Sama Dubai Participates in Cityscape Dubai 2008

04 October 2008
AED202 Billion (US$55.2 Billion) is Current Value of Company's Portfolio

Dubai-UAE: 04 October, 2008 - Sama Dubai, the international real estate investment and development arm of Dubai Holding, today announced it will showcase a model each from its three existing brands: 'Salam', 'Dubai Towers' and 'Urban Developments' at Cityscape Dubai 2008. The company's current portfolio of ground breaking projects is worth nearly AED202 billion (US$55.2 billion).

The seventh edition of Cityscape Dubai will be held from 6-9 October at the Dubai International Convention and Exhibition Centre. More than 1,000 exhibitors and 60,000 visitors including real estate professionals from over 130 countries are expected to participate in the event.

The Sama Dubai stand (3H20) will specifically spotlight its Urban Development brand represented by the US$3-billion Amwaj project in Morocco, which will provide a modern lifestyle within an authentic North African environment.

The US$1.1-billion Salam Resort and Spa-Yiti, which reflects the Salam brand's mission to be one of the finest integrated, luxury resort developments in the world, will also find pride of place at the Sama Dubai stand. Additionally, the 'Dubai Towers' brand, which aims to deliver a holistic corporate experience, will be showcased through the 'Dubai Towers- Dubai' project.

Farhan Faraidooni, Executive Chairman of Sama Dubai, said: "Cityscape Dubai is an exemplary opportunity for us as a company to interact with investors and potential property buyers to gauge their requirements. The event is also a forum for real estate professionals and industry peers to exchange valuable insights on latest market trends.

"As a top master developer in the region, Sama Dubai will showcase some of its current projects that reflect progressive architecture while embodying the company's vision and its social and environmentally responsible approach. Our developments bear testimony to our capabilities and our commitment to build unique, original and modern communities that belong to the people where it is developed through aesthetically integrating their local culture," he added.

The Tunisian Government recently approved the masterplan for the US$25 billion Med Gate project where infrastructure work has been rapidly progressing since December 2007. Scheduled for completion in 14 phases, the project is designed to host international firms, several premium luxury hotels and a series of diverse recreational and sports facilities. Upon completion, Med Gate is expected to generate further economic opportunities and facilitate growth in tourism and allied sectors.

Sama Dubai recently announced the successful completion of over 95 per cent of work on the waterfront (water-edging) at the 70 million square feet The Lagoons project. Comprising seven beautifully landscaped islands, the development will offer an inspired landscaped surrounding enhanced by a plethora of tranquil waterways, open parks and green belts, all in a natural habitat setting.

With 70 per cent reclamation of the royal island for Salam Resort Bahrain completed, the conference centre, a vital component of the project is scheduled to come on stream for the 2010 GCC summit. Other key components include the five-star deluxe hotel, spa and wellness center, as well as a vibrant retail souk.

Faraidooni added: "All our projects are on track to meet scheduled delivery deadlines. Visitors to the Sama Dubai stand at Cityscape Dubai 2008 will also gain an opportunity to learn about the various stages of progress achieved by our landmark projects across the Middle East and Africa."

Sama Dubai actively pursues international development opportunities in markets where there is a high potential for real-estate sector growth. Major projects are already underway, ranging from corporate towers, resorts and spas, to self-contained urban developments in a number of countries across the world. Sama Dubai pursues an overarching vision to be among the leading developers in the region and among the top five in the world.

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About Sama Dubai
Sama Dubai is a private company wholly owned by Dubai Holding. The international real estate investment and development company focuses on leveraging synergies across international, regional and local real estate sectors. Its aim is the creation of a world class portfolio of partners, properties and investments which distinguish it as a market leader.

Sama Dubai is active across several segments of the real estate development sector including tower buildings (under the 'Dubai Towers' brand), large scale resorts (under the 'Salam' brand), business developments, mega malls and more. www.sama-dubai.com

Sama Dubai's existing projects are:

· Dubai Towers - Doha, Qatar

· Dubai Towers - Dubai, United Arab Emirates

· Creekfront Development- Dubai, United Arab Emirates

· Amwaj - Rabat, Morocco

· Salam Resort- Bahrain

· Salam Yiti - Oman

· The Lagoons - Dubai, UAE

· Mediterranean Gate, Tunisia