Dubai Properties to Showcase Exclusive Properties at Extravaganza Moscow

Dubai: 23 October, 2008 – Dubai Properties, leading master developer and a subsidiary of Dubai Properties Group, today announced its participation in Extravaganza Moscow, a premier exhibition of luxury properties and products. At the invitation only event for high net worth clients, Dubai Properties will showcase exclusive residential and commercial properties including the US$13 billion Culture Village and US$2.2 billion The Villa. The recently launched US$21 billion Mudon will also be spotlighted for the first time to European investors at the exhibition that will take place from 24 - 26 October, 2008. The first elemt of the project, The Cairo Townhouses, were first launched for sale at the recently concluded Cityscape Dubai, one of the worlds largest Real Estate Exhibition.Mohamed Binbrek, Group CEO of Dubai Properties Group, said: "From year to year, people from around Europe, inlcluding Russia, visit Dubai and most often prefer to establish their primary residence in this great city, effectively calling it home. As a leading master developer in Dubai, Dubai Properties offers a distinctive selection of well-appointed properties that cater to diverse lifestyles and needs. Ranging from beachside to central business district projects, Dubai Properties portfolio comprises a wide assortment of apartments, villas, offices and commercial space."Focusing on the real estate sector in the growing Eastern European market, Extravaganza Moscow is expected to bring together affluent investors and business professionals from around Europe and abroad. The event also draws leading industry experts, architects, designers, consultants, as well as key senior officials.Among several exciting activities, Extravaganza Moscow will feature a CEO Summit, real estate seminars, an award for the Most Extravagant Woman, a mini golf tournament, and an initiative by the Charity of Lifeline Foundation. Binbrek added: "Dubai Properties is pleased to showcase properties at Extravaganza Moscow, one of the main real estate exhibitions in Europe. We are also pleased to commence the sale of Mudon properties for the first time in Europe. Following the recent sales launch of the development at Cityscape Dubai in early October, Mudon has generated significant interest among international investors. In addition to Mudon, we will also feature other spectacular developments including the Culture Village and The Villa."Located within Dubailand, the 73 million square feet Mudon is among Dubai Properties biggest developments to date. Recreating five major Arab cities - Baghdad, Beirut, Damascus, Cairo, and Marrakesh – the mixed-use development will include 3,200 villas and town houses, and a further 8,500 apartments. Apart from retail outlets, office space, hotels, restaurants and other services, it will boast an 11 million sq. feet golf course as its centrepiece. The first phase of the project is slated for completion in 2010.Culture Village will span over 40 million square feet and feature wide open spaces, traditional wind towers, cobble stone walkways, unique sculptures, waterways topped with bridges, creek side souks, restaurants and cafes, an amphitheatre for live performances and cultural festivals, an exhibition hall and museums. The development will also comprise serene residential communities, vibrant retail and commercial sectors, academic institutions, schools, art colleges, and learning centres for dance and other crafts.The Villa is an enchanting retreat spanning over 35 million square feet. The project will epitomise a harmonious community that blends the best of Mediterranean living with the shifting desert sands. Featuring four, five and six-bedroom villas, The Villa reflects Spanish architecture and an expansive landscaped ambience ideal for outdoor living.Dubai Properties participation at the high visibility event in Russia follows its earlier success at Cityscape Dubai and AIPS Korea.