39-storey project offers impressive views of Burj Dubai One-, two-, and three- bedroom units on offer One bedroom starts at AED 797,888

Dubai, June 26, 2006: Real estate major Emaar Properties today launched South Ridge 6, the fifth in a series of six South Ridge towers within the 500-acre Burj Dubai Downtown development.  

Offering impressive views of the iconic Burj Dubai tower, the 39-storey South Ridge 6 tower will feature spacious one-, two-, and three- bedroom apartments ranging from 835 to 1,787 sq. ft. The one bedroom apartments are priced upwards of AED 797,888.

Inspired by traditional Islamic architecture, all South Ridge towers launched so far have fetched overwhelming investor response. The towers have a unique design with the top sculpted into planes featuring elegant ornamental silhouettes. The interiors are characteristic of modern Islamic architectural styles and textures. All towers have modern amenities offered as standard in Emaar's lifestyle projects.

"The launch of South Ridge 6 has been keenly anticipated by the investors," said Bahiya Kayed, Assistant Director of Sales, Emaar Properties. "Its central location is convenient for home-owners who seek easy access to all the business and financial nerve centers of Dubai."

Potential investors can own a home at South Ridge 6 with just 20 per cent down payment followed by easy installments. They can visit Emaar's Downtown Living Presentation Centre at the Burj Dubai Downtown development from June 27, 2006, from 9am to 7pm to learn more about the project. Sales staff will be on hand to offer all assistance.

South Ridge towers are strategically located nearby The Old Town and The Old Town Island, and border the new Dubai International Financial Centre. The Burj Dubai Downtown development also encompasses the Burj Dubai Business Hub, Burj Views, Burj Dubai Boulevard, The Residences and The Dubai Mall, the world's largest shopping outlet.

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About Emaar Properties PJSC:
Emaar Properties, the Dubai-based Public Joint Stock Company and one of the world's largest real estate companies, is listed on the Dubai Financial Market and is part of the Dow Jones Arabia Titans Index. The company recently announced that its net profits for the first quarter ended 31 March 2006 reached AED 1.517 billion (US$413.1 million) - a significant rise on the AED 1.325 billion (US$361.0 million) for the equivalent period from the prior year. Emaar's net profits for the year ended 31 December, 2005 climbed 180 per cent, to a record AED 4.731 billion (US$1.288 billion). The figures represent a substantial increase on the AED 1.691 billion (US$460 million) for the year 2004, and reflect the significant growth the company has undergone since its inception in 1997.

With more than 14,000 homes handed over to satisfied customers, Emaar has several major real estate projects under various stages of development in Dubai including Arabian Ranches, Dubai Marina, Emirates Hills, The Views, The Meadows, The Springs, The Lakes and The Greens. The company also owns and manages the Gold and Diamond Park. 

Emaar has started construction on its most ambitious project to date, the AED 73 billion (US$20 billion) Burj Dubai Downtown development, which comprises the Burj Dubai - the tallest tower in the world when completed in 2008, The Dubai Mall, Burj Dubai Business Hub, The Lofts, The Old Town, The Old Town Island, Burj Dubai Boulevard, The Residences, Burj Views, man-made lakes, landscaped parks and gardens.

The company has joint ventures and projects across the region covering India, Egypt, Turkey, Morocco, Bahrain, Syria, Jordan, Pakistan, Lebanon, Tunisia and Saudi Arabia. Major international projects include: Cairo Heights and Smart Village, both in Egypt; Boulder Hills, a world-class leisure and residential community in Hyderabad, India; multiple resort projects in Morocco, including Amelkis II & III and Bahia Bay, luxury residential golfing communities; Eighth Gate project in Damascus, the city's first master planned community; and Lakeside in Istanbul, a landmark development for Turkey's cultural and commercial hub. In Saudi Arabia, Emaar is embarking on the creation of the AED 98 billion (US$26.6 billion) King Abdullah Economic City, a mixed use development covering 55 million square metres of greenfield land with a 35 km shoreline close to the port city of Jeddah.

Last year the property developer announced plans to aggressively expand the retail sector with investments of over AED 15 billion (US$4 billion) to develop approximately 150 malls in the larger emerging markets of the Middle East, North Africa (MENA) and the Indian subcontinent.

While continuing to actively pursue expansion in its core business of innovative, high quality real estate development, Emaar has diversified into related business lines to further build value for its 59,000 shareholders, which includes the Government of Dubai. Emaar owns and manages EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services. Emaar also holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking and is the majority shareholder in Amlak Finance, UAE's leading Islamic home financing company. For further information, please 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) 335 5969
Fax: (+971 4) 335 6080  
E-mail: k.home@asdaa.com
E-mail: n.william@asdaa.com

© Press Release 2006