Emaar Properties highlights successful participation in International Investor Conference in London Showcases global growth strategy to UK-based fund

The Senior Director of Investor Relations at Emaar Properties today highlighted the benefits of the company’s successful participation in the Dubai Financial Market (DFM) International Investor Conference in London, which concluded today (May 22, 2008). During the two-day event, senior executives from Emaar presented the company’s global growth strategy to a high-level audience of London-based institutional investors and fund managers, and held more than 50 meetings with key decision-makers from the UK investment community. This is the second consecutive year that Emaar has participated in the DFM’s annual London roadshow. The company has participated in a range of similar events so far this year in the Middle East region, and has held meetings with over 350 institutional investors and analysts. Emaar plans to participate in a range of further international investor conferences later this year. “Emaar continues to see enormous growth in interest from institutional investors, and especially foreign fund managers,” said Arif Amiri, Senior Director – Investor Relations and Corporate Governance, Emaar Properties. “By participating in events such as the London roadshow, we will continue to attract increased foreign institutional investment.” In its presentation to London-based institutional investors and fund managers, Emaar highlighted the company’s extremely strong fundamentals, including record sales growth in its domestic market. In the first quarter of this year, domestic sales reached AED 5.6 billion, an increase of 20 per cent compared to AED 4.681 billion in the fourth quarter of 2007. Meanwhile, the net asset value of the group – including the fair value of the land, real estate properties and market value of listed associates – rose to AED 16.9 per share in 2007, up 46 per cent from AED 11.6 per share in 2006. “During the London event, we were enormously impressed with the level of understanding of market dynamics in Dubai and the wider region among institutional investors and fund managers,” Amiri said. “This investment community also appreciates Emaar’s ongoing international expansion strategy based on our Vision 2010 of becoming one of the most valuable companies in the world by the end of this decade. As a result, the company is an especially attractive investment destination for these foreign fund managers looking for large-cap exposure to the high-growth Middle East and North Africa and Subcontinent regions. “In line with the growing interest in our company from international institutions, we will continue to participate in regional and international investor conferences, which we are confident will produce tangible results, including ongoing diversification of our shareholder base and growing equity research coverage of our stock. At the same time, we continue to expand the breadth and depth of information made available to the investment community. “In our latest investor presentation, for example, we have provided details of our successful sales launches in both domestic and international markets. With a pipeline of projects valued at over US$100 billion, the company forecasts international operations to contribute 60-70 per cent of total revenues by 2010. As a truly global company, then, we believe that reaching out to the international investment community, through events such as the DFM International Investor Conference, will provide enormous benefits for Emaar and its shareholders.” With an active presence in 36 markets and six diversified business segments, Emaar is today a truly global company, with business interests in the Middle East and North Africa, the Subcontinent, South Asia, Europe and the USA. For further information, visit: www.emaar.com/InvestorRelations/ -ends- Note to Editors 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 US$26.6 billion 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 per cent 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. For more information, visit www.emaar.com.