Solutions to assist in management of properties within Dubai Festival City

Dubai, May 28, 2006: SAP has announced that the Al-Futtaim Group, one of the leading and most diversified business groups in the region, has implemented SAP Real Estate module for management of properties for its Dubai Festival City development.

The implementation of the modules at Dubai Festival City - the waterfront 'city-within-a-city' on the banks of Dubai Creek - spanned over six months and was done using SAP's Solution Mananger methodology. SAP Real Estate has been used to manage its current portfolio of residential units, retail units and commercial units and will also be used for the Office Tower as well as the balance residential units and retail units coming up within Dubai Festival City.                                       

The SAP Real Estate module offers an integrated Real Estate Management Solution supporting the entire life cycle of real estate assets and is closely integrated with the financials and logistics functions of SAP ERP.

In his comments on the implementation of SAP Real Estate solutions, Mr. Craig Ryall, General Manager for Systems Technologies and Services, Al-Futtaim Group, said: "The first phase of the implementation covered the usage of SAP RE-FX for management of all the business transactions related to Real Estate Management of the current residential units, the Ikea showroom and the Toyota showroom. One of the main strengths of the new system is its transparent reporting on revenue and costs."

He added: "The adoption of best practices and full integration with the ERP solution will boost business efficiencies and allow Al-Futtaim Group to further leverage on its existing investments. In the future, we will implement the solutions across other properties within Dubai Festival city as well as properties managed by Al-Futtaim Real Estate."

The SAP Real Estate manages contracts for both leasing out and leasing in, as well as other real estate specific contracts; provides transparency in Real Estate Management; and improves processes for all types of real estate leasing.

In his comments, Mr. Essam Enany, President of SAP Arabia, said: "We are excited to add the Al-Futtaim Group to our list of global companies which have successfully implemented the SAP Real Estate solution. Companies are recognizing the strong functionality and integration capabilities the SAP solutions provide. Its value can be realized quickly and that is what our customers demand."

He added: "Some key benefits arising out of this implementation include streamlining Al-Futtaim's business processes at the Dubai Festival City project, increasing customer responsiveness and reduction of cycle times for request processing."

In the near future, Al Futtaim plans to implement a Facilities Management Solution with interfaces to building management and other associated applications, which will build up on the Real Estate Management solution.

A true all-in-one destination, Dubai Festival City seamlessly blends hospitality, entertainment, business and residential in one superb setting and is the Middle East's largest, privately funded mixed-use real estate development.


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About SAP
SAP is the world's leading provider of business software solutions*. Today, more than 32,000 customers in more than 120 countries run SAP software--from distinct solutions addressing the needs of small and midsize enterprises to suite offerings for global organizations. Powered by the SAP NetWeaver platform to drive innovation and enable business change, SAP business solutions help enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industries, including high tech, healthcare, retail, public sector and financial services. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at )

(*) SAP defines business software solutions as comprising enterprise resource planning and related software solutions such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

Media Contacts:
Ashutosh Gupta
Bates PanGulf PR
+ 97150 2834339 / + 97150 7985145
ashutosh@batespangulf.com

© Press Release 2006