In recent times, the global Real Estate markets have witnessed a significant downturn with Dubai being no exception. However, I would like to assure all of our clients and stakeholders that we are financially sound and a responsible real estate development company that is continuing to work on our projects. It is our belief at MED that Dubai has strong fundamentals; superb infrastructure, a world class Metro system, a strong retail presence and a regulated financial center. Dubai will continue to attract tourists as well as corporates on account of its strategic location and its business friendly environment.
 
MED is firmly committed to delivering a superior quality product as promised to our clients. We are confident that the real estate market of Dubai will bounce back in the near future. We wish to assure you that every effort is being made to rectify the delays that have occurred in the past and shorten completion dates.
 
We would like to thank you for your continued patience in supporting our developments.

Sheikh Tarek M. Binladen
Chairman, Middle East Development