The Mega Developers: ENSHAA

In this Mega Developer post I will cover ENSHAA, a leading developer in the UAE. ENSHAA has a number of first class projects in their portfolio and the company is doing a great job developing projects of the highest quality and design.

~ ENSHAA CORPORATE PROFILE:

Inspired by a vision to contribute to the sustainable development of the United Arab Emirates and the surrounding regions, ENSHAA was established to develop premium quality commercial, residential and hospitality projects. The firm's major shareholders include Emirates Investments Group, Majid Al Futtaim Group and Abraaj Capital.

ENSHAA currently operates in the Middle East, North Africa, South Asia and Australia through an expanding portfolio of carefully conceived projects. The company has formed a number of successful joint venture partnerships with prestigious local and foreign companies. ENSHAA's portfolio includes Palazzo Versace Dubai, D1 residential tower and Emirates Financial Towers. ENSHAA is a major shareholder of Dubai based Kele Contracting LLC, in partnership with Australian affiliate Kele International Holdings. ENSHAA's acquisition of Signature Clubs International in November 2009 highlights its strategic focus on quality branded products and further expansion into the hospitality industry.

~ CHAIRMAN'S MESSAGE:

Much has happened in the region in the past couple of years. Certain sectors have been hit hard by the global economic downturn, while some have prospered as a result. What we can see now, however, is a real resurgence. Dubai's largest firms - the ones with the governance and strategic planning in place to have weathered the crisis - are rebounding strongly, pushing the market in a positive direction. And beyond the UAE, regional successes are buttressing the reputation of the region: the awarding of the 2022 World Cup to Qatar, and the countless extraordinary Saudi infrastructure projects are all combining to keep our region at the forefront of overseas investors' minds.

There will be good times ahead and - as everywhere - some bad ones too. Key to thriving is having the people and practices in place to be able to function in the hard times as well as the easy. We are confident that the past year has been well used, with a prudent and patient approach which will - literally as well as figuratively "pay dividends".

As we enter the next exciting period of growth, ENSHAA is confident of being exceptionally well placed to capitalize on opportunities, and to show that this region and ENSHAA are capable of anything.

- Sheikh Tariq Bin Faisal Al Qassimi, Chairman

~ THE ENSHAA REAL ESTATE PROJECTS:

> EMIRATES FINANCIAL TOWERS. This development is a 27-story commercial twin tower development, located in the heart of the Dubai International Financial Centre (DIFC) featuring premium office and retail spaces, restaurants and business meeting venues. The Emirates Financial Towers with world class facilities also boasts views of the Emirates Towers and the Burj Khalifa. With the largest automated intelligent car parking system in the world, a distinct glass sky-bridge, high speed elevators and within close proximity to the metro, the Emirates Financial Towers is a prestigious business destination as well as a valuable addition to the already impressive Dubai skyline. Office units range in size from just over 6,00 sq. ft. to just under 10,000 sq. ft. (net) with flexible design, offering shared facilities and provisions for private office amenities. Emirates Financial Towers is a joint venture project between ENSHAA and MAG Group.

> PALAZZO VERSACE DUBAI. The Palazzo Versace Dubai Resort and Condominiums is a landmark project and will be located within Culture Village on the Dubai Creek, a premium waterfront location with unobstructed views of the creek. The residential wings of Ala Destra and Ala Sinistra will offer 169 luxury condominiums ranging from one to six bedrooms with access to the hotel's services. The hotel will comprise a day spa, restaurants and 217 hotel suites furnished with an exclusive line of products from the Versace Home Collection. Palazzo Versace takes the beauty, the luxury and the opulence for which the Versace name is famous and envelopes residents and guests in an ambience that is pure Versace. A project fully owned and developed by ENSHAA.

> D1 TOWER. D1's dramatic design fuses rich Middle Eastern heritage with today's technology, quality and modernity. A stunning 80-story tower, D1 offers exclusive residents' facilities, including a Skyrise lounge, private cinema, indoor pool, gymnasium and concierge services. D1 is uniquely positioned adjacent to the majestic Palazzo Versace Dubai. D1 Tower is a project fully owned and developed by ENSHAA.

~ THE ENSHAA MANAGEMENT TEAM:

-- Sheikh Tariq Bin Faisal Al Qassimi, Chairman

-- Raza Jafar, Chief Executive Officer

-- Gerard Carroll, Chief Operating Officer

-- Brian Woodside, Chief Financial Officer

-- Colin Seow, Chief Development Officer

-- Eli Hyder, Chief Legal Officer

-- Ashok Gopinath, Director of Finance

I am very impressed by the ENSHAA projects and I think the company has a very positive future.

~ CONTACT:

ENSHAA PSC
Crescent Tower Al Buheirah Corniche, 1st floor
Sharjah, United Arab Emirates
Tel: + 971 (6) 5566 827
Fax: + 971 (6) 5566 829
E-mail: info@enshaa.ae
Web: http://www.enshaa.ae/

Dubai Office:
ENSHAA PSC
Capricorn Tower, 8th floor, Sheikh Zayed Road
Dubai, United Arab Emirates
Tel: + 971 (4) 3329 330
Fax: + 971 (4) 3320 225