Construction Gains Momentum as 35% of Buildings Reach Full Height

Dubai: 11 March, 2010 - REMRAAM™, a Dubai Properties Group Development, today announced it has opened two model apartments for viewing by potential customers and investors.  Tours of two completed units at the 22.6 million sq ft community in the heart of DUBAILAND® are now being scheduled.

Site tours will be scheduled twice daily on Monday, Tuesday and Wednesday, by appointment only, to allow potential REMRAAM customers to view two elegantly furnished one and two bedroom apartments and observe construction milestones throughout the development.

In addition, Dubai Properties Group (DPG) confirmed that work is progressing at the prestigious community with superstructure work 47 per cent complete and more than 35 per cent of the buildings have reached their full height. 52 per cent of buildings have reached the third-floor level, and 48 per cent have now risen to the fourth-floor level.

Block and plaster works have been completed on several buildings, while external paint works are progressing on site. The external decorative GRC and metal works are already being installed on the buildings' facades. Work on the wall and floor ceramics are progressing, as well as the A/C, electrical and plumbing systems.

Nearly 90 per cent of the sanitary network is also complete, and construction work is underway for the 132 kv power substations. More than 2,700 workers are currently working on site.

Khalid Al Malik, Group CEO, Dubai Properties Group, said:  "We are thrilled to be able to offer our investor an opportunity to preview the model apartments and asses the ongoing construction progress at the development."   The construction milestones on the REMRAAM community are a strong indication of DPG's commitment to project delivery.

Set across 22.6 million sq. feet and combining upscale community living with a value for money proposition, the Arabian-themed REMRAAM features low-rise architecture, high quality standards and an outstanding location within DUBAILAND®, the region's largest tourism and leisure development.

When completed, REMRAAM will be a self contained community for a wide range of potential homeowners, offering lush landscaping in over 85 per cent of the development and a gamut of facilities including swimming pools, a gym and health club, sauna and steam rooms, tennis and basketball courts, a full-fledged community mall with restaurants and entertainment outlets, in addition to retail outlets, nursery, parks and walkways. 

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About REMRAAM™:
REMRAAM™, a development of Dubai Properties Group, is the best selling development to date in the UAE, selling over 8,000 units within 7 months. Conceived to fill a prominent gap in the market, REMRAAM meets the needs of families looking to have an affordable yet upscale lifestyle, founded on unparalleled quality standards.

About Dubai Properties Group
Dubai Properties Group (DPG), a member of Dubai Holding, develops and manages properties, communities and destinations.  Through its subsidiaries Salwan and Dubai Asset Management, DPG provides end to end solutions for a variety of services including sales, leasing, facilities management and security.

The Dubai Properties Group offers a sustained level of quality and excellence from Dubai Properties for development of fully sustainable communities and Salwan for property management services company; to Dubai Asset Management, the facilities management provider and community security services.

Founded on principles of transparency, accountability, and dedicated customer focus, Dubai Properties Group aspires to become the best partner in providing unique lifestyles, by creating a world class organization that offers a wealth of industry knowledge and expertise. DPG will constantly seek new and innovative ways to deliver comprehensive solutions to its stakeholders, investors and business partners.

For further information, please contact:
Dina Samhout
Account Manager
Jiwin Public Relations
A member of the Media Services Group
Phone: +971-4-3755247
Fax: +971-4-3688001
Email: Dina.Samhout@jiwin.ae

Stephanie Goodell
Director PR & Corporate Communications
Dubai Properties Group
Tel:  + 971-4-4352042
Fax:  + 971-4-3672972
E-mail: Stephanie.goodell@dubaipropertiesgroup.com

© Press Release 2010