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Wednesday, November 11 - 2009

TAMEER achieves outstanding sales in first phase of Madinat Al Majd

TAMEER, Jordan's only company owned by TAMEER Holding, the region's pioneer in real estate development with headquarters in the United Arab Emirates, has achieved outstanding sales of 100 residential units in less than two months from the launch of Madinat Al-Majd.

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  • Madinat Al-Majd.
    Madinat Al-Majd.
General Manager of TAMEER in Jordan, Engineer Mohammed Habib said: "Guided by His Majesty's vision to provide every Jordanian family with the opportunity to acquire adequate housing, we have partnered with the public sector to give people with limited incomes the chance to own homes for suitable prices, especially that apartment prices in Jordan are on a continuous rise. Madinat Al Majd will hold 18,500 residential units in an area of 2 million square-meters". Engineer Habib also stated that the Jordanian citizens' demand for the project's apartments is very high.

The high demand for Madinat Al Majd comes as a result of its unique location on the main highway leading to Zarqa City, some 5km from Zarqa City and 25km from the capital Amman and the fact that it is being developed close to all public services and governmental centers and both the Hashemite and Private Zarqa universities; in addition, of course, to the low prices and flexible monthly payments.

Housing and Urban Development Corporation (HUDC) has started qualifying beneficiaries to buy apartments from the first part of the first phase of Madinat Al Majd, as applications are expected to be received from HUDC during next month to cover the HUDC's share in the first part of the project.

In December of last year, TAMEER was part of the most recent real estate event Ekar Invest 2007, attracting the largest number of visitors to its spacious booth that held the company's first project in Jordan, Madinat Al Majd.

Engineer Habib concluded by saying: "Madinat Al Majd is an initiative that we are now implementing in cooperation with HUDC to make the dreams of a wide segment of the society come true by helping people to stop paying rent and acquire proper residence, enjoying ideal topography with natural lighting and ventilation.
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About the Company
The journey of TAMEER began in 1991. This UAE-based company has grown over the years, with the aim of becoming the leading property developer in the region. In 2005, TAMEER Holding formed a strategic partnership with Al-Rajhi Investment Group and today the firm's investment portfolio in the realty market totals over Dhs150 billion.

Currently, TAMEER Holding is developing key projects in the UAE, such as its signature development "AlSalam City" in Umm Al Quwain, and "Al Ameera Village" in Ajman, with "Princess Tower", one of the world's tallest residential towers, located in Dubai Marina. This was followed by other key projects in Dubai such as the "Al Dana 1 & Al Dana 2" projects, "Al Shahd" Tower on the Emirates Hills, "Al Jawzaa" in International City, The Palace Towers in Dubai Silicon Oasis, "Elite Residence" in Dubai Marina and "Imperial Residence" in Jumeirah. The "Regal Tower" the "Silver Tower" and "Platinum Tower" in the heart of Dubai Business Bay and the "TAMEER Towers" and the "Gate" projects in Shams Abu Dhabi located in the capital's Reem Island."

In addition to these projects in the UAE, TAMEER has numerous international developments including "Madinat Al Majd" in Jordan and "Al Hanaa City" in Libya.

For more information, please contact:

Hunada Zein Edin
Corporate Communications Manager
Marketing Department

Rola Shalak
Assistant Manager, Corp. Comm
Marketing Department
00971 6 599 5161


Bassam Saifi
SAHARA PR
00971 4 329 8996
www.saharagcc.com

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