Mizin's REMRAAMâ„¢ Escrow Account Endorsed By Real Estate Regulatory

							Press Release



  Mizin’s REMRAAM™ Escrow Account Endorsed By
           Real Estate Regulatory Agency


Dubai: 22 April, 2009 – Mizin, the real estate property developer and a member
of Tatweer, today announced that the Real Estate Regulatory Agency (RERA) has
endorsed its existing escrow account for the REMRAAM™ community.


The endorsement confirms Mizin’s compliance with all RERA regulations while
reinforcing the company’s ongoing commitment to responding to the needs of its
customers.


While an internal escrow account for its REMRAAM™ community had been in place
for some time, Mizin has fast-tracked the independent endorsement of this account
by RERA to safeguard its customers’ investment.


The escrow account and subsequent RERA endorsement will serve to strengthen
confidence among REMRAAM™ customers that Mizin is carefully and proactively
protecting their interests by consistently updating regulators on all aspects of
construction throughout the project.


Ahmad Sharaf, CEO of Tatweer Investments, said: “This RERA endorsement
reinforces our commitment to meeting our customer’s needs and maintaining a high
level of transparency across all of our processes. Mizin remains committed to
creating a trusted and regulatory environment in Dubai’s real estate industry and
ensures strict compliance with the latest regulations. We believe these regulations
are critical for the long-term sustainability of the market.”

The endorsement of the escrow account follows Mizin’s announcement that its
REMRAAM™ development was amongst the first projects to have completed the
mandatory registration of all units with the Land Department within the specified
timeframes in full compliance with Dubai Law Number 13 of 2008.
Construction across all phases of the community continues as scheduled with 87%
of the water network for the 23.5 million sq ft REMRAAM™ community completed.
The excavation work for the foundations has been completed on 83% of the
buildings, while foundations have been poured on 48% of all building and selected
buildings have reached the 6th floor.




                                               -Ends-
About Mizin:
Mizin, a member of Tatweer, aims to become the developer of choice in the UAE, by combining
business acumen with expertise and customer insights, supported by a service that is confident,
transparent and genuine.
Since its inception in 2006, Mizin has already launched three strategically located communities,
LIWAN™, MAJAN™, ARJAN™ that cover a total area of over 70 million square feet. Each of these
developments focuses on creating a unique environment, thus enabling a unique lifestyle; MAJAN™ -
the dynamic, cosmopolitan downtown of Dubailand, ARJAN™ - an art-deco inspired metropolis and
LIWAN™ - the ‘gateway to New Dubai,’ modelled on modern architectural styles, offering the eclectic
lifestyle of a modern suburb.
Mizin’s fourth development, REMRAAM™, is the best selling development to date in the UAE, selling
over 8,000 units within 7 months. Conceived to fill a prominent gap in the market, REMRAAM™ meets
the needs of families looking to have an affordable yet upscale lifestyle, founded on unparalleled
quality standards.
Mizin is currently working on a series of innovative developments of varying usages such as iconic
towers, new retail and entertainment concepts as well as niche oriented residential and mixed use
developments.
Mizin will continuously place the needs of property buyers first, developing projects with people’s
lifestyles and aspirations in mind.


About Tatweer:
Tatweer is a member of Dubai Holding and one of the largest and fastest growing business
conglomerates in the region. Tatweer’s name is synonymous with some of the most ambitious
developments in Dubai and an equally extensive portfolio of prestigious projects in the pipeline.
Launched in December 2005, Tatweer owns and manages a strategic group of entities across six
diverse industry verticals: Leisure and Entertainment, Commodities, Healthcare, Hospitality,
Manufacturing, and Real Estate. The operations are strategically grouped under two distinct divisions –
Tatweer Dubai and Tatweer Investments.
Tatweer Dubai will focus on project development within the UAE and advance strategic long term
partnerships such as Partners-Harvard Medical International; the internationally renowned golfer Tiger
Woods; IRCA Global, and Universal Studios. Tatweer Dubai’s entities comprise Dubai Healthcare City
(DHCC), the region’s hub for world-class quality healthcare services; Dubailand®, the world’s most
ambitious tourism, leisure and entertainment destination; The Tiger Woods Dubai, the exclusive golf
community home to the world’s first Tiger Woods designed golf course; Bawadi®, the largest
hospitality, shopping and entertainment cluster in the world; Dubai Industrial City, a township to
develop Dubai as a leading manufacturing hub; IRCA Middle East, a joint venture with International
Risk Control Association IRCA Global, South Africa to provide comprehensive pure risk management
solutions to a wide spectrum of industries in the MENA region; Global Village, bringing together 160
different countries showcasing myriad cultures; and the Parks & Resorts DUBAILAND® featuring
Universal Studios DUBAILAND®, Dreamworks DUBAILAND®, Six Flags DUBAILAND®, LEGOLAND
DUBAILAND®, Marvel DUBAILAND®, Freej DUBAILAND® and HIT Entertainment.
Tatweer Investments will drive Tatweer’s foray into international markets, leveraging its synergy with
leading global strategic partners. It will extend Tatweer’s existing intellectual property portfolio and
generate innovative IP driven investments and partnerships overseas. The entities under Tatweer
Investment’s portfolio include Mizin, pursuing a vision to become the real estate developer of choice in
the UAE; Dubai Mercantile Exchange, the premier international commodity futures exchange in the
Middle East; and new businesses in the food and beverage industry forged through alliances with
leading international brands.



For Further Information, Please Contact:
Agency:
Dina Samhout
Associate Account Manager
Jiwin Public Relations
A member of the Media Services Group
Phone: +971-4-3755247
Email: Dina.Samhout@jiwin.ae

And/or

Ghaith Nazzal
Senior Account Executive
Jiwin Public Relations
A member of the Media Services Group
Phone: +971-4-3692926
Email: Ghaith.Nazzal@Jiwin.ae