Dear Investors,

Welcome to our Rainbow Towers Construction Update for the month of April 30, 2010.
Allow us to share with you the activities of this multi million dirham project which is located in Emirates City in the New Ajman district.

We thank you for investing in Rainbow Towers and for putting your unwavering trust and support towards our project.

We look forward in providing you with more information in our next coming issues.

Happy reading.

With best regards

The Management
Sweet Homes Group
      B10 Tower                                                        B14 Tower                                                         B15 Tower
  
  Rainbow Towers - B15 Tower - 30-04-2010G + 4P + 8th typical floor 
Master contractor resumes work - G + 4p + 8th typical



  Rainbow Towers - B14 Tower - 30-04-2010G + 4 Parking + 9 Typical 
One slab was casted




  Rainbow Towers - B10 Tower - 30-04-2010G + 4 Parking + 7 Typical 
Master contractor resumes the work - G + 4p + 7th typical.



InformationB15 - Master contractor resumes work - G + 4p + 8th typical
B14 – One slab was casted - G + 4p + 9th typical
B10 –Master contractor resumes work - G + 4p + 7th typical



Deshuttering work for core wall of 9th typical - B14 Tower
Sweet Homes Opens Escrow Account
with Dubai Islamic Bank - March 2009This follows the developer's announced registration with the Ajman Real Estate Regulatory Authority (ARRA), which has made it one of the first master developers to adhere to regulations set by the newly-formed agency.
The agreement was signed by Habib Bitar, Senior Vice-President, DIB, and Fahad Sattar Dero, CEO, Sweet Homes Holdings, in the presence of Sarwat Husain, General Manager, Sweet Homes Holdings and Naveed Khursheed, Vice-President, DIB
Committed to protecting its investors, the developer has identified the importance of registering for an escrow account to reduce investment risks, and to effectively draw in more foreign investments to Ajman.
April 02 2010 News Review
May 2 2009 News Review
Paradise Lakes Towers' new construction-linked payment plan ensures completion and delivery by 2011R Holding and the Real Estate Investment Corporation (REIC) of Ajman have announced the launch of a new construction-linked payment schedule to ensure delivery of 'Paradise Lakes Towers' project by end of 2011 - a move that reflects the developer's determination to complete the project by the new deadline, which has been approved by ARRA.
   
Sweet Homes awards Dhs450m construction contract to Master Civil Construction.Sweet Homes, a leading UAE-based developer and total solutions provider to the real estate sector, has awarded an Dhs450m contract to Sharjah-based Master Civil Construction Company for the construction of Towers B10, B14 and B15 - three out of the nine towers comprising its Dhs1.7bn 'Rainbow Towers' project.
Sweet Homes Real Estate LLC