Latest Master Development to Provide Unique Community Lifestyle for 50,000 Residents

Dubai: 17 October, 2007 - Dubai Properties today announced the launch of AED 40 billion Mudon, its largest master development to date. Covering an area of 73 million square feet, the project will be located in Dubailand.

Mudon, meaning 'cities' in Arabic, will incorporate five historic cities - Baghdad, Beirut, Damascus, Cairo, and Marrakech - within one large city. The architecture of each of the cities will resemble its real-life counterpart, providing 50,000 residents with an authentic living experience and a modern and luxurious lifestyle.

Mohamed Binbrek, CEO, Dubai Properties said: "Mudon is our largest residential project so far. It symbolises our commitment to conceive unique communities that contribute to the growth of Dubai.

"Mudon will recreate landmarks from historic Arab cities such as the colourful Kasbahs of Marrakech, the crowded bazaars of Cairo and majestic domes of Baghdad. From bustling Beirut to ancient Damascus, living in Mudon will be like stepping into the glorious age of Arabian renaissance."

All the five cities within Mudon will be a separate community developed around a signature golf course. Each will feature a distinct town plan including designated downtown areas.

"Mudon will feature a total of 3,200 villas and town houses and 8,500 apartment units, which will be fully designed developed by Dubai Properties," added Haiyan Mujarkech, chief officer for Business development and project owner.

"Residents will have a choice of traditional townhouses with shared, landscaped courtyards, stand alone villas featuring 3, 4, 5 and 6 bedrooms and high end 'signature' villas and apartments overlooking the fairways," he continued.

The downtown section of each city will also include residential buildings with studio, 1, 2, 3 and 4 bedroom apartments. Retail stores and boutiques will be conveniently located on the ground floor of these apartment blocks. Cafés, restaurants and hotel accommodation will provide added convenience in this part of the development".

Offices will be interspersed within Mudon, integrating a unique business hub into the thriving community. Communal areas and local amenities will include supermarkets, clinics, launderettes, and various other shared services located between the individual cities.

The project is being developed in phases over a period of 5 years, with the first phase due for completion by 2009.

-Ends- 

About Mudon
Located in Dubailand, Mudon incorporates five individual cities - Baghdad, Beirut, Damascus, Cairo, and Marrakech - within one large city. Valued at AED 40 billion, Mudon covers an area of 73 million square feet. The architecture of each of the cities will reflect their real-life counterpart, providing 50,000 residents with an authentic living experience and a modern and luxurious lifestyle. The charm and heritage of the cities will be reflected within the downtown areas. Retail stores and boutiques will be conveniently located on the ground floor of apartment blocks in the downtown of each city. Cafés, restaurants and hotel accommodation will provide added convenience in this part of the development. Townhouses and villas form housing estates, with a number of signature properties facing onto Mudon's golf course.

About Dubai Properties
Dubai Properties is a member of Dubai Holding and operates with the express aim of conceiving unique communities that add value for the customer and contribute towards the growth of Dubai. The portfolio of projects handled by Dubai Properties is diverse and represents the highest quality of real estate in the region. Dubai Properties offers mixed-use master developments catering to diverse lifestyles including Jumeirah Beach Residence, Business Bay, The Villa, Culture Village, Tijara Town, and Mudon. Dubai Properties also offers premium retail opportunities with The Walk at JBR and Bay Avenue at Business Bay.

For further information, please contact:
Linda Abdulhay
JiWin
Tel: +971 4 3613333
Fax: + 971 4 3688001
Mob: +971 50 4824185
E-mail: Linda.abdulhay@jiwin.ae

Lama Kabbani
Dubai Properties
Tel: +971 4 3602775
Fax: + 971 4 3695300
Email: lama.kabbani@dubai-properties.ae

© Press Release 2007