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Saturday, November 28 - 2009

The Palisades plan strong participation at 2007 world property exhibition MIPIM

  • United Arab Emirates: Saturday, March 10 - 2007 at 11:35
  • PRESS RELEASE

The Palisades, Dubai's prestigious AED15 billion real estate project, looks set to take the international real estate world by storm at the forthcoming World Property Exhibition (MIPIM) which will take place between the 13-16 March in Cannes, South of France.

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The Palisades is the vision of His Highness Sheikh Issa Bin Zayed Al Nahyan, son of the late and globally recognised Arab statesman and founding father of the United Arab Emirates, Sheikh Zayed. The development will cover a staggering 15 million square feet in the heart of New Dubai, and will accommodate 55,000 residents on completion, phase one of which will be ready in 2008.

Speaking about the forthcoming European launch for The Palisades project, project spokesperson and Deputy CEO, Mohammad Al Ghafli said:, "Where better to launch The Palisades, one of Dubai's largest real estate developments, than at the world's largest and most influential property exhibition. MIPIM offers us a fantastic opportunity to bring this exceptional project to the global market.

"With over 20,000 property professionals and investors expected to attend MIPIM from an estimated 70 countries world-wide, this equates to billions of dirhams of potential investment for The Palisades, something we take very seriously. The full executive team will travel to this event, and our dynamic in-house sales team is fully briefed and ready to share their Palisades knowledge with buyers from around the world. The Palisades is a marvel, both in terms of size and vision, and we are confident that this project's European launch will generate huge interest among the world's property buying fraternity," Mr. Al Ghafli concluded.

The Palisades is an inspired and iconic project, which will boast the largest planned parkland area in the Middle East. Residents will not only enjoy acres of landscaped green space, but also classically inspired architecture. The development is inspired by the Georgian, Regency and Victorian architectural eras, the style of which will run throughout the entire development.
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Notes and media contacts

About The Palisades
The Palisades is a joint development between Pearl Properties and Aristocrate Holdings LLC. Site works are already underway, and construction for The Palisades started earlier this year.

About MIPIM
Functioning as a global market place, MIPIM provides a unique opportunity for industry decision-makers to meet, develop long-term relationships and showcase their latest projects. Over 4 days, participants collaborate to shape the future of the rapidly expanding international real estate market.

Pearl Properties
Pearl Properties, a company of H.H. Sheikh Issa Bin Zayed Al Nahyan, was established in 2005 with the mission to develop highly innovative and visionary projects in the residential, commercial and retail sectors of the U.A.E property market.

Aristocrate Holdings Limited
Established in 2006, Aristocrate Holdings Limited (Aristocrate) is a joint venture between Aristocrate Properties UK (Mr Osman Valli) and Ayaan Developments UAE (Mr Mohammed Al Ghafli). Notably the company is a 50% shareholder in Dubai Lagoons and equally Aristocrate is a 50% shareholder in The Palisades. In addition, Aristocrate is also delivering a five star hotel and 300,000 sq. ft of office space, 1.5million sq. ft of residential space including 200 luxury villas and five ground plus six-story apartments, together with 1.5million sq. ft of retail space, all at Dubai Investments Park.

Media Contacts:-
Fifth Ring Signature
Integrated Corporate Communications
UAE contact:
Deborah Cleary (UAE)
Fifth Ring Signature
Integrated Corporate Solutions
Office 710
The Fairmont Dubai
Sheikh Zayed Road
PO BOX 73310, Dubai
United Arab Emirates
T +971 (04) 3116789
F +971 (04) 3311765
www.fifthring.com

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