Dubai Properties LLC  Announces Key Infrastructure Milestones at Business Bay

Connectivity to Major Networks Brings Phased Development Closer to Completion

Dubai: 24 June, 2009 - Dubai Properties LLC, a subsidiary of Dubai Properties Group, today announced key infrastructure work including sewage, water network, district cooling, and power connectivity is steadily progressing at the AED110 billion Business Bay master development.

The master developer is also gearing up for the forthcoming delivery of the Executive Towers.

Business Bay is Dubai Properties’ 80 million sq. feet master development, located along the extension of the Dubai Creek. A ‘city within a city’, it is being developed along the lines of Manhattan of New York or the Ginza of Tokyo, for providing the best possible commercial environment to world-class companies, investors and businesses.

As one of the key milestones at the development, Business Bay was energized by a 132/11 kV power substation in February 2009 to feed the first and second phase, on the west side of the project. A second substation that will power the east side is set for completion in September 2009 while a third substation is set for construction in close proximity to the north end of the development.

Mohamed Binbrek, Group CEO of Dubai Properties Group, said:

Business Bay is our most acclaimed and ambitious project up to date. The unprecedented logistics and scale of construction that encompasses the development is closely supervised by Dubai Properties and relevant business partners and stakeholders, and we are determined to deliver all foundational function in a timely manner. In line with the progression of key infrastructural networks, Dubai Properties is continuously implementing improvements to the development, ensuring that all areas receive adequate attention and enhancement wherever needed.

As part of our commitment to shaping quality master developments, Dubai Properties complements the Dubai skyline with the delivery of several major projects. In line with our promise to our stakeholders, our status is backed by projects such as Executive Towers and the Creek extension at Business Bay, amongst other spectacular developments around Dubai. Client needs stand as our topmost priority and we will continue to bring on stream projects that serve as a benchmark for generations to come.

In line with the handover of many spectacular towers at the development, a comprehensive road network has been laid out throughout the first and second phase of project to serve the residential and commercial premises. Additionally, two parallel roads that are being constructed to the east and west of the development by the Road and Transport Authority (RTA) are anticipated to further benefit the Business Bay community.

Complementing this accessibility, a major portion of a thorough water network has also been completed last year and is scheduled to open soon. In parallel, an internal sewage network at Business Bay has been completed and will soon be connected to the Dubai Municipality sewage network.

Dubai Properties’ first project in Business Bay, the AED3 billion Executive Towers, markedly visible from the arterial Sheikh Zayed Road and Al Khail Road, is a vibrant residential and commercial environment.

While 10 of the residential buildings at Executive Towers feature studio-to four-bedroom apartments, others include one office tower (with 187 office suites), 60 villas located at the plaza level, eight boutique office villas and a three-level podium that offers parking bays for 4,500 vehicles.

The Executive Towers is serviced by an off-site district cooling systems, which are an effective and efficient means of air conditioning. Allowing central plants to cool water and distribute it through a network of piping systems to individual buildings, this system results in a 35 per cent reduction in energy consumption.

Offering district cooling connectivity to Executive Towers along with numerous other developments, the primary EMPOWER district cooling plant (DCP) located across Business Bay SC was activated in May 2009, offering chilled water to the development. At the same time, additional district cooling plant is planned for completion along the Al Khail Road side.

The AED1.2-billion Vision Tower at the Business Bay will release more than 500,000 sq. ft of commercial office space when all the 67 floors are completed. As the gateway to Business Bay, the bent glass facade of the tower with its high-tech transparent glazing is set to become a signature element of the entire development. Internally lit to create a luminous beacon at the night-time, Vision Tower will be seamlessly connected to the Executive Towers via a pedestrian bridge, linking the offices to Bay Avenue and the residential and hotel towers.

Business Bay offers waterfront high-rise towers, both commercial and residential, along the extension of the creek. It aims to provide world-class environment and infrastructure for global businesses, as well as a self-sustaining magnificent lifestyle for residents.

Notes to Editors

About Business Bay

Offering a unique lifestyle, Business Bay is a mixed-use freehold development in the heart of Dubai, featuring a place for people to work, enjoy and live an enviable lifestyle. Valued at AED 110 billion, Business Bay covers an area of 64 million square feet. Developed along the lines of Manhattan of New York or the Ginza of Tokyo, Business Bay will provide the best possible commercial environment to regional and international companies, investors and multinational businesses. Located between Ras Al Khor and Sheikh Zayed Road, this freehold master development covers an area of 64 million square feet. Business Bay will offer world-class infrastructure, design, urban planning, architecture and perfect environmental balance. It is one of the few developments that offer freehold office towers at the emerging centre of Dubai's new business district along the new creek.

About Dubai Properties LLC

Dubai Properties LLC is a member of Dubai Properties Group and operates with the express aim of conceiving and delivering to the market unique communities that add value for the customer and contribute towards the growth of Dubai. The portfolio of projects handled by Dubai Properties is diverse and represents the highest quality of real estate in the region. Dubai Properties offers mixed-use master developments catering to diverse lifestyles including Jumeirah Beach Residence, Business Bay, The Villa, Al Waha villas, Culture Village, and Mohamed Bin Rashed Gardens.

For further information, please contact:

Muhannad Al Badri
Jiwin
Tel: +971 4 3613572
Mob: +971 50 8559907
E-mail: muhannad.albadri@jiwin.ae

Or

Jan Dabrowa
Jiwin
Tel: +971 4 374 8566
Mobile: +971 5 922 3684
Fax: + 971 4 3688001
E-mail: jan.dabrowa@jiwin.ae