The Ritz-Carlton Dubai, International Financial Centre Opens in 2008; Second United Arab Emirates Location for Award-Winning Hotel Company

CHEVY CHASE, MD — (MARKET WIRE) — 04/26/2005 — The Ritz-Carlton Hotel Company, L.L.C. and Union Properties PJSC have announced plans to open a 330-room hotel, with 121 serviced and managed apartments, at the Dubai International Financial Centre (DIFC). Scheduled to open in 2008, this will be the second Ritz-Carlton in Dubai and the fifth location in the Middle East for the award-winning luxury hotel company.

“We believe the hotel will be a very strategic addition to our global portfolio,” noted Simon F. Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company. “We have enjoyed great success with our resort on Jumeirah Beach, therefore the opportunity to expand our presence in Dubai and be part of a region of substantial growth is a tremendous opportunity. The new hotel will be an important addition to the planned DIFC, another outstanding vision from Sheikh Mohamed Bin Rashid Al Maktoum, Crown Prince of Dubai and U.A.E. Defence Minister. It will attract senior corporate executives travelling to Dubai to conduct business in this free trade/tax zone, and provide an outstanding meeting site for the international companies expected to open offices in the complex. Dubai is a vibrant and exciting city, poised on the brink of becoming one of the world’s foremost leisure and business destinations, and we feel privileged to play a part in this development.”

“We are pleased to partner with The Ritz-Carlton Hotel Company in the development of The Ritz-Carlton Dubai, International Financial Centre,” said Mr. Anis Al Jallaf, chairman Union Properties. “They have established a world class reputation for outstanding service and surroundings, and our expectations are for a hotel and residences which will be the most prestigious address in the region.”

A soaring contemporary design on Sheikh Zayed Road, The Ritz-Carlton Dubai, International Financial Centre will stand 15 stories high. The interior will blend elements of modern style and classic Arabic design elements for a showplace of luxury and elegance. The 330 guestrooms and suites will include a Ritz-Carlton Suite and Royal Suite with the convenience and comfort suitable to host visiting dignitaries and delegations.

Several floors of the hotel will be dedicated to the Club Level, featuring an extra measure of privacy and amenities for guests. A dedicated concierge will staff the exclusive lounge area, offering complimentary food and beverage presentations from breakfast to after hour cocktails.

Three restaurants, including specialty dining outlets, will provide a setting to enjoy the cuisine made famous by Ritz-Carlton chefs. A Lobby Lounge and Bar will offer a casual elegance for the enjoyment of afternoon tea and evening cocktails.

Meetings and conference space at The Ritz-Carlton, totaling 2,000 square meters will be extensive, and flexible enough to host large gatherings and exclusive social events. The facilities include a 1,400 square meters Ballroom, five meeting rooms, including a boardroom; will be available to accommodate a range of needs and occasions.

Recreational amenities will include a 2,100 square meters health club and spa, as well as both indoor and outdoor swimming pools. Serviced apartments will range in size from 125 to 350 square meters and feature one to four bedroom, furnished luxury units. Residents will be able to utilize all services offered by the hotel including housekeeping, catering, concierge, and in-room dining.

The Ritz-Carlton Hotel Company, L.L.C. of Chevy Chase, Md., (USA) currently operates 58 hotels in the Americas, Europe, Asia, the Middle East and Africa. It is the only service company to have twice earned the prestigious Malcolm Baldrige National Quality Award, which recognizes outstanding customer service. For more information, call toll free, 1-800-241-3333, contact a travel professional, or consult the web site at www.ritzcarlton.com.

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