National Bonds Corporation (NBC), the pioneer of Sharia'a complaint national saving schemes, has sold out all the residential units it opened for sale at Skycourts, the elegant and affordable freehold residential community in the heart of Dubailand Residence Complex. The week-long sale was open exclusively to holders of National Bonds and Dubai Bank customers, following which the sale was intended to be made open to the general public. However, all 6 towers comprising over 2,300 units were sold out in 6 days, much earlier than planned. The AED 1.5 billion Skycourts project is scheduled for delivery in the first half of 2009.

'The response received from our bondholders and Dubai Bank customers was overwhelming and reflected their trust in National Bonds and the Skycourts' concept of providing elegant yet affordable housing in the UAE,' said Nasser Bin Hassan Al Shaikh, Vice Chairman and CEO of National Bonds Corporation. 'Approximately 40 per cent of the units sold out on the very first day of the sale and now we are closing the sale much earlier than planned.'

Skycourts will overlook the luxurious 'The Villa' project and a number of other Dubai landmarks, and can be easily accessed from key arterial roads including the Al Ain Road and Emirates Road.

Skycourts residents will also have access to world-class recreational and leisure amenities including health clubs and swimming pools, rooftop gardens and cafes, shops and free parking.

'We thank our bondholders for their trust in us and assure them that National Bonds Corporation is committed to ensuring secure investments as per the Shari'a law,' said Al Shaikh.