Development Offers Largest Single-Owned Office and Retail Space within DIFC

Colliers International to Manage On-site Leasing and Property Management

Dubai-UAE: 2 May, 2015 - Arady Developments LLC, a joint venture between Dubai Properties Group (DPG) and Deyaar Development PJSC (Deyaar), has commenced the leasing of commercial and retail spaces at its Central Park development. The prime property is the company's landmark mixed-use development located at Dubai International Financial Centre (DIFC).

With the largest availability of single-owned office and retail space within the DIFC free zone, Central Park provides tenants with flexible leasing options. Arady Developments has appointed Colliers International, a global leader in commercial real estate services, to oversee onsite leasing and property management at the development.

Arif Mubarak, Chief Executive Officer, Arady Developments LLC, said: "We are pleased to offer tenants highly flexible, premium office and retail space, located at the center of Dubai's most dynamic business districts. Central Park offers national and international brands with a luxurious and convenient base for their businesses. Working with a team of highly qualified professionals at Colliers International will ensure the delivery of effective service to our customers. We welcome their engagement in our success story."

Stuart Gissing, Regional Director at Colliers International, said: "Central Park is a truly unique proposition in DIFC providing tenants with highly flexible and tailored leasing options. Colliers International will bring a world class approach to the management and leasing of the project, and we are confident that our proven expertise will play an integral role in its long term success."

Developed as a joint venture between leading property developers, Dubai Properties Group and Deyaar, Central Park provides over 860,000 sq feet of quality office space with unit sizes ranging from 1000 sq feet to 28,321 sq feet. The commercial and residential towers are supported by 105,840 sq feet ground floor and podium retail ranging from 1,000 sq feet to 5,000 sq feet.

With direct access from Sheikh Zayed Road and Al Khail Road, Central Park spread across 1.57 million sq feet, is an ideal location to live, work and play featuring premium facilities such as a podium level landscaped courtyard, swimming pools, exclusive shopping as well as new food and beverage concepts/dining outlets.

For further information on leasing in Central Park's commercial and retail units, please contact "Colliers" on 055 821 1818 for office leasing or 055 803 3838 for retail leasing.

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About Arady Developments LLC:
Arady Developments is a limited liability company. Created in 2007, the company was established as joint venture between Deyaar development and Dubai Properties Group.

About Deyaar Development PJSC:
Deyaar Development PJSC is a leading real estate developer and real estate services company, headquartered in Dubai. Since its establishment in 2002, the company has registered exponential growth to become an industry leader in the region, with a share capital of AED5.78 billion.

Deyaar is well-positioned to play a pivotal role in the development of the region's property landscape. The company's in-depth market intelligence, world-class services and unrivalled property management support for communities across diverse portfolios have firmly consolidated its pioneering status in the region's real estate landscape.

Combining excellence with a vision to create natural living environments while placing customers at the core of its strategies, Deyaar additionally serves as a one-stop real estate solutions provider. Under this profile, its scope includes the delivery of end-to-end property development and property management services, overseeing 15,000 property units across the UAE. Deyaar also provides facility management services for its portfolio of more than 18,000 commercial and residential units. The company additionally spearheads an association management team to ensure the wellbeing of Deyaar's homeowners as a key priority.

Deyaar complies with the escrow legislation and relevant property laws in the UAE and is registered with the Real Estate Regulatory Authority under reference number 15/07.

About Dubai Properties Group
Dubai Properties Group (DPG), a member of Dubai Holding, develops and manages properties, communities and destinations.  Through its subsidiaries, DPG also offers end-to-end property related services.

Dubai Properties Group focuses on the creation of a broad range of quality communities in which to live, work, play and shop in addition to the development and management of key destinations in Dubai including both Dubailand and 'The Walk' at JBR.

Dubai Properties Group aspires to become the best partner in providing a reliable service through the creation of quality, value for money lifestyles, and by creating a world class organization that offers a wealth of industry knowledge and expertise. For additional information, please visit dpg.ae.

ABOUT COLLIERS INTERNATIONAL
Colliers International is a leading global real estate advisor with over 15,800 professionals operating out of more than 485 offices in 63 countries. Colliers International delivers a full range of services worldwide that includes: valuations, consulting, appraisals, brokerage, asset management and research, within the residential, commercial, retail, hospitality, healthcare, education, infrastructure sector, Public Private Partnership (PPP) and economic and industrial free zones. In MENA Colliers International has provided leading advisory services through its regional offices located in Dubai, Abu Dhabi, Riyadh and Jeddah since 1996. The latest annual real estate survey by Euromoney named Colliers International 'Best Advisor' in the MENA region, UAE, Qatar and Saudi Arabia. Colliers International Healthcare and Education was also rated as Best Healthcare / Education and Infrastructure Advisors by World Finance Magazine in 2013.

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© Press Release 2015