- Two new iconic projects to be unveiled at one of the world's largest realty shows -

Abu Dhabi, 5th October 2008: Burooj Properties, one of the UAE's leading property developers and a wholly-owned subsidiary of Abu Dhabi Islamic Bank (ADIB), will exhibit properties worth AED3 billion at Cityscape Dubai 2008, to be held at Dubai International Exhibition Centre on October 6-9.

Burooj's stand at Zabeel Hall (ZH60) will showcase two new projects on Al Reem Island - Burooj Crystal and Burooj Terraces. The company will also feature Burooj Pearl, a 26-storey residential tower being developed near the Central Park on Shams Abu Dhabi.

"Cityscape Dubai is one of the world's leading real estate shows and provides us with an important platform to showcase our projects and development plans before a high quality audience," said Adel Ahmed Al Zarouni, Managing Director of Burooj Properties.

Noting that Burooj's participation at Cityscape Dubai last year was a tremendous success, Al Zarouni said: "We are very confident that this year Burooj Properties' presence at the show will result in positioning Burooj prominently in the industry. During the Abu Dhabi edition of Cityscape held in May this year, we've recorded overwhelming response from the market and this has reflected positively on our sales during that period," he added.

Citing a very recent survey about buying property in Abu Dhabi, which was conducted by Ameinfo in collaboration with Burooj Properties, Al Zarouni said Abu Dhabi is now one of the world's most promising markets in the real estate sector. An estimated investment of AED600 billion is being injected in various development projects on Al Lulu Island, Al Reem Island, Al Raha Beach, Yas Island, Khalifa City, Saadiyat Island and Mussafah to cater to the emirate's projected population growth which is expected to reach 3.1 million by 2030 from the current 930,000.

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About Burooj Properties:
Burooj Properties is a wholly-owned subsidiary of Abu Dhabi Islamic Bank. It was established in October 2005 with a revolving capital of AED 500 million. Currently capitalized at AED1 billion, Burooj Properties is engaged in the development of quality residential and commercial real estate projects in the UAE and the MENA (Middle East North Africa) region.

Burooj Properties' portfolio includes hotels and residences, residential units, commercial offices, retails outlets and industrial complexes. The company's products and services comprise property development, property valuation, property management, real estate investments, property financing through ADIB and property sales brokerage. Its current projects are worth a total of AED25 billion.

For more information please contact:
Burooj Properties
Bahr Ahmed
Tel: +971 2 6100598
Fax: +971 2 6679717
E-mail: b.ahmad@burooj.ae

Asdaa Burson-Marsteller
Ammar Al Thuwaini/ Olivia Olarte
Tel: +971 2 6334133
Fax:+971 2 6334137
E-mail: a.thuwaini@asdaa.com, o.olarte@asdaa.com

Press Release 2008