Excellent location and extensive amenities promise an attractive lifestyle and prosperous business

Dubai- UAE, August 03, 2009: Leading Middle East property developer TAMEER Holding Investment LLC has commenced the delivery process of its recently completed landmark development located in the heart of Dubai Silicon Oasis.

"I am delighted to receive the first commercial unit at Palace Towers. It gives me great pleasure to be in the neighborhood of several major organizations that have chosen to establish their headquarters in Dubai Silicon Oasis, and I am confident the location will present strategic commercial advantages," said Mr. Hans-Joachim Rau, Managing Director of PERI (LLC), a subsidiary of PERI GmbH, the largest manufacturer and supplier of formwork and scaffolding systems in the world.

Federico Tauber, President of TAMEER Holding Investment LLC expressed his satisfaction at successfully delivering the project's first commercial unit. "I thank all our investors and the entire TAMEER team for their commitment to the Palace Towers project. We are very proud to present our first units to owners and look forward to welcoming the new occupants to this landmark complex in Dubai Silicon Oasis, one of Dubai's fastest rising and most attractive residential and commercial locations."

Palace Towers is a complex of 424 contemporary and elegant residential apartments, and 150 office suites allowing each owner to shape his own living and working space.

Strategically located on Emirates Road with easy access to Dubailand, Arabian Ranches and Dubai Autodrome, its close proximity to various schools, universities and retail outlets in addition to Dubai Airport and World Trade Centre makes it an ideal location for business and residence alike.

Palace Towers offers a range of amenities to its residents including a fully equipped gymnasium, children's play area, two swimming pools, as well as cafés, restaurants and shopping facilities.

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About TAMEER
Dedicated to the meticulous creation of comfortable living spaces and inspirational work environments, TAMEER Holding emerged with an ambitious vision of developing as the most trusted brand name in real estate during a time when the Middle Eastern real estate sector was defining itself. TAMEER's commitment to pursuing perfection and its relentless search for innovation, distinguished it as one of the pioneers that set the standards for the market from its inception.

Selecting the most prestigious and premium locations, TAMEER's landmark developments include the award-winning Tameer Towers at Shams Abu Dhabi on Al Reem Island and Princess Tower in Dubai Marina, one of the world's highest residential structures.

© Press Release 2009