300 hectare project by the Atlantic oceanfront. 2,500 residences set around a vibrant beachfront; phase one sales to start soon. Hotels, commercial offices and extensive leisure facilities

Rabat, Morocco; August 23, 2007: Emaar Morocco, the wholly owned subsidiary of Emaar Properties PJSC, has finalised the master-plan for its Tinja resort community project, which forms part of the MAD 43.5 billion (US$5.34 billion) Memorandum of Understanding (MoU) the company signed last year with the Moroccan government under the high patronage of His Majesty King Mohammed VI, King of Morocco.

The 300 hectare (3,000,000 sq m) Tinja, located near the historic city of Tangiers and in close proximity to forest land and an estuary, ushers in a new lifestyle to Morocco with 2,500 residences set around a vibrant beachfront and an extensive array of amenities including a beach club, town centre, hotels, sports club and retail outlets.

"Emaar Morocco is one of the largest foreign direct investors in the Kingdom and we are thankful to the Moroccan government for the opportunity to undertake development projects in the country," said Mr Issam Galadari, Managing Director, Emaar International. "In line with the MoU we signed with the Moroccan government, we are creating world-class projects that complement the growth vision of His Majesty King Mohammed VI."

He added: "Tinja is envisaged as year-round leisure and tourist destination that will further tap into the booming tourism sector of the Kingdom. Emaar leverages on the picturesque location of the project along the Atlantic Ocean coast to create a self-sustained neighbourhood, which will strengthen the Moroccan economy."

A one-of-its-kind project, Tinja will be a pedestrian-friendly development with the accent on sustainable environmental practices. "We have undertaken an environmental impact study to ensure that any impact on the environment is mitigated. To achieve this goal, we have chosen elements such as greenways and introduced a forest club that will promote environment-friendly practices," said Mr Galadari.

Accessible easily from the Ibn Batouta International Airport and Tangier Med, the new Mediterranean sea port, Tinja design encourages walkways and green open spaces including parks.

To open for sale soon, Tinja homes comprise a collection of beach villas, townhomes and apartments. Six distinctive communities come together to form Tinja, each one with a special location and natural features that make the most of their surroundings.

The neighbourhood feel is heightened by a town centre, which will also support hotels, restaurants and retail components. In line with Emaar's focus on integrated lifestyle development, Tinja is exploring the introduction of a private school.

In addition, the community will have clubs featuring amenities such as restaurants, swimming pools, health and fitness facilities, and sports courts.

As part of the MoU, Emaar Morocco is also developing other mixed-use projects in the country, envisaged as world-class residential communities with tourism and retail components.

Emaar's expansion into Morocco is in line with its Vision 2010 to become one of the most valuable companies in the world. The company today has a significant presence in 36 markets globally and has also diversified into education, healthcare, malls, finance, and hospitality & leisure.

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About Emaar Morocco:
Emaar Morocco is the country subsidiary of Dubai-based Emaar Properties PJSC, a global property developer with six business sectors, more than 60 active companies and a collective presence in over 36 markets spanning the Middle East, North Africa, Pan-Asia, Europe and North America.

Emaar Morocco is one of the largest foreign direct investors in the Kingdom with projects of development value MAD 56 billion (US$6.867 billion) through strategic partnerships with the Moroccan government under the patronage of His Majesty King Mohammed VI, King of Morocco and Onapar. Emaar Morocco has signed a Memorandum of Understanding with His Majesty King Mohammed VI to undertake development projects of value MAD 43.5 billion (US$5.34 billion). The projects Saphira, Tinja and Oukaimeden are envisaged as world-class residential communities with tourism and retail components.

Emaar Morocco has also joined hands with Onapar, part of the ONA Group, to develop projects of development value MAD 12.4 billion (US$1.527 billion). The joint venture is developing Amelkis II and III, and Bahia Bay - luxury residential and leisure communities.

Morocco is a key market for Emaar in the Middle East and North Africa region, and the expansion is in line with Emaar's Vision 2010 to become one of the most valuable companies through a two-pronged approach of geographic expansion and business segmentation.

About Emaar Properties PJSC:
Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, on course to become the world's tallest tower. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Syria, Lebanon, Jordan, Morocco, Egypt, Turkey, Libya, India, Pakistan, Indonesia, the US, the UK, France and Canada.

Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier realtor; and formed a joint venture with US-based Turner International to strengthen execution capabilities. Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani Hotels & Resorts world-wide and 100 Formule 1 budget hotels in India.

Emaar holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company. For more information, visit www.emaar.com.

For further information please contact:    
Kelly Home
Nivine William 
ASDA'A Public Relations  
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa  
Tel: (+971 4) 334 4550
Fax: (+971 4) 334 4556
E-mail: k.home@asdaa.com
E-mail: n.william@asdaa.com

© Press Release 2007