Emaar strengthens international brand outreach as ‘Official Partner of Lotus F1® Team’

Dubai, UAE; September 5, 2013: Emaar Properties PJSC, the global developer of iconic projects, has joined forces with Lotus F1® Team as its ‘Official Partner.’ Emaar’s association with the world’s most widely followed motorsport, the Formula 1 Championship, is a strong demonstration of the company’s fast-expanding global brand imprint.

The partnership with Lotus F1® Team marks Emaar’s first high-profile endorsement of the motor racing sport, and follows the triumph of the Team at the Abu Dhabi Grand Prix last year under Finnish superstar Kimi Räikkönen, in addition to six podium finishes in the racing circuit.

Emaar is in good company with recent partnerships with brands such as Microsoft, Unilever [Clear and Rexona] and The Coca-Cola Company [burn].

Mohamed Alabbar, Chairman of Emaar Properties, said: “Formula 1 racing brings man, mind and machine in one exciting journey to perfection. The minute attention to details, the passion and commitment, and the determination of every participant to push the boundaries are values that have also set Emaar apart, as we challenged accepted norms to develop world-class projects such as Burj Khalifa and The Dubai Mall.

“Our partnership with Lotus F1® Team, a remarkable team with impeccable credentials in the racing circuit, is therefore a perfect fit to our own values. As they race at the Formula 1 Championship circuits across the world, we are truly honoured to extend our support to the Lotus F1® Team, while also engaging with our international clientele and further defining the global identity of our brand.”

Eric Boullier, Team Principal, Lotus F1 Team: “We are delighted to begin this new relationship with Emaar Properties; particularly as the UAE has been a fruitful location for us on track with Kimi Räikkönen winning the 2012 Abu Dhabi Grand Prix. That victory truly confirmed that Lotus F1 Team as one of the foremost outfits in Formula 1 and we have continued our strong performances this season. With this new partnership with the developer of such iconic projects as Burj Khalifa and The Dubai Mall, we are looking forward to some home support as we race in the UAE once again this year. We are also very excited to see how this partnership will further enhance Lotus F1 Team’s brand value.”

With an impressive history of milestones in motor racing, this year the Lotus F1® Team will take part in the Formula 1 Gran Premiio D’Italia in Monza (Sept. 6 to 8); F1 Singapore Grand Prix (Sept. 20 to 22); F1 Korean Grand Prix in Yeongam (Oct. 4 to 6); F1 Japanese Grand Prix in Suzuka (Oct. 11 to 13); F1 Indian Grand Prix in New Delhi (Oct. 25 to 27); F1 US Grand Prix in Austin (Nov. 15 to 17) and F1 Grande Premio Do Brasil in Sao Paulo (Nov. 22 to 24).

The much-awaited Abu Dhabi Grand Prix in Yas Marina is from Nov. 1 to 3, starting with practice sessions by the team on the first day, a qualifying round on the second, and the exhilarating race on Nov. 3, at 5pm.

About Emaar Properties PJSC:
Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer with a significant presence in the Middle East, North Africa and Asia. A provider of premium lifestyles through its world-class portfolio of integrated communities, the company also has proven competencies in shopping malls & retail, and hospitality & leisure. Burj Khalifa, the world’s tallest building, and The Dubai Mall, the world’s largest shopping and entertainment destination, are among Emaar’s trophy developments.
Emaar is currently expanding The Dubai Mall’s Fashion Avenue by 1 million sq ft expansion and also redefining the cultural scene of the city with The Opera District in Downtown Dubai, to feature the city’s first opera house and several design galleries. The company is also partnering in implementing Mohammed Bin Rashid City (MBR City), with Dubai Hills Estate, the first phase of MBR City, developed as a joint venture with Meraas Holding.

Among other mega-projects of Emaar is the King Abdullah Economic City in Saudi Arabia the region’s largest private sector-led project. Emaar is also the largest foreign direct investor in India’s real estate sector and its joint venture has a country-wide presence covering the residential, commercial, retail and hospitality sectors.