DUBAI, 13 November 2007 — Mohamed Ali Alabbar, chairman, Emaar Properties; director general, Dubai Department of Economic Development; and member of Dubai Executive Council, has been awarded the first-ever “Lifetime Achievement Award” by Pan-Arab business magazine, Arabian Business.

Alabbar received the award at the Arabian Business Media & Marketing Conference held yesterday in Dubai, the company said in a statement said.

The Lifetime Achievement Award recognizes the foresight and bold initiatives of Alabbar, which form the driving force of Emaar Properties, today a global company with an active presence in 36 markets and first and only real estate company in the region to be ranked in the Financial Times Global 500 list of the world’s top-notch organizations.

Highlighting the significance of the award, Andrew Neil, chairman, ITP, the Middle East’s largest publisher of consumer and business magazines, including Arabian Business, said M Alabbar is a role model for the entrepreneur community across the Arab world.

He sets an example of how far-sighted approach, innovative thinking and flawless execution can help achieve one’s goals and consistently better the success achieved.

Alabbar said: “The Dubai that we see today is the result of ambitious dreams and a will to transform them to reality. The fuel for this growth is the support and direction provided by UAE vice president and prime minister and ruler of Dubai Sheikh Mohammed Bin Rashid Al-Maktoum.”

A graduate in Finance and Business Administration from Seattle University in the United States, Alabbar works closely with regional NGOs, and is especially committed to the cause of educational reform. In June 2007, Alabbar was awarded an honorary doctoral degree in humanities from his alma mater. He is chairman of the UAE Golf Association, and was named among the top golfing personalities in the world by Golf World.

Alabbar has won several global laurels for his entrepreneurial excellence.

FDi magazine, published by the Financial Times Group, recently named Alabbar “Middle East Personality of the Year.”