Investate showcases the "Octavian" and "Beachfront Living" projects at Cityscape Dubai 2008

Cityscape Dubai is billed as the world's largest real estate investment and development event. The projects, namely the "Octavian" at Dubai Business Bay and "Beachfront Living" at Dubai Waterfront were presented by Investate and its strategic development partner company Omniyat Properties Development Corporation "Omniyat".

Both projects are joint ventures between the two companies. Omniyat, based in Dubai is a distinguished real estate developer known for its intelligent developments. Omniyat complements Investate in its real estate projects further guaranteeing success and high positive returns for its shareholders.

The CEO of Investate, Mr. Salah Nooruddin commented, "Our strategic endeavours have already gathered momentum by means of our partnership with Omniyat and both these iconic structures have not only created a buzz regionally but made a high end statement internationally."

Mr. Nooruddin, speaking on the overwhelming response accorded to the Octavian stated, "I am delighted at the feedback received. It is all about delivering on your promise and the Octavian is fulfilling its promise of an 'intelligent' development - reflecting futuristic technologies and avant-garde quality standards". The Octavian is located in close proximity to the Dubai International Convention and Exhibition Center and the Dubai International Financial Center. It is designed by Kling Consult, a renowned German Engineering firm. The project is scheduled for completion by 2012.

Commenting on the Beachfront Living project at the Dubai Waterfront, Mr. Nooruddin added, "The Dubai Waterfront is one of the world's largest waterfront developments and is on track to become a landmark sustainable city founded on resource efficiency, social equity, and economic prosperity. Adding to its value is the brand equity of the high profile Madinat Al Arab, a world renowned address. We are immensely proud of our association in this project. The tremendous reception to the Beachfront Living project once again endorses Investate's dedication and commitment in raising the quality bar on all fronts".

In London, UK, Investate has recently acquired a 4.5 acre waterfront site currently known as the "Tideway Industrial Estate". The site occupies an enviable position in Central London fronting the River Thames and overlooking the prestigious and highly desirable neighbourhood of Chelsea. A $750m development is planned for the site which will include high end residential, commercial and retail components. The project confirms Investate's major international presence as this was acquired in the highly competitive London market at such an early stage in Investate's history.

In less than a year of its existence, Investate has launched real estate projects worth $1.9bn. In the first half of 2008, it announced net profits of over $16.1m, representing an annualized return of 30% on paid up capital.

Mr. Nooruddin concluded, "Investate in strategic partnership with Omniyat Properties will continue to acquire and transform the rarest of real estate into highly sophisticated prime structures. Our focus and intent to examine opportunities globally and across the real estate value chain continue and we are committed to set the pace in this highly commoditized market. We have upcoming projects in Bahrain and we have identified Saudi Arabia as a strategic market with great potential. We hope to announce new exciting investments in these markets soon. We remain true to our vision of becoming a leader by setting the pace and delivering on the promise of high returns to our shareholders"

Alongside Investate at Cityscape 2008 were other world renowned regional and international real estate investors, property developers, government and development authorities, leading architects, designers, consultants and all senior professionals involved in the property industry.