Dubai, October 31, 2004: Emaar Properties today announced it has named Dutco Balfour Beatty-Al Ghandi & Consolidated Contractors International Company (DBB/ AG & CCC) as main contractors for The Dubai Mall, part of the company's iconic Burj Dubai Development.

The contract to build the world's largest retail development comprising 12 million square feet of total space and which features 5 million square feet of total retail space, is worth AED 2.7 billion.  The project is expected to be completed by 2007.

Turner Construction International are Emaar's project managers for The Dubai Mall. DPA Singapore are the Mall's architects while Meinhardt is the engineering consultant.

"Emaar has signed the joint venture partnership of DBB-AG & CCC to be their main contractors in the development of The Dubai Mall. Dutco Balfour Beatty has proved its merit on a number of our projects currently in various stages of development and we feel they have the capacity to deliver," said Issam Galadari, Executive Director Projects, Emaar Properties. "We will also shortly be nominating contractors for the Mall's mechanical, electrical and plumbing works."

The Burj Dubai development will incorporate, among other things the world's tallest tower, the world's largest retail development, a vast man-made lake, a distinctive landscaped park, a boulevard to match the best in the world, an upscale residential complex, a seven-star boutique hotel and a town that takes residents back into the Arabia of old.

"This is no ordinary Mall. There are design elements that will require great expertise. Our designers and engineers have ensured all factors flow in tandem with the overall design, look and feel of this unique mall which is indeed going to offer a lifestyle experience which goes beyond mere shopping," he added.

The Dubai Mall boasts many attractions including the world's largest indoor Gold Souq, several food courts, Waterfront Atrium, Fountain Oasis, a dedicated high fashion area, Olympic sized ice-rink, The Aquarium and Kiddy Land.

Landscaped gardens and parklands with stunning water features will add to the charm of The Mall. In terms of convenience, some 15,000 parking spaces are planned. On completion, The Dubai Mall expects to attract 35 million visitors in the first full year of business, with a continuing growth of 20 to 30 per cent a year.

"People will choose The Dubai Mall for wholesome family entertainment as well as for an exclusive shopping experience. The tourists will choose The Dubai Mall because it represents what Dubai stands for: a global city with a global vision," Issam continued.

Since the opening of The Dubai Mall Leasing Centre in June this year, Emaar has received an overwhelming response from international and regional retailers who want to be part of its unrivalled retail environment, which will be home to the globe's most esteemed brand names. More than 40 percent of the Mall's retail concepts will be new to this region.

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Note to Editor:
About Emaar Properties PJSC
Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$7.7 billion including the land bank, the Company's vision is 'Shaping the Future. Today' and focuses on innovation, meticulous planning and the pursuit of excellence. The Company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base. Currently, it has several major real estate projects under various stages of development including Dubai Marina, Arabian Ranches, Emirates Hills, The Views, The Meadows, The Springs, The Lakes, Hattan Homes, The Greens, Emaar Towers and The Residences at Burj Dubai. The company also owns and manages the Gold and Diamond Park. Emaar has started construction on its most ambitious project to date, the Burj Dubai Development, which comprises The Burj Dubai, The Dubai Mall, The Boulevard, The Old Town, man-made lakes, landscaped parks, etc. Emaar was recently selected for inclusion in the newly created Dow Jones Dubai International Financial Centre Arabia Titans Index. Emaar currently represents 5.7% of this index, which comprises 50 blue-chip companies throughout the region.

While Emaar continues to actively pursue expansion in its core business of innovative, high quality real estate development, it has diversified into related business lines to further build value for its 41,000 shareholders. In line with this corporate belief, Emaar also owns and manages three subsidiaries - Dubai Bank, focused on retail and commercial banking, EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services, and its technology and communications company, Sahm Technologies. Emaar is also the majority single shareholder in Amlak Finance, UAE's first mortgage finance company. 

For further information, please contact:
David D'Souza / Lina Anani                              
ASDA'A Public Relations                                                       
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Dubai, UAE                                                                 
Tel: +971-4-3355969,
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Emaar Properties   
David D'Souza
Tel: +971-4-367-3566 
Fax: +971-4-367-3705
E-Mail: davidd@emaar.ae

© Press Release 2004