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Saturday, November 28 - 2009

Emaar International Jordan showcases Samarah Dead Sea Resort at Ekar Invest 2007

Emaar International Jordan, the wholly owned country-subsidiary of Emaar Properties, is showcasing its flagship project, the Samarah Dead Sea Resort at the Ekar Invest 2007 real estate, investment and banking exhibition to be held from December 10 to 13, 2007, at the Amman Exhibition Park on the Airport Road, opposite Dunes Club.

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  • Samarah Dead Sea Resort.
    Samarah Dead Sea Resort.
Organised by IFP Jordan, Ekar Invest 2007 brings together the major players in the Middle East real estate sector.

Emaar International Jordan will display a true-to-type model of Samarah Dead Sea Resort, a JD354m (Dhs1.84bn, $500m) project owned by The Dead Sea Touristic and Real Estate Company, a venture of Emaar Properties PJSC and a group of regional and Jordanian investors. The project is in line with the growth plan for Jordan as outlined by the King Abdullah II Fund for Development, and billed to energize the Jordanian economy through its focus on tourism growth and luxury property development.

Mr Steve McCartt, General Manager, Emaar International Jordan, said:

"Ekar Invest 2007 highlights the shifting trend in the Middle East property-scape, where emerging markets such as Jordan form the focus of international investors. The exhibition is a perfect showcase of the opportunities for growth presented by the Kingdom, and will be a magnet for serious investors."


Overlooking the Dead Sea, Samarah Dead Sea Resort comprises four key components: Samarah Hillside with residences and a community centre; Samarah Beach with residences and a Spa and Wellness Village; Samarah Golf with a clubhouse; and Samarah Rift. Emaar International Jordan has also opened a fully-equipped Presentation Centre, the first of its kind in the Kingdom.

He added: "We are highlighting the diversity of the Samarah Dead Sea Resort at the exhibition in offering various investment options - from residences to hospitality and leisure. We are bringing in a world-class project, and we are finalising the design for a key component of the resort - the Samarah Rift featuring residences, a retail village and business hotel."

Emaar's expansion into Jordan is in line with its Vision 2010 to become one of the most valuable companies in the world. The company today has a significant presence in 36 markets globally and has also expanded into education, healthcare, malls, financial services, and hospitality & leisure.
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About Emaar International Jordan:
Emaar International Jordan is the subsidiary of Dubai-based Emaar Properties PJSC, a global property developer with six business sectors, more than 60 active companies and a collective presence in over 36 markets spanning the Middle East, North Africa, Pan-Asia, Europe and North America.

The Dead Sea Touristic and Real Estate Investment Company, formed by Emaar Properties PJSC along with a group of regional and Jordanian investors, owns the project in line with the growth plan for Jordan as outlined by the King Abdullah II Fund for Development. The Dead Sea Touristic and Real Estate Company unveiled the Samarah Dead Sea Resort, a mixed master-planned community, in November 2006. The project features luxury villas, beachside amenities and an extensive retail spread.

Emaar International Jordan has opened its corporate office in Amman at the Rabia Towers.

About Emaar Properties PJSC:
Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation. Emaar has highlighted its remarkable global growth by debuting on the Financial Times Global 500 ranking, which provides an annual snapshot of the world's largest companies. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively.

Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in malls, hospitality & leisure, education, healthcare and finance, which have evolved from its integrated approach to customer service and property development.

Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, the world's tallest building and free-standing structure, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing the $26.6bn King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Libya, Algeria, India, Pakistan, Indonesia, the US, the UK, France and Canada.

An award-winning developer, Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier realtor; and formed a joint venture with US-based Turner International to strengthen execution capabilities.

Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani Hotels & Resorts world-wide and 100 Formule 1 budget hotels in India. The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions.

Emaar holds 30% equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company.

Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969; Fax: (+971 4) 335 6080

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