Overwhelming response to Mizin's Remraam launch

Mizin, a member of Tatweer, announced that over 3,000 people attended the sales launch of the third phase of its Remraam community, resulting in the project being sold out in just a few hours.

United Arab Emirates: Monday, May 05 - 2008 at 14:59
PRESS RELEASE

Remraam community.

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The overwhelming response from investors and buyers reinforced Remraam's continued status as Dubai's best selling community.

Remraam's previous phases also witnessed a similar sell-out. Following the overwhelming response of Phase-1 in November 2007, as part of Mizin's customer-centric approach, it dedicated the Phase-2 launch on 26 March 2008 solely to customers who missed out on the opportunity during the first phase.

Sami Al Hashimi, Vice President, Mizin, said: 'Our primary focus at Mizin is to identify customer needs in the market, and to develop stand alone projects that cater to those needs. Remraam's unique proposition that combines upscale living with value for money is testament to our new approach in real estate development. The record sell-out of Remraam's three phases also validates the phenomenal confidence customers have in our developments.'

Remraam is located in DUBAILAND adjacent to BAWADI Boulevard and Arabian Ranches. It will be a self contained community, offering a range of sporting and spa facilities, a dedicated community mall with restaurants, retail and entertainment outlets. In addition, it will also feature children's nurseries, landscaped parks, walkways, open areas and facilities which will represent nearly 85% of the total area of the project.

Construction on the 23.5 million sq ft development has commenced and the Remraam Community will be ready for occupation in Q4 2010.

Remraam is Mizin's fourth project. The company's previous projects include the 13 million sq ft Liwan project, the 19 million sq ft Arjan development, and the 16.5 million sq ft Majan development.

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Notes and media contacts

About Mizin
Mizin is the development arm of the multi-faceted Tatweer. The company was created in September 2006 to introduce innovative ideas that combine unique value propositions, timely execution and the highest international standards.

Mizin's mission is to be a new kind of developer, whose philosophy is based on innovation, delivering on time, proper planning and transparency. The company's aim is to become the most admired, trusted and respected developer in the UAE by combining business acumen with expertise and customer insight, supported by a service that is confident, transparent and genuine creating a memorable experience that is characterised by integrity and dignity.

Mizin has launched four strategically located communities (Liwan, Majan, Arjan and Remraam) covering a total area of over 73 million square feet. The projects are strategically positioned within the geographical location of New Dubai. As the business and commercial centre of Dubai steadily shifts towards the Emirates Road, Mizin will again be at the forefront.

Providing the customers with a different kind of product that suits their needs and lifestyles, new services and added value offerings as well as a different kind or buying experience are the key competitive differentiators through which Mizin aims to redefine property development in Dubai.

About Tatweer:
Launched in December 2005, Tatweer is one the region's most dynamic enterprises and a member of Dubai Holding. Comprising 10 market-leading brands, it oversees an ambitious business development plan.

Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, and Industry & Real Estate offerings. Its entities include Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; 'Universal City Dubailand', the 22 million sq ft development, featuring Universal Studios Dubailand as its centerpiece; 'The Tiger Woods - Dubai', an exclusive golf community that will include the first Tiger Woods designed golf course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project hosting 51 luxury hotels and more than 60,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first energy futures exchange in the Middle East set up in partnership with the New York Mercantile Exchange and Global Village, a premier family destination for culture, entertainment, cuisine and commerce.

For further information, please contact:
Agency:

Maya El-Hachem
Account Manager
Jiwin Public Relations
Exclusive Affiliate of Burson-Marsteller
in the Middle East
A member of Media Services Group
Phone: +971-4-3692925

Ghaith Nazzal
Senior Account Executive
Jiwin Public Relations
Exclusive Affiliate of Burson-Marsteller
in the Middle East
A member of Media Services Group
Phone: +971-4-3692926

Posted by Lara Lynn Golden, News Editor
Monday, May 05 - 2008 at 14:59 UAE local time (GMT+4)

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