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TAMEER’s “Palace Towers” is Delivered

Residential and commercial complex set to be a landmark development in Dubai Silicon Oasis

Dubai, UAE, July 22, 2009

TAMEER Holding Investment LLC, a leading property developer in the Middle East, announced the successful completion of its Palace Towers development – a complex of 424 contemporary and elegant residential apartments, and 150 office suites allowing each owner to create their own workspace.

Located in the heart of Dubai Silicon Oasis, this city leading purpose-built, high-technology park is fast becoming a prime location for quality residential property and access to modern business facilities. Residents and tenants of Palace Towers can look forward to enjoying all the benefits this vibrant location offers.

Federico Tauber, President of TAMEER Holding Investment LLC commended the team responsible for successfully delivering this project: “TAMEER is dedicated to creating home and working spaces that enhance the lifestyle for its valued clients. A landmark development such as Palace Towers goes beyond just offering comfort and quality – its strategic location offers access to an enviable lifestyle. ”

Palace Towers is suitably situated on Emirates Road with easy access to Dubailand, Arabian Ranches and Dubai Autodrome. Its close proximity to various schools, universities and retail outlets in addition to Dubai Airport and World Trade Centre makes it an ideal location for business and residence alike. Palace Towers offers a range of amenities to its residents including a fully equipped gymnasium, children’s play area, two swimming pools, as well as cafés, restaurants and shopping facilities.

“We are proud to present our newest development. Its successful completion serves as an indication of our strong commitment to investors and customers, who can look forward to taking possession of their completed units and begin enjoying all of the facilities that Palace Towers has to offer”, Tauber concluded.