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Al-Futtaim Group Real Estate Wins 3 Top Honours at The Arabian Property Awards 2010 in association with Bloomberg Television

Dubai Festival City for Best Mixed Use Development

Al Badia Hillside Village for Best Residential Development

Festival Centre for Best Retail Development

Dubai, September 30, 2010 - UAE-based Al- Futtaim Group Real Estate ( AFGRE ), the real estate development and operations arm of Al- Futtaim Group , has won 3 top recognitions at The Arabian Property Awards 2010, in association with BLOOMBERG Television.

The group's megaproject, Dubai Festival City submitted three entries into the highly acclaimed property industry competition and won three awards in the categories of Best Mixed Use Development for Dubai Festival City , Best Residential Development for Al Badia Hillside Village, Dubai Festival City and Best Retail Development for Festival Centre , Dubai Festival City .

Ian Plumley, General Manager Residential Sales & Leasing, Dubai Festival City said: "We are extremely pleased with this prestigious recognition. Dubai Festival City is a premier waterfront community that interconnects the finest residential, shopping, dining, leisure and entertainment, hotels, automotive, schools and offices. It's an established creekside mixed use destination which offers an unrivalled community lifestyle with modern luxury, comfort and convenience. Developed by AFGRE , the group has built its reputation on the strength of its commitment, which is reflected in the unmatched quality of our projects. We are looking to consolidate our leadership position in the regional market and these awards provide us with the impetus to raise the bar in the pursuit of excellence".

"The awards are dedicated to the tireless effort and commitment of everyone associated with AFGRE , many hours of hard work went into these submissions and I would like to take this opportunity to thank and congratulate everyone for the splendid efforts made to achieve this success", he added.

The Arabian Property Awards is part of the International Property Awards, the world's most prestigious competition dedicated to finding the best real estate professionals across the globe. They celebrate the highest levels of achievement by companies operating in all sectors of the property and real estate industry. The fact that AFGRE has won these coveted awards is proof that the UAE generally and specifically Dubai, is not only able to compete at this level but also triumph within the highly competitive Arabian property arena.

Arabian Property Awards winners will be invited to attend a high profile gala dinner ceremony at the Madinat Jumeirah in Dubai on October 26 where they will be presented with their awards. Later this year, top scoring winners among these will compete against other winning companies from Europe & Africa, the UK, Americas and Asia Pacific to find the ultimate World's Best in each category.

Much of the judging was carried out by the International Property Awards' esteemed panel of judges at the London offices of Bloomberg Television but entries were also outsourced to leading experts in each particular field throughout the world. This year's judges included Luke McKend, industry head property markets of Google UK; Peter Bolton King, group chief executive of the National Federation of Property Professionals; Christopher Hall, president elect of FIABCI; Thijs Stoffer, International Consortium of Real Estate Agents Association (ICREA); Fiona Nixon, chairman of the Australia Institute of Architects, Hendrik Nelde, president of FIABCI Belgium; Helen Shield, editor-in-chief of International Homes Luxury Collection magazine and Sven Johns, CEO of the German Real Estate Association.

-Ends-

About Al- Futtaim Group Real Estate
Al- Futtaim Group Real Estate ( AFGRE ) is the real estate development and operations arm of Al-Futtaim group. AFGRE is responsible for the origination, conception, development, procurement and construction of mega projects, and the leasing and operation of these projects after completion. In addition, AFGRE develops and operates an extensive multimillion dollar portfolio of individual corporate real estate and investment assets across the MENA region. The two current flagship mixed use urban communities under the Festival City brand are Dubai Festival City , (5.2 million square metres) and Cairo Festival City (3 million square metres).

Designed to capture the ground breaking 21st Century spirit of Dubai, Dubai Festival City was the first fully integrated megaproject to be progressively delivered in the UAE. Encompassing the finest shopping, dining, entertainment, homes, schools, hotels, offices and leisure, Dubai Festival City is formed by three distinct districts and connected by a 30 kilometre internal road network and creekside promenade. Upon completion, 50,000 residents will live in 20,000 villas and apartments and 50,000 office staff will work at Dubai Festival City .

Cairo Festival City is the 2^nd fully integrated mega project to be progressively delivered. Encompassing the finest shopping, dining, entertainment, homes, hotels, school, offices and leisure, Cairo Festival City is connected by an internal road network and a necklace of parks interlaced throughout the city. Upon completion, Cairo Festival City will be home to over 13,000 residents in villas and apartments and a place to work for 50,000 office staff.

About Dubai Festival City
Dubai Festival City is an Al- Futtaim Group Real Estate development project which covers 5.2 million sq m and stretches 3 kilometres along the historic Dubai Creek that optimizes the thriving and visionary spirit of Dubai.

Dubai Festival City is an established creek side, mixed use destination and premier waterfront community interconnecting finest residential, shopping, dining, leisure & entertainment, international hotels, schools, golf course, automotive park and offices. It is formed into three distinct districts and connected by a 30 kilometres internal road network and creek side promenade. This existing community offers freehold villas and apartments for sale and lease which combine traditional and contemporary architecture. Upon completion, the community will be home to 50,000 residents living in 20,000 villas and apartments, and ideal place to work for 50,000 office staff.

About Al Badia Hillside Village
Inspired by the quaint hillside villages nestled along the Mediterranean coast, the earthy rich hues and textures of Al Badia Hillside Village are infused with a blend of century's old Arabian culture and design. The cobbled streets and distinct architectural nuances are reminiscent of a bygone era, yet Al Badia Hillside Village is where traditional values meet modern day comfort. Residents can choose from many unique apartments featuring enclosed courtyards, open terraces and covered loggias studios, one, two and three bedroom apartments with basement parking. Benefiting from its unique landscaped hillside setting, all apartments feature inspiring views across the banks of Dubai Creek, the rolling fairways and greens of Al Badia Golf Course or of the dramatic, panoramic Dubai skyline.

About Festival Centre
Festival Centre is home to Dubai's premier concerts and festivals and has hosted world class entertainers such as Carlos Santana, Maroon 5, Tamer Hosni, Shah Rukh Khan and Kylie Minogue. It has also presented Dubai with a wide array of festivals from the Emirates Airlines International Festival of Literature through to Dubai Desert Rock and Dubai Bike Week. Festival Centre hosts events, parades, entertainers and musicians each week ensuring families are always engaged and rewarded for their visit.

The award winning Festival Centre is a landmark 2m sq ft urban retail resort which forms the epicentre of Dubai Festival City now acknowledged to be one of UAE's most exciting retail, dining and leisure attractions. Set on the historic Dubai Creek, Festival Centre , offers over 400 world class retailers, 90 restaurants, cafés and bistros, a 12-screens Grand Festival Cinemas complex and a parking for more than 10,000 cars. It also boasts a stunning Marina and some of the emirate's most photographed sunset vistas.

For more info please visit www.dubaifestivalcity.com | www.festivalcentre.com. For more details about sales and leasing, please call Residential Sales & Leasing Centre on the hotline 800 DFC (332) or email dfcsales@dubaifestivalcity.com for sales enquires and residential@dubaifestivalcity.com for leasing enquires.

For more information, please contact:
Diala Ballout
PR Manager / Dubai Festival City
Gmasco/Al-Futtaim Group
Mob: +971 50 280 0649
Email: diala.ballout@gmasco.com

© Press Release 2010