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Developer to forge ahead.

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| April 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Gulf Construction)

With five new projects at various phases of development, Union Properties (UP) is now planning and carefully studying the possibilities of creating further investment avenues in Dubai. In an exclusive interview with Gulf Construction, Simon Azzam, CEO, comments on one of the most vibrant construction markets in the world and UP's growth in the emirate: GC: The response to UP's open house for the launch of five new projects has been overwhelming. To what do you attribute this? SA: The response exceeded our expectations. Our track record has been a strong assurance for investors to join us in our bid to develop the economy of the emirate and build Dubai into one of the most modern property investment hubs in the region. We have launched these five, which should be complete in one to three years. We have many more in the pipeline, which will be launched once the study of feasibility is completed

Dubai has grown at an incredible rate ...

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