Dubai Properties Group Announces 25 Buildings Reach Full Height at REMRAAM™ Community

46% of Superstructure Work Completed Ahead of Schedule

Dubai: 23 January, 2010 – Dubai Properties Group (DPG), a member of Dubai Holding, today announced the prestigious 23.5-million square ft REMRAAM™ development has registered another significant milestone with 25 buildings reaching full heights as construction rapidly progresses on the five, six and seven-floor residences.

More than 3,000 workers are on site daily with over 50 cranes operating throughout the development as 46 per cent of the superstructure is nearing completion ahead of schedule. In addition, infrastructure work continues across the development’s low-rise residential units.

With more than 85 per cent of excavation and 50 per cent of foundations completed at the site, work has commenced on the construction of roads to service the community that will feature upscale studio, one, two and three-bedroom apartments.

Khalid Al Malik, Group CEO, Dubai Properties Group, said:

The new construction milestones met by the REMRAAM™ development reflect our commitment to delivery schedules. We have mobilized our contractors and labour force to achieve rapid progress and offer a pioneering new project to clients and customers.

Contractors have commenced interior fit-outs including walls, floor tiles and fixtures. External primer paint is progressing with work continuing on balconies and decorative surfaces.

When completed, REMRAAM™ will be a self-contained community for a wide range of potential homeowners, offering lush landscaping over 85 per cent of the development and a gamut of facilities including swimming pools, a gym and health club, sauna and steam rooms, tennis and basket ball courts, a full-fledged community mall with restaurants and entertainment outlets, in addition to retail outlets, nursery, parks and walkways.

Notes to Editors

About REMRAAM™

REMRAAM™, a development of Dubai Properties Group, is the best selling development to date in the UAE, selling over 8,000 units within 7 months. Conceived to fill a prominent gap in the market, REMRAAM meets the needs of families looking to have an affordable yet upscale lifestyle, founded on unparalleled quality standards.

About Dubai Properties Group

Dubai Properties Group (DPG), a member of Dubai Holding, develops and manages properties, communities and destinations.  Through its subsidiaries Salwan and Dubai Assets Management, DPG provides end to end solutions for a variety of services including sales, leasing, facilities management and security.

The Dubai Properties Group offers a sustained level of quality and excellence from Dubai Properties, who develop fully sustainable communities, Salwan for property management services; and Dubai Asset Management, the facilities management and community security services provider.

Founded on principles of transparency, accountability, and dedicated customer focus, Dubai Properties Group aspires to become the best partner in providing unique lifestyles, by creating a world class organization that offers a wealth of industry knowledge and expertise through its people. DPG will constantly seek new and innovative ways in delivering comprehensive solutions for its stakeholders, investors and business partners.

For further information, please contact:

Dina Samhout
Account Manager
Jiwin Public Relations
A member of the Media Services Group
Phone: +971-4-3755247
Fax: +971-4-3688001
Email: Dina.Samhout@jiwin.ae

Or 

Stephanie Goodell
Director PR & Corporate Communications
Dubai Properties Group
Tel: + 971-4-4352042
Fax: + 971-4-3672972
E-mail: Stephanie.goodell@tatweerdubai.com