Dubai Property Boom, without the necessity of having to buy their own individual properties. As a direct result of Caledonian Developments’ strategic Middle Eastern alliance, with Kuwaiti listed developers, Al Mazaya Holdings, they have been offered their first commercial investment opportunity in Jumeirah Lake Towers, creating a potential 12 month return in excess of 100%. This will be achieved by reselling the development within the initial 12 month period to secondary investors. As outlined in the Information Memorandum, this is only the first of many opportunities that Al Mazaya will deliver. |