RELEASED ON: Thursday 26 th June, 2008

The result of the CNBC Arabian Property Awards 2008 have just been revealed and Khoie Properties is delighted to announce that it has won an award in the category of Best Development category. The award will be presented at a glittering gala dinner to be held at the Madinat in Dubai on 19 th October.

The fact that Khoie Properties earned one of these coveted awards is sure proof that emirate of Ras Al Khaimah can not only complete but also triumph within the highly competitive Arabian property arena. Having been given this high recommendation by its peers, the company is now entitled to display the CNBC Arabian Property Awards logo with pride. This symbol of excellence will be organized and appreciated by the public with pride. This symbol of excellence will be recognized and appreciated by the public who are becoming increasingly well informed and discerning about he properties they seek to buy.

Entries were judged by a panel of professionals whose collective knowledge of the property industry is second to none and unsurpassed by any other property awards. Chaired by Eric Pickles, British Shadow Secretary of State, this year's judges included Helen Shield, editor-in-chief of International Home magazine; Phil Spencer, property expert and presenter of Channel 4's Location and Relocation TV shows; Imtiaz Farooki, chief executive of the National House Building Council; Christopher Hall, past president National Association of East Agents; Wilhelm Harnish, Master Builders of Australia (MBA); Thijis Staff, International Consortium of Real Estate Agents Association (ICREA); Alejandro Escudero, SIMA; Kirkor Ajderhanyan, French Real Estate Federation (FNAIM); Omer Ghani, director of sales, CNBC Arabia; Ed Binkley, BSB Design USA; Samantha Braniff, Sydney Morning herald; Raul Curiel, chairman, European Operations, Aukett Fitzroy robinson; Tyler Clay, FIABCI USA; Hans-Ulrich Berendes, FIABCI Germany; Oliver Richards, founding partner, ORMS Design; Christian Kalin, partner, Henley & Partners Zurich; Graham Norwood of the Daily Mail; David Hoppit, property writer; Jill Keene, editor of International Homes magazine; Daina Yakely, chairman British Interior Design association; and Tad Zurlinden, Association of Relocation Professionals.

Mr Frank T. Khoie Chairman & CEO of Khoie Properties said of the award, “I am delighted with the news and on behalf of our hard working and professional team at the Khoie Group express my gratitude for this recognition of our quality work in developing the fabulous La Hoya Bay projects. This is indeed a great encouragement for our continued commitment for quality design and development of exceptional projects in this great journey of nation building.”