Chapal exhibits at Asia Property Show

United Arab Emirates: Monday, 28 July 2008: Chapal, master developer behind a series of new landmark properties in Dubai and Ajman worth of 5,5 billion US dollars, has announced their participation at Asia Property Show which has truly become an important convention place within real estate sector in Asia and the whole globe.

The recent Chapal projects will be showcased at this foremost property event, taking place on 1^st to 3^rd of August in Singapore Expo, Singapore. These include Chapal Signature, Chapal Dunes and Chapal Corals, all located in Northern Emirate - Ajman, within Emirates Lake Towers, which is an immense 21 million sq.ft BUA master development of Chapal.

Chapal Signature will be the first commercial tower to be completed within the Emirates Lake Towers community. Located right at the gateway to the project, this 50-storey skyscraper offers immediate access to Emirates Road. 40 of its floors, comprising a total of 600,000 sq.feet of commercial and retail space, are dedicated to offices and businesses. These offices are provided with a wide range of infrastructural support and special amenities like broadband wi-fi, business centres, conference facilities and covered car parking.

Chapal Dunes on the other hand, is a residential tower that carries forward the Chapal tradition of exquisitely designed apartments that look stylish, make optimum use of inside space, have well lit interiors, and promote friendly, community lifestyles. It also has all the facilities you expect in project of this stature including gyms, spas, swimming pools and ample parking.

Chapal Corals - a 30 storey building with 472 apartments seeks to meet the needs of the value conscious end-user segment. The project's high investment prospective, prime location just at the lakeside, spacious studio, 1, 2 bedroom units and community-centric facilities enhanced its appeal to both investors and end-users alike.

Ahmed Chapal, Executive Director for Chapal said:

'This year, by virtue of our participation at Asia Property Show, we trust to expand our presence in the region's promising real estate market, by positioning Chapal as capable fund of investment to the regional associates. We chose to spearhead our entry into the UAE via Ajman primarily because it continues to enjoy a strategic location that positions herself as a profitable opportunity for investors and a very affordable place to own as a second home for the increasingly large expatriate communities in Dubai and Northern Emirates. Therefore we believe it will be irresistible to local property shoppers in Singapore.'

Like Dubai, Ajman offers the advantage of freehold, and its real estate market is booming due to the government initiatives on tourism and business. The Chapal World projects in Ajman are all strategically located close to the country's central highway, the Emirates Road, giving them easy access to international airports and the key business centres of the country. The construction has already commenced on all the projects launched by Chapal, and different phases of the development are being completed on time according to the construction schedule. This dedication to delivering on time as promised is what has helped build up Chapal's reputation in the market.

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About Chapal
The premier property developer in Dubai and the Northern Emirates.

One of the many eminent Chapal Group companies, Chapal World is the premier freehold property developer in Dubai and the Northern Emirates.

Chapal World has built its reputation providing high-quality, innovative spaces for the ultimate living experience. And over 25,000 satisfied customers are a testament to Chapal World's continued success.

Global experience with investors and buyers has prepared the company for its outstanding entry into the Middle East property market. Bursting onto the scene with Chapal The Destiny in Dubai Sports City, the project was applauded by both investors as well as end users. Chapal Club House - a 200,000 plus square feet amenity-laden haven of comfort, activity and relaxation.

Other hallmark projects in the UAE include the recent successes of Chapal The Glory, Chapal The Harmony, Chapal The Presidency and Chapal The Legacy. Conveniently located in Emirates City, seconds away from Emirates Road, these projects are all triumphs in their own right. Individually they shine, together they add to Chapal World's history of success. A history so bright it naturally paves the way for the latest project - Chapal Corals in Emirates Lake Towers, Ajman.

Emirates Lake Towers is the first master development in UAE by Chapal World. Spread over 3.5 Million sq. ft, this AED 10 Billion Dirhams project's total built up area exceeds 21 Million sq. ft.

Chapal World's total project and master development portfolio in UAE exceeds AED 20 Billion.

Chapal World's offices are located in Dubai, London, Karachi and Singapore.