65 of 107 floors of Princess Tower Completed according to schedule

Dubai, November 16, 2009: Tameer Holding Investment LLC, a leading real estate developer in the Middle East, is progressing well on the prestigious Princess Tower, the world's highest residential skyscraper located in the magnificent Dubai Marina. Construction is progressing according to the master schedule and reached floor level 65 and core level 75.

Commenting on the excellent progress of the project, Federico Tauber, President of Tameer Holding Investment stated, "We are dedicated and extremely focused on developing projects that meet the highest level of expectations and offer the best in luxury and comfort to our customers. The Princess Tower once complete, will be a significant landmark in the Dubai Marina area and the UAE, and we are committed to ensuring the success and timely delivery of this project."

"The residents of the tower will have a panoramic view of the surrounding area, namely The Palm Jumeirah with the majestic Atlantis Hotel, Burj Dubai, the Dubai Marina, Dubai Sailing Club, reputed hotels, the sandy beaches and the endless horizon. In addition an abundant amount of private parking spaces are provided for occupants however, for those that prefer to use public transport, the Al Sofouh Tram will have a line adjacent to the building making the Princess Tower accessible to the Marina Mall, Mall of the Emirates and the Dubai Metro", added Tauber.

Occupying an area of 37,410 square feet, the tower houses a large selection of luxury two, three and four bedroom residential apartments, duplex villas and high-end penthouses.

The 107 floors of The Princess Tower are a combination of luxury apartments, retail sales outlets, sports and recreational clubs. Located amongst other prominent projects such as The Palm, Burj Al Arab, Madinat Jumeirah and The World Island, The Princess Tower offers its customers state-of-the-art facilities, high-quality finishes, well-designed interiors and a wide range of recreational facilities

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About TAMEER
Dedicated to the meticulous creation of comfortable living spaces and inspirational work environments, Tameer Holding Investment L.L.C. (TAMEER) emerged with an ambitious vision of developing as one of the most trusted brand name in real estate. TAMEER's commitment to pursuing perfection and its relentless search for innovation, distinguished it as one of the early pioneers in the fast expanding regional market.

TAMEER has experienced rapid exponential growth, increasing from a handful of dedicated individuals in 2005 to a multitalented team of professionals today, simultaneously cultivating its project portfolio to several landmark developments in the UAE, the GCC and the greater MENA region.

Selecting the most prestigious and premium locations, TAMEER's landmark developments include the iconic Tameer Towers, at Shams Abu Dhabi on Al Reem Island and Princess Tower in Dubai Marina, one of the world's highest residential structures.

For more information, please contact:
Tameer Holding Investment L.L.C.
Marketing Department
Tel: 00971 - 4 - 60 10 600
Fax: 00971 -4 - 60 10 611
Lama Khayer
TRACCS
Tel: +9714 - 3672530
Email: lama.khayer@traccs.net
TRACCS 24/7 Media Hotline: +97150- 9448389

© Press Release 2009