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Altair Development in Lusail, Doha, Qatar. new investment:Layout 1 30/7/09 08:56 Page 3

Contacts Contents

All communications and enquiries relating Executive Summary 01 to this offer should be directed to either: The Developers and Partners 02 Qatar Overview 03 Equity Investment Enquiries Investment & 07 Will Hean Property Market 09 Kenmore Property Group Lusail Overview 14 PO Box 282110 The Altair Development 17 UAE Tel: +971 (0) 42942032 Appendices [email protected] Key Executives 23 Developers and Sales Agents 27 Property Residential Enquiries Track Records 29 Andy McEwan Select Property Group Limited The Box Brooke Court Lower Meadow Road Wilmslow Cheshire United Kingdom SK9 3ND Tel: +44 (0) 7765237600 [email protected]

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02 Executive summary The Developers and Partners

Tameer Real Estate Company WLL has acquired a 72,000 square foot plot in the Tameer Real Estate Company WLL was established in Qatar in its current form waterfront of the Lusail masterplan, an expansion area just to in 2006 with a paid up capital of 324 million Qatari Riyals and assets over 1Billion the north of the centre of Doha, the capital of the State of Qatar. The plot QAR. Tameer is a national and international real estate development, investment surrounds a private beach at the northern end of the waterfront district. Lusail and holding company. The Board of directors is chaired by Abdulaziz Bin will effectively be a city with a population of 200,000 enjoying unrivalled Mohammed Al Attiya. employment, residential, , and transportation facilities on their doorstep. Kenmore Property Group is a leading, privately owned, Scottish property company with a strong UK and European management platform and an The intention is to develop a 35 luxurious residential tower over a gross impressive track record across the three main real estate disciplines: Investment, floor area of approximately 290,000 square foot consisting of 170 Development and Asset Management. Kenmore was formed in 1986 and now and with a total development cost of approx QR+300 million. is operates throughout the UK, Europe, Scandinavia and Dubai with assets under due for completion end-2011. It is anticipated that these apartments will be management in excess of US$ 3.7 billion. sold in a number of phases at sale prices between QR1,700 and QR2,100 per sq Alignment WLL is a successful and reputable Qatar-based real estate ft with the first phase to be launched in Q1 2010. development and investment management company. Partners include Abdualaziz Mohammed Al Attiya, who is Chairman of the Al Attiya Group of Tameer Real Estate Company WLL has teamed up with Kenmore Property Companies and H.E. Dr. Khalid Bin Mohammed Al Attiya, who was recently Group to co invest in the project and jointly established for that purpose appointed to Minister of State of Qatar for and Trade in addition to his Kenmore Waterfront Company WLL (‘the company’) in the state of Qatar. existing responsibility as Minister for International Co-operation. ME Alignment possess a strong track record and significant expertise in land acquisition and Further, Tameer Real Estate Company WLL has appointed Kenmore Property property development management for real estate projects of over US$250m Group and Middle East Alignment WLL to jointly perform the project development and project management services. Select Property Group is a global property company based in the UK that has completed residential property sales in excess of $1.4 billion to clients in over Select Property Group Limited (“Select”) is acting as sales agent for Tameer Real 80 countries over the last 5 years. Select specialises in the end to end provision of Estate Company, Kenmore Property Group and Middle East Alignment WLL marketing, sales and customer service solutions. It’s experience in the middle east (together “the Developers”) in relation to sales activities of the project. includes selling out all units in six residential towers at very similar in nature to the development project in Lusail. In addition to it’s core business Select Select and the sponsors are approaching a small number of high net worth is also an active JV property developer in Ras al Khaimah and Dubai. individuals and institutions to sell either equity in the development company or a material number of units within the project.

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04 Qatar Overview

Key Statistics (2008 estimates) Geography Rich Natural Resources Qatar is an independent Arab State situated Qatar has set itself apart from its on the Western , at the heart of the neighbouring countries, as not only is it the GDP $83.29 billion Arabian Peninsula, within close proximity to richest nation in the GCC and one of the GDP growth 11.8% , and sharing maritime richest nations in the , even during boundaries with and the United GDP per capita $101,000 the current global downturn Qatar is Arab Emirates. predicted to achieve GDP growth of GDP by sector approximately 9.6% in 2009, the fastest Agriculture (0.1%) Demography economic growth rate among ’s Industry (79.4%) richest nations. Due to an influx of foreign workers, Ranked third in the world in terms of Services (20.5%) triggered by the country’s economic natural gas reserves, Qatar’s phenomenal performance, a boost in population figures Inflation (CPI) 15.2% GDP growth continues to move from was reported in Dec ’08. The population Population 1.5 million strength to strength. increased by over half a million in just 4 Growth (%) 2003-08 102% years to record one of the world’s highest Expat population (%) 80 growth rates.

Economic growth and iconic real estate projects are a magnet to expatriates, lured to Qatar by attractive tax-free employment packages. Furthermore Qatar has a much higher number of professionals and technicians in comparison to the employment mix in the neighbouring states.

World’s richest nations (nominal GDP/Capita, 2008) World’s fastest growing population

Australia Afghanistan Austria Bahrain Belgium Burundi Denmark East Timor France Equatorial Guinea Finland Liberia Ireland Macau Qatar Netherlands UAE Norway Uganda Qatar Sweden 0 20406080100% Switzerland UAE USA

30 40 50 60 70 80 90 100 USD ‘000s

Voted ‘The best regional model for its neighbours to emulate’ by the World Ecomomic Forum.

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06 Qatar Overview

The Economy Growth and Development Qatar has achieved in decades what many • It was named the “best regional • Qatar's goal is to become a major countries take centuries to attain and is model for its neighbours to emulate” in international centre for finance and now one of the highest rated economies 2005 by the World Economic Forum. investment management, a vision among GCC countries according to Capital shared by its government, people and • Having experienced rapid growth in Intelligence, Moody’s and Standard & institutions. recent years, the Qatari government has Poor’s. Market Indicators, 2008 - 2013 accumulated trade surpluses which it is • The Qatari government has always held an open attitude to investment Its stable economy and relatively small investing in projects to diversify its 2008 2009 2010 2011 2012 2013 population has allowed Qatar to maintain economy. Unlike its neighbours, Qatar is and business, which is demonstrated its position as one of the best performing financing such projects from current oil through a multitude of facts: Population (m) 1.5 1.7 1.8 2.0 2.2 2.4 economies and has one of the world’s exports, which make it less reliant on • No income tax Per household consumption (US$m) 18,066 20,957 23,451 25,913 29,282 33,088 highest per capita GDP’s. external credit flows. • No withholding tax Current account balance (% of GDP) 19.4 3.0 19.5 22.4 22.9 20.0 Having been the least affected country in • The rich natural resources and Qatar’s • Stable exchange rate pegged Budget balance (% of GDP) 8.6 -2.1 2.4 5.1 5.9 5.7 the GCC region by the global economic attitude to business has enabled its to the dollar downturn, the future for Qatar is extremely residents to enjoy the second highest positive with its gas & oil reserves, GDP per capita in the world. development plans and rising population • $103,500 (2008) sustaining the demand for commodities, services and real estate. • $94,200 (2007) • $85,800 (2006) Oil and Gas Revenue Economic Diversification • Qatar is one of the largest exporters of Liquefied Natural Gas (LNG) and has The Qatari government intends to continue to boost public spending by the third largest gas reserves in the Main picture: Major Gas refinery. Qatar. world. allocating a total expenditure of $25.9 billion for the fiscal year 2009/2010. • Additionally it has oil reserves that With a commitment to invest in non oil could support its current levels of and gas sectors, the government is set to output for 37 years. achieve economic diversification through • Unlike other GCC countries, Qatar has public spending on transportation, not maximised the extraction of its healthcare, sports, and housing existing oil and gas capacity. projects.

• Qatar’s economy has only just begun diversifying from oil and natural gas, which still contributes to over 50% of its GDP.

Qatar’s residents enjoy the second highest GDP per capita in the world.

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08 Investment and Infrastructure

Qatar’s rapid economic growth has These expansion and growth plans The Qatar Investment Authority enabled it to become one of the include the following: The QIA was founded in 2005 to wealthiest countries in the world, and has strengthen the country's economy by the third largest reserves of natural gas in diversifying into new asset classes. the world. With this is mind Qatar is • Doha International Airport looking to spend a phenomenal $100bn The $5.5bn Doha International Airport is Headquartered in Doha, the QIA is a on investment and infrastructure projects being built with a capacity for 24 million sovereign wealth fund structured to by 2012. passengers and is expected to open in 2015. operate under the strictest financial and commercial disciplines domestically and • Expansion Projects internationally. As a result of its strategy Unlike other GCC countries, Qatar has Qatari officials have projected that they to minimise risk from Qatar's reliance on invested significantly in infrastructure expect at least $12.3bn to be invested in energy the fund predominantly invests in projects. The government currently has expansion projects over the coming years. planned infrastructure expenditure of $15 international markets (US, Europe and billion over the coming years, ensuring • Hotel Industry Asia) and within Qatar outside the that the country remains a very attractive The hotel industry in Qatar is energy sector. The fund focuses on three business destination. predicted to grow, with 8 new hotels, asset classes; real estate, private equity totalling 2,550 rooms to be added in and investment funds. the next 2 years to accommodate the growing demand.

• Qatar-Bahrain Causeway The $2bn construction works on Qatar- Bahrain causeway, stretching 40kms (25 miles) is expected in May 2010. The causeway will provide both rail and road connections between Bahrain , and Qatari peninsula.

• Rail Network Qatar is planning to build an underground light rail network serving the Education City development outside Doha. The system will be one of five components of a larger rail Qatar’s has the third largest reserves network serving the rest of the country that is planned by local developer Qatari of natural gas in the world. Diar Real Estate Investment Company.

Pictures opposite: Proposed new Doha International Airport The Friendship bridge linking Doha with Bahrain. Petroleum grounds at Energy city.

Main picture: Medical College at Education City.

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10 Investment and Infrastructure

Tourism Sport

Qatar has a strong strategy in place to Qatar is fast becoming one of the region’s develop revenue through . A leading sports destinations. After government allocation of US$17 billion for investing US$2.8 billion in infrastructure, tourism over the next five years, including it successfully hosted the 15th Asian the construction of luxury hotels, resorts Games in 2006 and will host the AFC and other facilities, will make the Asian Cup football tournament in 2011. country even more attractive to A wide range of major world sporting international visitors. events are regularly hosted in Qatar and with its bid for the 2020 Olympic Games, By 2010 Doha alone will offer 10,000 as well as the FIFA World Cups in 2018 rooms in 45 hotels, catering to the and 2022, Qatar is taking steps to elevate expected 1,000,000+ visitors. The number its position on the global stage. of hotel rooms of a luxury standard is set to increase to more than 29,000 by 2012. The Arts Further, the Qatar Tourism and Exhibitions Authority plans to grow the Qatar hosts the world’s premier collection tourism sector in Qatar by focusing on of Islamic art and handicrafts at the attracting a projected 1.4 million tourists Museum of Islamic Art. The annual Doha by 2011 for business, conferences, Cultural Festival every March attracts education, sports and culture. visitors from around the world and is one of the largest of its kind.

Business Tourism Shopping

Qatar is well-positioned to take advantage As well as the modern shopping of the business market, catering for an experience, Doha’s 'Souq Waqif', the array of functions, meetings and country’s oldest and best known , conferences. Doha Exhibition centre hosts is home to traders of everything from a suite of modern facilities and Qatar perfumes and jewellery to spices and National Convention Centre, (Opening in traditional crafts. late 2010), will include 57 meeting rooms, Qatar leads the way as the next 40,000 sq m of exhibition space as well as two auditoria, a multi-purpose hall and a tourism hub with US$17 billion of theatre to meet the demands of global investment in the next 5 years. conference and exhibition organisers.

Pictures below: Al Khalif Sports complex, Sports City The Museum of Islamic Art, Doha. Authentic goods at the famous Souk Waqif Marketplace.

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12 Property Market

Qatar has openly declared that the real It is predicted that sales prices for Development Plans estate market plays a pivotal role in freehold property in Qatar have now As the pace of development has slowed realising its vision. Therefore the levelled out and the decline during the after the initial boom in the 1960's, more fundamentals and key components to the fourth quarter of 2008 and May 2009 is consideration has been given to long-term sustainability of the real estate the worst likely to be experienced. The developing a city that symbolised Qatar's market are already being carefully planned fundamentals of Qatar's property market new urban character and global and implemented. are changing rapidly, but collective integration. The architectural style is supply has largely been controlled and evocative of Qatar's commitment to the aggregate demand is stable. Appreciation lifestyles of the past while encouraging Qatar’s strong economy, growth expansion technological development. Many and infrastructure programmes all form Rentals incorporate distinctively Islamic decorative styles executed in part of Qatar’s underlying fundamentals to High population rates experienced by modern materials. achieve a growing real estate market, Qatar over the last year have placed appealing to both local and foreign significant pressure on the demand for investors. For those developments situated residential property, resulting in a in more desirable, water front locations substantial increase in rentals of over 25% property is more likely to retain its value, in 2008. Whilst 2009 has seen the rental generate higher marketability and is better market steady, again those developments positioned to achieve higher rentals. in prime residential areas continue to command rental with a premium over Between mid-fourth quarter 2008 and end other less desirable areas. of first quarter 2009, average freehold sales prices were affected by the global downturn. Whilst these declines were heavily weighted in some areas, the average unit prices in premium areas such Doha ranked 2nd highest for residential rentals as Lusail largely sustained their price points and were only minimally impacted. in Q1 of 2009 amongst GCC Cities, equalling Dubai.

Residential Rentals, GCC Cities, Q1 2009

Abu Dhabi

Dubai

Doha

Muscat

Kuwait Qatar symbolises a new urban character and global integration with architectural styles committed to the lifestyles of the past whilst encouraging technological development.

Barhain

0 1000 2000 3000 4000 5000 6000 7000 8000 USD/month

Villas Apartments

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14 Property Market

The Doha's Parks and Promenades Property ownership laws

The award-winning and Qatar was the first market in the region to spectacular parks and promenades are open to outright foreign real estate considered to be the centrepiece of Doha. ownership with the passing of a law in The large-scale land reclamation project 2004 Regulating Ownership of Real Estate undertaken by the government to create and Residential Units by non-Qatari’s (the those waterfront properties is recognised “Foreign Ownership of Real Estate Law”). as a major engineering feat and a symbol of the country's economic and There are therefore currently three regimes technological advancements. existing in Qatar in respect of property ownership:

The Pearl GCC nationals may invest in and own The Pearl Qatar is one of the most iconic Real Estate in three approved developments. The man made island “Investment Areas”, namely Lusail, development is estimated to cost around Al Khuraj and Thaayleb Mountain. $2.5 billion and is by far the largest Non-Qataris can own real estate in property development undertaken in three designated projects - the Pearl- Qatar. The second phase of the Qatar, West Bay Lagoon and Al Khor development was released in March 2005 Resort. to much anticipation and post completion will form a 4-million sq m island home to Non-Qataris may also acquire rights around 30,000 people in an array of luxury over any real estate for a term of 99 and stunningly designed villas, town years renewable on similar terms and apartments. The Pearl will also within the Investment Areas. feature hotels, restaurants, shops and boutiques as well as a 700 berth A further law in 2006 allowed entry visas international yachting hub and residency permits to be issued to non- Qataris with interests under the Foreign Investment Law and the Foreign Ownership of Real Estate Law without a local Qatari sponsor.

Main Picture: Doha Corniche waterfront at night. Doha waterfront by day. The Pearl.

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16 Lusail Overview

Lusail Lusail is planned to contain 18 different area designated for low rise villa Qatar has planned a number of Lusail lies adjacent to another master development - The Pearl Qatar - and is districts, each with its own distinctive development around a championship commercial and residential development 6 bordered by the Arabian Gulf to the east uses and features. In summary the main Greg Norman golf course, offering projects designed to provide housing for 4 and the Al Khor expressway to the west. districts are; added amenity in terms of views and locals and expatriates who will work in the More specifically the subject plot is outlooks for the apartments. 3 expanding energy sector as well as other situated on the eastern boundary of the 1. Entertainment District industries. Lusail development. 2. Energy City The development has been designed 3. Media City to take full advantage of the plot's 1 2 The Lusail development is a master Meticulously planned, the Lusail 4. Waterfront District waterfront location. The concept planned community situated development will include a blue water 5. Marina District is based around a vertical villa, offering approximately 15 km north of Doha lagoon with two marinas, low and high 6. Golf District a unique mix of indoor and outdoor 5 covering an area of approximately 35 density residential accommodation, space in the units with courtyards, million sqm and will be home to balconies and a walkway providing the commercial areas, entertainment and The site occupies a prime location within approximately 200,000 people. As Qatar’s main access point to the apartments. leisure facilities, two golf courses, mixed the Waterfront Residential District of largest domestic development, Lusail All the apartments within the use areas, retail districts, schools, Lusail and benefits from a direct sea front. places Qatar on the map in terms of development offer full or at least partial mosques and medical centres. In addition, the east of the site is an property investment in the GCC region. sea views.

Main pictures: Artist’s impression of Lusail master development.

Pictures opposite: The centrepiece of Lusail, Fosters and Partners iconic towers. CGI Showing main Lusail boulevard.

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18 The Altair Development

Altair overview Residential Accommodation

Occupying what is probably the best The Villa Tower offers a total of 170 location on Lusail, Altair is a high end residential properties, all of which residential development which benefit from sea views. It comprises incorporates 4 retail units. Its enviable of a choice of simplex, duplex, triplex waterfront position and innovative design and penthouse properties, with the enables every property to benefit from number of bedrooms ranging from 1-5. The development offers two sea views. exclusive penthouse apartments with private pools and terraces Designed to embrace Arabic architecture, overlooking Lusail and out to central within the dynamic setting of Lusail, the Doha. result is something quite unique. Moving

away from Arabia’s historically horizontal All properties have been designed design, Altair is a vertical villa themed with layouts that optimise and tower which offers a mix of indoor and complement their location within the outdoor space. tower. Some have terraces, others benefit from courtyards, porches and Properties are spacious, light and airy, and balconies. The result is a high level of are carefully planned to maximise the individuality in Altair not usually spectacular views whilst still delivering associated with residential towers. complete privacy to their occupants. Contrasting the privacy offered by each Living areas are purposely open-plan, property, the use of courtyards, porches, ensuring rooms benefit from natural walkways and ‘gardens in the sky’ are all light and create a spacious and designed to encourage the sociable / generous atmosphere. Clearly defined community atmosphere, of villa kitchen and dining area, are a product neighbourhoods in the sky. of the functional design.

Designed to embrace Arabic architecture, yet represent it in a contemporary fashion.

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20 The Altair Development Interiors

Mirroring the architectural design of the development, the interior is equally successful in its fusion of ornate Arabic style and modern contemporary features.

Every thought has been given to the colours, finishes, furniture and lighting to ensure something of beauty and desirability is achieved, yet equal consideration has been given to the internal space, ensuring that both public and private areas work efficiently to meet the practical needs of the residents.

Apartment owners have the choice of 2 interior colour schemes, with top of the range kitchen appliances.

Pictures clockwise: Interior living area illustration with sea view. Spacious open kitchen and dining area. Master bedroom showing large open plan living through to sun terrace.

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22 The Altair Development

Facilities

To complement the superb living accommodation, courtyards and other communal areas, residents benefit from a range of leisure facilities and amenities, including:

Infinity swimming pool Gymnasium /Health Club Direct access to beach and beach club Landscaped gardens Café Development Specifications Parking Spaces

Unit Size Number Percentage Size Range (Sq.m) Each 1 bedroom property benefits from 1 parking space.

1 Bedroom 50 29% 88 - 166 Properties with 2 bedrooms or more

2 Bedroom 86 51% 119 - 264 benefit from 2 parking spaces. 3 Bedroom 32 19% 182 - 540 12 self contained garages are incorporated 4 Bedroom 2 1% 402 - 830 within the podium at ground level (these are allocated to premier 2 & 3 bedroom

Total 170 100% beach villa properties). Pictures clockwise: The Waterfront developments courtyard. Illustration of the main roadside entrance. Night time render of the development. Pool area showing direct access to the beach.

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24 Key Executives

Abdulaziz Bin Mohamed Al Attiya Ahmad Saaed Al Hassan Andrew White Philip Back Chairman, Tameer Real Estate General Manager Head of Middle East Development Director (KPG main Board Director)

On graduating from the Michigan Aquinas College in Mr. Al Hassan’s career started with the Qatari Armed Andrew White joined Kenmore in 1998 and helped to Philip Back joined Kenmore in August 2007 to the USA with a Science in Business administration Special Forces in 1985, he was then transferred to the establish Kenmore's regional UK office platform. In support Kenmore's development division in the degree, Mr Abdulaziz joined Qatar Central Bank, Doha Emiri Air Force in 1992 where he served until 2007. 2006 Andrew set up Kenmore's Dubai office and he Middle East. Philip has over ten years construction as an Auditing Supervisor. now oversees all activity in the Middle East. Andrew and development experience obtained in the He holds a Masters in General Law from the American has significant investment and development construction and development industry in and After 2 years at the bank, he joined Al-Attiya Motors & University of London and has been a part time experience from previous roles at two major funding around central London. He moved to the Middle East Trading Company, part of the Al-Attiya Group (AGTC) practitioner at Khalid Al Attiya Legal Consultant and institutions, Sunlife Properties and Hill Samuel Asset in 2004 and has worked on the prestigious Kempinski as General Manager, responsible for sole distribution Attorney in Qatar since 1997. Management. Hotel, Mall of Emirates and lead the development of a of Kia Motors and Renault Trucks. This was the 325 hectare mixed use community in . beginning of his successful career at AGTC and in Mr. Al Hassan is a licensed Lawyer in the State of 1995 he was promoted to the position of Managing Qatar, specializing in Commercial Law and Director for the Group. Arbitration.

Will Hean Mr Abdulaziz was MD for 7 years before achieving his In 2006, Mr. Al Hassan was appointed General second promotion to Chairman of the Board of Manager for Tameer Real Estate Co. WLL. Tameer is Investment Director Directors. He has played a key role in leading the currently owing, developing and managing 8 organisation to become one of Qatar’s leading groups construction projects in Qatar for a total value of of companies to provide varied services to a range of more than USD 200 MM including Tameer Village USD companies, including oil, gas, educational and 40 MM, Al-Sadd III Project USD 45 MM and the Energy medical. City Project USD 68 MM.

Will Hean joined Kenmore as Investment Director in the Middle East in April 2007. Will is a Chartered Surveyor with 18 years experience in the commercial property market having worked in London and Hong Kong for major property consultancies before returning to Scotland in 1996 to jointly set up Roxburgh & Co Property Consultants

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26 Key Executives

Oliver Alexander Christoph Kunz Mark Stott Andrew McEwan Managing Director Managing Director Cheif Executive Officer Director Select Property Group Limited Select Property

Oliver, a lawyer by profession, has been working with Christoph has a Master in Pedagogy. He started his Mark established Select Property Group in 2003 Andy joined Select’s investment division, ONUS in Abdulaziz Bin Mohammed Al Attiya and other professional career in tourism developing product lines having identified the opportunity for off-plan 2007 from Epiphany (Nasdaq floated) where he was members of the Al Attiya family in Qatar since 1998. for European tour operators. This led to further tourism property investment in Dubai. General Manager for Europe, Middle East, and . related project developments in the airline and hotel Andy developed Epiphany from start up in 2001 to Oliver is an expert in GCC construction law and has business. Since 1985 he has been active in the Middle Mark has 15 years experience of developing successful sale in 2006. managed large real estate development projects in East where the project development activities expanded across the retail, hospitality, automotive Qatar for the Al Attiya family for many years such as into general Real Estate developments in Dubai, Abu and property industries. Prior to this Andy was the Finance Director for Oracle inter alias the Al Waha Tower, project size USD 70 MM, Dhabi and Qatar including office, residential, mixed use Corporation’s Australasian business. the Zadara Tower, project size USD 145 MM and the and leisure & sports projects. Mark is an entrepreneur with over five years Lusail Waterfront Tower, project size USD 90 MM. experience in the property market in the Middle East. Andy is a member of the Institute of Chartered Oliver is managing ME Alignment WLL, a real estate Management Accountants, and has a BSC (Hons) in project development company wholly owned by the Mark has developed successful relationships with Civil Engineering from the University of Manchester Al Attiya family. market leaders within the property development Institute of Science and Technology. Andy has over 23 industry across Europe, the Middle East and Africa. years of experience in general management, finance and civil engineering.

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28 ME Alignment’s Management Track Record / References

Al Waha Tower, Qatar ME Alignment Management’s role Total Units 234 Entire development sold before • Initiator of Project & Owner’s representative construction commencement • Project development and coordination • Establishment of financial models and structure A 42-storey tower in the Dafna Area of Doha, • Design briefing and management Al Waha Tower comprises 234 residential units with car parking facilities and a list of exquisite • Negotiations and conclusion of construction contract amenities including spa, swimming pool and • Exclusive Sales Agent restaurant. • Project Value: USD 85m.

Swiss Tower, Dubai • Initiator of Project & Owner’s representative Pre Sold • Project development and coordination • Establishment of financial models and structure This commercial tower is ideally located within • Design briefing and management Lake Towers, Dubai. Comprising 42 • Development and management of marketing floors and offering a prime location for • Negotiations and conclusion of construction contract companies to be based, the tower has been • Management of complete tower sale developed in coordination with the Swiss Community and Consulate in Dubai.

Sadara Tower, Qatar • Representative of the owner Sold Out, Total Units 325 • Review of planning concept – including optimizing efficiency of project Entire development sold before • Establishment of financial models and structure construction commencement • Negotiations and conclusion of construction contract • Creation of Investor’s brochure Located in the prestigious Dafna Area in Doha, • Exclusive Sales Agent the 44-storey residential tower has a modern • Project Value: USD 99m design comprising 325 properties complete with 2, 3 and 4 bedroom apartments.

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30 Kenmore Management Track Record / References

Express Management, Dubai Kenmore’s Role: Development Mangers and Investors Development Details: 3 plots in total: 2 plots for labour accommodation for Express Management is a mixed use a total of 480 rooms, 1 plot for 5,200 sqm (56,000 sq ft development, well located in Dubai Investment of warehousing. Park (DIP), adjacent to the new Dubai World Central Airport. Completion: Expected Q2 2010.

The Greens, Plot 22, Dubai

Kenmore acquired one of the largest plots Kenmore’s Role: Development Mangers and Investors on The Greens development. The plot offers Development Details: Plot 22, one of the largest plots within The Greens a direct golf-facing aspect with exquisite facilities. development Apartments & Facilities: 7000 sqm (75,000 sqft) of high quality 1,2 and 3 bedroom apartments Sold Out: Site sold Q2 2008

Al Seef Island, Raha Beach,

Kenmore’s Role: Development Mangers and Investors An exclusive island in the Raha Beach overall Development Details: Planning consent consists within the island totals 62, master-plan Abu Dhabi, Al Seef Island is a luxury resort with direct access to a broadwalk 300 sq m (670,000 sq ft) of Gross Floor Area (GFA) promenade and the beach. Proposed Scheme: A total of 65 larger villas averaging 930 sqm (10,000 sq. ft.) Completion: Expected Q2 2012

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30 Select Property’s Track Record / References

The Torch, Dubai Marina Construction Company: Dubai Civil Engineering Total Units 658 Architects: National Engineering Bureau Piling Company: Zublin Landmark 81 storey super tower development Retail Value: US$ 210 million / AED 772 million located at the mouth of Dubai Marina. One, Status: Sold out two and three beds, and penthouses ranging Estimated Completion: January 2010 from US$ 190,000 to US$ 1.9 million.

The Point, Dubai Marina Total Units 188 Construction Company: Dubai Civil Engineering This 27 storey development occupies a superb Architects: National Engineering Bureau location on the marina, sitting right at the Piling Company: Bauer waters edge. One, two and three beds, and luxury penthouses and villas ranging from US$ Retail Value: US$ 57 million / AED 209 million 130,000 to US$ 952,000. Status: Sold out Development Status: Complete

Bay Central, Dubai Marina Total Units 751

Consists of three towers, one of which is a Construction Company: Dubai Civil Engineering Marriot 5* hotel under the Renaissance brand Architects: John Harris and Partners which will provide A La Carte services to Piling Company: Bauer residents. Studios, one and two beds, marina Retail Value: US$ 247 million / AED 908 million suites and penthouses ranging from US$ 171,000 to US$ 2.8 million. Status: Sold out Estimated Completion: December 2010

Investment brochure for The Altair Development, Lusail, Doha. Investment brochure for The Altair Development, Lusail, Doha.