Emaar Malls Group to open Dubai Marina Mall December 22, 2008

Notes and media contacts

About Emaar Malls Group LLC:

Emaar Malls Group LLC, is the retail and shopping mall subsidiary of Emaar Properties PJSC, a leading property developer based in Dubai, and drives its diversification into shopping malls. This is in line with Emaar's Vision 2010 to become one of the most valuable companies in the world. Emaar has announced investments in shopping malls of over $4bn (Dhs15bn) with 10 million sq ft of retail property in operation or under development in the emerging markets of the Middle East, North Africa, the Indian Subcontinent and South Asia and is on target to become one of the largest developers of shopping malls in the world.

At the forefront of these developments is the flagship The Dubai Mall, one of the world's largest malls in the heart of the Downtown Burj Dubai. Now open, The Dubai Mall is the region's premier shopping, lifestyle and entertainment destination. Emaar Malls Group is also operating or developing two other malls in Dubai; Souk Al Bahar, an Arabesque shopping and entertainment development on The Old Town Island which is now open, and the Dubai Marina Mall, a lifestyle shopping mall for residents of the Dubai Marina community opening in late 2008.

Internationally, Emaar Malls Group is actively planning or developing shopping centres in Egypt, Syria, Morocco, Turkey, Jordan and Kingdom of Saudi Arabia and continues to drive the company's expansion strategy on a global scale.

About Emaar Retail:

Emaar Retail is a wholly owned subsidiary of Emaar Malls Group LLC and is the vehicle for all retail operations. Emaar Retail is developing a portfolio of brands in key growth markets and is strategically building new alliances, joint ventures, franchises and licenses for all mall developments under the Emaar Malls Group umbrella.

Emaar Retail also manages the business operations for The Dubai mall's leisure and entertainment brands including KidZania, SEGA Republic, the Olympic-sized 'Dubai Ice Rink' and Dubai Aquarium & Discovery Centre. Emaar Retail has also entered into a joint-venture with Cathay Organisation in Singapore, to form Reel Entertainment to develop cinemas across the region including flagship 22-screen Cineplex at The Dubai Mall.

Emaar Retail was established to drive Emaar Malls Group's developments in key emerging markets across the Middle East, North Africa and the Indian Sub-Continent through creating the right retail mix for the various markets.

About Emaar Properties PJSC:

Emaar Properties PJSC is one of the world's largest property development companies and is rapidly evolving to become a global provider of premier lifestyles. Emaar Properties, which has a strong presence in 36 global markets, has expanded into shopping malls in line with its Vision 2010 to become one of the most valuable companies in the world through a two-pronged approach of geographic expansion and business segmentation.

For further information, please contact:

Kelly Home / Roisin Lillis
ASDA'A Burson-Marsteller
Tel: (+971 4) 334 4550