EMAAR Properties pjsc http://www.alacrastore.com/company-snapshot/EMAAR_Properties_pjsc-3718696 Tuesday, October 14, 2008 6:00:22 AM 3718696 EMAAR Properties pjsc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/PR_163889_820543850moodys/PR_163889_820543850htmlGlobal Credit Research Announcement ## OCT #### Announcement: Jebel Ali Free Zone FZE Moody's assesses core components and risk factors of Dubai Inc. Dubai's potential reliance on the Federation and Abu Dhabi could be at its most significant...10/14/2008 4:25:56 AMhtmlJebel Ali Free Zone FZEDubai Electricity & Water AuthorityDP WorldDubai Holding Commercial Operations Gr. LLCEMAAR Properties PJSCDIFC Investments LLCDIFC Investments LLC; DP World; Dubai Electricity & Water Authority; ...820543850820429274820257283814992739809516062600068011150.0000NewsAnnouncementPR_163889_820543850Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/671766spcred/671766normThe latest Summary from S&Pglobal9/17/2008 12:59:18 PM175Summary671766United Arab EmiratesEmerging MarketsEurope, Middle East, AfricaGlobal IssuersCorporationsSummaryThe rating on United Arab Emirates (UAE)-based property developer Emaar Properties PJSC (Emaar) reflects the group's important role and strong position in the rapidly growing Dubai property development market and its close relationship with, and 32% ownership by, the government of Dubai (not rated). The rating includes a two-notch uplift from the stand-alone assessment to reflect implicit support from the government of Dubai. The rating also reflects the group's strong cash flows, low debt leverage, and strong asset base. Constraining rating factors include the risk that the Dubai real estate market could weaken over the medium term, the concentration of the group's operating cash flows in a relatively small number of large projects over the near to medium term, andARE40403030 404030 4040 40Emaar Properties PJSC402458EMERGINGEUROMIDAFREMAAR@UHSUMMARYGLOBISSCORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/CMT_0000454074moodys/CMT_0000454074htmlGlobal Credit Research Issuer Comment ## SEP #### Issuer Comment: EMAAR Properties PJSC Moody's comments on Emaar's share buyback announcement Moody's Investors Service notes that Emaar's proposed share buyback programme, which was...9/16/2008 12:40:24 AMhtmlEMAAR Properties PJSCEMAAR Properties PJSC809516062150.0000NewsIssuer CommentCMT_0000454074Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/bir/934413bir/934413normEmaar Properties PJSCUnited Arab EmiratesReal Estate: Property investment and development6552651965312372105311905312109AKEMAAR9/13/2008 6:41:54 AM934413Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/648301spcred/648301normThe latest Full Report from S&Pglobal5/15/2008 8:19:00 AM400Full Report648301United Arab EmiratesReal Estate Management & DevelopmentEmerging MarketsEurope, Middle East, AfricaGlobal IssuersCorporationsFull ReportClose relationship with Dubai government Strong market position in Dubai High level of pre-sales and progressive payments Low debt leverage Strong cash flows Valuable land bank Potential for market softening over longer term Current cash flows reliant on a relatively small number of projects Aggressive expansion in higher risk markets Weak U.S. housing demand The rating on United Arab Emirates (UAE)-based property developer Emaar Properties PJSC (Emaar) reflects the group's important role and strong position in the rapidly growing Dubai property development market and its close relationship with, and 32% ownership by, the government of Dubai (not rated). The rating includes a two-notch uplift from the standalone assessment to reflect implicit support from the government of Dubai. The rating alsoARE40403010 404030 4040 40Emaar Properties PJSC402458EMERGINGEUROMIDAFREMAAR@UHFULLGLOBISSCORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/648302spcred/648302normThe latest Summary from S&Pglobal5/15/2008 8:19:00 AM175Summary648302United Arab EmiratesReal Estate Management & DevelopmentEmerging MarketsEurope, Middle East, AfricaGlobal IssuersCorporationsSummaryThe rating on United Arab Emirates (UAE)-based property developer Emaar Properties PJSC (Emaar) reflects the group's important role and strong position in the rapidly growing Dubai property development market and its close relationship with, and 32% ownership by, the government of Dubai (not rated). The rating includes a two-notch uplift from the standalone assessment to reflect implicit support from the government of Dubai. The rating also reflects the group's strong cash flows, low debt leverage, and strong asset base. Constraining rating factors include the risk that the Dubai real estate market could weaken over the longer term, the concentration of the group's operating cash flows in a relatively small number of large projects over the near to medium term, andARE40403010 404030 4040 40Emaar Properties PJSC402458EMERGINGEUROMIDAFREMAAR@UHSUMMARYGLOBISSCORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/634622spcred/634622normThe latest Summary from S&P3/10/2008 8:29:37 AMSummary175global634622United Arab EmiratesReal Estate Management & DevelopmentEmerging MarketsEurope, Middle East, AfricaGlobal IssuersCorporationsSummaryThe rating on United Arab Emirates (UAE) based property developer Emaar Properties PJSC (Emaar) reflects the group's important role and strong position in the rapidly growing Dubai property development market and its close relationship with and 32% ownership by the government of Dubai (not rated). The rating includes a two-notch uplift to reflect implicit support from the government of Dubai. The rating also reflects the group's strong cash flows, low debt leverage, and strong asset base. Constraining rating factors include the risk that the Dubai real estate market could weaken over the longer term, the concentration of the group's operating cash flows in a relatively small number of large projects over the near-to-medium term, and the group's aggressive geographical expansionARE40403010 404030 4040 40Emaar Properties PJSC402458EMERGINGEUROMIDAFREMAAR@UHSUMMARYGLOBISSCORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_149834_820543850moodys/PR_149834_820543850htmlMoody's reports: Arabian Gulf property sector enjoys largely positive market prospectsAnnouncement2/28/2008 12:43:57 AMJebel Ali Free Zone FZE820543850150.0000Newshtml820267576Qatar Real Estate Investment Co. (Q.S.C.)815150159Saad Trading, Contracting and Fin. Srv. Co.814992739Dubai Holding Commercial Operations Gr. LLC809516062EMAAR Properties PJSC600068011DIFC Investments LLCDIFC Investments LLC; Dubai Holding Commercial Operations Gr. LLC; ...PR_149834_820543850Credit & Investment ResearchMoody's Global Credit Research