updated 11:28 a.m. ET Dec. 16, 2007

DUBAI, United Arab Emirates - Annika Sorenstam won the Dubai Ladies Masters by two strokes on Sunday in her first victory since she won here in 2006.

The Swede closed with 2-under 70 to finish at 10-under 278 at the season-ending tournament of the Ladies European Tour.

"I am so happy to have finally won again,'' Sorenstam said.

Overnight leader Iben Tinning of Denmark had a double bogey at the last hole and finished with a 73 to tie for second with England's Laura Davies, who shot a 72.

Six players, including halfway leader Lisa Hall, tied for fourth at 6-under 282.

Sophie Gustafson of Sweden won the Ladies European Tour Order of Merit after finishing 3-under and tied for 15th - good enough to beat Bettina Hauert of Germany, who tied for 65th.

Gustafson earned $320,519 for the season compared to Hauert's $317,318.

For much of the last round at the Emirates Golf Club, it was a three-way battle for the title - with Sorenstam, Tinning and Davies tied for the lead at 9-under after 10 holes.

Davies was the first out of contention with bogeys on the 12th and 15th holes, before finishing with a birdie on the 18th.

Tinning went to 10-under with a birdie on the 11th. She could have increased her lead on the 16th, but her birdie putt from 15 feet stopped just short of the hole.

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Sorenstam joined Tinning at 10-under with a birdie on the 17th, where she made a 16-foot putt.

On the final hole, Tinning tried to make the par-5 green with her second shot, but the ball rolled back into the water guarding the front of the green. Sorenstam laid up and then made par for the win.

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