Top man picked for new Dubai real estate company
Hashim al-Dabal has been appointed as the executive chairman of Dubai’s Holding’s property business.
Al-Dabal was formerly the Executive Chairman of the Dubai Properties Group.
In late August Dubai Holding said it had completed the first part of its plan to reorganise the company into four separate divisions. The first phase of the restructuring involves the creation of two vertical businesses for property and business parks.
The property business includes Dubai Properties, Sama Dubai, and Tatweer’s real estate development projects such as Remraam, Tiger Woods Dubai, Dubailand and Bawadi. The business parks include Tecom Investments, Dubai Healthcare City and Dubai Industrial City (MEED 23:8:09).
Khalid Al Malik has been appointed as the chief executive officer of the property business. He was the chief executive at Tatweer before the merger.
Dubai Holding is privately held by UAE Vice President, Prime Minister and ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum.