Al Rashed Real Estate teams up with ACI to offer architectural masterpieces in Ajman, in the heart of Northern Emirates

Dubai, 13th August, 2008: Al Rashed Real Estate today launched AED 3.6 billion freehold commercial and residential towers in the Northern Emirates, Ajman, and joined hands with ACI's marketing expertise, to strengthen its hi-end real estate solutions.

Springfield Residences and Highfield Commercial Towers - comprising four towers each - are located in Humaid City in Ajman, a self-contained development featuring a mix of residential and commercial complexes. Taking advantage of their strategic location on Emirates Road, the towers will be surrounded by lakes and green parks, as well as shopping facilities. Each residential tower will offer 25 floors to its residents, while each commercial tower will boast 45 floors - with a total built up area of more than half a billion square feet.

Commenting on the partnership, Mr Ahmed Al Kaabi, Chairman and Founder of Al Rashed Real Estate said, "We share ACI's rare spirit of excellence, and we are both humbled and honoured by the local and international marketing partners ACI has been able to attract. We strongly believe that our association will epitomize uncommonly high standards in every sense of the word."

Speaking on the alliance with Al Rashed Real Estate Mr. Robin Lohmann, Managing Director of ACI Real Estate said, "At ACI we are very selective about our ventures and each must display uncommon synergy and culminate in purposeful, sustained yields. We are honoured to market the project for Al Rashed Real Estate, who strives to set high standard of quality, creating innovative concepts and added value for customers."

With focus on meticulous attention to detail and majestic opulence, all towers will offer a plethora of high-tech facilities in an environ that affords plenty of natural light and stunning views. The commercial towers will offer ultra-modern office spaces and will feature a floor-to-ceiling glass atrium lobby. Springfield Residences will encompass studios, one and two bedroom apartments. In addition, the residential towers will feature a tranquility zone for the residents, where they can indulge in one of several state-of-the-art features of the recreational center - such as the Jacuzzi, roof top swimming pool, gymnasium and sauna.

Mr. Robin Lohmann, Managing Director, ACI Real Estate further added, "We are honoured to be associated with Al Rashed Real Estate on this prestigious venture. Our initiatives in Ajman will be aimed at providing competent marketing solutions to the company and fuel it towards the path of success."

The development is slated for completion by 2012.

The properties are developed by Al Rashed Real Estate, and marketed by ACI Real Estate - the name behind some of the region's most sought after projects including the Sports Legend Trilogy.

-Ends-

About ACI Real Estate:
ACI Real Estate is an affiliate of Alternative Capital Invest (ACI) GmbH, an innovative investment firm headquartered in Germany, representing some 8000 investors from Austria, Germany and Switzerland.

Headquartered in Dubai, ACI now has a staff of 60 talents drawn from across the globe, and a new field office in Abu Dhabi.

To date investment in the emirates is estimated at UAE 10 billion Dirham in leisure, residential, retail and commercial space across Dubai, Abu Dhabi, and some of the northern emirates.

ACI Real Estate is the name behind of the 'Sports Trilogy' project valued at UAE 2.2 billion Dirham (over USD 600 million) named for sporting legends: Niki Lauda, Michael Schumacher and Boris Becker, situated along the upscale Business Bay and the world's first 'Marine Legends' project valued at UAE 6 billion Dirham (approx USD 1.6 billion) to be situated along the Dubai's Waterfront.

About Al Rashed Real Estate:
A trusted name in the real estate market in UAE, Al Rashed Real Estate; headquartered in Ajman has quickly grown to win the trust of a discerning customer base in the UAE. This is best seen in the branch offices in the Emirate of Dubai, Fujairah and Ras Al Khaimah. Started primarily to provide customers with ever convenient services and facilities, the company believes in setting a high standard for quality, planning and finish thereby helping to raise the standard of living with its better planned and thought-out amenities. Not surprisingly, the projects of Al Rashed have been well received in the market.

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© Press Release 2008