Dubai, 24th March, 2008: DAMAC Properties, the largest private sector luxury property developer in the Middle East, has opened a state-of-the-art sales showroom in Ras Al Khor. This branch - strategically located in proximity to Dubai Festival City and easily accessible for clients in Mirdiff and Al Wark - will further strengthen DAMAC Properties' presence in the UAE.

This new sales office at the heart of Ras Al Khor will simplify the buying procedure for potential investors by ensuring better access, and will enhance the visibility of DAMAC Properties' projects.  Located close to Al Badiya Golf course and to Dubai Festival City, the appealingly outfitted sales office features different show models and is staffed with specialized personnel trained to provide visitors with any information they need concerning DAMAC projects.

Mr. Hussain Sajwani, Chairman of DAMAC Holding said: "Ras Al Khor office is an excellent demonstration of DAMAC's expansion programme in the UAE and the region. We want to be both accessible to our clients and to perfectly meet those needs.  We already have an established presence in Dubai and this will further strengthen our position in the UAE."

"This convenient location makes it easier for our customers to reach us. DAMAC Properties is offering its valued clientele a variety of simple and accessible ways to attain the ultimate luxury lifestyle," said Mr. Peter Riddoch, CEO of DAMAC Properties.

With projects currently spread across six countries including UAE, Qatar, Jordan, Lebanon, Egypt and Saudi Arabia, coupled with an exponential growth in sales, DAMAC Properties is driving towards building an effective sales network in the region. The company's comprehensive customer care program provides solutions through its vast regional network with offices in the UK (London, Manchester), Ireland, UAE, Russia, Italy, Jordan, Saudi Arabia, Lebanon, Egypt and Qatar.

DAMAC Properties won two prestigious awards at the recent CNBC Arabian Property Awards 2007 - the 'Best High Rise Development' award for 'La Residence at the Lotus', and the 'Best Website' award for the company's revamped website - www.damacproperties.com. DAMAC's La Residence at the

Lotus in Business Bay Dubai has won the Best International High Rise Development Award that was held in Las Vegas recently.

Further information is available at www.damacproperties.com

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About DAMAC Properties
DAMAC Properties is part of DAMAC Holdings. DAMAC properties was established in 1995 and has grown into one of the most successful residential, leisure and commercial developers in Dubai and the Middle East, and is expanding rapidly into North Africa, Jordan, Lebanon, Qatar, Saudi Arabia and the Far East.

The company's portfolio includes properties spread across 500 million square feet and is worth in excess of US$30 billion. By partnering with world renowned architects and designers, DAMAC Properties aims to develop schemes that include residential, commercial and leisure facilities that will create an integrated community. The company's schemes are located in the most desirable and exclusive locations and the homes are built to a high quality specification that has become synonymous with the group.

Driven by a passion for excellence, DAMAC Properties manage all their projects from start to finish. The company's diverse range of expertise allows them to control land purchase activity, appointment of architects and designers, construction and sales and after sales service. In addition to support services provided by their Dubai headquarters, the company's comprehensive Customer Care Program provides solutions through its vast regional network with offices in the UK (London, Manchester, Reading, Leicester, Birmingham and Glasgow), Ireland, Italy, UAE, Russia, Jordan, Lebanon, Egypt, KSA and Qatar.

The parent company, DAMAC Holdings, has grown over the years from a specialist catering company established in 1982, into a multi-billion dollar corporation to become one of the largest organizations in the Middle East.

For further information, please refer to www.damacproperties.com

For more information please contact:
Niall McLoughlin, Senior Vice President
Corporate Communications, DAMAC
Tel: +971 4 3322005 Ex 383
Fax: 00 9714 3311028
Mobile +971 50 6251329
emaiI: niall.mcloughlin@damacgroup.com

Agency Contact:
Ashutosh Gupta/Padma Shivdasan
Tel: 009714 295 3456
Fax: 00971 4 295 1027
Email: ashutosh@batespangulf.com;padma@batespangulf.com

© Press Release 2008