Index, Limestone House and Control Tower units to be released for sale on the UP stand on last day of Cityscape

Abu Dhabi, Wednesday, May 15, 2008:  Union Properties PJSC (UP), one of the leading property developers in the United Arab Emirates and a proud recipient of the Mohammed Bin Rashid Al Maktoum Business Award for Real Estate Development are showcasing three of its projects at Cityscape Abu Dhabi from the 13 -16 May at the Abu Dhabi National Exhibition Centre. With the extension of the exhibition by one day, UP will be releasing residential and commercial units for sale. Home owners and investors will have the opportunity to purchase units from Index, Limestone House and MotorCity's Control Tower on Friday, May 16. MotorCity, Index, an 80 storey multi-purpose tower and Limestone House are all on schedule for a 2009 completion.

"With Abu Dhabi's property market growing steadily UP's participation at Cityscape Abu Dhabi is part of our strategy to create local awareness for our brands at a suitable platform, it is an integral part of our communication activities that also gives us the opportunity to network with the industry professionals, regional and international investors, property developers, leading architects and designers," said Simon E. Azzam, Chief Executive Officer, UP.

"Construction for all our projects is progressing at good speed. Concreting for the 80-storey Index tower located at the Dubai International Financial Centre (DIFC) has reached level 71 whereas concreting for Limestone House is complete on all 15 levels. Concreting for the 38 storey Control Tower in MotorCity, the highest point in Dubailand is now complete on all levels and we recently reached a milestone by finishing the last remaining structural concrete slab on Area One of the two construction areas of UPTOWN MotorCity, contracted to Al Naboodah Laing O'Rourke LLC.  In addition to the already operational Dubai Autodrome, over the next year, MotorCity will see the completion of all its project components; residential units of UPTOWN MotorCity and Green Community MotorCity, Business Park MotorCity and F1X Dubai," added Azzam.

UP is showcasing MotorCity, Limestone House and Index at Cityscape Abu Dhabi, at UP stand number 2C10. MotorCity is the latest addition to UP's brands, Limestone House offers an incomparable standard of living focusing on opulence, style as well as traditional luxury and Index, the 80 storey multi-purpose tower will have state-of-the-art offices for multinational corporations and minimalist designed luxury apartments. 

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About Union Properties PJSC
Union Properties PJSC
Union Properties PJSC (UP), one of the United Arab Emirates' leading property investment developers, started as Union Property Private Limited in 1987 and floated as a public limited company in 1993. Celebrating '20 Years' of growth, innovation, motivation and attention to detail, UP has an outstanding reputation for professionalism and integrity throughout the UAE, serving public institutions, multinational corporations, the business community and the private sector. Today, Union Properties boasts an annual turnover of more than USD 788 million and projects under construction worth USD 5 billion.

UP's comprehensive range of services include Properties investment and development, project management, interior design and fit-out, property management, facilities management and MEP Contracting tailored to specific needs through its business associates and subsidiary companies. UP's subsidiary companies include Dubai Autodrome, Speedcar Series, F1-X, The FITOUT, Edara, ServeU, Thermo, GMAMCO and EMICOOL and associates consist of Regus, Marriott Executive Apartments and Courtyard by Marriott. 

With over 24 projects, the company has created a portfolio of iconic landmarks in commercial, residential and leisure developments, from high-rise towers to multi-use complexes, hotels and theme parks; such as The Tower, Green Community, UPTOWN Mirdiff, Net.community, Index, Limestone House and MotorCity. The success of UP is reflected in the company's steady growth accomplished by the commitment and loyal support of over 17,000 employees in all fields. This success is built upon six basic principles forming the company's ethical code; quality, service, innovation, care, trust and diversity.

Issued on behalf of Union Properties by tamra C2. For more information please call Randa Gharzeddine Email: randa@tamra-c2.com on 04 2951177.

© Press Release 2008