Top 150 Real Estate Icons of the UAE | Finance World Power Issue Edition 2025
Finance World Magazine’s most awaited Power Issue: Top 150 Real Estate Icons of the UAE 2025 is LIVE now. Our comprehensive ranking encompasses the entire ecosystem, ranging from Government Visionaries and Development Titans to Contractor Giants, Brokerage Powerhouses, Investment Magnates, and PropTech Power Players. Each entry represents more than market success; it reflects the power to envision, execute, and elevate. The methodology behind our rankings is both rigorous and multifaceted. We assessed project value, revenue performance, market reputation, innovation leadership, corporate responsibility, and several other key factors.
Finance World Magazine’s most awaited Power Issue: Top 150 Real Estate Icons of the UAE 2025 is LIVE now.
Our comprehensive ranking encompasses the entire ecosystem, ranging from Government Visionaries and Development Titans to Contractor Giants, Brokerage Powerhouses, Investment Magnates, and PropTech Power Players. Each entry represents more than market success; it reflects the power to envision, execute, and elevate. The methodology behind our rankings is both rigorous and multifaceted. We assessed project value, revenue performance, market reputation, innovation leadership, corporate responsibility, and several other key factors.
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Ambrish Agarwal, ambrish@thefinanceworld.com
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One way to keep momentum going is
to constantly have greater goals.
Editor’s Note
The UAE’s real estate market is experiencing unprecedented
momentum, driven by consistent growth,
robust investor appetite, and progressive government
initiatives. As property values and returns soar to new heights,
international buyers are increasingly drawn to the market
for its security and profitability. The sector’s evolution,
powered by AI innovations, blockchain integration, and
eco-conscious developments, is reshaping urban living. To
honour this journey and the pioneers behind it, we present
Finance World Magazine’s most awaited Power Issue: Top
150 Real Estate Icons of the UAE 2025.
These are the visionaries who transformed deserts into
destinations, the legacy builders behind iconic landmarks,
and the strategic leaders who have elevated the UAE into a
global real estate powerhouse.
Our comprehensive ranking encompasses the entire
ecosystem: Government Visionaries orchestrating national
transformation, Development Titans shaping tomorrow’s
cities, Contractor Giants delivering the impossible, Brokerage
Powerhouses influencing market dynamics, Investment
Magnates driving growth, and PropTech Powerplayers transforming
industry standards. Each profile represents more
than market success, it embodies the power to envision,
execute, and elevate.
The methodology driving our rankings is both rigorous and
multifaceted, assessing project value, revenue performance,
market reputation, innovation leadership, corporate responsibility,
and strategic influence. What emerges is not merely a
compilation, but a definitive map of power and achievement
across the UAE’s dynamic real estate landscape.
At Finance World Magazine, our commitment to authoritative
market intelligence guides everything we publish. This
Power Issue continues that legacy, offering unprecedented
insight into the individuals and institutions shaping the future
of real estate. Here’s to celebrating ambition, innovation,
and the relentless drive to build a better tomorrow, one
groundbreaking project at a time.
Ambrish Agarwal, Editor in Chief
MCFILL MEDIA &
PUBLISHING GROUP
MCFILL MEDIA &
PUBLISHING GROUP
Published by and © McFill Media & Publishing Group FZE LLC
Ambrish Agarwal, Editor in Chief
Published by and © McFill Media & Publishing Group FZE LLC
2025.....
..AND BEYOND
ABU DHABI
ECONOMIC VISION 2030
“FROM OIL TO OPPORTUNITY”
64%
OF GDP TO COME FROM NON-OIL
SECTORS BY 2030
AED 84 BILLION
IN FDI IN 2022 (UAE-WIDE)
INDUSTRIAL SECTOR TARGETING
AED 172 BILLION
CONTRIBUTION BY 2030 (ABU
DHABI-SPECIFIC)
17.2 MILLION
INTERNATIONAL TOURISTS IN DUBAI + 24M
TOTAL VISITS IN ABU DHABI IN 2023
50%
OF ELECTRICITY FROM CLEAN
SOURCES BY 2050
UAE VISION
2031
“WE THE UAE 2031” – TRANSFORMING
TODAY FOR TOMORROW
AED 4 TRILLION
IN TOTAL FOREIGN TRADE BY 2031
AED 800 BILLION
IN NON-OIL EXPORTS TARGET
RANKED TOP 10
GLOBALLY IN ATTRACTING FDI
AIM: TOP 10
IN GLOBAL INDICES (QUALITY OF
LIFE, DIGITAL GOV, INNOVATION)
UAE GDP CROSSES
AED 1.88 TRILLION
IN 2023 (US$511B)
DUBAI 2040
URBAN MASTER PLAN
“DESIGNING A FUTURE-READY DUBAI”
POPULATION GROWTH FROM
3.3M TO 5.8M
BY 2040
60%
OF DUBAI TO BE NATURE RESERVES/
RURAL LAND
55%
OF POPULATION TO LIVE WITHIN
800M OF TRANSIT
AED 634 BILLION
IN REAL ESTATE TRANSACTIONS
IN 2023
05
URBAN CENTERS DESIGNATED
LAND PLANNING
Contents Jun
2025
GOVERNMENT VISIONARIES
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Abdulaziz Ahmed Al-Shamsi
Abdulaziz bin Humaid Al Nuaimi
Abdulla Al Abdouli
Ahmed Ebrahim Obaid Ali Al-Ali
Ahmed Fadel Al Muhairbi
Ahmed Jasim Al Zaabi
Hamad Abdalla AlMahmoud
Majid Al Marri
Marwan Bin Ghalita
Matthew White
Mohamed Ali Al Shorafa
Mohamed Almansoori
Munther Mohammed Bin Shakar
Omar Bu Shehab
Yousif Ahmed Al Mutawa
DEVELOPER TITANS
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Mohamed Alabbar
Talal Al Dhiyebi
Khalid Al Malik
Hesham Abdulla Al Qassim
Mahdi Amjad
P.N.C. Menon
Mirwais Azizi
Ahmed Alkhoshaibi
Muhammad BinGhatti
Amer Khansaheb
Ahmed El Shamy
Amer Waleed El Zaabi
Ziad El Chaar
Hussain Sajwani
Saeed Mohammed Al Qatami
Imran Farooq
Israr Liaqat
Mohamed Abdalla Al Zaabi
Talal Moafaq Al Gaddah
Nabil Al Kindi
Bill O’Regan
Masih Imtiaz
Sameh Muhtadi
Mounir Haidar
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CONTRACTING GIANTS
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Carlos-Antonio Wakim
Ankur Aggarwal
Faris Saeed
Issa Ataya
Sheikh Sultan Bin Ahmed Al Qasimi
Osman Celiker
Neeraj Mishra
Satish Sanpal
Veer Doshi
Egor Molchanov
Majid Jack Hsiung
Elie Naaman
Rizwan Sajan
Egor Maslennikov
Josef Kleindienst
Issam Galadari
Kabir Mulchandani
Navneet Mandhani
Faruh Kurbanov
Irfan Wahid
Michael Belton
Naaman Atallah
Anwar Atari
Suwaidan Al-Dhaheri
Abbas Sajwani
Khalaf Ahmad Al Habtoor
Ali Al Gebely
George Saad
Hazza Zaal
Benoy Kurien
Samer Ambar
Barry Lewis
Murali Serpakkam
Tariq Hussain Abdulrahman Khansaheb
Kypros Tsentas
Senan Al Naboodah
Maher Merehbi
Moustafa Hassan
S.N. Subrahmanyan
Mohammed Saif Mohammed Bin Shafar
Mohamed Mahmoud
Suhail Zain-Eldeen
16 www.thefinanceworld.com Jun 2025
POWERED BY
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Abdallah Yabroudi
K. Jacob John
Mohammed Sahoo AlSuwaidi
Andrew Fanton
B. Ravi Pillai
Anil G. Pillai
Richard Abboud
Ammar Muwahid
Saif Al Ashram
Shapoor Mistry
Chaouci Yassine
Yu Tao
Kareem Farah
Firas Mashal
BROKERAGE POWERHOUSES
Mohanad Alwadiya
Carl Allsopp
Louis Harding
James Lewis
Simon Baker
Firas Al Msaddi
Calum White
Adham Younis
Abdullah Al Ajaji
George Azar
John Lyons
Steven Morgan
Jackie Johns
Farooq Syed
Myles Bush
Hamed Ghelichkhani
Uri Font
Loai Al Fakir
Shah Malek
Saleem Karsaz
Sam McCone
Nikita Kuznetsov
Daniel Hadi
Shahbaz Khan
Iseeb Rehman
Mark Towers
Fawaz Sous
Andrew Covill
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Ben Bandari
Safura Abasniya
INVESTMENT MAGNATES
Khalid Jasim Mohammed Bin Kalban
Fadi Dabbagh
Ahmed Al Suwaidi
Khaldoon Khalifa Al Mubarak
Samir Kazi
Low Ping
Abdulla Belhoul
Ahmed Obaid Al Qaseer
Vivek Anand Oberoi
Abdulla Ali Obaid Al Hamli
Wafik Ben Mansour
Jad Ellawn
Naser Al Nabulsi
Mohamed Al Sayed Al Hashimi
Khalifa Al Suwaidi
PROPTECH POWERPLAYERS
Haider Ali Khan
Michael Lahyani
Amira Sajwani
Rami Tabbara
Rashed Hareb Al Mheiri
Aahan Bhojani
Omar Abu Innab
Riz Ahmed
Vitalii Ryzhak
Jad Antoun
Jun 2025 www.thefinanceworld.com 17
GOVERNMENT VISIONARIES
SECTION SPONSOR
MAIN SPONSOR
*This segment is not ranked, its arranged in alphabetic order.
ABDULAZIZ AHMED AL-SHAMSI
Director General
Sharjah Real Estate Registration Department
His Excellency Abdulaziz Ahmed
Al-Shamsi leads the Sharjah Real
Estate Registration Department
with a clear vision and unwavering
commitment to fostering transparency
and trust within Sharjah’s dynamic
property market. Under his leadership,
the department has solidified its role
as a cornerstone institution, managing
the formal registration of real estate
transactions with precision and integrity.
Tasked with ensuring all property dealings
comply with stringent legal standards, the
department spearheaded by Al-Shamsi
plays a pivotal role in streamlining the
real estate process across the emirate.
By maintaining a comprehensive and
meticulously updated record of property
ownership, it mitigates disputes, curbs
fraudulent activities, and accelerates
transaction times, benefitting buyers,
sellers, and investors alike.
Beyond its regulatory mandate,
the department embraces innovation
through its user-friendly online platform,
reflecting Al-Shamsi’s dedication
to efficient, accessible service delivery.
This modernization not only enhances
market confidence but also underpins
the fluidity and sustainability of Sharjah’s
real estate landscape.
Through His Excellency’s stewardship,
the Sharjah Real Estate Registration Department
continues to be an invaluable
resource and trusted guardian of one of
the emirate’s most vital economic sectors.
ABDULAZIZ BIN HUMAID AL NUAIMI
Chairman
Department of Land and Real Estate Regulation of Ajman
Sheikh AbdulAziz bin Humaid Al
Nuaimi is a prominent leader from
the ruling family of Ajman, one of
the seven emirates of the United Arab
Emirates (UAE). Widely recognized for
his instrumental role in the economic,
cultural, and philanthropic advancement
of Ajman and the UAE, Sheikh
AbdulAziz plays a pivotal role in shaping
the region’s development. As a member
of the Al Nuaimi family, which has governed
Ajman since the 18th century, his
leadership reflects a deep commitment
to the emirate’s prosperity.
A successful entrepreneur and businessman,
Sheikh AbdulAziz has had a
transformative impact on Ajman’s economy,
especially through his leadership at
Ajman Holding Group, a conglomerate
overseeing a diversified portfolio of investments.
His visionary leadership has
attracted both local and international
investors, playing a crucial role in making
Ajman a thriving economic hub. In
addition to his role at Ajman Holding, he
is the Chairman of Ajman Land and Real
Estate Regulations and Ajman Tourism,
where he has been at the forefront of
expanding the emirate’s tourism and
real estate sectors.
Sheikh AbdulAziz holds a B.A. in
Public Relations from Emerson College
in Boston, Massachusetts. His academic
foundation has been pivotal in his efforts
to enhance Ajman’s investment climate,
modernize infrastructure, and improve
the quality of life for its residents.
Beyond business, his dedication to
both his family and his emirate reflects
the values of tradition, responsibility,
and stewardship that he upholds as a
key figure in the leadership of Ajman.
20 www.thefinanceworld.com Jun 2025
ABDULLA AL ABDOULI
Chief Executive Officer
Marjan
Abdulla Al Abdouli is a visionary
Emirati leader who has played
a pivotal role in shaping the
future of Ras Al Khaimah’s real estate
sector. Since taking on his current role
as CEO of Marjan in 2018, Abdulla has
successfully spearheaded the launch of
major projects, including RAK Central in
2024. This landmark development, which
will span 3 million square feet of office
space, over 4,000 residential units, and
three hotels, is set to transform Ras Al
Khaimah into a global investment and
tourism hub.
Under Abdulla’s leadership, Marjan
has attracted significant investments
from high-profile companies such as
Aldar, Emaar, DAMAC, Dubai Investments,
DarGlobal, and Wynn Resorts. His
strategic vision also brought to life the
flagship masterplan of Al Marjan Island,
which covers 2.7 square kilometres of
reclaimed land. This ambitious project
will feature 15,000 hotel keys, 12,000
residential units, and 450 holiday homes,
along with 23 kilometres of waterfront and
7.8 kilometres of beaches, contributing
to Ras Al Khaimah’s growing reputation
on the global real estate stage.
Abdulla is also a member of the boards
of RAK Ceramics and RAK Properties,
where his expertise in driving strategic
initiatives for growth has been integral to
the continued success of these entities.
His leadership goes beyond real estate,
with Abdulla managing the strategic
growth of the company by designing and
executing effective real estate development
strategies. His commitment to enhance
the region’s appeal continues to solidify
his position as one of the leading figures
in the UAE’s real estate sector.
AHMED EBRAHIM OBAID ALI AL-ALI
General Manager
Umm Al Quwain Municipality
Ahmed Ebrahim Obaid Ali Al-Ali
serves as the General Manager
of Umm Al Quwain Municipality,
a cornerstone government institution at
the heart of the emirate’s development
journey. Under his leadership, the municipality
plays a vital role in addressing
the daily needs of residents while also
driving long-term progress across urban
planning, municipal services, and environmental
stewardship.
Operating in close coordination with
subsidiary departments, local municipalities,
and development centers, Umm
Al Quwain Municipality is committed to
enhancing quality of life and ensuring
the emirate’s growth is both inclusive
and sustainable. Its efforts are aligned
with Umm Al Quwain’s vision to become
one of the world’s leading developed
region, anchored on pillars of human
development, economic diversification,
social well-being, and environmental
sustainability.
A key focus of the municipality lies
within the domain of Municipality Affairs
and Urban Planning, which seeks to
foster balanced urban growth through a
well-integrated structure that supports
the UAE’s national strategic planning
goals and the ambitious 2030 Economic
Vision. This involves the development
and implementation of policies that
guide urban planning, municipal affairs,
and agricultural sectors, ensuring that
progress meets the evolving needs of
society. Through these guiding principles,
Ahmed Ebrahim Obaid Ali Al-Ali and his
team continue to champion innovation,
embrace environmental responsibility,
and position Umm Al Quwain for a
prosperous and future-ready tomorrow.
Jun 2025 www.thefinanceworld.com 21
AHMED FADEL AL MUHAIRBI
Acting Director General
Abu Dhabi City Municipality
Under the leadership of Ahmed
Fadel Al Muhairbi, Acting Director
General, the Abu Dhabi City
Municipality stands as a driving force
behind the Emirate’s comprehensive
development and urban renaissance.
With a strong commitment to innovation,
creativity, and excellence, the municipality
continues to align its efforts with Abu
Dhabi’s ambitious and future-focused
vision.
The Department of Municipalities and
Transport plays a central role in this
mission, translating leadership directives
into impactful initiatives that enhance
community life and meet evolving needs
with professionalism and integrity.
Backed by the trust of His Highness
Sheikh Mohamed bin Zayed Al Nahyan,
President of the UAE, and His Highness
Sheikh Khaled bin Mohamed bin Zayed
Al Nahyan, Crown Prince of Abu Dhabi
and Chairman of the Executive Council,
the municipality remains committed to
strengthening its institutional capabilities,
service delivery, and culture of excellence.
This commitment is rooted in the UAE’s
legacy of visionary leadership, which has
propelled the nation’s remarkable growth
across all sectors. Since the establishment
of the Abu Dhabi City Municipality
in 1962, and the appointment of its first
municipal board in 1969, the focus has
been on strategic planning, infrastructure
development, and public service.
In 2007, the Department of Municipal
Affairs was formed to oversee the municipalities,
and in 2016, it evolved into
the Department of Municipal Affairs and
Transport, combining municipal and
transport services under one cohesive
framework.
AHMED JASIM AL ZAABI
Chairman
Abu Dhabi Department of Economic Development (ADDED)
Ahmed Jasim Al Zaabi is a prominent
architect of Abu Dhabi’s dynamic
economic vision and a central
figure in the Emirate’s transformation
into a globally integrated economic
powerhouse. As a member of the Abu
Dhabi Executive Council and Chairman of
the Abu Dhabi Department of Economic
Development (ADDED), he is leading
strategic efforts to advance the Emirate’s
diversified, knowledge-based “Falcon
Economy.” His leadership at ADDED
is defined by forward-looking policies
and impactful initiatives that promote
sustainable growth, innovation, and
global competitiveness across sectors.
With a distinguished career in finance
and investment, he has successfully overseen
multi-billion-dollar transactions and
played a critical role in the restructuring
and revitalization of major enterprises
across various industries. His vast experience
and results-driven approach
have consistently yielded transformative
outcomes, reinforcing his reputation as
one of the region’s most capable and
visionary economic leaders.
Throughout his career, His Excellency
has held board memberships and executive
positions across a broad spectrum of
industries, including energy, technology,
healthcare, real estate, and finance. A
holder of a master’s degree in economics
from the United Kingdom, Ahmed Jasim
Al Zaabi continues to be a driving force
behind Abu Dhabi’s emergence as a
global centre of economic innovation and
excellence. His strategic foresight, multidisciplinary
leadership, and unwavering
commitment to national development
place him at the forefront of the UAE’s
next era of economic ascendancy.
22 www.thefinanceworld.com Jun 2025
HAMAD ABDALLA ALMAHMOUD
Chairman
Sharjah Economic Development Department (SEDD)
Hamad Abdalla AlMahmoud is a
distinguished Emirati leader and
influential figure in Sharjah’s economic
development. Currently serving as
the Chairman of the Sharjah Economic
Development Department (SEDD), Hamad
has been at the forefront of driving
the emirate’s economic growth through
strategic initiatives aimed at enhancing
Sharjah’s business environment.
In addition to his role at SEDD, Hamad
holds several key positions that
demonstrate his commitment to fostering
entrepreneurship and economic innovation.
He is a Member of the Board of
the National Entrepreneurship Council,
a Member of the Board of the Emirates
Association for Franchise Development,
and the Chairman of the Projects Funding
Committee at the Sharjah Foundation
to Support Pioneering Entrepreneurs
(RUWAD). These roles have positioned
him as a key advocate for supporting the
growth of startups and small businesses
in the UAE.
Hamad’s leadership is guided by a strong
educational foundation. He holds a Bachelor’s
degree in Business Administration
from the University of Sharjah and is a
graduate of the prestigious Leadership
Program from the Mohammed bin Rashid
School of Government. His academic and
professional background has equipped
him with the skills necessary to lead
Sharjah’s economic initiatives and support
the development of a sustainable
and competitive business ecosystem in
the region. Under his guidance, SEDD
continues to play a crucial role in advancing
Sharjah’s economy, focusing on
strategic partnerships that contribute to
the region’s long-term success.
MAJID AL MARRI
Chief Executive Officer
Real Estate Registration and Services Sector at the Dubai Land Department (DLD)
Few figures have played as pivotal
a role in shaping the modern
face of Dubai’s real estate and
tourism sectors as Majid Al Marri. A
distinguished Emirati executive with
decades of experience across tourism,
real estate investment, development,
and international promotion, Al Marri
is currently the CEO of the Real Estate
Registration and Services sector at the
Dubai Land Department (DLD) - a role
in which he continues to champion
transparency, innovation, and investor
confidence in one of the world’s most
dynamic property markets.
From strategy and stakeholder relations
to hotel standards and international operations,
Al Marri’s career has spanned
an extraordinary breadth of leadership
roles. Today, he also heads the Department
of Real Estate Promotion within DLD’s
Real Estate Investment Management &
Promotion Center, bringing together
developers, investors, and stakeholders
under a unified vision. His mandate is
clear: to enhance Dubai’s global appeal
as a premier investment destination
while ensuring regulatory clarity and
seamless coordination across the real
estate ecosystem.
Al Marri’s credentials are as impressive
as his accomplishments. A graduate of the
London Business School with a Master’s
in Business Administration, he further
honed his leadership skills through executive
programs at the Dubai School of
Government in partnership with Harvard
University and the John F. Kennedy School
of Government. Under his stewardship,
Dubai’s real estate registration systems
have become a global benchmark, streamlined,
and tech-forward.
Jun 2025 www.thefinanceworld.com 23
MARWAN BIN GHALITA
Director General
Dubai Municipality
Eng. Marwan Ahmed Bin Ghalita
stands as a distinguished figure
in Dubai’s governance and real
estate landscape, widely acknowledged
for his transformative leadership across
multiple sectors. With a career marked by
visionary administration and a commitment
to institutional excellence, he has
consistently shaped policy and strategy
at the highest levels of public service. His
current role as the Director General of
Dubai Municipality (DM) place him at
the core of the Emirate’s urban and real
estate advancement, where he has been
instrumental in reinforcing Dubai’s global
standing as a premier real estate hub.
His influence extends well beyond his
executive mandates. As a Member of the
Executive Council of the Emirate of Dubai,
the Dubai Supreme Council of Energy, and
the Dubai Supreme Committee of Crisis
and Disaster Management, he contributes
to the strategic direction of the Emirate
across diverse domains. His previous
leadership roles, including CEO of the
Real Estate Regulatory Agency (RERA),
First Deputy Speaker of the Federal
National Council, and President of the
UAE Football Association, underscore
his versatility and capacity
Academically, he brings a strong
foundation to his public endeavors,
holding a Master’s degree in Business
Administration from the Arab Academy
for Science, Technology, and Maritime
Transport in Egypt and a Bachelor’s degree
in Surveying Engineering from Fresno
State University in California. Through
every position he holds, Marwan Ahmed
Bin Ghalita exemplifies the caliber of
leadership that defines Dubai’s progress
and ambition on the world stage.
MATTHEW WHITE
Chief Executive Officer
Virtual Assets Regulatory Authority (VARA)
Matthew White is a trailblazing
technology leader and the current
CEO of the Virtual Assets
Regulatory Authority (VARA) in Dubai,
where he is driving the transformation
of financial infrastructure through the
trusted adoption of digital assets and
Web3 technology. With more than two
decades of distinguished experience
in cybersecurity, digital trust, and tech
innovation, White has positioned himself
at the nexus of technology and regulation,
ensuring that emerging digital ecosystems
are both secure and inclusive.
Before taking the helm at VARA, White
served as a Senior Partner and Head of
Cybersecurity at PwC, where he led the
expansion of the firm’s cybersecurity
and digital trust practice to over 150
specialists. His role was also pivotal in
laying the foundational framework for
VARA itself, a testament to his unique
ability to merge regulatory foresight
with technological expertise.
White’s academic pedigree is equally
impressive. He is an alumnus of the
University of Bath and the Saïd Business
School at the University of Oxford, educational
experiences that shaped his
analytical rigor and strategic mindset.
White’s leadership journey is also complemented
by further executive education
at top global institutions. Beyond the
boardroom, White’s entrepreneurial spirit
shines through. He is the co-founder of
two startups: decent, a platform redefining
charitable giving through transparency and
innovation, and Clubbie, a niche social
network empowering amateur sports
communities. These ventures highlight
his passion for using technology as a
force for social good.
24 www.thefinanceworld.com Jun 2025
MOHAMED ALI AL SHORAFA
Chairman
Abu Dhabi Department of Municipalities and Transport (DMT)
Mohamed Ali Al Shorafa is a distinguished
national figure and a
leading force behind Abu Dhabi’s
rapid and strategic transformation. As
the Chairman of the Department of Municipalities
and Transport (DMT) since
2023, he oversees the urban planning
and transport sectors, steering three
municipalities and several affiliated entities,
including the Abu Dhabi Integrated
Centre (ITC). His leadership is guiding
the department’s comprehensive transformation,
in alignment with the UAE’s
visionary leadership directives.
In addition to his role at DMT, Al
Shorafa serves as the Vice Chairman of
Abu Dhabi Global Market (ADGM), one
of the world’s foremost international
financial centres. In this capacity, he
is pivotal in strengthening the financial
sector, driving growth, attracting global
businesses, and fostering a vibrant ecosystem
built on innovation and a robust
regulatory framework. His leadership and
efforts have been crucial in progressing
ADGM’s global standing.
An advocate for continuous learning
and leadership excellence, Al Shorafa
holds an MBA from the prestigious London
Business School and certifications
from renowned institutions such as MIT’s
Sloan School of Management, Citibank
Global Asset Management, and Harvard
Business School. His professional journey
also includes roles such as Chairman of
the Abu Dhabi Housing Authority, Etihad
Aviation Group, and the Securities and
Commodities Authority (SCA), and board
member of Etihad Rail and Abu Dhabi
Transport Company. He has committed
to position Abu Dhabi as one of the best
places to live, work, and visit in the world.
MOHAMED ALMANSOORI
Director General, Sheikh Zayed Housing Program
Ministry of Energy and Infrastructure
Eng. Mohamed Almansoori is the
esteemed Director General of the
Sheikh Zayed Housing Programme
(SZHP) in the UAE, bringing over 29 years
of distinguished experience within the
Federal Government. His expertise spans
major urbanization, human settlements,
infrastructure, and government housing
projects both in the UAE and across
the region.
A strategic visionary and objective-driven
leader, Almansoori is recognized globally
as a leading authority in government
housing. An alumnus of Old Dominion
University, Virginia, USA, he has been a
pioneer in the digital transformation of
government operations within the housing
and infrastructure sectors. Notably, he
successfully led the complete digitalization
of these operations, ensuring
uninterrupted service delivery during
the COVID-19 pandemic.
Under his leadership, the Sheikh
Zayed Housing Programme has delivered
major initiatives aimed at enhancing the
local housing experience by optimizing
governmental resources. This includes
launching innovative housing financial
solutions in partnership with the private
banking sector to secure sustainable
funding and significantly reducing the
government housing end-user journey.
These efforts contributed to a remarkable
customer satisfaction rate exceeding
92% in 2022. Regionally, Almansoori
represents the UAE in strategic forums
including the GCC, Arab League, and
UN-Habitat, and actively participates in
international bilateral collaborations. His
distinguished career has been recognized
with numerous awards and honors from
both public and private entities.
Jun 2025 www.thefinanceworld.com 25
MUNTHER MOHAMMED BIN SHAKAR
Director General
Ras Al Khaimah Municipality
Munther Mohammed Bin Shakar has
served as the Director General of
the Ras Al Khaimah Municipality
Department for the past two decades,
overseeing transformative development
in municipal work and the integration
of cutting-edge technologies to deliver
superior services. Under his leadership,
the department has embraced modern
technological advancements, positioning
itself at the forefront of smart government
initiatives. The adoption of these
technologies has not only streamlined
processes but also enabled the department
to deliver services more efficiently,
aligning with the Emirate’s broader goals
of progress and innovation.
The department’s commitment to
technological integration has led to
substantial improvements in both the
quantity and quality of its services, making
significant strides towards modernizing
municipal operations. Munther’s vision
has been instrumental in driving this shift,
ensuring that Ras Al Khaimah remains at
the forefront of quality and excellence in
municipal governance. His leadership has
fostered an environment where technology
is seamlessly incorporated into daily
operations, enhancing service delivery
and ensuring that the department meets
the evolving needs of the community.
Through his unwavering commitment
to innovation and excellence, Munther
Mohammed Bin Shakar has played a
pivotal role in transforming Ras Al
Khaimah Municipality into a model of
modern governance, effectively bridging
the gap between technology and public
service for the benefit of the Emirate’s
residents and visitors.
OMAR BU SHEHAB
Director General
Dubai Land Department (DLD)
In a strategic move that underscores
Dubai’s continued focus on world-class
real estate governance and inclusive
urban development, Omar Bu Shehab has
been appointed as the Director General
of the Dubai Land Department (DLD).
Simultaneously, he takes on the role of
Chairman of the Board at the Mohammed
Bin Rashid Housing Establishment
(MBRHE), positions that place him at
the confluence of policy, innovation, and
community-centric progress.
These dual appointments are more
than just titles; they reflect a deep trust
in Bu Shehab’s proven leadership and
vision. With oversight of both DLD, the
key regulator of Dubai’s thriving real
estate sector, and MBRHE, the agency
at the heart of large-scale residential
housing initiatives, Bu Shehab is uniquely
positioned to drive MEP-intensive
developments and sustainable growth
across the emirate.
His journey to these high offices has
been marked by a clear dedication to
service excellence. As Executive Director
of the Commercial Registration Division
at Dubai’s Department of Economy and
Tourism, Bu Shehab led with a strong
emphasis on operational efficiency and
customer-first practices, values that mirror
Dubai’s broader aspirations for seamless
and citizen-focused public service.
Notably, his earlier tenure as CEO of
MBRHE earned him widespread respect
and royal recognition. In a memorable
gesture of hands-on leadership, Bu Shehab
was seen personally assisting customers at
service counters to fast-track transactions,
a move that earned him commendation
from His Highness Sheikh Mohammed
bin Rashid Al Maktoum.
26 www.thefinanceworld.com Jun 2025
YOUSIF AHMED AL MUTAWA
Chief Real Estate Officer
Sharjah Investment and Development Authority - Shurooq
Yousif Ahmed Al Mutawa exemplifies
a new generation of visionary Emirati
leaders committed to shaping a
more sustainable and culturally enriched
future for the UAE. As the Chief Real
Estate Officer of Sharjah Investment
and Development Authority - Shurooq,
Al Mutawa is at the helm of a transformative
urban development initiative that
is redefining the way communities live,
work, and thrive. Under his leadership,
Sharjah Sustainable City has emerged as
a pioneering benchmark in sustainable
urban living, balancing environmental
stewardship, economic viability, and
social cohesion in a way that is uniquely
tailored to the needs and aspirations of
Sharjah’s residents.
Al Mutawa began his professional journey
in 2006 with the Sharjah Investment
and Development Authority (Shurooq).
Over a span of fourteen years within the
group, he rose through the ranks by holding
key leadership roles across project
management, construction, operations,
property oversight, and investment
strategy. This diverse experience not
only solidified his strategic acumen but
also deepened his insight into Sharjah’s
developmental ethos, one that intertwines
culture, sustainability, and innovation.
His leadership at Sharjah Sustainable
City is an extension of this ethos, integrating
forward-thinking solutions with
a deep respect for local heritage and
environmental context.
A graduate in e-commerce from the
Higher Colleges of Technology – Sharjah,
Al Mutawa is also a certified Project
Management Professional and an active
member of the Project Management
Institute.
Jun 2025 www.thefinanceworld.com 27
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Mohamed Alabbar, a global entrepreneur and real estate
visionary, has spent over three decades shaping
the future of urban development. As the Founder
and Managing Director of Emaar Properties, the company
behind some of the world’s most iconic landmarks, including
the Burj Khalifa and Dubai Mall, Alabbar has revolutionized
the concept of integrated lifestyle communities, combining
residential, retail, hospitality, and leisure spaces to transform
cities globally.
Since founding Emaar in 1997, Alabbar’s unparalleled
leadership has turned Dubai into one of the world’s most
admired and sought-after destinations. Downtown Dubai,
under his visionary guidance, has become a global icon of
urban development, with landmarks such as the Burj Khalifa,
the tallest building in the world, and the Dubai Mall, the most
visited shopping and entertainment destination worldwide.
Alabbar’s commitment to creating visionary communities
continues with Emaar’s developments, which span over 18
HIGHLIGHTS
Year of Establishment:
1997
Countries Operating In:
UAE, Saudi Arabia, India,
Turkey and more
Team Size:
5,000+
Awards & Accolades:
Developer of the Year 2024
1
MOHAMED
ALABBAR
Founder and Managing Director
Emaar Properties
countries and include residential units, luxury hotels, and
retail spaces, all designed to improve lifestyles and set new
standards in quality living.
Beyond his work at Emaar, Alabbar has made significant
contributions to other sectors through his leadership of Eagle
Hills, a private real estate investment and development
company focused on revitalizing high-growth markets. His
strategic foresight has led to successful ventures in regions
such as Africa, Eastern Europe, and the Middle East, building
world-class communities and urban hubs. Additionally,
Alabbar is a key figure in the region’s retail and e-commerce
sectors, having founded Noon.com, the leading e-commerce
platform in the Middle East, and served as the Chairman of
Americana Restaurants, a multibillion-dollar food business.
Alabbar’s remarkable business acumen extends across various
industries, from technology and logistics to venture
capital and FnB.
As a visionary leader and a transformative force in the
global real estate industry, Mohamed Alabbar exemplifies
the power of determination, innovation, and leadership. His
story is a powerful reminder of how one individual’s vision
can reshape the future of cities and leave an enduring legacy
for generations to come.
30 www.thefinanceworld.com Jun 2025
When it comes to leading transformative growth in one
of the most dynamic real estate markets in the world,
few individuals stand out like Talal Al Dhiyebi. As
the Group Chief Executive Officer of Aldar Properties, the
UAE’s leading real estate developer, investor, and manager,
Talal has guided the company through a period of remarkable
expansion, both regionally and internationally.
Under his stewardship, Aldar Properties has solidified its
position as a dominant force in the real estate sector, boasting
a diversified recurring income portfolio worth over USD 10
billion, an extensive development backlog exceeding USD 20
billion, and a strategic landbank spanning 69 million square
meters. But Talal’s vision extends beyond numbers; he is reshaping
the future of real estate with a focus on sustainability,
long-term value, and innovation.
Talal’s leadership journey spans various facets of real estate
development and asset management. From residential and
commercial developments to mixed-use and infrastructure
HIGHLIGHTS
Year of Establishment:
2004
Countries Operating In:
UAE and Egypt
Team Size:
10,001+
Q1 2025 Revenue:
AED 7.8 bn
projects, his vast experience covers a wide spectrum of largescale,
complex projects. Before becoming the CEO of Aldar,
Talal held senior management positions within the company,
overseeing some of the most significant developments in Abu
Dhabi and the broader UAE market.
His influence stretches well beyond Aldar Properties. Talal
serves on numerous boards, including as Chairman of Aldar
Estates, SODIC, and London Square, as well as Vice-Chairman of
Aldar Education. He is also involved with multiple high-profile
entities, such as Miral Asset Management, Sandooq Al Watan,
the UAE’s national social contribution fund, and the Abu Dhabi
Chamber of Commerce and Industry. Internationally, Talal
has been instrumental in expanding Aldar’s footprint. The
company has grown beyond Abu Dhabi to include ventures
in Dubai, Ras Al Khaimah, Egypt, and the UK.
A graduate of Electrical Engineering from the University
of Melbourne, Talal’s technical expertise complements his
sharp business acumen. His leadership at Aldar has been
pivotal in the company’s consistent growth, securing a USD
1.4 billion investment from Apollo Global Management in
2022, one of the largest foreign direct investments into Abu
Dhabi’s private sector. Under his direction, Aldar continues
to set the pace for the future of real estate.
2
TALAL AL
DHIYEBI
Group Chief Executive Officer
Aldar Properties
Jun 2025 www.thefinanceworld.com 31
Khalid Al Malik is serving as Managing Director of Dubai
Holding and Chief Executive Officer of Dubai Holding
Real Estate. In his dual roles, he orchestrates the
Group’s extensive property portfolio, which brings together
some of the Emirate’s most influential real estate developers—Nakheel,
Meraas, Meydan, and Dubai Properties—under
one strategic umbrella.
Dubai Holding Real Estate, a key pillar of Dubai Holding,
consolidates the operations of these major entities to drive
the city’s ambitious urban and economic transformation. In
2025, Nakheel reported that Lagoon Views in Mohammed Bin
Rashid Al Maktoum City – District One had reached 85.7%
completion, signaling strong progress in one of Dubai’s most
prestigious communities. That same year, Meydan awarded
a $144 million construction contract to Bhatia General Contracting
Co. for the development of Naya, another landmark
within the district. In March 2025, Meraas further expanded
the Group’s development momentum, awarding a contract
HIGHLIGHTS
Year of Establishment:
2002
Team Size:
20,000+
Countries Operating In:
UAE
3
KHALID AL
MALIK
Chief Executive Officer
Dubai Holding Real Estate
worth over $544.6 million to Arabian Construction Company
for the construction of Design Quarter at d3, a dynamic
creative hub within Dubai Design District.
With a career that bridges both public and private sectors,
Khalid has held several prominent positions, including CEO
of Tatweer, CEO of Dubai Industrial City, and Director of Operations
at the Dubai Development and Investment Authority.
These roles have helped him develop a strategic approach to
urban planning, infrastructure development, and sustainable
growth aligned with Dubai’s long-term vision.
Under his leadership, Dubai Holding Real Estate has accelerated
large-scale developments and entered multimillion-dollar
partnerships that are actively reshaping Dubai’s residential
and mixed-use landscapes. His governance extends across
multiple boards, including SmartCity Malta, SmartCity Kochi,
Warsan Waste Management Company, Tunisie Telecom, and
Dubai Hills Estate Group. He also serves as a council member
at the British University in Dubai, reflecting his commitment
to education and knowledge-based economic progress.
Academically, Khalid holds a bachelor’s degree in Management
Information Systems and Production and Operations
Management from the University of Arizona, and an MBA
from Zayed University.
32 www.thefinanceworld.com Jun 2025
As the Group Chief Executive Officer of WASL Group,
Hesham Abdulla Al Qassim stands at the confluence
of finance, real estate, and sustainability, reshaping
not just skylines, but the very future of the city.
Under his stewardship, Wasl Group has become a central
pillar in executing Dubai’s bold economic vision. Over the past
year, Al Qassim has led the Group into a new era of innovation-driven
growth, focused on environmental responsibility,
real estate expansion, and tech-enabled transformation. A
cornerstone of this progress is Wasl’s unwavering commitment
to sustainability. In alignment with the UAE’s Net Zero
by 2050 strategy, the company has rolled out a suite of clean
energy initiatives, from solar photovoltaic systems across
77 properties to electric vehicle charging stations and deep
energy retrofits. These upgrades are more than cosmetic;
they are impactful. The solar installations alone will offset
more than 2,600 tons of carbon dioxide annually, while some
buildings will now meet over 80% of their energy needs
HIGHLIGHTS
Year of Establishment:
2008
Countries Operating In:
UAE
Team Size:
201-500
Awards & Accolades:
Developer of the Year 2025
through solar power.
The Group has also played a foundational role in Dubai’s
Food Tech Valley, a visionary project positioned at the nexus
of agriculture, technology, and sustainability. In collaboration
with partners like Spinneys and Badia Farms, the initiative
aims to grow 3,000 tonnes of fresh produce annually and
recycle over 50,000 tonnes of food waste. With the first crops
expected in 2025, this initiative is not just about food security,
it’s about rewriting the rules of urban sustainability.
On the real estate front, WASL Group has delivered a
string of high-impact developments tailored to the needs of a
growing metropolis. From the vibrant Wasl Village, designed
in line with the Dubai 2040 Urban Master Plan, to upscale
communities like Jumeirah Golf Estates: The Next Chapter
and South Garden, the Group continues to support the city’s
surging residential and commercial demand. Today, WASL’s
portfolio boasts 55,000 units across Dubai and a hospitality
network that spans more than 8,300 rooms in 35 properties.
Behind these achievements is a leadership ethos grounded
in strategic foresight. Al Qassim’s dual role in real estate and
banking positions him uniquely to harmonise financial innovation
with infrastructural development. His vision not only
shapes the city’s skyline but also its socioeconomic future.
4
HESHAM
ABDULLA AL
QASSIM
Group Chief Executive Officer
WASL Group
Jun 2025 www.thefinanceworld.com 33
As the Founder and Executive Chairman of OMNIYAT,
Amjad has not merely developed real estate, he has
curated icons, each a testament to his belief in elevating
urban living through the fusion of art, design, and ultra-luxury.
Since founding OMNIYAT in 2005, Amjad has rewritten the
narrative of Dubai’s property market. Born from a desire to
push the artistic and architectural boundaries of what real
estate could be, OMNIYAT has delivered some of the most
recognizable and revered addresses in the region. From The
Opus by OMNIYAT, designed by the late Dame Zaha Hadid, to
One at Palm Jumeirah, The Lana Dorchester Collection, Dubai
and the highly anticipated Marasi Bay ecosystem, OMNIYAT
has established itself as a visionary developer synonymous
with ultra-luxury and one-of-one craftsmanship.
At the heart of OMNIYAT’s ethos is what Amjad calls “The
Art of Elevation” - an approach that merges bespoke design,
curated experiences, and architectural storytelling. This
philosophy is perhaps best embodied in The Opus, the first
HIGHLIGHTS
Year of Establishment:
2005
Countries Operating In:
UAE
Awards & Accolades:
Ultra Luxury Residential
Project of the Year 2025
5
MAHDI
AMJAD
Founder and Executive Chairman
OMNIYAT
and only inhabitable building in the UAE personally designed
by Zaha Hadid. Equally iconic is the One at Palm Jumeirah,
a project that redefined the standards of luxury on Dubai’s
celebrated man-made island. Anchoring this ecosystem are
developments like The Lana Hotel and Residences, Dorchester
Collection, inaugurated in Q1 2024. With interiors that evoke
timeless elegance and home to the region’s first Dior Spa, The
Lana is already setting new records - its penthouse sale in
May 2024 became the most expensive transaction ever in the
Burj Khalifa District. Today, OMNIYAT proudly stands at the
pinnacle of Dubai’s ultra-luxury real estate sector, leading both
in iconic design and property value. Its projects continue to
draw ultra-high-net-worth individuals (UHNWIs) from around
the globe, reinforcing Dubai’s status as a world capital for
business, design, and bespoke living. In a significant financial
milestone, the company issued its inaugural USD 500 million
green sukuk this year, marking its entry into international
debt capital markets. The move not only reflects OMNIYAT’s
financial strength but also underscores its commitment to
sustainable growth and long-term impact.
For Mahdi Amjad, OMNIYAT has always been more than a
real estate venture. It is a legacy of innovation of how design
and luxury can shape a city’s soul.
34 www.thefinanceworld.com Jun 2025
6
P.N.C. MENON
Founder
Sobha Group
Few business journeys are as transformative,
deeply personal, and
impactful as that of PNC Menon,
the visionary Founder of Sobha Group.
From modest beginnings in a small town
in India, Menon’s rise to building one
of the world’s most admired real estate
brands is a powerful testament.
His entrepreneurial story began in
Bangalore, with the launch of Sobha Developers.
Menon has set a new standard
by introducing quality-driven construction
and transparent business practices.
In 2003, Menon returned to the Middle
East with a more ambitious goal: to create
a world-class, backward integrated
real estate brand in Dubai. This vision
materialized as Sobha Realty, a global
luxury real estate developer, introduced
its hallmark philosophy, Art of The Detail,
to one of the world’s most competitive
markets.
Sobha Realty’s portfolio comprises 13
master developments across the UAE,
with ambitious plans to expand into new
markets both locally and globally. At the
heart of this vision is Sobha Hartland,
an approximately USD5 billion freehold
master development in MBR City. Spanning
8 million square feet with over 30%
dedicated to green and open spaces,
Sobha Hartland embodies Menon’s belief
that homes should not just shelter but
inspire. Rooted in community, wellness,
and timeless design, it has become one
of Dubai’s most coveted addresses.
Today, Sobha is not just a brand; it is
a legacy founded on integrity, shaped
by design, and driven by an unwavering
pursuit of excellence. At the heart of this
legacy is PNC Menon, a figure whose
success continues to inspire others.
7
MIRWAIS AZIZI
Founder and Chairman
Azizi Developments
At the forefront of UAE’s real estate
sector, Mirwais Azizi, Founder and
Chairman of Azizi Developments,
is driving a transformative vision - one
that transcends architecture and reshapes
communities. Under his leadership, Azizi
Developments has grown into the UAE’s
leading private developer, renowned not
just for its scale, but for its unwavering
commitment to quality, integrity, and
innovation.
With over 40,000 homes delivered to
end users and investors from more than
100 nationalities, Azizi Developments has
cultivated a reputation built on reliability
and transparency. The company’s diverse
portfolio includes residential, commercial,
and mixed-use developments located in
Dubai’s most strategic areas such as MBR
City, Palm Jumeirah, Sheikh Zayed Road,
Dubai South, Al Furjan, Dubai Land,
and Downtown Jebel Ali. 2024 marked
a landmark year for Azizi Developments.
The company delivered over 8.4 million
sq. ft. of built-up area, constructed 316
floors, poured more than 387,000 cubic
meters of concrete, and recorded over
43.6 million man-hours across its projects.
Its revenue for the year exceeded
AED 10 billion, fueled by strong sales
performance, market demand, and the
successful launch of several high-profile
developments.
Among its most ambitious ventures
is Azizi Venice, and Burj Azizi, soon to
be the world’s second tallest tower. The
launch of Monaco Mansions within the
same development marked a new chapter
in ultra-luxury mansion living. As Dubai
evolves, Azizi Developments is playing
an instrumental role in redefining what
it means to build legacies.
Jun 2025 www.thefinanceworld.com 35
8
AHMED ALKHOSHAIBI
Group Chief Executive Officer
Arada
As the founding Group CEO of
Arada, Ahmed Alkhoshaibi has
led the master developer since
its establishment in 2017. Under his
leadership, Arada has developed into
a leading international real estate developer
boasting a portfolio valued at
over AED 70 billion and a reputation for
delivering world-class, community-centric
developments.
Arada has delivered over 10,000 units
and sold more than 17,000 units worth over
AED 28 billion. Alkhoshaibi’s leadership
combines vision with operational discipline,
helping build a brand that appeals
to today’s investors and homeowners.
A serial entrepreneur with a background
in business finance and an Executive
MBA, Alkhoshaibi’s experience spans
sectors and scales, including multiple
successful ventures and exits before the
formation of Arada, shaping its strategy
and operations.
Arada’s standout projects, including
the recently launched Akala, the world’s
first precision wellness destination and
a pioneering new global hospitality and
branded residences concept; Aljada,
Sharjah’s largest mixed-use development;
Masaar 1 & 2, the UAE’s first forested
residential developments; and the ultra-luxury
Armani Beach Residences
at Palm Jumeirah and W Residences at
Dubai Harbour, speak to Alkhoshaibi’s
commitment to design excellence and
innovation. Each development reflects
a consistent focus on design, livability,
and sustainability. He has also overseen
key financial milestones, including Arada’s
second sukuk issuance, listed on
both the London Stock Exchange and
Nasdaq Dubai.
9
MUHAMMAD BINGHATTI
Chairman
Binghatti Holding
Muhammad BinGhatti is the visionary
force behind Binghatti, one
of the UAE’s most progressive
and design-led real estate developers.
As Chairman, he has transformed the
family business founded in 2008 by his
father, Dr. Hussain BinGhatti Aljbori,
into a multi-sector powerhouse with a
real estate portfolio exceeding AED 50
billion in investment value and more than
40 landmark projects in Dubai.
An architect and designer by training,
Binghatti brings a rare blend of artistic
sensitivity and commercial strategy to
the property development space. Holding
a Bachelor’s degree with Honours in
Architecture, his background shapes the
company’s philosophy: real estate should
be a work of art, not just an asset. His
personal touch is visible in every detail,
from architectural forms inspired by
natural phenomena like the sunrise to
the integration of smart technologies
and bespoke design elements that turn
buildings into lifestyle statements.
Binghatti’s properties are instantly
recognizable across Dubai’s skyline,
reflecting Muhammad’s unique design
language and his belief that real estate
should echo the same brand power
seen in industries like automotive and
fashion. His ambition was not only to
build homes or towers but to establish
a signature identity akin to how one
immediately recognizes a Mercedes-Benz
car or a Chanel bag. This vision has led
to Binghatti being the first real estate
developer globally to collaborate with
elite luxury brands to deliver branded
residential properties, partnering with
icons such as Bugatti, Mercedes-Benz,
and Jacob and Co.
36 www.thefinanceworld.com Jun 2025
Eng. Amer Khansaheb is a visionary leader at the helm of
Union Properties PJSC (UP), one of the UAE’s largest
and most respected Real Estate development companies,
with a distinguished legacy in delivering premium landmark
projects across Dubai. With a legacy built over more than
three decades, Union Properties has delivered some of the
city’s most iconic destinations: MotorCity, Green Community,
Uptown Mirdiff, Index Tower, and the Ritz-Carlton DIFC.
Khansaheb’s leadership has ushered in a period of transformation
for Union Properties, resulting in record operational
profitability and renewed investor confidence. In 2024, the
company recorded annual revenues of AED 528.7 million,
a clear indicator of its strong operational performance and
successful market positioning. This financial resilience reflects
not just business acumen, but also a deep understanding of
evolving market demands and the importance of adaptive,
forward-thinking development.
Central to this new era is Takaya, the company’s flagship
HIGHLIGHTS
Year of Establishment:
1987
Countries Operating In:
UAE
Team Size:
8,506 (as of 2024)
Awards & Accolades:
Smart and Sustainable
Project of the Year 2025
mixed-use project launched in 2024 in Motor City. Valued at
AED 2 billion and spread across 436,175 square feet, Takaya
is a statement of intent. Takaya is designed with tomorrow
in mind, incorporating sustainable insulation materials, automated
utility systems, and EV charging stations, setting a
new benchmark for smart urban living in Dubai.
With two new developments on the horizon, collectively
valued at AED 4 billion, the company is advancing a broader
AED 6 billion strategic expansion plan. Beyond his role
at Union Properties, Khansaheb also serves as Director of
Khansaheb Investment, a family-owned business group that
has grown into a market leader under his guidance since 2012.
His leadership across both entities is underpinned by a strong
educational foundation, a Bachelor of Science in Civil and
Environmental Engineering from the American University
of Beirut, and a Master of Science in Project Management
from the British University of Dubai, in addition to being a
Chartered Financial Analyst.
Khansaheb’s multidisciplinary experience spans real estate
development, construction management, investment strategy,
and financial analysis. As the UAE advances toward Vision
2030, Union Properties, with Khansaheb at the helm, is poised
to play a vital role in building a diversified economy.
10
AMER
KHANSAHEB
CEO and Board Member
Union Properties
Jun 2025 www.thefinanceworld.com 37
Since stepping into the role of Chief Executive Officer at
Majid Al Futtaim - Properties in January 2023, Ahmed
El Shamy has brought a powerful blend of financial
acumen, operational insight, and visionary leadership to one
of the Middle East’s most influential real estate portfolios.
His appointment marked a strategic turning point for the
group, as it expanded its focus on sustainable development,
integrated living, and innovative, future-ready urban spaces.
With a rich career spanning global conglomerates and
high-stakes finance, El Shamy’s impact at Majid Al Futtaim
Properties has been immediate and profound. Before his
CEO role, he served as the company’s Chief Financial Officer,
where he was instrumental in evolving the finance function
and driving enterprise-wide efficiency. During his tenure, he
led major transformation programmes such as War on Waste
and the C1500 plan, navigated the financial complexities of
the COVID-19 pandemic, and helped the organization meet
business targets amidst volatile market conditions.
HIGHLIGHTS
Year of Establishment:
1994
Team Size:
10,000+
Countries Operating In:
Middle East, Africa and
Asia
11
AHMED EL
SHAMY
Chief Executive Officer
Majid Al Futtaim Properties
El Shamy’s leadership has catalyzed Majid Al Futtaim Properties’
accelerated growth. Under his guidance, the company
also launched Ghaf Woods, Dubai’s pioneering forest-living
community, reinforcing its commitment to sustainable and
experiential real estate.
A seasoned finance and development strategist, El Shamy
previously served as Partner and Group CFO at Qalaa Holdings,
one of the Arab world’s largest private equity firms. He
also held key roles at Procter & Gamble, Citadel Capital,
Al Ahram Beverages, and Orascom Development Holding,
experiences that shaped his multidisciplinary approach to
leadership and innovation.
Today, El Shamy oversees a diverse portfolio that includes
29 shopping malls, seven hotels, five integrated communities,
and a growing pipeline of luxury and mixed-use developments
across the UAE and the GCC. His focus is not only on geographic
expansion but on redefining how real estate serves
people, merging lifestyle, sustainability, and digital innovation
to meet the evolving expectations of global consumers.
Ahmed El Shamy’s leadership style is grounded in precision,
progress, and purpose. Under his guidance, Majid Al Futtaim
- Properties continues to break new ground in shaping the
environment of the future across the wider region.
38 www.thefinanceworld.com Jun 2025
Amer Waleed El Zaabi is an accomplished CEO with
extensive expertise across business development,
operations, real estate, manufacturing, and the hospitality
sector. With strategic foresight and determination, he
has built a strong foundation for the success of his company,
Tiger Properties, a key player in the UAE’s thriving business
landscape.
As a leader, Amer is versatile and comfortable in any role,
from the executive boardroom to the manufacturing floor.
He is a skilled negotiator, known for his strong business
development and relationship-building abilities. His innate
talent for cultivating high-performance teams has catalyzed
growth and productivity within Tiger Properties.
Tiger Group, owned by his father Eng. Waleed Mohammed
El Zaabi, is one of the UAE’s largest conglomerates and a
cornerstone of the country’s economic transformation. From
humble beginnings in an arid desert, Tiger Group has become
a global business hub and tourist hotspot, with operations
HIGHLIGHTS
Year of Establishment:
1976
Rental Flat Portfolio:
25,000+
Team Size:
8,000
Awards & Accolades:
High-Rise Residential
Project of the Year 2025
spanning construction, hospitality, and manufacturing. Under
Amer Waleed El Zaabi’s leadership, Tiger Properties has
flourished, continuing the legacy of excellence and innovation
established by the group.
Amer’s journey to the CEO role at Tiger Properties wasn’t
a simple one. Starting his career in the family business as a
project engineer, he quickly ascended the ranks, becoming
the operations manager within a year. Through his unwavering
dedication, commitment to quality management, and
exceptional leadership skills, he was appointed CEO of Tiger
Properties in 2016.
Since assuming the role of CEO, Amer has led the development
of several landmark projects, including the 122-storey
Tiger luxury residential tower in Business Bay, Auresta Tower
in Dubai, the newly launched project in JVC, and the ambitious
Tiger Sky Tower. Amer’s vision extends beyond constructing
iconic buildings; he is committed to transforming industry
standards and continuously pushing the boundaries of what’s
possible in real estate development.
His leadership, passion, and vision continue to drive Tiger
Properties towards achieving its growth objectives. Amer’s
commitment to excellence ensures that Tiger Properties will
remain a prominent force in the UAE’s real estate.
12
AMER WALEED
EL ZAABI
Chief Executive Officer
Tiger Properties
Jun 2025 www.thefinanceworld.com 39
13
ZIAD EL CHAAR
Chief Executive Officer
DarGlobal
As Chief Executive Officer of Dar-
Global PLC, Ziad El Chaar has
been the driving force behind the
company’s transformation from a traditional
real estate developer into a global
lifestyle brand. Since joining the Group
in May 2017, he has led operations across
multiple countries, overseeing every facet
of the business from revenue growth and
profitability to regulatory compliance
and corporate governance. Under his
leadership, DarGlobal successfully listed
on the London Stock Exchange and built
a development portfolio valued at over
USD 6 billion, with landmark projects
spanning from the Costa del Sol and
Muscat to Downtown Dubai.
With more than two decades of experience
in real estate development and
investment, El Chaar brings a wealth
of expertise and strategic foresight to
the table.
Beyond his role at DarGlobal, El Chaar
also shapes the broader real estate and
investment landscape through his position
as Chairman of Wasalt, a pioneering
PropTech platform, and as Vice Chairman
of Quara Holding, the powerhouse behind
industry leaders such as Dar Al Arkan
and Khair Capital.
Armed with an MBA from the American
University of Beirut, El Chaar blends
academic rigor with entrepreneurial
flair. His leadership philosophy is rooted
in a simple yet powerful belief that real
estate should offer both an exceptional
living experience and strong financial
returns. He is simply redefining luxury
living as a smart, strategic asset in a
connected world.
14
HUSSAIN SAJWANI
Founder and Chairman
DAMAC Group
With a legacy built on foresight,
innovation, and resilience, Hussain
Sajwani has transformed
the landscape of real estate not only in
the UAE but across the globe.
Recognized as one of the most influential
figures in the Middle East’s property sector,
Hussain Sajwani’s journey began in the
mid-90s when he identified the potential
for growth in Dubai’s hospitality market.
Through the early construction of hotels
to accommodate the growing influx of
business visitors, he set the foundation
for his entrepreneurial journey. In 2002,
Hussain took a decisive step by founding
DAMAC Properties, a company that would
go on to become one of the largest and
most successful property development
firms in the region, with a presence in
over 10 countries, including high-demand
cities like London, Toronto, Miami, and
the Maldives.
The Group’s investment arm has also
ventured into private equities, mergers
and acquisitions, with holdings in major
industries, demonstrating Sajwani’s
diverse and future-focused approach to
business. A prominent acquisition was
the purchase of Roberto Cavalli and de
GRISOGONO, two world-famous luxury
brands, which Sajwani is leveraging
to appeal to a younger, more dynamic
demographic.
The establishment of DAMAC Data
Centres exemplifies his anticipation
of market needs, focusing on the infrastructure
that supports the growing
digital economy. Through these ventures,
Sajwani continues to lead by example,
propelling the DAMAC Group into new,
high-potential sectors while maintaining
its leadership in real estate.
40 www.thefinanceworld.com Jun 2025
For over two decades, Saeed Mohammed Al Qatami has
been a driving force behind the UAE’s transformation in
both the real estate and financial sectors. As the Chief
Executive Officer of Deyaar Development PJSC, he has consistently
demonstrated a rare balance of strategic foresight,
deep industry expertise, and operational precision. These
qualities have firmly established him among the region’s most
respected business leaders.
Al Qatami began his career in financial services, holding
senior roles at some of the UAE’s most prominent institutions.
At Dubai Islamic Bank, he led the Wealth Management
division, and at Standard Chartered Bank, he gained handson
experience in portfolio management and client strategy.
These formative roles sharpened his financial acumen and
stakeholder management skills, laying the foundation for his
transition into real estate leadership.
Under his guidance, Deyaar Development PJSC has solidified
its position as one of the UAE’s leading real estate developers
HIGHLIGHTS
Year of Establishment:
2002
Team Size:
2,200+
Countries Operating In:
UAE
Awards & Accolades:
Mar Casa, Best Luxury High-
Rise Living Accolade 2024
and service providers. Listed on the Dubai Financial Market,
Deyaar has played a central role in shaping Dubai’s urban
identity through a diverse portfolio of residential, commercial,
and hospitality projects. The company’s commitment to
customer-centricity reflects Al Qatami’s leadership approach
and long-term vision.
Al Qatami holds a bachelor’s degree in Science and Mathematics
from the University of South Carolina. As Dubai and
the UAE continue to evolve as global centers for innovation,
and lifestyle, Saeed Mohammed Al Qatami plays a vital role in
ensuring that this progress is anchored in quality, resilience,
and lasting value.
The company’s diverse portfolio spans residential, commercial,
and hospitality developments, each project reflecting
Deyaar’s commitment to innovation, functionality, and community-centric
design. In addition to his role at Deyaar, Al
Qatami also serves as a Director at Omega Engineering FZC,
extending his influence into broader areas of construction
and engineering. His extensive cross-sector knowledge has
positioned him as a thought leader in urban development,
particularly in the context of Dubai’s fast-evolving cityscape.
As the UAE continues to rise, Al Qatami ensure that its
foundations, both literal and figurative, are built to last.
15
SAEED
MOHAMMED AL
QATAMI
Chief Executive Officer
Deyaar Development
Jun 2025 www.thefinanceworld.com 41
Imran Farooq, Chief Executive Officer of Samana Developers,
exemplifies the spirit of long-term vision and strategic
entrepreneurship. His journey began in 1996, at just 22 years
of age, a remarkably early start that laid the foundation for
a career marked by diversification, resilience, and foresight.
Over the past 29 years, Farooq has successfully navigated
a wide array of industries, including IT solutions, real estate
underwriting, and HVAC systems. He has also made his mark
as an angel investor for other real estate ventures alongside
operating the third-largest business center in the UAE. These
experiences provided the depth and perspective that would
later define the direction of Samana Developers.
In 2017, recognizing a significant opportunity in the Dubai
property market, Farooq transitioned his focus fully to real
estate development. Since then, under his leadership, Samana
Developers has evolved into a dynamic force with a portfolio
valued at over AED 17 billion. With a 4.4% share of Dubai’s
competitive real estate market, the company has firmly
HIGHLIGHTS
Year of Establishment:
2017
Countries Operating In:
United Arab Emirates and
Maldives
Team Size:
800
Total Sales Volume till 2024:
AED 17 Billion
16
IMRAN
FAROOQ
Chief Executive Officer
Samana Developers
established itself as a key player, an achievement fueled by its
forward-looking strategy and sharp understanding of market
demands. In 2024, it ranked as the 7th largest developer in
off-plan sales, further underscoring its rising influence in
the sector.
What distinguishes Samana Developers is its ability to
anticipate emerging trends and meet evolving consumer
expectations. The brand’s unique value proposition includes
resort-style residences with private pools in apartments, an
offering that blends luxury with affordability. The developer
is also known for flexible payment plans with extended tenures,
making premium living more accessible to a broader
demographic. High rental yields, and timely project delivery
with uncompromising quality have earned the trust of both
end-users and investors alike.
In 2024 alone, Samana Developers has launched 12 new
projects, further cementing its role as a key player in Dubai’s
real estate growth story. The company provides a diverse range
of investment opportunities across residential, commercial,
and retail properties. It also offers exclusive branded residences
in collaboration with Elie Saab and is set to introduce
ultra-luxury developments in the World Islands. His career
reflects strategic growth and a steadfast pursuit of excellence.
42 www.thefinanceworld.com Jun 2025
Since its inception in 2002, Select Group has solidified
its reputation as a trailblazer in premium real estate,
delivering iconic residential, commercial, and mixed-use
developments across the United Arab Emirates, the United
Kingdom, and Europe.
At the helm of this dynamic organization is Israr Liaqat,
Group Chief Executive Officer, whose strategic vision and
leadership have propelled Select Group to the forefront of the
global real estate industry. Israr’s journey with Select Group
began in 2016 as Group Chief Financial Officer (CFO), where
he orchestrated transformative financial strategies that fueled
the company’s expansion. By optimizing capital allocation
and fostering strategic partnerships, he strengthened Select
Group’s market position and laid the groundwork for its
ambitious pipeline of projects. Under his leadership, Select
Group is not only delivering iconic developments but also
embracing cutting-edge trends like smart technology and
eco-conscious design to redefine modern living.
HIGHLIGHTS
Year of Establishment:
2002
Countries Operating In:
UAE and UK
Team Size:
501-1,000
Awards & Accolades:
Six Senses The Palm, Waterfront
Development of the Year
2025
Israr’s illustrious career spans high-profile roles at some of
the world’s most influential organizations. As CFO of Saudi
Arabia’s Public Investment Fund (PIF), one of the largest
sovereign wealth funds globally, he played a pivotal role in
managing multi-billion-dollar investments and advancing Saudi
Arabia’s Vision 2030. His tenure at Arabtec Construction saw
him steer financial operations for major construction projects
across the Middle East, while his role as Group Finance Director
at Aldar Properties PJSC contributed to transformative
developments in Abu Dhabi. Earlier, at the UK’s Mapeley Group,
Israr’s financial expertise was instrumental in preparing the
company for a successful Initial Public Offering (IPO) and
subsequent equity offerings, showcasing his ability to deliver
results in competitive markets.
A Chartered Certified Accountant (FCCA) from the UK with
a Master’s in Business and Management from the University
of East London, Israr brings a unique blend of analytical rigor
and creative vision to his leadership. From Dubai’s vibrant
waterfronts to London’s historic streets, his vision is transforming
skylines and setting new benchmarks for what real
estate can achieve. As Select Group continues to grow, Israr
remains committed to creating spaces that inspire, endure,
and elevate the human experience.
17
ISRAR
LIAQAT
Group Chief Executive Officer
Select Group
Jun 2025 www.thefinanceworld.com 43
Since 2015, Dr. Mohamed Abdalla Al Zaabi has been the
driving force behind Miral’s transformation into one
of the region’s most influential creators of immersive
destinations and experiences. As Group Chief Executive
Officer, Al Zaabi has led the company with clarity of vision
and strategic purpose, guiding it through an extraordinary
journey that has redefined Yas Island and cemented Abu
Dhabi’s reputation as a global entertainment, leisure, and
tourism destination.
Under his leadership, Miral has grown into a key player
in the Emirate’s economic diversification, investing billions
into landmark projects and world-class attractions. Through
partnerships with global names such as Ferrari, Warner Bros.,
and SeaWorld Entertainment Inc., Miral has built a portfolio
that resonates far beyond the region, and recently with Disney,
turning Yas Island into a world-renowned destination
for entertainment, leisure, and business. In 2024 alone, Yas
Island welcomed over 38 million visitors.
HIGHLIGHTS
Year of Establishment:
2011
Team Size:
200-500
18
MOHAMED
ABDALLA AL
ZAABI
Group Chief Executive Officer
Miral
Countries Operating In:
UAE
Awards & Accolades:
Zindagi ko bolo YAS, Real
Estate Marketing Campaign
of the Year 2025
But Al Zaabi’s impact extends beyond numbers. His leadership
has been pivotal in expanding Miral’s destination strategy
to encompass Saadiyat Island, where the company has
successfully elevated global awareness and delivered a 10%
increase in visits in 2024. This expansion reflects his ability
to not only create but also scale compelling experiences that
connect people, cultures, and communities.
At Miral, Al Zaabi has brought this expertise to life, overseeing
a dynamic network of destinations that offer more
than just entertainment; they create unforgettable moments
and lasting memories for millions. He currently serves as
Chairman of Miral Destinations, the entity responsible for
promoting Yas Island and Saadiyat Island globally, and sits
on the Board of Directors of Miral Experiences.
Beyond the boardroom, Al Zaabi is a pioneer in the tech
space, becoming the first Emirati to earn the prestigious
Cisco Certified Internetwork Expert (CCIE) certification. His
academic credentials are equally impressive, he obtained his
Doctorate in Business Administration from the University
of Warwick in the UK in February 2025, and is holding an
Executive MBA from INSEAD, an MSc in Strategic Project
Planning from Heriot-Watt University, and a bachelor’s degree
in Electrical Engineering from UAE University.
44 www.thefinanceworld.com Jun 2025
19
TALAL MOAFAQ AL GADDAH
Senior Executive Vice Chairman
MAG Lifestyle Development
With a rare ability to blend innovation,
sustainability, and
luxury, Talal Moafaq Al Gaddah
has emerged as a transformative force in
the UAE’s real estate landscape. As the
Senior Executive Vice Chairman of MAG
Lifestyle Development, he has propelled
the company to unprecedented heights,
overseeing a diverse and ambitious portfolio
that spans residential, commercial,
and mixed-use developments.
A trailblazer with a passion for innovation,
Talal has consistently introduced
groundbreaking concepts that have
reshaped the meaning of luxury living.
Among his most notable achievements
is the launch of the Keturah brand, an
extraordinary fusion of opulence, wellness,
and sustainability.
The journey began with Keturah Resort
at The Ritz-Carlton Residences, Dubai,
Creekside, one of the first developments
in the region to pursue the WELL
Health-Safety Rating certification. This
commitment to wellness was deepened
with the unveiling of Keturah Reserve,
a revolutionary development introducing
the Middle East’s first “Bio Living”
concept. Designed to immerse residents
in lush, landscaped nature, the project
aims to enhance physical, mental, and
emotional well-being, offering more than
just a home, but a transformative lifestyle.
These developments stand as living
proof of Talal’s belief that true luxury is
found not just in materials and aesthetics,
but in spaces that elevate human experience,
promote community connectivity,
and respect the environment.
20
NABIL AL KINDI
Chief Executive Officer
Dubai South Properties
Nabil Al Kindi assumed his current
role in 2019, bringing extensive
experience in real estate development
and leadership to Dubai South
Properties. As of March 2025, the company
has successfully delivered 4,600
residential units, with an additional 6,150
units under construction, amounting to
a total project value of USD 3 billion.
Under Al Kindi’s leadership, Dubai South
Properties achieved a major milestone
in 2024 with the handover of The Pulse
Beachfront and the awarding of USD 544.6
million in construction contracts. That
same year, the company also generated
over USD 544.6 million in sales.
Before joining Dubai South, Al Kindi
held key leadership roles at prestigious
organizations such as DIFC, Arabtec
Holding, TDIC, and Zabeel Investments.
He currently serves as the CEO of Duserve
Facilities Management and South Energy.
Al Kindi’s passion for real estate began
early in his career after earning a bachelor’s
degree in Architectural Engineering
in the United States. Upon returning to
the UAE, he joined Emaar Properties
as a Development Manager and swiftly
advanced to Director of Development,
eventually becoming part of Emaar
International.
Throughout his career, Nabil has been
involved in significant developments,
including projects such as Gate Avenue
at DIFC, The Louvre on Saadiyat Island,
St. Regis Abu Dhabi at TDIC, Burj Khalifa
Master Plan at Emaar, The Zabeel Saray
Hotel in Dubai, and various mixed-use
developments across Dubai, cementing
his impact on the UAE’s real estate
landscape.
Jun 2025 www.thefinanceworld.com 45
Bill O’Regan assumed the role of Chief Executive Officer
at Modon Holding in January 2024, bringing extensive
experience and a visionary approach to urban development.
Under his leadership, Modon Holding has rapidly
become a leading force in the UAE’s real estate sector, driving
innovative, sustainable, and community-focused projects.
Modon Holding was established in March 2024, following
Q Holding’s acquisition of the ADNEC Group and Modon
Properties. Its operations span real estate, hospitality, asset
management, investments, events, and tourism, creating a
robust and diversified portfolio that strengthens its market
presence and drives economic growth.
With iconic developments like Reem Hills, Nawayef Park
Views, and Maysan, Modon is transforming Abu Dhabi’s urban
landscape, blending modern design with cultural resonance.
In 2024, the company generated USD 1.8 billion in revenues
and launched five ambitious real estate projects on Hudayriyat
Island and Reem Island, achieving USD 3.5 billion in sales. A
HIGHLIGHTS
Year of Establishment:
2005
Team Size:
5,000-1,000
Countries Operating In:
UAE
21
BILL
O’REGAN
Group Chief Executive Officer
Modon Holding
landmark achievement during O’Regan’s tenure was Modon’s
partnership with EMSTEEL Group, formalized through an MoU
signed in December 2024, making Modon the first developer
in the UAE to adopt low-carbon steel in construction, setting
a new standard for eco-conscious development. Modon
Holding’s vision extends beyond development, aiming to
create vibrant, inclusive communities that enhance quality
of life. The company leverages cutting-edge technology and
strategic partnerships to deliver world-class infrastructure,
positioning Abu Dhabi as a global destination for tourism
and investment.
This sustainable approach underscores O’Regan’s commitment
to environmental stewardship and innovation, aligning
with global trends toward greener urban solutions. Prior to
his current role, O’Regan served as CEO of Modon Properties,
where he spearheaded large-scale developments that elevated
Abu Dhabi’s skyline and community living standards. His strategic
vision emphasizes quality, sustainability, and long-term
value, ensuring Modon’s projects deliver lasting economic and
social impact. Under O’Regan’s leadership, Modon Holding
is poised to redefine urban living, positioning the company
as a cornerstone of Abu Dhabi’s growth and transformation
into a global hub for innovation, culture, and sustainability.
46 www.thefinanceworld.com Jun 2025
With a legacy rooted in three decades of international
construction excellence, Imtiaz has long been recognised
as a trusted name in infrastructure and real
estate. Since its foundation in 1993, the company has executed
landmark projects for esteemed clients, including the UAE
Government, World Bank, and Asian Development Bank in
Africa, ranging from power plants and airports to large-scale
residential and commercial developments.
In 2014, the company took a strategic leap, launching Imtiaz
Developments to tap into Dubai’s booming luxury real
estate market. This move signalled the beginning of a new
chapter, one defined by ambition, refinement, and architectural
innovation. Under the next-gen leadership of Masih Imtiaz,
the developer has quickly ascended to prominence in the
UAE, with a growing portfolio of over 30 projects in prime
locations across Dubai.
Imtiaz stands out in the region’s competitive real estate
landscape by offering fully furnished, hotel-grade apartments
HIGHLIGHTS
Year of Establishment:
1993
Countries Operating In:
Headquarters in UAE
Annual Revenue Figures:
AED 3 Billion (as of 2024)
in prime locations across Dubai. It boasts a rapidly growing
portfolio of over 30 premium projects, consistently raising the
bar in architectural innovation. With more than a decade of
entrepreneurial experience, CEO Masih Imtiaz has spearheaded
the group through high-impact launches and accelerating
growth. In just two years, Imtiaz Developments has scaled
sales revenue from AED 100 million to over AED 3 billion.
Most recently, he was awarded the prestigious Order
of Philanthropy by HH Sheikh Mohammed bin Rashid Al
Maktoum in recognition of the company’s AED 50 million
contribution to the Fathers’ Endowment Campaign. Imtiaz
continues to grow its footprint with back-to-back launches
across Dubai Islands, Dubailand and JVC, while maintaining
a strong emphasis on design-focused living, branded finishes,
and sustainability.
What truly sets Imtiaz apart is its in-house construction
model, an extension of its 30-year legacy—which enables
greater control over quality, timelines, and execution. This
vertically integrated approach ensures all project handovers
are marked ahead of schedule, giving customers the best
ROI in areas poised for appreciation, while reinforcing the
brand’s reputation for reliability, efficiency, and long-term
value creation in Dubai’s competitive real estate market.
22
MASIH
IMTIAZ
Chief Executive Officer
Imtiaz Developments
Jun 2025 www.thefinanceworld.com 47
23
SAMEH MUHTADI
Chief Executive Officer
RAK Properties
With a career that spans global
markets and decades of leadership
in real estate, Sameh
Muhtadi is redefining the trajectory of
RAK Properties. Appointed CEO in August
2022, Al Muhtadi brings a bold vision and
proven expertise to one of the UAE’s
most ambitious developers, ushering in
a new era of transformation for Ras Al
Khaimah’s real estate landscape.
Known for his strategic acumen, operational
precision, and deep understanding
of regional and international markets,
Muhtadi’s leadership is focused on creating
vibrant, sustainable communities
that align with the emirate’s long-term
goals. His academic foundation includes
a Master’s degree in Engineering and
Industrial Management from George
Washington University, alongside a Civil
Engineering degree from Enfield College
in London. This technical grounding informs
his forward-thinking approach to
development, where design, durability,
and environmental stewardship intersect.
Under his direction, RAK Properties
has scaled up its ambitions with a wave of
high-impact projects. Highlights include
the successful launch of Julphar Residences
on Abu Dhabi’s Al Reem Island,
which saw all units sell out within just
two months, and the delivery of 207 villas
in the luxurious Marbella beachfront
community on Hayat Island. The company
also marked a significant milestone with
the opening of the 5-star InterContinental
Resort and Spa on Hayat Island, further
reinforcing its presence in the high-end
hospitality sector.
24
MOUNIR HAIDAR
Co-Founder and Managing Partner
LEAD Development
With a career spanning 40 years
across multiple continents,
Haidar has established himself
as a visionary leader in infrastructure
and property development, leaving an
indelible mark on skylines and communities
around the world.
Haidar’s journey in the UAE’s real
estate sector reads like a history of the
region’s most iconic developments. As
a key member in the planning and development
of Dubai’s Palm Island—one
of the world’s most ambitious artificial
island projects- he demonstrated early
on his ability to turn audacious visions
into reality. His impressive track record
includes serving as Chief Executive Officer
for Sorouh Real Estate, a public joint
stock company established in Abu Dhabi
that managed a portfolio exceeding USD
10 billion in real estate projects. This
experience equipped him with invaluable
insights into the complexities of largescale
development and the nuances of
the UAE market.
In 2010, Haidar’s entrepreneurial spirit
led him to co-found LEAD Development,
a comprehensive real estate development
company providing full-cycle services.
Under his guidance, LEAD Development
has planned and delivered master-planned
communities across the UAE - most notably
Jubail Island, Abu Dhabi’s premier
sustainable waterfront destination - with
a combined portfolio value of over USD
7 billion.
His American education, a Master’s
Degree in Structural Engineering and a
BSc in Civil Engineering from Bradley
University, Illinois, provided him with a
solid technical foundation that complements
his business acumen.
48 www.thefinanceworld.com Jun 2025
Carlos-Antonio Wakim has been a driving force behind
Bloom Holding’s exponential growth since he took the
helm in 2021. With over two decades of experience in
real estate development and leadership, Wakim’s vision and
strategic insights have propelled Bloom Holding to new heights,
cementing its reputation as one of the region’s foremost real
estate developers.
Under Wakim’s leadership, Bloom Holding has achieved
remarkable milestones, including the delivery of over 5,000
homes and the development of over 20,000 units currently in
the pipeline as of early 2025. This expansion is a testament
to his ability to shape the future of real estate, with Bloom
Holding taking significant strides across various sectors,
including residential, education, hospitality, and facilities
management.
A key milestone under Wakim’s direction was the company’s
2024 joint venture with Spain-based Mabel Real Estate
and LEAD Development to co-develop the prestigious Mabel
HIGHLIGHTS
Year of Establishment:
2008
Team Size:
200-500
Countries Operating In:
UAE
Awards & Accolades:
Leading Community Development
Company 2025
Marbella Residences in Spain. This 100,000-square-meter
luxury residential project marks Bloom Holding’s growing
global presence and commitment to high-end developments.
In March 2025, Bloom Holding launched Carmona, the eighth
phase of Bloom Living, a fully integrated community in Abu
Dhabi designed to feature over 4,500 homes alongside worldclass
amenities and services.
Bloom Living, one of the company’s flagship developments,
is a prime example of Wakim’s transformative leadership. The
community is not just a place to live, it’s an all-encompassing
lifestyle. Featuring interconnected parks, walkways, cycling
tracks, and a vibrant Town Centre, Bloom Living ensures residents
have access to exceptional leisure, dining, and retail
experiences. Additionally, with two international schools,
places of worship, and a range of recreational facilities, the
community exemplifies Bloom Holding’s commitment to
creating harmonious, sustainable living spaces for all.
Wakim’s influence extends beyond residential projects. His
role as Chairman of the Executive Committee for Bloom Education
and his leadership of Brighton College’s UAE schools
have been instrumental in shaping the company’s educational
investments. Wakim’s leadership at Bloom Holding continues
to enhance communities both locally and internationally.
25
CARLOS-
ANTONIO
WAKIM
Chief Executive Officer
Bloom Holding
Jun 2025 www.thefinanceworld.com 49
A
man who’s not just building towers, but curating the
future of luxury living in the Middle East. As Chairman
and Founder of BNW Developments, Ankur Aggarwal
commands over AED 20 billion in assets under management,
transforming BNW from a consulting startup into one of the
region’s most formidable real estate forces in under three years.
A Chartered Accountant by qualification, Ankur’s journey
began in finance, where he honed an analytical edge that would
later define his unique approach to development, seeing land
not as plots, but as platforms for legacy. His transition to real
estate in 2021 was less of a pivot and more of a revelation.
By 2024, BNW Developments was born, with strategic moves
into Ras Al Khaimah and Dubai, including land acquisitions
via BNW Buying and Selling LLC.
Partnering with actor-entrepreneur, Vivek Oberoi, with
whom he shares a brother-like bond, Ankur redefined luxury
real estate in the Middle East with standout projects like Taj
Wellington Mews, which sold 97 units within 24 hours. His
HIGHLIGHTS
Year of Establishment:
2024
Countries Operating In:
UAE and India
Team Size:
400+
Awards & Accolades:
CEO of the Year and Global
Icon of the UAE, among others
26
ANKUR
AGGARWAL
Founder and Chairman
BNW Developments
achievements include landmark developments, Aqua Arc,
FashionTV Acacia, Orvessa, and Pelagia, each reflecting
BNW’s signature: design-rich, ROI-intelligent, and culturally
resonant. His collaboration with global and cultural giants
like FashionTV and IHCL reflects a brand ethos that blends
luxury with longevity. Ankur’s projects don’t just offer lifestyle,
they offer legacy. Each one is a case study in scale,
soul, and speed.
Beyond real estate, Ankur is a proponent of ESG-driven
growth. A regular keynote at ICAI, IBPC, and the India Today
Conclave, he champions sustainability, inclusivity, and
community-driven ecosystems. His work with the ESG Research
Foundation, along with sports and skill-development
initiatives, reinforces his belief in building progress with
purpose. With no project backlog and a team of 400+, BNW
under Ankur’s leadership isn’t just constructing skylines, it’s
crafting cultural permanence.
His philanthropic drive is as ambitious as his business
goals, supporting initiatives in sustainability, education, and
community upliftment. BNW continues to redefine luxury
across residential, commercial, and industrial developments,
it also leaves a deeper imprint, one of enduring value and
social responsibility.
50 www.thefinanceworld.com Jun 2025
27
FARIS SAEED
Founder and Chairman
Diamond Developers
When Faris Saeed co-founded
Diamond Developers in 2003,
the concept of sustainable
real estate in the Middle East was still
uncharted territory. Today, Saeed stands
at the forefront of a green revolution
in urban development, one he helped
initiate more than two decades ago. His
journey from civil engineer to visionary
developer has left a profound imprint on
Dubai’s skyline and global perception as
a hub for innovative, future-ready cities.
Diamond Developers was born at a
turning point in Dubai’s real estate history.
In 2002, the emirate opened up its
property market to freehold ownership,
an unprecedented move that ignited a
wave of real estate development. Saeed,
originally from Jordan and already an
entrepreneur in Dubai since 1995 with a
maintenance and interior design company,
seized the opportunity. By 1999, he had
transitioned into full-scale development,
a shift that would lead to the creation of
some of Dubai’s most iconic projects.
While the firm’s early projects such
as the Marina Diamond buildings in
Dubai Marina and the Diamond Views
development in Jumeirah Village Circle,
helped establish its reputation, it was
The Sustainable City that truly defined
Diamond Developers’ legacy.
Operating under the SEE Solutions arm
of SEE Holding, Diamond Developers
continues to create scalable and practical
master plans under The Sustainable City
brand, a model rooted in the three pillars
of sustainability: social, environmental,
and economic.
28
ISSA ATAYA
Chief Executive Officer
Alef Group
At the helm of Alef Group since
its inception in 2014, Issa Ataya
has led the company to become
a dominant force in Sharjah’s booming
real estate sector. Under his leadership,
Alef Group captured over 25% market
share in 2024, with sales exceeding USD
653.5 million, a stellar 30% year-on-year
growth that firmly cements its position
as a market mover in the UAE’s northern
emirate.
From rapid sell-outs like the Al Mamsha
Hamsa building, which saw 50% of units
sold within hours of launch in February
2024, to large-scale masterplans like the
USD 954 million Hayyan development
and the USD 680.7 million Olfah project,
Ataya has not just scaled operations he
has redefined how Sharjah builds and
sells real estate.
As of March 2025, Alef’s portfolio
includes 2,322 completed units and over
6,372 under construction, a testament to
Ataya’s dynamic execution and ability
to manage complex, high-volume development
pipelines. An alumnus of the
University of Chicago Booth School of
Business, Issa brings a strategic mindset
sharpened by 15 years of experience
across retail, hospitality, and luxury real
estate. Before Alef, he was the driving
force behind Dynamic Hospitality, where
he launched three new FnB brands and
opened 45 branches across the region,
backed by 10 franchising agreements.
Ataya’s leadership is marked by bold
vision and a command of business development,
strategic planning, and customer
engagement. His operational excellence
rooted in forecasting, and stakeholder
management has created a company
culture that is both agile and ambitious.
Jun 2025 www.thefinanceworld.com 51
Under the strategic vision of H.H. Sheikh Sultan bin
Ahmed Al Qasimi, Sharjah’s real estate landscape is
undergoing a transformative shift. With academic roots
in business administration from Arkansas State University
and a master’s in Computer & Information Systems from the
University of Detroit Mercy, Michigan, Sheikh Sultan brings a
unique blend of technical insight and global business acumen
to his leadership at Tilal Properties.
Founded in 2014, Tilal Properties emerged during Sharjah’s
developmental boom as a bold venture to redefine the emirate’s
urban future. Established as a joint venture between Sharjah
Asset Management and Eskan Real Estate Development
LLC, the company was created with a singular purpose: to
develop world-class, master-planned communities that align
with international standards while remaining rooted in the
cultural and social fabric of the region.
Central to that legacy is Tilal City, a landmark AED 2.4
billion mixed-use development that is reshaping the emirate’s
HIGHLIGHTS
Year of Establishment:
2014
Team Size:
50-200
Countries Operating In:
UAE
29
SHEIKH SULTAN
BIN AHMED AL
QASIMI
Chairman
Tilal Properties
urban identity. Touted as the ‘New Sharjah,’ Tilal City is the
first master-planned community in the emirate and is set to
become home to around 65,000 residents. Strategically located
on Emirates Road (E611), the project is only 10 km from
Sharjah International Airport and within 2 km of the Dubai
border, offering exceptional connectivity to both emirates.
Spread across thoughtfully designed plots, the development
offers a mix of townhouses, villas (both detached and
semi-detached), and mixed-use buildings. In a significant shift
driven by Sharjah’s updated property legislation, Tilal City
now welcomes foreign investors with 100-year renewable
leaseholds, a move that opens up the market to global buyers
without requiring them to be physically present in the UAE.
Beyond residential offerings, the development also includes
Tilal Mall, set to become one of the largest fully serviced
business centres in Sharjah, covering over two million square
feet. Designed to attract regional and international businesses
alike, it reflects the company’s broader ambition to energize
Sharjah’s commercial and tourism sectors. Tilal City is more
than just a real estate project, it is an investment in Sharjah’s
future. Under the guidance of H.H. Sheikh Sultan bin Ahmed
Al Qasimi, the company is reshaping how people live, work,
and invest in the Emirate of Sharjah.
52 www.thefinanceworld.com Jun 2025
Osman Celiker, CEO of IRTH Group is transforming the
city’s real estate landscape with a future-focused approach.
Under Celiker’s leadership, IRTH has emerged
as a next-generation real estate force, setting new standards
in unique lifestyle destinations.
A testament to this ambition is the group’s pioneering
partnership with Rove Hotels- an award-winning lifestyle
hotel and residence brand. Together, IRTH Group and Rove
Hotels aim to provide accessible urban living solutions without
compromising on quality. This has brought to life the Rove
Home branded residences concept. The journey began in 2023
with the launch of Rove Home Downtown Dubai, a flagship
development that marked a significant milestone for both
brands. The momentum continued with the introduction of
Rove Home Marasi Drive in Business Bay in April 2024, and
the recently launched Rove Home Dubai Marina.
These projects reflect IRTH Group’s commitment to delivering
homes that match today’s fast-paced, modern lifestyles,
HIGHLIGHTS
Year of Establishment:
2023
Countries Operating In:
UAE
No. of Units Sold:
1800+
Awards & Accolades:
Lifestyle Developer of the
Year 2025
offering stylish interiors, wellness-centric amenities at exceptional
central locations. In just 18 months, IRTH in partnership
Rove Hotels, has launched over 1,800 residential units with
a development value close to USD 1 Billion, signaling not
just rapid growth, but sustained confidence in their unique
development strategy.
Celiker envisions homes as spaces that evolve with their
residents, addressing changing lifestyle needs through functionally
efficient designs and modern conveniences. Innovation
remains an important cornerstone of the IRTH ethos. The
synergy between IRTH Group and Rove Hotels is more than
a business alignment, it’s a shared vision offering outstanding
value in a market that is typically dominated by ultra-luxury
properties. IRTH Group and Rove Hotel has forged a successful
partnership in branded real estate. With its agile approach
and strong connection to Dubai’s evolving urban narrative,
IRTH continues to build on a solid foundation, dedicated to
crafting future-ready, urban and livable spaces that cater to a
new generation of dynamic homeowners and smart investors.
At the center of this transformative journey is Osman Celiker,
whose leadership is setting the tone for a new era in Dubai
real estate. His vision is not just shaping urban communities
but is changing the way real estate is experienced.
30
OSMAN
CELIKER
Chief Executive Officer
IRTH Group
Jun 2025 www.thefinanceworld.com 53
As the driving force behind AMIS Development, Neeraj
brings a clear vision and sharp leadership to Dubai’s
luxury real estate market. Since the company’s inception
in October 2023, he has steered AMIS with a deep commitment
to quality, innovation, and long-term value, principles that
have quickly earned the brand a distinct place in the UAE’s
property landscape.
Under Neeraj’s leadership, AMIS has launched standout
developments like The Woodland Residences, a luxury villa
project in Meydan that sold out within a week of its launch.
His focus on combining iconic design, elite collaborations, and
exceptional customer experience has set a new standard in
the market. From branded interiors inspired by global names
like Automobili Lamborghini to cutting-edge smart home
technology and sustainable features, every detail reflects
Neeraj’s passion for offering more than just homes, he aims
to create lasting lifestyle experiences.
Neeraj’s approach is grounded but forward-thinking. He
HIGHLIGHTS
Year of Establishment:
2023
Countries Operating In:
UAE
Team Size:
25+
Unique Selling Point (USP):
Timeless Design Excellence
and Lifestyle-Centric Amenities
31
NEERAJ
MISHRA
Founder and CEO
AMIS Development
believes that true luxury lies not only in appearances but in
thoughtful planning, enduring quality, and the ability to enhance
everyday living. This belief is evident in the company’s
growing project portfolio, including Woodland Terraces and
Woodland Crest, each designed to meet the evolving needs
of modern buyers while remaining timeless in appeal.
His achievements go beyond project launches. In 2024,
Neeraj led AMIS to secure a strategic investment of up to
AED 5 billion from Singapore’s First APAC Fund VCC, an
endorsement of both his vision and AMIS’s long-term growth
potential. He also oversaw the opening of AMIS’s flagship sales
centre on Sheikh Zayed Road, providing clients and investors
a direct window into the brand’s philosophy and offerings.
Neeraj’s leadership style is both hands-on and collaborative.
He works closely with architects, designers, and contractors
to ensure that every development reflects the company’s
standards. At the same time, he places strong emphasis on
customer trust, sustainability, and building communities that
stand out for all the right reasons.
With a sharp eye for opportunity and an unwavering commitment
to excellence, Neeraj is not just building luxury
homes, he’s redefining sophisticated living. His projects
reflect a seamless blend of innovation, elegance, and purpose.
54 www.thefinanceworld.com Jun 2025
Satish Sanpal stands as one of the UAE’s most influential
and visionary entrepreneurs, steering ANAX Holding to
the forefront of the region’s real estate, hospitality, and
investment sectors. As Chairman of ANAX Holding, a 24-yearold
conglomerate, Sanpal has cultivated a diverse portfolio
that reflects not only his keen business acumen but also a
global vision rooted in innovation, sustainability, and impact.
Under his strategic leadership, ANAX Developments and
ANAX Hospitality have become synonymous with excellence.
ANAX Developments, in particular, is redefining urban living
by crafting sustainable, thoughtfully designed spaces that
prioritize social impact and elevate everyday experiences.
Through this venture, Sanpal merges modern architectural
vision with a conscious approach to community building,
creating environments where people thrive.
As a real estate businessman in the UAE, Sanpal has consistently
demonstrated an exceptional ability to anticipate
market shifts and capitalize on emerging opportunities. His
HIGHLIGHTS
Year of Establishment:
2023
Team Size:
100-200
Countries Operating In:
UAE and UK
foresight has positioned ANAX Holding as a powerhouse in
Dubai’s competitive business landscape. With an integrated
approach that unites real estate, hospitality, and strategic
investments, Sanpal has built a resilient and adaptive business
model, one that not only responds to market demands but
also sets new industry benchmarks.
What sets Satish Sanpal apart is his holistic approach to
entrepreneurship. Beyond corporate success, he champions
sustainable business practices, mentorship, and philanthropy.
His commitment to innovation is not merely for financial gain
but is driven by a deeper purpose: to contribute meaningfully
to economic growth and societal advancement. Sanpal’s leadership
style is rooted in long-term vision, strategic thinking,
and a relentless pursuit of excellence.
With every venture, Satish Sanpal continues to push boundaries,
shaping the future of multiple industries and leaving
an indelible mark on Dubai’s entrepreneurial ecosystem. His
journey is a testament to the transformative power of resilience,
innovation, and purpose-driven leadership. As ANAX Holding
grows, so does its impact, guided by a chairman whose vision
transcends traditional business goals and aims to inspire the
next generation of leaders. The legacy he is building today is
setting the foundation for a visionary tomorrow.
32
SATISH
SANPAL
Chairman
ANAX Development
Jun 2025 www.thefinanceworld.com 55
Vincitore Real Estate Development has long been synonymous
with architectural excellence and luxury living
in Dubai’s elite property landscape. The company’s
enduring growth is guided by Veer Doshi, the forward-thinking
Managing Director and CEO who honors and evolves the
vision initiated by his father and founder, Vijay C. Doshi.
A graduate of UC Berkeley’s College of Engineering, Veer
combines a global educational background with a deep-rooted
passion for design and innovation. Under his leadership,
Vincitore embraces the timeless elegance of modern Italian
architecture, elevating the standards of luxury living in Dubai
by meticulously crafting each project as a masterpiece that
blends aesthetic grace with cutting-edge wellness concepts.
Vincitore signature lies in its unique ability to fuse European
design sophistication with world-class wellness amenities,
setting it apart as a pioneer of designer wellness living in the
region. The company’s brand ethos, represented by a logo
symbolizing class, strength, and market insight, reflects its
HIGHLIGHTS
Year of Establishment:
2013
Team Size:
250+
Total Area Developed:
4.5 Million Sq.Ft.
33
VEER
DOSHI
Managing Director and CEO
Vincitore Real Estate Development
commitment to creating homes that deliver exceptional value
to investors and residents alike.
Headquartered in Dubai with clients spanning over 60
countries, Vincitore Real Estate Development boasts a
strategic footprint that balances prime locations, timeless
craftsmanship, and high capital appreciation.The latest
masterpiece, Vincitore Benessere, Dubai’s first iconic wellness
residential landmark, inaugurated in 2025, exemplifies
this vision. Vincitore Benessere has redefined the way the
Gulf region approaches residential living by prioritizing the
health and well-being of its residents, while also delivering
extraordinary financial returns with an impressive 90–150%
ROI. This milestone achievement earned Vincitore the prestigious
title of Dubai’s Best Real Estate Investment 2025 at
the Ultimate Realty Awards.
Veer Doshi’s commitment to fostering community-centric
developments ensures that each project is not only architecturally
striking but also socially enriching. As Dubai’s real
estate landscape grows more competitive, he remains at the
forefront of transformative living experiences. His leadership
inspires a resilience that promises to sustain the company’s
impressive trajectory well into the future. Veer continues to
shape spaces that reflect both purpose and progress.
56 www.thefinanceworld.com Jun 2025
As the Founder and CEO of QUBE Development, Egor
Molchanov brings a wealth of expertise and a global
perspective to the fast-evolving real estate landscape of
the UAE. Egor’s distinctive approach to real estate was shaped
by the distinctive projects he has led, including managing a
master-development spanning over 15 million square feet of
built-up area and launching a major hospitality project with
more than 650 keys. Pairing that with his Academic degree
from the New York University (majored in Economics), Egor
blends his analytical precision and creative foresight in his
leading role in QUBE Development.
QUBE Development was launched in 2023 and it is already
due to complete and hand over its first project, Cubix Residences,
later this year. Additionally, QUBE has launched
Arisha Terraces, a low-rise residential community in Dubai
Studio City, in October 2024 and is will soon launch three more
projects by June 2026 as well as announce a partnership with
a 5 star hotel operator. With decades of industry experience,
HIGHLIGHTS
Year of Establishment:
2022
Team Size:
65+
Countries Operating In:
UAE
QUBE Development is driven by a steadfast commitment to
exceptional quality and sustainable construction, ensuring
each development is thoughtfully designed with eco-friendly
initiatives and cutting-edge innovation. Focused on architectural
beauty and meticulous craftsmanship, QUBE creates spaces
that redefine modern living. With an emphasis on efficiency
and forward-thinking solutions, projects are planned to set
new benchmarks in design, sustainability, and excellence.
Beyond the buildings, QUBE Development is driven by a
deeper purpose, one rooted in social impact and economic
empowerment. As an active participant in the Dubai Land
Department’s Real Estate Brokers Program, QUBE dedicates
a substantial portion of its inventory to be marketed
by Emirati brokers. As well, the company donated AED 2
million to the Father’s Fund of the Mohammed Bin Rashid
Global Initiatives in 2025, reflecting its strong commitment
to community development.
From residential sanctuaries to commercial landmarks,
Egor Molchanov and QUBE Development are redefining the
contours of Dubai’s skyline. With a visionary approach, they
are setting new standards in urban development. Each project
reflects a commitment to not just building structures, but
creating vibrant, sustainable spaces that inspire and endure.
34
EGOR
MOLCHANOV
Founder and CEO
QUBE Development
Jun 2025 www.thefinanceworld.com 57
As the General Manager of Source of Fate, a bold new
developer on the rise, Dr. Majid Jack Hsiung brings
more than just experience to the table, with 20 years of
success as both engineer and architect, he is driving Source
of Fate’s rise as a leader in sustainable, wellness-focused
luxury developments across the Emirates. A seasoned project
management expert, Dr. Hsiung has spear headed a diverse
portfolio across the global market, overseeing everything from
retail and office towers to leisure complexes and high-end
residential spaces. Known for his meticulous approach and
results-driven leadership, he’s built a reputation for delivering
projects on time and within budget, without compromising
on innovation or elegance.
Following the swift sell-out of Sunshine Bay within the first
quarter of its launch, Source of Fate Properties is now focusing
on a bold new venture: Miraggio, a visionary residential
development set to redefine coastal living on Al Marjan Island.
Designed as a seamless extension of the island’s natural
HIGHLIGHTS
Year of Establishment:
2021
Countries Operating In:
UAE
Team Size:
60
Awards & Accolades:
Rising Ultra Luxury Developer
of the Year 2025
35
MAJID JACK
HSIUNG
General Manager
Source of Fate
beauty, Miraggio gracefully cascades toward the shimmering
turquoise embrace of the Arabian Gulf. Its flowing architecture
and carefully crafted interiors mirror Dr. Hsiung’s artistic
vision and thoughtful expertise. Guided by his insight, Source
of Fate is shaping a legacy rooted in innovation, sustainability,
and harmony with nature. This inspiring new project
will offer 810 residences, complemented by state-of-the-art
wellness amenities created to nurture the well-being of its
growing community.
Where Sunshine Bay captured the vibrant dance of a sailboat
upon the waves, Miraggio reflects the serene strength of the
ocean, a sanctuary where architecture, nature, and wellness
merge in perfect balance.
This upcoming launch marks an exciting evolution for
Source of Fate Properties. With Sunshine Bay, the AED 700
million flagship development, already sold out and set for
handover in Q1 2027, momentum now builds toward Miraggio,
continuing the company’s mission to create elegant, sustainable,
and wellness-focused communities.
As the company broadens its footprint across the UAE,
Sunshine Bay and Miraggio will set the benchmark for visionary,
wellness-driven living, capturing the aspirations of
discerning residents and forward-thinking investors alike.
58 www.thefinanceworld.com Jun 2025
36
ELIE NAAMAN
Co-Founder and Chief Executive Officer
Ellington Properties
With over 20 years of experience
spanning the GCC, Iraq, Jordan,
and Lebanon, Elie Naaman’s journey
from his native Lebanon to becoming
a central figure in Dubai’s competitive
property market is a testament to his
strategic vision and relentless pursuit
of excellence.
Naaman’s foray into the real estate
world began in 2001, bringing with him
a solid foundation in Hotel Management
and Tourism from Notre Dame University
in Beirut. He complemented this with a
Proficiency in Real Estate Valuation and
Appraisal from EduDMG in 2013, giving
him a unique edge in understanding both
the lifestyle and economic aspects of real
estate development.
Before co-founding Ellington Properties
in 2014, Naaman held the pivotal role
of Head of Sales at DAMAC Properties,
where he was known for building a
high-performance, customer-centric
sales team grounded in ethical practices.
His tenure there laid the groundwork
for the people-first philosophy that has
since become a hallmark of Ellington
Properties. At Ellington, Naaman has
played a central role in transforming
the company into a respected name in
the UAE’s real estate sector. Under his
leadership, Ellington has launched and
sold out 14 projects in 2024 alone and
delivered Berkeley Place in Mohammed
Bin Rashid City in January 2025.
37
RIZWAN SAJAN
Founder and Chairman
Danube Group
Rizwan Sajan, the Founder and Chairman
of Danube Group, stands as
one of the most influential business
leaders in the Middle East, with a legacy
built on resilience, innovation, and a
clear vision for progress. With over three
decades of entrepreneurial excellence,
Sajan has transformed a modest trading
venture into a multi-billion-dollar conglomerate,
redefining industry standards
across building materials, home décor,
and real estate development.
Founded in 1993, Danube Group has
grown under Sajan’s dynamic leadership
into one of the most trusted and diversified
business entities in the UAE. The
group’s remarkable journey from humble
beginnings to achieving a USD 2 billion
annual turnover in 2022 is a direct reflection
of Sajan’s unwavering commitment
to innovation, hands-on leadership, and
operational excellence. His strategic
foresight has continually propelled
Danube into new frontiers, ensuring the
brand remains synonymous with quality,
integrity, and timely execution.
Within the group, Danube Properties
has emerged as a dominant force in the
UAE real estate sector. With over 20,000
residential units launched to date, the
development arm has solidified its reputation
for delivering high-value properties
with remarkable speed and efficiency. In
the past 12 months alone, the successful
and early handover of Opalz, Gemz, and
Pearlz, delivered 4 to 6 months ahead of
schedule, is a clear testament to Sajan’s
commitment to exceeding expectations.
Collectively, these three projects comprise
more than 1,000 residential units, span
over 1 million square feet of built-up area,
and are valued at over AED 1 billion.
Jun 2025 www.thefinanceworld.com 59
With over two decades of experience across investment
and development sectors, Egor Maslennikov
is not just an entrepreneur, he’s a visionary whose
expertise bridges economics, construction, and cutting-edge
urban living.
Holding both a master’s degree and a Ph.D. in Economics,
Egor brings academic depth to a career defined by real-world
success. His strategic acumen has powered the creation
and growth of over five companies across construction, real
estate, and development, each a testament to his versatility
and commitment to excellence. But it is Object 1, the real
estate development arm of the international TSZ Group, that
stands as his most ambitious and celebrated venture to date.
Founded in 2022, Object 1 has emerged as a trailblazer in
Dubai’s hyper-competitive real estate market. Under Egor’s
leadership, Object 1 has assembled a team of more than 350
professionals who share his relentless drive for excellence.
Every project the company touches is a fusion of aesthetic
HIGHLIGHTS
Year of Establishment:
2022
Countries Operating In:
UAE
Number of Units Sold:
1,197
Awards & Accolades:
Emerging Urban Developer of
the Year
38
EGOR
MASLENNIKOV
Founder and CEO
Object 1
sophistication, advanced materials, and eco-conscious design.
Their developments are more than places to live, they are
thoughtfully crafted ecosystems designed to elevate daily life.
Object 1’s portfolio ranges from the aqua-inspired calm
of RA1N Residence and the earthy, nature-infused design
of 1WOOD Residence, to the Italian elegance of V1TER
Residence, the company is not afraid to take creative risks.
Projects like Ozone1 Residence, with its wellness-centric
design and air purification systems, and EVERGR1N House,
a biophilic masterpiece in Jumeirah Garden City, signal a
bold commitment to sustainability without sacrificing luxury.
What sets Egor apart is his ability to balance big-picture
thinking with precision execution. He is as focused on macroeconomic
trends as he is on the granular details of floor
plans and façade textures. This dual focus enables Object 1
to consistently deliver investor-friendly, lifestyle-enhancing
developments across key neighborhoods like JVC, JVT, Al
Furjan, and Jumeirah Garden City.
Upcoming projects like V1VID Residence, V1STARA House,
and ESSENL1FE Residence only further cement Object 1’s
status as a developer with purpose and flair. Each one offers
a distinctive narrative, futurism, growth, wellness, brought
to life through signature architecture and curated amenities.
60 www.thefinanceworld.com Jun 2025
39
JOSEF KLEINDIENST
Founder and Chairman
Kleindienst Group
Josef Kleindienst, an Austrian
entrepreneur with over 38 years
of experience, is the founder and
chairman of the Kleindienst Group,
a dynamic conglomerate that spans
real estate development, construction,
yacht building, hospitality, sustainable
energy, and more. Under his leadership,
the group has been at the forefront of
some of the UAE’s most innovative and
ambitious projects.
Kleindienst’s flagship project, The
Heart of Europe, is a groundbreaking
sustainable destination located on the
UAE’s World Islands. This visionary
development features the world’s first
Floating Seahorse Villas, underwater
living experiences, a climate-controlled
Raining Street, and the Coral Institute,
the largest privately-owned marine life
rehabilitation centre. The project, a
car-free and pollution-free paradise, aims
to redefine luxury living and tourism
with its unique blend of sustainability
and extraordinary experiences. It will
eventually host over 20 hotels and resorts,
thousands of residential units, and create
thousands of jobs.
In 2024, the Kleindienst Group expanded
its reach by starting the construction of
four shipyards in Ras Al Khaimah and
entered into a significant partnership
with IHG Hotels and Resorts to launch
an InterContinental Resort Portofino,
expected to open in 2026.
Beyond his development achievements,
Josef’s leadership has solidified
Kleindienst Group as the number one
European developer in the UAE. He also
plays a key role in fostering FDI into
the UAE as the leader of the Austrian
Business Centre.
40
ISSAM GALADARI
Founder, Director and CEO
Ithra Dubai
For over three decades, Issam
Galadari has been one of the key
architects of Dubai’s transformation
into a global real estate powerhouse. As
the Founder, Director, and CEO of Ithra
Dubai, and the Chief Executive Officer
of Dubai Healthcare City Authority, his
vision continues to shape the city’s skyline
and its investment potential. But Issam’s
impact goes far beyond the towers, his
leadership has helped define the very
identity of modern Dubai.
Known for his ability to bring iconic
projects to life, Issam’s fingerprints can
be found on the Burj Khalifa, Atlantis The
Royal, and the majestic One Za’abeel,
all developments that have come to
symbolize Dubai’s ambition, innovation,
and elegance. His strategic foresight and
precision execution have made him a
trusted name not just in the UAE, but
across international markets.
Today, at Ithra Dubai, he oversees
transformative developments like One
Za’abeel, a mixed-use masterpiece redefining
luxury and connectivity, and the
Deira Enrichment Project, a large-scale
urban renewal effort aimed at revitalising
one of Dubai’s most historic districts.
Beyond the boardroom, Issam remains
actively engaged in professional and
civic circles, with memberships in the
UAE Society of Engineers and the UK’s
Institute of Civil Engineering. His thoughtful
approach to leadership, balancing
cost control with strategic growth has
made him a trusted steward of complex
developments that demand both vision
and discipline.
Jun 2025 www.thefinanceworld.com 61
41
KABIR MULCHANDANI
Chairman and Chief Executive Officer
FIVE Holdings
Kabir Mulchandani is the visionary
Chairman and Chief Executive Officer
of FIVE Holdings, a Dubai-based
real estate and hospitality firm renowned
for its luxury hotels and resorts across
the Middle East, Spain, and Switzerland.
Established in 2011, FIVE Holdings has
quickly become a global name synonymous
with high-octane lifestyle experiences
and luxury living.
Mulchandani’s entrepreneurial journey
began in his hometown of Mumbai,
India, where he worked for his family’s
consumer electronics business before
relocating to Dubai in the early 2000s.
FIVE Holdings is poised for its next
significant milestone, with plans to go
public on the Dubai Stock Exchange in
2025, marking a new chapter in its rapid
expansion.
The firm’s commitment to sustainability
is evident in its A-grade ESG rating from
ISS Corporate Solutions, the highest across
all sectors. This recognition underscores
FIVE Holdings’ dedication to creating a
Global Sustainable Entertainment Ecosystem,
blending immersive entertainment,
innovative food and beverage concepts,
and a conscious approach to luxury that
resonates with millennials and Gen-Z
customers who prioritize both style and
sustainability.
With a growing presence in luxury
hospitality, fashion, and entertainment,
Kabir Mulchandani’s FIVE Holdings is
not just a brand, it’s a movement that
continues to redefine what it means
to live and experience luxury in the
modern world.
42
NAVNEET MANDHANI
Founder
Karma Realty Developers
Navneet Mandhani is a distinguished
real estate leader whose strategic
vision and entrepreneurial acumen
are reshaping Dubai’s urban landscape.
With over two decades of hands-on experience,
he stands at the forefront of
the region’s real estate evolution—combining
global insight, design precision,
and transformative thinking to elevate
the way cities are built and experienced.
As the driving force behind Karma
Realty Group, Mandhani leads a portfolio
of over 5 million sq. ft., with landmark
developments including Olivia Residences,
Trinity by Karma, and the flagship Milos
by Karma. Educated in the United States
and seasoned in international markets, he
has built Karma into a globally respected
brand with a presence across Dubai,
the UK, Cyprus, Romania and Australia.
His leadership blends architectural
refinement with sharp strategic execution,
earning investor confidence and setting
new standards in premium living. Now
steering Karma’s expansion into the hospitality
sector, he is also forging strategic
alliances that enhance the Group’s reach
and operational depth.
With a dynamic pipeline of projects in
Dubai Islands, DIP, and Sports City, Karma
Realty is primed to redefine excellence in
the built environment. Mandhani’s instinct
for value creation and relentless pursuit
of innovation continue to position him
as a defining force in global real estate.
62 www.thefinanceworld.com Jun 2025
Faruh Kurbanov is not just a developer, he is a financial
strategist, investor, and philanthropist focused on
creating long-term, sustainable value. With over two
decades of experience in the construction industry, he has
co-founded DIA Holding and FBK Construction, delivering
more than half a million square meters of residential, commercial,
and social infrastructure. His guiding principle, “Live
and benefit others,” shapes both his business approach and
his commitment to community development.
In 2024, Kurbanov co-founded DIA Properties in Dubai,
bringing his integrated development philosophy to one of
the world’s most dynamic real estate markets. DIA Properties
was established with a clear mission: to deliver real estate
projects that combine strong investment potential with
meaningful social impact. Unlike traditional developers, DIA
focuses on creating holistic ecosystems — not just buildings.
Its developments are designed to generate long-term asset
value, enhance residents’ quality of life, and contribute to
HIGHLIGHTS
Year of Establishment:
2024
Team Size:
2,000+
Countries Operating In:
UAE
the broader community.
The company’s first project, LuzOra, located on Dubai Islands,
reflects this philosophy in action. LuzOra is designed
as an elegant fusion of lifestyle, technology, and investment
thinking. Featuring EV charging stations, smart home systems,
golf carts, and thoughtfully curated recreational areas, LuzOra
caters to both sophisticated residents and savvy investors.
One of its most distinctive features is the flexibility of its
two-bedroom units, which can be divided into two fully
independent apartments, enabling dual short-term rental
streams. This modular concept has the potential to deliver
annual yields of up to 14%, significantly outperforming Dubai’s
average returns.
Kurbanov’s emphasis on innovation extends into every phase
of DIA’s operations. From incorporating automation and AI
into the construction process to designing investor-oriented
living spaces, every decision reflects a clear focus on ROI,
scalability, and future-proofing. Beyond profitability, Kurbanov
remains deeply committed to philanthropy. Through initiatives
like the Mereke Charitable Foundation and the launch of free
educational hubs such as SANA Bilim and SANA Edu, his
social impact mirrors the same long-term vision that drives
his business ventures.
43
FARUH
KURBANOV
Chief Executive Officer
DIA Properties
Jun 2025 www.thefinanceworld.com 63
With a career spanning over 15 years, Irfan Wahid
has redefined what it means to build not just properties,
but futures, rooted in quality, affordability,
and innovation.
From humble beginnings with a modest team of builders,
Irfan Wahid has steered GFS into becoming one of Pakistan’s
most recognized and respected real estate developers. Under
his leadership, GFS has built a legacy of delivering high-quality,
sustainable housing solutions across the country, helping
countless families realise their dream of homeownership.
What sets Irfan apart is not just his business acumen, but
a visionary approach grounded in social purpose. “Everyone
deserves a home,” he says, a belief that has been the
cornerstone of GFS’s mission. The company’s commitment
to low-cost housing with high-standard utilities reflects this
ethos, creating living spaces that are accessible, comfortable,
and designed with care.
Educated in some of the world’s top institutions, including
HIGHLIGHTS
Year of Establishment:
2005
Countries Operating In:
UAE, UK, USA, Canada,
Saudi Arabia and Pakistan
Team Size:
3,000+
Awards & Accolades:
Emerging Developer of the
Year 2025
44
IRFAN
WAHID
Chairman
GFS Development
an MBA from the University of Washington and real estate
certifications from the London School of Economics, Irfan
brings global expertise to Pakistan’s local markets. His
experience across London, New York, and Pakistan gives
him a rare international perspective, which he uses to raise
standards and set new benchmarks in the industry.
Beyond his executive role, Irfan is an influential voice in
Pakistan’s real estate ecosystem. As Vice Chairman of the
Memon Supreme Council and a trusted member of the Association
of Builders and Developers (ABAD), he champions
industry reforms and innovation, pushing for a more inclusive,
transparent, and forward-thinking real estate sector.
At the heart of GFS is a deep-rooted commitment to trust,
teamwork, and transformation. The company’s portfolio
spans residential and commercial projects, farmhouses, plots,
apartments, and retail spaces, each one a testament to design
excellence, solid craftsmanship, and investment value. With
over two decades of development experience, GFS has not
only built structures, but it has also built a reputation.
Under Irfan’s leadership, GFS has expanded its footprint
across major cities in Pakistan, from community-driven
townships to state-of-the-art commercial hubs, GFS continues
to shape the future of real estate with purpose and vision.
64 www.thefinanceworld.com Jun 2025
45
MICHAEL BELTON
Chief Executive Officer
MERED
With over 30 years of international
experience in high-value real
estate development, Michael
Belton, CEO of MERED, brings a legacy
of leadership, vision, and proven performance
to the global property stage.
From iconic civic landmarks to luxury
residences and large-scale commercial
developments, his portfolio spans more
than $5 billion in managed real estate
assets across the U.S., Europe, and the
Middle East.
Michael’s career has been defined by
transformative roles in both startups
and multinational enterprises, consistently
building high-performing teams
and delivering complex, high-stakes
projects. Prior to joining MERED, he
played a pivotal role in shaping the
future of Saudi Arabia as the leader of
the Qiddiya Performing Arts Centre, a
landmark component of the Kingdom’s
Vision 2030 initiative.
Today, at the helm of MERED, Michael
is channelling his decades of experience
into expanding the company’s presence
in the UAE and GCC markets. His leadership
focuses on elevating the brand’s
global profile through innovative projects
and strategic partnerships. Known for
his ability to mentor talent, lead with
clarity, and deliver results in complex
market environments, he is spearheading
MERED’s evolution into a market leader.
Michael holds a Bachelor of Arts in
Political Science and Government from
the University of Massachusetts Amherst,
a foundation that has supported his
understanding of global dynamics and
policy-influenced real estate development.
46
NAAMAN ATALLAH
President, Real Estate
Al-Futtaim Group Real Estate
With over three decades of transformative
leadership in real
estate, Naaman Atallah brings
a rare blend of regional expertise, global
perspective, and forward-looking strategy
to his role as President of Al-Futtaim
Real Estate. Tasked with steering the
company’s growth and optimising a
multi-billion-dollar portfolio, Atallah is
driving Al-Futtaim Real Estate’s mission
to redefine integrated community living
across the Middle East and North Africa.
Before joining Al-Futtaim, Atallah
served in top leadership roles at some of
the region’s most influential developers,
including Group CEO at Nakheel, CEO
at Piramal Realty, Dubai Properties, and
senior positions at Emaar, Qatari Diar,
and Solidere. His leadership consistently
reflects an ability to transform vision into
reality, delivering large-scale developments,
enhancing operational performance, and
amplifying customer value.
An engineer by training, Atallah holds
a BSc in Civil Engineering from the University
of Texas at Austin, an MBA from
Pepperdine University, and completed
the Advanced Management Programme
at INSEAD in France. His strategic acumen
has also extended to governance,
with roles on investment committees
and boards across Europe, the GCC,
and North Africa, including Qatari Diar
Istanbul, Ajdan in Saudi Arabia, Emaar
Lebanon, and the Misk Foundation’s real
estate division in Saudi Arabia.
Jun 2025 www.thefinanceworld.com 65
47
ANWAR ATARI
Chief Executive Officer
Al Ghurair Properties
As the CEO for Commercial and
Residential at Al Ghurair Properties,
Anwar Atari plays a crucial
role in shaping the Group’s real estate
strategy, enhancing its existing portfolio,
and driving the automation of new
business and diversification initiatives.
His leadership ensures that Al Ghurair
Properties continues to evolve and
maintain its position as a leading force
in the UAE’s real estate sector.
With a wealth of over 30 years of
experience, Anwar has demonstrated
a remarkable ability to help companies
achieve their full potential across various
industries and regions. His career spans
renowned global organizations such as
Vycom Electronics, Johnson and Johnson
Pharmaceutical, Total Oil and Gas, and
British American Tobacco, where he honed
his leadership and strategic expertise.
In recent years, Anwar has focused
his expertise on the UAE real estate
market, holding key leadership positions
in prominent local companies. Additionally,
his career has seen him serve
as a Board Member for two companies
in Jordan and Morocco. Anwar has also
played an integral role in several Audit
and Corporate Governance Committees,
further solidifying his reputation as a
trusted leader in corporate oversight.
Anwar holds an Executive MBA from
the London Business School, further
enhancing his strategic acumen and leadership
capabilities. Under his guidance,
Al Ghurair Properties continues to focus
on innovation, operational efficiency,
and long-term sustainability, ensuring
the Group remains a key player in the
UAE’s competitive real estate landscape.
48
SUWAIDAN AL-DHAHERI
Chief Executive Officer
IMKAN Properties
As the Chief Executive Officer of
IMKAN Properties, Suwaidan
brings more than two decades
of expertise to one of the UAE’s most
forward-thinking real estate developers,
blending precision engineering with
soulful placemaking.
Since taking the helm at IMKAN in
2020, Suwaidan has overseen the company’s
global expansion and strategic
execution, with a portfolio that now
spans 26 landmark projects across two
continents. From Morocco to Egypt and
beyond, IMKAN’s developments embody
a unique ethos: to create spaces that
enrich lives, not just occupy land. It’s a
vision deeply aligned with Suwaidan’s
own belief in building with purpose.
A trained engineer with a career spanning
over 24 years, Suwaidan brings a
multifaceted leadership approach rooted
in operational excellence and a sharp
focus on long-term value. Before joining
IMKAN, he served as the CEO of Musanada
Abu Dhabi General Services Company,
where he managed a vast AED 125 billion
portfolio across various sectors. Under
his stewardship, Musanada successfully
delivered 104 projects and oversaw more
than 2,000 assets, an achievement that
reflects both scale and strategic finesse.
Known for setting high standards and
delivering consistent results, Suwaidan
Al-Dhaheri continues to shape IMKAN
into a global player with a local soul. His
steady hand at the wheel ensures that
IMKAN isn’t just building properties, it’s
building legacies.
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49
ABBAS SAJWANI
Founder and CEO
AHS Properties
At just 18 years old, Abbas Sajwani
took the first confident steps of what
would become a transformative
journey in the world of business and real
estate. Today, he is the founder and CEO
of AHS Group, a diversified UAE-based
conglomerate operating across three
verticals: Ventures, Investments, and
Properties, with 2,000+ employees and
total assets exceeding USD 800 million. As
one of the youngest and most influential
entrepreneurs in the Gulf region, Abbas
is redefining the contours of modern
luxury and enterprise.
In November 2021, Abbas launched AHS
Properties, a flagship entity under the AHS
Group umbrella. Focused exclusively on
the ultra-luxury segment, the company
quickly distinguished itself by offering
bespoke, architecturally exceptional
villas and residences in Dubai’s most elite
neighbourhoods. From Palm Jumeirah to
Emirates Hills and the Dubai Water Canal,
AHS Properties has crafted a portfolio
with a gross development value of over
USD 1.65 billion as of the end of 2023.
Under Abbas’s leadership, AHS Properties
moved swiftly from luxury villa
redevelopments to pioneering off-plan
luxury projects that are raising the bar
in high-end real estate. These include
boutique towers with exclusive sky villas,
penthouses, and full-floor residences, each
project reflecting a deep commitment to
excellence, privacy, and lifestyle design.
In an era where authenticity, design,
and lifestyle are paramount, Abbas
Sajwani is setting a new benchmark for
what the future of ultra-luxury real estate
should look like - crafted, curated, and
truly exceptional.
50
KHALAF AHMAD AL HABTOOR
Founder and Chairman
Al Habtoor Real Estate
Few individuals embody the spirit of
the UAE’s economic miracle quite
like Khalaf Ahmad Al Habtoor. A
self-made businessman, visionary, philanthropist,
and national icon, Al Habtoor
is the Chairman and Founder of the Al
Habtoor Group, one of the most influential
and diversified conglomerates in the
Middle East. His legacy, shaped over more
than five decades, mirrors the meteoric
rise of the United Arab Emirates from a
collection of desert towns to a globally
admired economic powerhouse.
From humble beginnings as an employee
in a local construction firm, Al Habtoor’s
entrepreneurial journey began in 1970, when
he established Al Habtoor Engineering,
just a year before the historic formation
of the UAE Federation. Inspired by the
nation’s newfound unity, he embarked
on a mission to build infrastructure that
would elevate the country’s global standing.
What started as a small engineering
company grew into the Al Habtoor Group,
a multi-sectoral giant with interests in
hospitality, automotive, car leasing,
real estate, education, and publishing,
employing thousands of people across
the UAE and internationally.
Under Al Habtoor’s leadership, the
group has become a cornerstone of
the UAE’s transformation. Through Al
Habtoor Real Estate, the Group has set
the gold standard for commercial and
residential development.
Jun 2025 www.thefinanceworld.com 67
51
ALI AL GEBELY
Founder and Chairman
One Development
Ali Al Gebely is a seasoned entrepreneur
and visionary business leader
whose legacy is deeply rooted in
over two decades of shaping industries
across energy, real estate, and technology.
As the Founder and Chairman of Al
Gebely Holding and ONE Development,
he has been instrumental in advancing
his family’s 40-year legacy while forging
new paths in innovation-driven sectors.
Al Gebely’s leadership has been pivotal
at Al Fanar Gas Group, Abu Dhabi’s
largest LPG distributor, where he led
the company to secure ADNOC’s first
city gas infrastructure EPC contract, a
key milestone under the Abu Dhabi 2030
vision. Under his stewardship, Al Fanar
has delivered over 1,500 landmark projects
across Yas Island, Saadiyat Island, and
Al Reem Island, cementing its reputation
as a key infrastructure player.
In parallel, his role as Managing
Director of EHC, one of the region’s
most established holding companies
in the energy sector, showcases his
strategic oversight of a multi-sector
conglomerate with interests spanning
technology, healthcare, finance, tourism,
and alternative investments. Through
Al Gebely Holding, he is now focused
on scaling transformative ventures that
blend innovation, sustainability, and
long-term impact.
Holding a degree in economics from
Middlesex University, London, and dual
bachelor’s degrees in international business
administration and mechanical engineering,
Al Gebely brings a rare blend of
analytical thinking and technical acumen.
52
GEORGE SAAD
Chief Executive Officer
Al Zorah Development Company
George Saad took on his current
role in 2022 as part of Al Zorah
Development Company, a joint
venture between the Government of
Ajman and Solidere International. Under
his leadership, the company has achieved
remarkable growth, with a 38% year-onyear
increase in transactions in 2024. As
of March 2025, Al Zorah has successfully
delivered 190 villas, 400 residential
units, and 98 hotel keys. Furthermore,
the company has an ambitious pipeline,
including 600 villas, additional units, and
174 hotel keys set for future delivery.
One of the company’s notable accomplishments
was the early completion and
handover of the Seaside Hills Villas in
January 2025, which was delivered two
months ahead of schedule. Prior to this,
Saad served as the commercial director
at Marjan, where he played a pivotal role
in shaping the company’s commercial
strategy and performance. His leadership
continues to drive Al Zorah’s success in
the competitive real estate sector.
His leadership continues to drive
Al Zorah’s success in the competitive
real estate sector. With a clear vision
and a focus on timely delivery, Saad is
positioning Al Zorah as a benchmark for
excellence and innovation in Ajman’s
evolving landscape. As the company
expands its footprint, it remains committed
to creating sustainable, high-quality
developments that contribute to the
emirate’s long-term growth.
68 www.thefinanceworld.com Jun 2025
53
HAZZA ZAAL
Chief Executive Officer
Al Barari Real Estate Group
As the CEO of Al Barari, Dubai’s
most verdant and iconic lifestyle
community, and the founder of
the next-generation real estate venture
Elemental, Hazza Zaal has made it his
mission to redefine how people live,
connect, and thrive.
Al Barari, derived from the Arabic
word for “wilderness”, is far more than a
real estate development. It is a visionary
ecosystem born out of Zaal’s deep belief
in the power of nature to transform
human well-being. Since its inception
in 2005 by his father, Zaal Mohamed
Zaal, Al Barari has become a rare green
sanctuary within Dubai’s urban sprawl.
Offering a collection of architectural
masterpieces from The Residences to
Seventh Heaven, alongside world-class
amenities like The Farm restaurant,
Heart and Soul Spa, and Body Language
health club, the community has set new
benchmarks in sustainable luxury. Hazza
Zaal has continued to evolve the Al Barari
legacy, ensuring that every element from
urban planning to interior design fosters
wellness, harmony, and community. His
projects are not merely investments in land
but in lifestyle, purpose, and longevity.
Through Al Barari and Elemental, Hazza
Zaal is leading a quiet revolution in real
estate, proving that luxury doesn’t have
to be loud, and that the homes of tomorrow
must heal as much as they house.
In every project he touches, nature is
not an afterthought. It is the foundation.
54
BENOY KURIEN
Group Chief Executive Officer
Al Hamra
Benoy Kurien assumed his current
role as Group Chief Executive
Officer at Al Hamra in 2018, after
having previously served as General
Manager from 2011. His leadership has
been a driving force behind the impressive
growth of Al Hamra, a prominent
lifestyle development and investment
company in the UAE, with a portfolio
valued at USD 1 billion.
Benoy’s journey with Al Hamra began
in 1998, where he quickly rose through
the ranks, demonstrating his expertise in
strategic planning, portfolio expansion,
and the execution of diverse projects
across retail, residential, hospitality,
leisure, and entertainment sectors. His
leadership has been instrumental in shaping
the company’s trajectory, overseeing
its operations and assets with a keen
focus on ensuring continued success
and expansion.
Under his stewardship, Al Hamra has
achieved significant milestones, including
the inauguration of the Sofitel Al Hamra
Beach Resort in May 2024 in partnership
with Accor. The resort, which features
292 luxury suites, was first revealed
in 2021. Additionally, Benoy played a
pivotal role in launching the Waldorf
Astoria Residences Ras Al Khaimah
in 2024, marking the debut of Waldorf
Astoria Residences in a managed resort
in the UAE. The development includes
43 ultra-luxury residences, penthouses,
and sky palaces.
Benoy, originally from Bangalore, India,
holds a BA in Commerce, Economics,
Taxation, and Accounting from St. Joseph’s
College of Commerce in Bangalore.
Jun 2025 www.thefinanceworld.com 69
55
SAMER AMBAR
CEO and Co-Founder
REEF Luxury Developments
With two decades of experience in
banking and real estate, Samer
Ambar brings a rare blend of
financial insight and visionary thinking
to the real estate sector in UAE.
Under his guidance, REEF has become
known for its luxurious, innovative
technology which has reshaped the real
estate sector. REEF Luxury Developments’
standout features are its patented
Sunken Balconies and Winter Gardens
with outdoor cooling, a first-of-its-kind
concept that allows residents to enjoy
outdoor living all year round in Dubai.
Ambar places strong emphasis on
smart building technologies and digital
integration. REEF Luxury Developments
appeals to first-time buyers and seasoned
investors seeking substantial returns,
thanks to the value provided by its
innovative concepts. REEF’s portfolio
includes projects such as REEF 1000,
REEF 999, and the upcoming REEF 998.
With a substantial secured land bank,
the company is preparing the launch 30+
projects worth AED 14 Billion in the
near future. Its annual revenue for the
current year is projected between AED
3.5 to 5 billion, backed by 100 per cent
year-on-year growth.
With every project, Ambar moves closer
to his goal of making REEF one of the
most influential names in the region’s
luxury development space.
70 www.thefinanceworld.com Jun 2025
CONTRACTING GIANTS
SECTION SPONSOR
MAIN SPONSOR
Since taking over as CEO of ALEC in 2024, Barry Lewis
has actively redefined it. A stalwart of ALEC for more
than two decades, Barry’s journey is deeply intertwined
with the company’s transformation into one of the most formidable
forces in the construction industry, particularly across
the Middle East. His leadership has been the cornerstone of
ALEC’s ascent, guiding it through landmark developments
that have not only shaped skylines but also set new industry
benchmarks.
Barry’s project portfolio is nothing short of iconic. From
the complex engineering feats of Dubai Airport’s Concourses
A and D to the refined luxury of the Bulgari Hotel and Resort,
from the vertical marvel that is One Za’abeel to the immersive
experience of SeaWorld Abu Dhabi, each project under
his watch reflects ALEC’s blend of architectural brilliance,
logistical sophistication, and sustainable innovation. These
achievements underscore a consistent theme: a commitment
to building beyond the ordinary.
HIGHLIGHTS
Year of Establishment:
1999
Team Size:
10,000+
Countries Operating In:
UAE and Saudi Arabia
1
BARRY
LEWIS
Chief Executive Officer
ALEC Engineering and Contracting L.L.C
Now at the helm as CEO, Barry is charting ALEC’s future
with clarity and ambition. Central to his strategy is geographic
and service diversification. ALEC’s bold expansion into Saudi
Arabia—spearheaded by flagship projects like the Qiddiya
Speed Park, a cornerstone of the Kingdom’s Vision 2030 is
not only growing the company’s regional footprint but is also
cementing its place as a key player in one of the world’s most
dynamic construction markets. This forward-looking move
signals Barry’s readiness to seize new opportunities and steer
ALEC into emerging frontiers.
Innovation, meanwhile, remains at the heart of Barry’s
leadership ethos. With a sharp focus on modular construction
and data centre infrastructure, ALEC is leading the industry
in adopting methods that reduce waste, streamline timelines,
and boost efficiency. These advancements are already visible
in recent projects, where ALEC continues to push technological
boundaries, reinforcing its reputation as a pioneer in
modern construction solutions.
Barry’s vision extends into the energy, oil & gas, and marine
sectors as well. Through ALEC’s wholly owned subsidiary,
TARGET, the company is making strategic inroads into these
industries, broadening its capabilities and enhancing its value
proposition in critical infrastructure development.
72 www.thefinanceworld.com Jun 2025
Murali Serpakkam, the visionary and dynamic leader
of Al-Futtaim Contracting Group (AFCG), has been
instrumental in transforming the company into a future-ready,
innovation-driven powerhouse within the MEP and
engineering sector. With decades of deep expertise spanning
project management, mechanical, electrical, and plumbing
(MEP) services, as well as commercial strategy, Serpakkam
brings a razor-sharp focus on operational excellence, sustainable
growth, and technological evolution.
Under his leadership, AFCG, an integral part of the Al-Futtaim
Real Estate Contracting division has emerged as a prominent
and trusted name across key markets including the UAE,
Saudi Arabia, Qatar, and Egypt. The company has earned
acclaim for delivering cutting-edge MEP and turnkey fit-out
solutions tailored to complex infrastructure, commercial,
residential, hospitality, retail, and automotive sectors. Their
robust portfolio boasts landmark projects such as the MEP
works for Etihad Rail’s Al Faya Depot, one of the region’s
HIGHLIGHTS
Year of Establishment:
1974
Team Size:
5,000-10,000
Countries Operating In:
UAE, Saudi Arabia, Egypt
and Qatar
largest and most strategic rail infrastructure projects, and
the high-profile expansion of Yas Water World in Abu Dhabi.
AFCG’s expertise also extends to the prestigious Al Hamra
Entertainment Complex in Riyadh, alongside luxury hospitality
projects like The Cove and The Reef resorts within the
visionary Red Sea Development Project, as well as the Jabal
Omer development in Makkah, Saudi Arabia.
Serpakkam’s forward-thinking vision has also driven AF-
CG’s commitment to sustainability and digital innovation.
Recognizing the vital importance of energy efficiency and
environmental stewardship, he has championed the company’s
Energy & Sustainability division, integrating sustainable
practices and smart construction technologies into ongoing
and upcoming projects.
Complementing AFCG’s contracting prowess, Al-Futtaim
Engineering provides an extensive portfolio of products and
services vital to the construction industry. These include
advanced air conditioning systems, scaffolding and access
solutions, elevators and escalators, control and life safety
systems, facilities management, building products, as well as
technology infrastructure and digital transformation offerings.
With a proven track record, Al-Futtaim Contracting Group
stands poised for continued growth and success.
2
MURALI
SERPAKKAM
Managing Director
Al Futtaim Contracting
Jun 2025 www.thefinanceworld.com 73
As Group Chairman of Khansaheb Group, Tariq Hussain
Abdulrahman Khansaheb plays a central role in leading
one of the UAE’s most established and respected
construction companies. With a civil engineering degree from
the University of Colorado and early professional experience
at R.M. Douglas (later Interserve) in the UK, Tariq returned
to the UAE in 1985 to join the family business, bringing both
international perspective and a strong sense of responsibility
for the company’s future.
Over the years, he has overseen the successful delivery of
numerous major projects, reinforcing Khansaheb’s reputation
for excellence and reliability. Established in 1935, the company
has contributed significantly to the development of the
UAE’s built environment, playing a key role in the country’s
transformation from its early foundations to its current urban
landscape. Under Tariq’s guidance, Khansaheb has steadily
expanded in both scale and scope, evolving to meet the demands
of a growing and dynamic market.
HIGHLIGHTS
Year of Establishment:
1935
Team Size:
5,000+
Countries Operating In:
UAE
3
TARIQ HUSSAIN
ABDULRAHMAN
KHANSAHEB
Group Chairman
Khansaheb Group
While construction and engineering remain at its core,
Khansaheb has strategically diversified into facilities and property
management, sustainable innovation in HVAC solutions,
F&B, aviation training, lifestyle centres, and healthcare. Its
multicultural team of nearly 5,000 employees is committed
to driving efficiency and delivering long-term value to clients,
customers, and communities. Today, Khansaheb continues to
grow, building on decades of expertise and a legacy of trust,
while staying ahead of industry developments and creating
meaningful impact across the sectors it serves.
Khansaheb remains focused on staying ahead of industry
developments while creating meaningful impact across the
many sectors in which it operates. As a fourth-generation
family business, Khansaheb Group leads a diverse portfolio
spanning projects across desert, city and sea. With a clear sense
of direction, the company continues to invest in its people,
strengthen its presence, and embrace new opportunities to
deliver positive change.
Tariq’s vision aligns closely with the company’s mission: to
build a future rooted in quality, trust, and innovation. Through
a deep commitment to long-term growth, he is guiding Khansaheb
into the future while preserving the legacy of a company
that has helped shape the UAE for more than 85 years.
74 www.thefinanceworld.com Jun 2025
4
KYPROS TSENTAS
Group President
Wade Adams Contracting
Kypros Tsentas leads Wade Adams,
one of the Gulf region’s most
respected and long-established
infrastructure contractors, with a legacy
that began more than four decades ago in
Africa. From its humble beginnings with a
small fleet of equipment and a dedicated
team, the company has grown steadily
into a regional powerhouse, employing
over 15,000 professionals and operating
a fleet of more than 4,000 units of heavy
machinery.
Under Tsentas’ visionary leadership,
Wade Adams has successfully delivered
a wide range of high-value, technically
complex infrastructure projects for
both public and private sector clients
throughout the Gulf. These projects span
critical sectors including transportation,
utilities, and large-scale urban developments.
The company is highly regarded
for its consistent commitment to quality,
its ability to meet aggressive deadlines,
and its strategic integration of innovation,
advanced technology, and sustainability
in every project it undertakes.
Tsentas attributes the company’s
long-term success to a foundation built
on trust, transparency, and the strength
of a highly skilled, motivated team. By
fostering enduring partnerships with
clients, consultants, and government
entities, Wade Adams has earned a reputation
for dependable performance and
forward-thinking execution.
From roads, highways, and bridges
to entire urban districts, Wade Adams
continues to play a key role in shaping
the modern infrastructure of the Gulf
region, setting benchmarks in excellence
and reliability.
5
SENAN AL NABOODAH
Managing Director
Al Naboodah Construction Group
As Managing Director of Al Naboodah
Construction Group (ANCG),
Senan Al Naboodah leads one of
the UAE’s most respected construction
firms, with a legacy rooted in the country’s
transformation. A third-generation
member of the Al Naboodah family, he
oversees a company that has been central
to some of the region’s most ambitious
and impactful infrastructure projects.
Under Senan’s direction, ANCG continues
to deliver complex civil engineering,
building, and MEP works across the GCC
and beyond. The company has contributed
to the development of the UAE’s modern
landscape through landmark projects
such as Palm Jumeirah, Business Bay,
Yas Island, Dubai Water Canal, and major
expansions at Dubai’s airports. ANCG
also played a key role in the Expo 2020
site development, further reinforcing its
role in shaping the nation’s infrastructure.
Health and safety are core to Senan’s
vision for the construction sector. This
focus has earned ANCG widespread
recognition, including accolades from
Dubai Expo 2020 and Dubai Municipality
for outstanding HSE performance.
Senan’s leadership is defined by a
forward-thinking approach that balances
technical excellence with a human-first
mindset. With a strong emphasis on safety,
sustainability, and continuous improvement,
he is guiding ANCG through the evolving
demands of the construction sector while
honouring the company’s long-standing
legacy of quality and reliability.
Jun 2025 www.thefinanceworld.com 75
As CEO of Arabian Construction Company (ACC), Maher
Merehbi leads one of the Middle East and North Africa’s
most accomplished construction firms. The firm is
renowned for delivering complex, high-calibre projects that
define cityscapes and push technical boundaries.
Under his leadership, ACC has completed some of the
region’s most recognisable structures. A prime example is
the Sheikh Zayed Grand Mosque in Abu Dhabi, one of the
largest mosques in the world. Built with over 90,000 tonnes
of pure white Macedonian and Greek marble, the mosque
features 82 domes, columns inlaid with semi-precious stones
like amethyst, abalone, and mother-of-pearl, and a nine-tonne
chandelier set with Swarovski crystals and finished in 24-carat
gold. It is a project that exemplifies ACC’s capacity to combine
architectural beauty with engineering precision.
Since its founding in 1967 by the Merehbi and Mikati families
in Lebanon, ACC has remained a privately held, family-led
business. With Maher at the helm, the company has grown
HIGHLIGHTS
Year of Establishment:
1965
Team Size:
10,000+
Countries Operating In:
Middle East and India
6
MAHER
MEREHBI
Chief Executive Officer
Arabian Construction Company (ACC)
into a multinational enterprise headquartered in Abu Dhabi,
with operations spanning the UAE, Saudi Arabia, Lebanon,
Egypt, England, India, the Ivory Coast, and Cameroon. ACC
today employs over 20,000 people across 11 offices and has
an annual turnover exceeding $1 billion.
Beyond the Grand Mosque, the company’s portfolio includes
a long list of prestigious developments such as Etihad
Towers, the Emirates Palace Hotel, the Abu Dhabi World
Trade Centre, Emirates Airline’s headquarters, and the UN
Economic and Social Commission for Western Asia building
in Beirut. From luxury skyscrapers to high-spec government
buildings, ACC consistently delivers on ambitious visions
with precision and efficiency.
For Maher, effective leadership is grounded in ethics, results,
and adaptability. His strategic direction has not only
elevated ACC’s regional stature but also ensured its continued
relevance in a competitive global market. Through a commitment
to quality, he is shaping a future where ACC continues
to be trusted with the region’s most defining projects. Looking
ahead, Maher is focused on integrating sustainable practices
and cutting-edge technologies to meet evolving industry demands.
His vision is to expand ACC’s footprint has become
synonymous with the company’s name.
76 www.thefinanceworld.com Jun 2025
With nearly four decades of experience in construction
management, Moustafa Hassan has built a career
defined by scale, precision, and profitability. Over the
past 37 years, he has led projects exceeding AED 3 billion in
value across Saudi Arabia, the UAE, Qatar, and Kuwait, managing
a diverse range of developments that include high-rise
towers, five-star hotels, hospitals, royal palaces, commercial
complexes, and universities.
His approach to project delivery is rooted in a results-driven
mindset, balancing engineering excellence with sound
financial oversight. Moustafa’s focus has consistently been
on delivering projects that meet both timeline and financial
targets. Through disciplined resource management, risk
mitigation, and cost-effective execution strategies, he has
ensured that every project under his supervision meets stakeholder
expectations and often exceeds them. His leadership
of large, multidisciplinary teams has played a central role in
consistently achieving these outcomes.
HIGHLIGHTS
Year of Establishment:
1976
Team Size:
4,000+
Countries Operating In:
UAE and Saudi Arabia
Beyond managing high-value projects, Moustafa is widely
known for his ability to turn around troubled developments
and underperforming construction firms. His talent for quickly
identifying operational and structural issues, and implementing
strategic corrections has enabled him to rescue distressed
projects and restore both profitability and reputation.
Moustafa holds a Bachelor of Science in Civil Engineering
from Suez Canal University and a Postgraduate Diploma in
Business Administration and Management from the University
of Leicester. This blend of technical expertise and managerial
training has enabled him to operate effectively across the full
project lifecycle, from design and planning to execution and
financial performance.
Complementing Moustafa’s leadership, Al Sahel Contracting
Company has been a prominent main contractor in the building
construction sector since 1976, recently celebrating its
45-year anniversary. Over nearly five decades of continuous
growth and improvement, ASCC has successfully delivered
an extensive portfolio of iconic projects including high-rise
buildings, and mixed-use developments and more. Together,
Moustafa Hassan and ASCC continue to drive success across
every project they lead, reinforcing their standing as key
contributors to the region’s construction industry.
7
MOUSTAFA
HASSAN
Managing Director
Al Sahel Contracting Company (ASCC)
Jun 2025 www.thefinanceworld.com 77
8
S.N. SUBRAHMANYAN
Chairman & Managing Director
Larsen & Toubro
With a career spanning four decades
at Larsen & Toubro, S.N.
Subrahmanyan, has become a
cornerstone of India’s industrial and infrastructure
growth story. Currently serving
as the Chairman and Managing Director
of L&T, Subrahmanyan’s leadership has
not only elevated the company’s stature
domestically but also propelled its global
footprint across critical sectors such as
infrastructure, technology, and finance.
Joining L&T in 1984 as a Project
Planning Engineer, Subrahmanyan
rose through the ranks with a blend of
strategic foresight, technical expertise,
and operational excellence. His ascent
to the Board in 2011 marked a significant
phase of expansion for the company,
particularly in infrastructure. Under his
guidance, L&T’s infrastructure business
has become the largest in India and a
formidable presence on the global stage.
From transformative mixed-use projects
in Oman to large-scale renewable energy
and utility developments in Saudi Arabia,
Subrahmanyan has overseen some
of the most complex and high-impact
engineering feats in the region.
Hailing from Chennai, Subrahmanyan
brings both engineering and management
prowess to the table, holding a civil
engineering degree from the National
Institute of Technology, Kurukshetra,
and a postgraduate degree in business
management from Symbiosis Institute of
Business Management, Pune. His leadership
journey has been shaped by industry
mentors and sharpened by executive
training at the London Business School.
9
MOHAMMED SAIF MOHAMMED
BIN SHAFAR
Chairman
Al Shafar General Contracting (ASGC)
As Chairman of Al Shafar General
Contracting (ASGC), Mohammed
Saif Mohammed Bin Shafar has
played a central role in shaping the UAE’s
construction landscape. A seasoned leader
who began his professional journey in
the United Arab Emirates Armed Forces,
he brings over three decades of military
and business discipline to the private
sector. After retiring from active duty in
2001, he fully focused on expanding his
entrepreneurial ventures, establishing
Bin Shafar Holding, a diversified group
with more than 20 companies operating
across construction and real estate.
Since its inception in 1989, ASGC has
grown under his close guidance to become
a leading special-grade contractor in the
region. The company has delivered over
250 major projects and now operates
across multiple countries, including Egypt,
Saudi Arabia, Kuwait, Qatar, Syria, Oman,
and Libya. Bin Shafar’s commitment to
quality and professionalism has placed
ASGC among the UAE’s top construction
companies, with recent landmark
developments including Emirates Crown
Tower, Oceanscape, and Al Wifaq Tower.
With a dual bachelor’s degree in Business
and Military Administration, Mohammed
Bin Shafar combines strategic foresight
with operational excellence. His leadership
reflects a deep-rooted commitment
to national progress, corporate integrity,
and creating a solid foundation for the
future.
78 www.thefinanceworld.com Jun 2025
10
MOHAMED MAHMOUD
Group Chief Executive Officer
Trojan Construction Group
Eng. Mohamed Mahmoud brings
over 20 years of construction
industry experience, including
more than 15 years at Trojan, where he
has played a key role in driving business
diversification, executing large-scale
EPC developments, and expanding the
company’s operations across the UAE,
Saudi Arabia, and Egypt.
His leadership has been central to securing
major contracts and strengthening
Trojan’s relationships with government
bodies, investors, and stakeholders.
Known for his financial insight and
strategic approach to risk management,
Eng. Mahmoud has also championed
digital transformation across the group,
positioning Trojan at the forefront of
innovation in the construction sector.
Now at the helm of the company’s
strategic direction and operations, he is
focused on enhancing synergies across
business units, expanding regional
and global presence, and cultivating a
high-performance culture. Under his
guidance, Trojan continues to build on
its legacy as a top-ranked construction
group in the UAE and a regional leader
in sustainability and delivery excellence.
His vision includes deeper integration of
ESG principles, investment in next-generation
construction technologies, and
nurturing future talent through upskilling
and leadership development programs,
ensuring Trojan remains agile, resilient,
and ahead of the curve in an ever-evolving
industry landscape.
11
SUHAIL ZAIN-ELDEEN
Group Chief Executive Officer
Al Shafar Group
With a career that spans decades
and industries as diverse as
aviation, automotive, education,
pharmaceuticals, telecommunications,
and real estate, Suhail Zain-Eldeen has
proven time and again that true leadership
is about adaptability, vision, and
relentless execution.
As a Group Chief Executive Officer at
Al Shafar Group, one of the UAE’s most
influential conglomerates, Suhail brings
to the table an unmatched track record of
steering companies through rapid growth,
turnarounds, and market diversification.
His approach is rooted in a deep understanding
of business dynamics across
sectors from interior design to marine
engineering, from IT and electronics to
refreshments and elevators.
At the core of his success lies a results-driven
leadership philosophy that
prioritizes performance and people.
Suhail has led and inspired teams of over
6,000 employees, overseeing P&L responsibilities
for divisions generating more
than $600 million in revenue. Whether
building new ventures from the ground
up or revitalizing underperforming units,
he has consistently delivered on revenue
and profit goals, earning the trust of
stakeholders and industry peers alike.
Under his stewardship, Al Shafar Group
continues to reinforce its legacy as a cornerstone
of the UAE economy. With more
than 35 companies under its umbrella,
the group’s reach spans construction, real
estate, insurance, distribution, and more,
embodying the spirit of the Emirates’
multifaceted development.
Jun 2025 www.thefinanceworld.com 79
12
ABDALLAH YABROUDI
Chief Executive Officer and Managing Director
Dubai Contracting Company (DCC)
From shaping skylines to shaping
futures, Abdallah Yabroudi’s
journey is one of vision, grit, and
impact. As CEO and Managing Director
of Dubai Contracting Company (DCC),
Yabroudi has led the firm through decades
of landmark development, with
a portfolio that includes icons like the
Capricorn Tower, World Trade Centre
Residence, and the Abu Dhabi Commercial
Bank headquarters. With operations
across Dubai, Lebanon, and Chile, and
a workforce of over 6,500, he continues
to drive architectural excellence on a
global scale.
But Yabroudi’s legacy goes far beyond
concrete and steel. A Syracuse University
alumnus and trustee, his transformative
2008 gift to the College of Engineering
and Computer Science established one
of its largest endowed professorships,
advancing civil infrastructure studies
with a global lens. Through pioneering
internship programs at DCC and sustained
advocacy, he has become a bridge between
academia and industry, especially
for Middle Eastern engineering talent.
Rising from site engineer to CEO, and
now also Chairman of District Investment
& Development and General Manager of
Development and Contracting Company
in Chile and Lebanon, Yabroudi exemplifies
what it means to lead with purpose.
His continued support for education and
healthcare, including initiatives at the
Cleveland Clinic UAE, makes him not
just a titan of construction but a builder
of opportunity.
13
K. JACOB JOHN
Chief Executive Officer, Construction & Manufacturing
AI Ghurair Construction
Jacob John serves as the Chief Executive
Officer of a diverse cluster
of companies under the Al Ghurair
Group, spanning industries such as construction,
manufacturing, engineering,
power, switchgear, metal industries,
façades, and aluminium contracting.
In this strategic leadership role, he
is responsible for the comprehensive
oversight and operational execution of
these businesses in alignment with Al
Ghurair’s long-term vision for innovation,
sustainability, and excellence.
With over 38 years of extensive industry
experience, John joined Al Ghurair in early
2017 with a clear mandate: to develop
and transform several businesses from
their foundational stages. His mission is
deeply rooted in the Group’s core ethos,
building reliable and innovative engineering
solutions for the infrastructure sector,
80 www.thefinanceworld.com Jun 2025
while upholding the highest standards of
quality, health, safety, and environmental
responsibility. Jacob remains steadfast in
preserving the legacy and values of the
Al Ghurair founding family while positioning
its companies for future growth.
Prior to joining Al Ghurair, he spent
more than 26 years at ETA, one of the
region’s largest construction conglomerates,
where he played a pivotal role in
the Mechanical and Engineering (M&E)
Division. Rising through the ranks, he
served as General Manager and later as
Chief Operating Officer, overseeing M&E
operations across the MENA region. His
extensive leadership background also
includes serving as a Board Member of
HI-STAR Water Solutions, a joint venture
between Al Ghurair and Hitachi, focused
on water and wastewater management
services.
14
MOHAMMED SAHOO ALSUWAIDI
Group Chief Executive Officer
Al Jaber Group
Mohammed Sahoo AlSuwaidi is
a distinguished visionary and
strategic investment advisor
whose career spans over four decades
in the energy, infrastructure, and utilities
sectors. Renowned for his deep expertise
and transformative leadership, AlSuwaidi
has made enduring contributions to
project management, oil and gas field
development, asset operations project
financing, and corporate governance
with a focus on long-term sustainability.
Throughout his extensive career, he
has held numerous high-impact leadership
roles that have shaped the energy
landscape of the UAE. He served as the
Chief Executive Officer of Abu Dhabi
Gas Industries Limited (GASCO) and
as the Acting Chief Executive Officer of
Nawah Energy Company, a subsidiary of
the Emirates Nuclear Energy Corporation
(ENEC), where he also chaired the Executive
Committee.
A graduate in Chemical Engineering
from the University of Southern
California, he has remained actively
engaged with national policy and business
development. He also serves as a
board member of multiple Abu Dhabi
government organisations, and as the
Founder and Chairman of Equilibrium
Engineering Consultancy, based in Abu
Dhabi, AlSuwaidi leverages his profound
industry knowledge to guide organisations
through complex operational, structural,
and financial transformations, enabling
them to achieve optimal performance
and sustainable growth.
15
ANDREW FANTON
General Manager
Dutco Construction
With more than three decades
of international experience,
Andrew Fanton has led major
civil and marine infrastructure projects
across South Africa, Botswana, the UAE,
Egypt, Qatar, Australia, and Southeast
Asia. As a seasoned construction leader,
his portfolio spans technically complex
commercial, residential, and heavy civil
works, consistently delivering on both
innovation and execution.
Today, he is at the forefront of operations
at Dutco Construction and DBB
Contracting, two key entities under the
Dutco Group of Construction Companies.
The 1970s Dutco has become one of the
UAE’s most respected civil and marine
contractors, known for its pivotal role
in the country’s infrastructure development.
Fanton oversees a vast array of
large-scale projects that include power
stations, ports, tunnels, highways, and
landmark hospitality and retail developments.
Under his guidance, Dutco has
been instrumental in shaping projects
such as Expo 2020, Bluewaters Island, the
Dubai Mall’s Fashion Avenue expansion,
and the Marsa Al Seef waterfront.
His approach emphasizes operational
flexibility, quality assurance, and a longterm
vision that balances client needs
with sustainable business growth. With
a deep commitment to engineering excellence,
Andrew Fanton continues to
push boundaries in a sector that plays
a foundational role in the region’s economic
progress.
Jun 2025 www.thefinanceworld.com 81
From the heartland of Kerala’s farmlands to commanding
a multi-billion-dollar conglomerate that spans continents,
Ravi Pillai’s journey is nothing short of legendary. Born
into a humble farming family, Pillai’s early entrepreneurial
pursuits were tested when his small construction firm in India
shuttered, propelling him to seek new beginnings in the
Kingdom of Saudi Arabia. What began as a leap of faith in
the 1970s soon transformed into the RP Group, a name now
synonymous with resilience, scale, and diversified excellence.
Between 1985 and 1990, the RP Group witnessed exponential
growth, securing pivotal contracts with petrochemical
giants in Saudi Arabia, particularly in the industrial hub of
Al Jubail. By the time the 1990s rolled in, Pillai had firmly
established the group’s presence across the Gulf, evolving into
a preferred partner for regional heavyweights in the oil, gas,
petrochemical, and steel sectors. The RP Group emerged not
just as a contractor but as a trusted builder of nations, crafting
infrastructure and industrial marvels across the Middle East.
HIGHLIGHTS
Year of Establishment:
1970
Team Size:
10,000+
Countries Operating In:
Middle East
16
B. RAVI
PILLAI
Chairman and Managing Director
R.P. Group of Companies
Today, the RP Group is a hallmark of diversification, with
business interests that extend far beyond construction. From
infrastructure and real estate to retail, healthcare, education,
IT, and hospitality, the group’s influence stretches across nine
countries and 20 cities, with a clear vision to evolve into a
global leader. Rooted in principles of operational excellence,
reliability, and community commitment, the group continues
to be a strategic ally for some of the world’s largest corporations,
shaping the hydrocarbon economy of the Middle East.
In hospitality, RP Group’s footprint is both luxurious and
expansive. With over seven hotels across Kerala and the GCC,
Pillai’s passion for hospitality has become a cornerstone of
the group’s identity. From acquiring new properties in Pune
to developing a 200-villa luxury resort in the Maldives, RP’s
hospitality ambitions are bold and borderless.
The Raviz Group, an ancillary of RP Group, further anchors
the company’s standing in the hospitality sector, with a growing
portfolio of iconic resorts and hotels in India and the UAE.
These ventures are an extension of Pillai’s commitment to
creating holistic, experience-driven spaces that merge luxury
with cultural richness. Over four decades since he first arrived
in the Gulf with a dream and a drive, Ravi Pillai stands as a
testament to the power of reinvention and resilience.
82 www.thefinanceworld.com Jun 2025
17
ANIL G. PILLAI
Chairman and Chief Executive Officer
Airolink
Anil G. Pillai, Founder and Chairman
and CEO of Airolink, is a
self-made entrepreneur whose
journey from a modest start in Ireland
to leading a multinational construction
group is a story of resilience, foresight,
and values. With a postgraduate degree
in Business Management and an honorary
doctorate in Construction from the
University of Kuala Lumpur, Malaysia,
Anil has built a global legacy through
his strategic leadership and unwavering
commitment to quality and innovation.
Under his guidance, Airolink evolved
from a regional business in Ireland to a
formidable construction group with a
presence across Ireland, the UAE, and
India. Over the last 27 years, he has steered
the company to become a trusted name in
construction by blending efficiency with
excellence, particularly in high-growth
markets such as Dubai and Abu Dhabi.
Anil’s impact extends far beyond
boardrooms and building sites. He is
a passionate advocate of corporate
social responsibility, having launched
and supported numerous philanthropic
initiatives across Asia and Africa. From
elderly care and vocational training to
housing, education, and medical aid, his
commitment to humanitarian causes has
been recognized globally, including being
conferred the prestigious CIPDH Expert
– SC1 rank by the United Nations Human
Rights Defence Committee in Paris.
With ambitions to expand into the oil
and gas sectors and a five-year roadmap
focused on environmental stewardship
and growth, he continues to inspire
the industry, proving that success and
social responsibility can, and must, go
hand in hand.
18
RICHARD ABBOUD
Chief Executive Officer
Group AMANA
Since joining Group AMANA in 2000,
Richard Abboud has been at the
forefront of the company’s evolution,
holding pivotal roles from Project
Manager to Chief Strategy & Transformation
Officer, and now serving as CEO.
With a civil engineering degree from the
Lebanese University and a master’s in
construction financial management from
Heriot-Watt University, Richard blends
deep technical expertise with a strategic
vision for sustainable growth.
As CEO, Richard leads AMANA’s ambitious
trajectory, guiding its operations
across the GCC, overseeing a portfolio
that spans industrial, commercial, and
specialized sectors, including logistics,
healthcare, data centres, and energy. Under
his leadership, AMANA has embraced
innovation through modular construction
technologies like DuBox and DuPod,
pushing the boundaries of faster, greener,
and safer building methods.
With over 1,500 buildings delivered
and a team of 8,000+ professionals, Richard
continues to champion operational
excellence, digital transformation, and
long-term value creation, cementing
AMANA’s status as a regional powerhouse
in modern construction. His leadership is
also focused on driving ESG integration,
strengthening regional partnerships, and
scaling AMANA’s impact across emerging
markets and high-growth sectors. He
remains committed to nurturing talent,
fostering a culture of innovation, and
positioning AMANA as a future-ready
enterprise that sets new benchmarks in
sustainability and smart construction.
Jun 2025 www.thefinanceworld.com 83
19
AMMAR MUWAHID
Chief Executive Officer
United Engineering Construction (UNEC)
As Chief Executive Officer of United
Engineering Construction (UNEC),
Eng. Ammar Muwahid leads one of
the region’s most accomplished general
contracting companies with a legacy that
stretches back to 1976. With more than
30 years of service at UNEC, he brings
deep-rooted expertise, hands-on experience,
and a forward-thinking vision to his
role, overseeing all operations across the
UAE, Saudi Arabia, and Jordan.
A civil engineer by training, Ammar
began his journey with UNEC in 1993
as a site engineer. His rise through the
ranks reflects a deep commitment to the
company and the construction sector at
large. Today, his leadership is central to
UNEC’s continued success in delivering
transformative projects and building
communities that meet the evolving
needs of the Middle East.
At the heart of Ammar’s philosophy is
a belief in teamwork, hard work, and the
responsibility that comes with shaping the
built environment. He sees construction
not just as an industry, but as a force for
societal advancement.
His vision for UNEC revolves around
innovation, sustainability, and delivering
on the promise of excellence. Under his
guidance, the company partners with
major real estate developers and government
entities, playing a key role in the
development of new urban landscapes
across the region. From residential and
commercial complexes to large-scale
infrastructure, UNEC continues to demonstrate
its ability to execute high-profile
projects with technical precision and
architectural ambition.
20
SAIF AL ASHRAM
Founder
Al Ashram Contracting
With a legacy spanning over
50 years, Saif Al Ashram has
guided Al Ashram Contracting
from modest beginnings to a prominent
force in the UAE’s dynamic construction
landscape. As the driving force behind
one of the country’s most respected
contracting firms, he has witnessed
and led the company’s transformation
from traditional building practices to
cutting-edge, future-focused solutions.
Under Saif Al Ashram’s stewardship,
Al Ashram Contracting has consistently
aligned with the UAE’s strategic growth,
contributing to the nation’s infrastructure
development at every stage. In a sector
now valued at over USD 772 billion in
ongoing and upcoming projects, the
company stands out for its ability to
translate visionary ambitions into tangible
realities.
84 www.thefinanceworld.com Jun 2025
Al Ashram’s leadership is defined by
integrity, innovation, and a commitment
to client-first values. Rather than chasing
short-term profits, the company under his
guidance has built trust by prioritizing
client success, delivering sustainable,
efficient, and high-quality solutions.
Today, as Al Ashram Contracting expands
its footprint across the Emirates, Saif Al
Ashram continues to uphold a mission
of growth, opportunity, and excellence,
cementing his place as a true pioneer in
the evolution of the UAE’s construction
industry.
21
SHAPOOR MISTRY
Chairman
Shapoorji Pallonji Mideast
Shapoor Mistry plays a pivotal role
in shaping the long-term strategic
direction of the Shapoorji Pallonji
Group, a legacy-driven conglomerate with
a 155-year heritage. As a key architect of
the Group’s vision for both domestic and
international expansion, he oversees the
formulation and execution of business
strategies aimed at fostering sustainable
growth across India and developed as
well as emerging global markets.
Over the course of more than three
decades with the Group, Mistry has been
instrumental in the dynamic expansion
of its core businesses, Engineering and
Construction, Infrastructure, and Real
Estate. Under his leadership, the Shapoorji
Pallonji Group has not only strengthened its
traditional operations but also diversified
into new and transformative sectors such
as Oil & Gas, Renewable Energy, Water,
and Financial Services. These strategic
moves have helped position the Group
as a future-focused enterprise equipped
to address global challenges.
Mistry’s approach to leadership is
rooted in empowerment and foresight. He
mentors a capable leadership team that
is encouraged to adopt smart, innovative
solutions and remain steadfast in delivering
on the Group’s foundational values
of reliability and trust. His stewardship
ensures that the Shapoorji Pallonji Group
remains resilient, agile, and aligned with
a long-term vision for value creation.
22
CHAOUCI YASSINE
Chief Executive Officer
Target Engineering Construction Company
Chaouci Yassine is the Chief Executive
Officer of Target Engineering
Construction Company, a premier
EPC contractor with a strong presence
across the UAE, Qatar, and Saudi Arabia.
With over 37 years of comprehensive
experience in the construction industry,
he brings a wealth of technical expertise,
operational insight, and visionary
leadership to one of the region’s most
respected engineering firms.
Yassine began his career with SAE International,
part of the EIFFAGE Group,
where he progressed from a Site Engineer
to Project Manager over a distinguished
17-year tenure. His early career shaped
a foundation of technical precision and
project execution excellence, attributes
that have continued to define his leadership
approach.
He joined Target Engineering in 2002 as
Civil & Buildings Division Manager, rising
to the role of Chief Operations Officer
in 2011 and ultimately being appointed
Chief Executive Officer in February 2014.
Under his stewardship, Target Engineering
has strengthened its reputation as a
single-source EPC provider, renowned
for its multi-disciplinary capabilities
and its ability to deliver complex, largescale
projects across both onshore and
offshore sectors.
Under Yassine’s leadership, Target
Engineering continues to set benchmarks
in EPC excellence, driving innovation,
operational efficiency, and sustainable
growth across some of the region’s most
vital sectors.
Jun 2025 www.thefinanceworld.com 85
23
YU TAO
President and CEO
China State Construction Engineering Corporation Middle East
Yu Tao serves as the President and
Chief Executive Officer of China
State Construction Engineering
Corporation (Middle East), where he
has been at the helm since 2004. Under
his visionary leadership, CSCEC Middle
East has grown into one of the region’s
most prominent construction companies,
employing over 10,000 professionals and
playing a significant role in shaping the
Gulf’s modern infrastructure.
With full responsibility for the company’s
operations across the UAE and the
wider Gulf region, Tao has strategically
reinforced CSCEC’s footprint in the United
Arab Emirates while actively driving
expansion into key markets such as Saudi
Arabia, Kuwait, Bahrain, Iraq, and Eastern
Europe. This forward-looking approach
led to the company’s joint venture win
in June 2022 for a major drill and blast
tunneling contract in Saudi Arabia’s
NEOM project, one of the world’s most
ambitious urban developments.
CSCEC Middle East, under Tao’s
stewardship, is currently involved in
delivering landmark projects including
the new headquarters of the Central
Bank of Kuwait and the iconic Al-Hikma
Tower in the UAE, further cementing its
reputation for engineering excellence
and large-scale execution.
His technical expertise, combined with
a strategic global outlook, continues to
guide CSCEC Middle East toward longterm
growth, regional leadership, and
engineering innovation across diverse
markets.
24
KAREEM FARAH
Director
Engineering Contracting Company (ECC)
Kareem Farah serves as the Director
of Engineering Contracting
Company (ECC), one of the most
established and diversified contracting
firms in the region. Since assuming this
role in 2011, Farah has been instrumental
in driving ECC’s strategic growth,
operational performance, and continued
innovation within the highly competitive
construction sector of the GCC. He also
sits on the Board of Directors of ECC
Group, playing a key role in shaping the
overarching vision and performance of
the Group’s multiple divisions.
Under his leadership, ECC has emerged
as a trailblazer in the construction industry,
recognised for its commitment to
research, development, and technological
advancement. Among his key initiatives
has been the early adoption of Building
Information Modeling (BIM), a digital
86 www.thefinanceworld.com Jun 2025
transformation tool that enhances architecture,
engineering, and construction
workflows. Furthermore, Farah has led
the integration of Lean principles across
operations, significantly improving efficiency
and streamlining project delivery.
ECC’s achievements under his tenure
have earned it numerous accolades from
major regional entities, including Dubai
Municipality and ADNOC. The company’s
strong reputation for quality, reliability,
and execution speed has helped it secure
and deliver some of the region’s most
innovative and technically challenging
projects.
He holds both a Master of Science and
a Bachelor of Science in Civil Engineering
from the University of Edinburgh in the
United Kingdom.
25
FIRAS MASHAL
Managing Director
Al Firas General Contracting
Firas Mashal serves as the Managing
Director of Al Firas Contracting, a
well-established and trusted construction
company based in Abu Dhabi.
Since its founding in 1988, Al Firas has
built a strong reputation for delivering
high-quality, sustainable developments
across a broad spectrum of sectors,
including high-rise commercial and residential
buildings, educational institutions,
factories, labour accommodations, and
private villas.
With a diverse academic background
that combines a Bachelor’s degree in Civil
Engineering from McMaster University
and another in Marketing and Management
from the American University of Sharjah,
Mashal brings a unique dual perspective
of technical precision and strategic
business insight to the construction
sector. This multidisciplinary foundation
has enabled him to lead Al Firas with a
keen understanding of both operational
excellence and market responsiveness.
Under his stewardship, Al Firas continues
to execute complex projects with a strong
commitment to timely delivery, rigorous
safety standards, and environmental
responsibility. The company’s emphasis
on quality workmanship and innovation
has positioned it as a “neat builder” - a
term that reflects its clean, reliable, and
methodical approach to construction in
a rapidly evolving industry.
Firas Mashal remains committed to
driving Al Firas Contracting forward,
ensuring it not only meets but exceeds
client expectations while contributing
meaningfully to the built environment
of the UAE.
Jun 2025 www.thefinanceworld.com 87
BROKERAGE POWERHOUSES
SECTION SPONSOR
MAIN SPONSOR
1
MOHANAD ALWADIYA
Chief Executive Officer
Harbour Real Estate
With over 25 years of industry
experience and an unmatched
presence across media, academia,
and advisory circles, Dr. Mohanad Alwadiya
stands as one of the most influential figures
in the region’s real estate landscape. As
the CEO of Harbor Real Estate, he oversees
mixed-use institutional portfolios
exceeding AED 19 billion, offering clients
strategic direction powered by market
intelligence and operational excellence.
Since 2008, he has served as a senior
instructor and advisor at the Dubai Land
Department, where he has certified
and mentored tens of thousands of real
estate professionals. His efforts have
helped shape the ethical and technical
foundations of Dubai’s property sector,
raising standards and cultivating the next
generation of real estate talent.
Under his leadership, Harbor Real
Estate has grown into a fully integrated
service provider known for delivering
data-backed, results-driven strategies.
The firm’s commitment to global best
practices and ISO 9001:2008 certified
processes has positioned it as a trusted
advisor for both institutional and
individual investors seeking value and
performance in a competitive market.
Beyond the boardroom, Dr. Alwadiya
has become a household name. He is the
host and producer of several top-rated
real estate shows on platforms such as
Dubai TV and MBC1, and the author of
bestselling books including Landlording
– From Renting to Financial Freedom,
which sells over 90,000 copies annually
across the MENA region.
2
CARL ALLSOPP
Co-Founder and Chief Executive Officer
Allsopp & Allsopp
Carl Allsopp’s journey in Dubai’s
real estate market is one of vision,
commitment, and innovation. As
Co-Founder and CEO of Allsopp & Allsopp
Group, he has established a trusted partner
for thousands navigating one of the
world’s most dynamic property markets.
Founded in 2008, Allsopp & Allsopp
emerged with a clear mission: to simplify
the property experience through end-toend
lifecycle solutions. From buying and
selling to renting, investing, and property
management, the group delivers a comprehensive
suite of services designed to
empower clients at every stage of their
real estate journey. At the heart of this
mission is a promise: to help people move
forward with confidence.
With a strong team of over 700 professionals
and an elite internal training
academy, Allsopp & Allsopp places a
premium on local expertise and professionalism.
Their agents aren’t just
salespeople, they’re neighbourhood
specialists, deeply immersed in the communities
they represent and equipped
to offer unmatched insights on Dubai’s
most sought-after areas.
In an industry often challenged by complexity,
Carl has ensured that simplicity,
transparency, and trust remain core pillars
of the Allsopp & Allsopp brand. Under his
leadership, the company has embraced
digital innovation, notably through its
proprietary data.hub platform.
90 www.thefinanceworld.com Jun 2025
Louis Harding is a distinguished real estate leader with
over two decades of experience in the UK and Dubai
property markets. With a successful career spanning
major roles at Foxtons and Strutt and Parker in London,
Louis has built a reputation for driving residential sales,
spearheading strategic growth, and leading high-performance
teams across London’s prime real estate sector. His deep
expertise in residential real estate and business development
has been instrumental in shaping some of the most prominent
property deals in the UK.
Since moving to Dubai, Louis has applied his wealth of
knowledge to further elevate Betterhomes, where he now
serves as CEO. Under his leadership, the company has focused
on driving innovation, enhancing client experiences, and
positioning itself as the most trusted and forward-thinking
real estate brand in the region. His vision continues to shape
Betterhomes as a leading force in Dubai’s competitive real
estate market.
HIGHLIGHTS
Year of Establishment:
1986
Team Size:
200-500
Countries Operating In:
UAE
Founded in 1986, Betterhomes has grown to become one
of the UAE’s most established and respected real estate companies.
Headquartered in Dubai, Betterhomes has played a
pivotal role in shaping the modern property market across
the Emirates. The company’s professional integrity, extensive
market knowledge, and broad portfolio of services have made
it a go-to partner for a wide range of clients, from individual
homebuyers to large institutions.
Betterhomes offers services in residential and commercial
sales, leasing, property management, and valuation, with a
presence across key regions in the UAE, including Dubai and
Abu Dhabi. The company’s tech-enabled platforms, multilingual
agents, and end-to-end real estate solutions ensure that
it remains the preferred choice for buyers, sellers, landlords,
and tenants seeking expert guidance in the UAE market.
Betterhomes is part of the Betterhomes Group, for over
three decades, the company has remained at the forefront of
the UAE’s dynamic property landscape, consistently bridging
tradition with innovation to deliver exceptional results for
its clients.
As CEO, Louis Harding is committed to continuing the
company’s legacy of excellence while steering it toward
future growth in an ever-evolving real estate environment.
3
LOUIS
HARDING
Chief Executive Officer
Betterhomes
Jun 2025 www.thefinanceworld.com 91
With nearly two decades of global real estate experience
and a track record of pioneering success in the
Middle East, James Lewis serves as the Managing
Director and Partner of Knight Frank MEA, leading the firm’s
operations across the Middle East and Africa. From Riyadh
and Jeddah to Doha, Manama, Abu Dhabi, and Dubai, James
has been instrumental in shaping Knight Frank’s presence
across the region.
Since relocating to the Gulf in 2008, James has played a
foundational role in establishing and expanding Knight Frank’s
Capital Markets and Advisory footprint in the region. His
expertise spans occupational and capital market advisory,
with a client base that includes multinational corporations,
investment institutions, family offices, and private clients
seeking deep, data-driven real estate insights.
Under James’s leadership, Knight Frank MEA has grown
into a multidisciplinary advisory powerhouse, delivering
services that span valuation, development consultancy,
HIGHLIGHTS
Year of Establishment:
1896
Team Size:
10,000+
Countries Operating In:
Middle East and North
America
4
JAMES
LEWIS
Managing Director, Middle East & Africa
Knight Frank MENA
occupier solutions, commercial agency, residential sales, and
more. Known for combining global standards with deep local
intelligence, the firm continues to be the partner of choice
for real estate decision-makers across emerging and mature
markets. James’s leadership philosophy centres around empowering
people. He is as focused on team development as
he is on client outcomes, fostering a workplace culture where
ambition, collaboration, and excellence thrive.
A graduate of the University of Reading with a BSc in Land
Management, James also holds an MBA from Bayes Business
School and is a proud member of the Royal Institution of
Chartered Surveyors (RICS).
Through a mix of strategic foresight, market fluency, and
unwavering professionalism, James Lewis continues to elevate
Knight Frank’s vision in one of the world’s most dynamic real
estate regions, driving growth, innovation, and impact through
client-centric solutions, and technological advancement,
while fostering strategic partnerships, embracing emerging
trends, championing inclusive economic growth across
diverse markets, consistently delivering exceptional value
to stakeholders through adaptive strategies and visionary
leadership, and inspiring a culture of excellence, integrity,
and resilience throughout the organization.
92 www.thefinanceworld.com Jun 2025
A
seasoned professional who has weathered the city’s
property market through booms, busts, and bold
reinventions, Simon’s journey is one of grit, growth,
and grounded leadership.
Originally hailing from the UK, Simon launched his professional
career in sales at a young age, cutting his teeth
across several high-pressure industries. But it was in 2005,
amid Dubai’s fast-unfolding economic transformation, that
he saw his true calling emerge: property. Relocating to the
emirate with a vision and an appetite for challenge, he quickly
immersed himself in the burgeoning real estate scene.
What followed was a remarkable ascent. Driven by both
passion and pragmatism, Simon carved a niche for himself
not by chasing trends, but by offering clients sound, experience-backed
advice. In 2013, Simon co-founded haus and haus
alongside fellow Brits James Perry and Luke Remington, later
joined by Charlie Bannan as Managing Director. The vision?
To redefine real estate service in Dubai through a model built
HIGHLIGHTS
Year of Establishment:
2013
Team Size:
200-500
Countries Operating In:
UAE and UK
on trust, accountability, and meaningful relationships. What
began as a boutique operation has since evolved into one of
the city’s most respected real estate powerhouses, boasting
over 300 experts across Sales, Leasing, Property Management,
Commercial, Investments, and Holiday Rentals.
As Managing Director, Simon continues to be the strategic
force behind the firm’s sustained growth and innovative
direction. His core focus lies in off-plan projects and new
business development areas where his foresight and experience
add exceptional value. Under his leadership, Haus and
Haus has not only clinched numerous industry accolades but
also earned a reputation as a guiding voice on the emirate’s
most pressing real estate issues.
Beyond the boardroom, Simon remains steadfast in his commitment
to nurturing talent. “We wanted to build a company
where brokers are empowered to reach their full potential,”
he explains. “That means creating an environment where longterm
client relationships are valued over short-term wins.”
In an industry where change is constant, Simon Baker is
a reminder that success is not just about moving fast, it’s
about moving smart. And with over 18 years of insight in
Dubai’s property sector, his influence on the city’s real estate
landscape is unmistakably enduring.
5
SIMON
BAKER
Co-Founder and Managing Director
haus and haus
Jun 2025 www.thefinanceworld.com 93
As the Founder and CEO of fäm Properties and Executive
Chairman of the fäm Group, Firas Al Msaddi has turned
a once-fractured market challenge into a thriving,
tech-powered empire. His journey from humble beginnings
in Homs, Syria, to building one of the UAE’s most respected
and technologically advanced real estate companies is a story
of resilience, vision, and purpose-driven leadership.
Launched in 2009 at the height of a global financial crisis,
fäm Properties was born of bold conviction. At just 25, Al
Msaddi bet on Dubai’s long-term potential, doubling down
when others were retreating. He built the company on a platform
of integrity, transparency, and technological innovation,
believing that these elements were not just differentiators but
the future of real estate. Today, fäm Properties employs over
900 professionals across 23 branches, managing an investment
portfolio exceeding USD 1.2 billion, and offering a full spectrum
of services from holiday homes to proptech solutions.
Al Msaddi’s entrepreneurial DNA runs deep. From trading
HIGHLIGHTS
Year of Establishment:
2009
Team Size:
500-1,000
Countries Operating In:
UAE
6
FIRAS AL
MSADDI
Chief Executive Officer
fäm Properties
shoes and firecrackers in his youth to a stint as a mall security
guard and top Armani salesman, every chapter sharpened his
commercial acumen. It was a leap into real estate, starting
with commission-based rentals that revealed his true calling.
Within a month, he had closed multiple deals, and by 2009,
he acquired and revitalized a struggling agency, laying the
groundwork for the fäm Group: a multidimensional ecosystem
that now spans interiors, development management,
engineered snagging, media, project oversight, property
management, and technology.
One of Al Msaddi’s signature achievements is the launch
of DXBinteract.com, a government-backed real estate data
platform in collaboration with the Dubai Land Department.
This initiative has been pivotal in enhancing market transparency,
offering investors and professionals real-time access
to property trends, pricing, and interactive insights. As CEO
of Oratec, the tech company behind the platform, Al Msaddi
continues to push the boundaries of innovation in property
intelligence. In a fast-paced, ever-evolving market, Firas Al
Msaddi is not just responding to trends, he’s setting them.
With data-driven insight, technological edge, and an unshakable
belief in values-first leadership, he continues to shape a
real estate landscape that’s smarter, fairer, and future-ready.
94 www.thefinanceworld.com Jun 2025
Calum White is the CEO and Founder of White & Co.
Real Estate, one of the UAE’s fastest-growing real
estate firms. Since launching in 2021 with just eight
team members, Calum has built a powerhouse of over 400+
professionals by 2025, driven by a vision to do things differently
in an industry that often follows the same playbook.
With an eye for what traditional brokerages lacked, he set out
to create a company rooted in responsiveness, innovation,
and people-first principles.
White & Co. Real Estate is a full-service property agency
specializing in buying, selling, and renting both residential and
commercial properties. The firm also offers expert services
across Property Management, Mortgages, Off-Plan Investments,
and Holiday Homes. With comprehensive market analysis,
in-depth property valuations, and strategic advisory, the
company empowers clients to make well-informed decisions
every step of the way from consultation to closing.
Calum’s leadership has driven White & Co. to remarkable
HIGHLIGHTS
Year of Establishment:
2021
Team Size:
400+
Awards & Accolades:
Rising Real Estate Entrepreneur
to Watch 2025
milestones: the second-highest lead generator in Dubai,
third-highest market share, and the fastest-growing real
estate company in the city. These accolades not only reflect
performance but speak to a culture of excellence, agility,
and service.
New strategic hires such as a Group Strategy Director and
expanded leadership across sales and leasing, are sharpening
operational execution and enhancing agent support. White
& Co. is also deepening its people-first philosophy through
its expanded Training & Development programs, designed
to respond to real-time challenges and empower brokers at
every level.
Calum’s belief in speed and quality shines through in the
firm’s marketing engine, which delivers professional property
listings and photography at unmatched speed. This operational
efficiency ensures clients gain maximum exposure in minimal
time, translating into faster sales and leases. What began as
one man’s vision to reshape real estate has become one of
Dubai’s most awarded and trusted brokerages.
Under Calum White’s dynamic leadership, White & Co isn’t
just growing, it’s setting the standard for what modern real
estate can be - blending innovation, integrity, and impact in
every move.
7
CALUM
WHITE
Founder and Chief Executive Officer
White & Co. Real Estate
Jun 2025 www.thefinanceworld.com 95
At the helm of D&B Properties, one of Dubai’s top real
estate brokerages, stands Engineer Adham Younis, a
visionary leader whose strategic foresight and operational
excellence have redefined the standards of real estate
brokerage in the UAE. Since taking over as Group CEO in
2020, Younis has led the firm through a period of unprecedented
growth, cementing its position as Dubai’s number one
real estate agency and forging strong affiliations with major
developers such as Emaar and Nakheel.
Backed by over a decade of cross-functional leadership,
Adham brings to the table a unique blend of engineering
precision, operational rigor, and market intelligence. His
career spans key roles including Senior Operations Auditor
and Senior Quality Assurance and Control Engineer, experiences
that have shaped his systematic and solutions-driven
approach to business. This diverse expertise enables him
to bridge the gap between technical efficiency and strategic
business outcomes.
HIGHLIGHTS
Year of Establishment:
2015
Team Size:
200-500
Countries Operating In:
UAE
8
ADHAM
YOUNIS
Group Chief Executive Officer
D&B Properties
Under his leadership, D&B Properties has not only grown
in scale and market presence but has also undergone a
comprehensive rebranding initiative that elevated its market
perception and client engagement. His leadership philosophy
is rooted in balancing modern, technology-led solutions with
traditional values of trust, transparency, and service excellence,
a duality that has made D&B a trusted name for both
investors and homeowners in Dubai.
Adham’s deep understanding of Dubai’s real estate dynamics,
combined with his Middle Eastern heritage and long-standing
residence in the UAE, has given him a nuanced perspective
on the market’s evolution. He has successfully leveraged this
insight to drive D&B’s expansion, streamline internal operations,
and launch client-centric innovations that resonate
with the region’s diverse demographic.
His commitment to excellence is not limited to numbers;
it’s reflected in the culture he cultivates. Known for his ability
to inspire teams and embrace change, Younis fosters a forward-thinking
mindset across the organization, ensuring that
D&B Properties stays ahead in a rapidly evolving industry.
With a firm grasp on technology trends and a grounded
understanding of market realities, Adham Younis is leading
D&B Properties into a future defined by smart growth.
96 www.thefinanceworld.com Jun 2025
Abdullah Al Ajaji’s journey from a corporate strategist
to a real estate pioneer is a testament to transformative
leadership and bold vision. As the Founder and
CEO of Driven Properties, he has spearheaded one of the
most compelling growth stories in the region’s real estate
sector. What began in 2012 as a modest enterprise with just
nine employees has evolved under his stewardship into a
powerhouse with over 650 professionals, a testament to his
exceptional foresight and leadership acumen.
From the outset, Abdullah set out not just to build a real
estate firm, but to architect an ecosystem. Today, Driven
Properties stands at the heart of a robust network of 13 sister
companies operating under the Driven Group umbrella, each
contributing strategically to the group’s expansive footprint
across real estate investment, development, and services. His
capacity to identify market gaps and build businesses around
them has positioned Driven as a benchmark for innovation
and growth in the industry.
HIGHLIGHTS
Year of Establishment:
2012
Team Size:
500-1,000
Countries Operating In:
Globally
Under his leadership, the company has shattered records,
earned prestigious accolades, and set new standards for
service excellence. Driven Properties has not only expanded
in scale but also elevated in stature, consistently raising the
bar for what’s possible in real estate.
Abdullah’s visionary outlook is underpinned by a diverse
and rich professional background. A Saudi national, he began
his career at Saudi Aramco, the world’s largest oil producer,
where he contributed to Corporate Planning and later, Corporate
Finance and Asset Management. His path then led to
SAMBA Bank, one of Saudi Arabia’s leading financial institutions,
where he served in the Asset Management division
and the Office of the Chief Economist. There, he co-authored
insightful reports on the Saudi economy and capital markets,
deepening his understanding of financial systems and macroeconomic
dynamics.
Academically, Abdullah holds a dual degree in Computer
Engineering and Economics from Pennsylvania State University,
along with an MBA from London Business School,
a combination that has empowered his analytical approach
and innovative thinking.
Today, as he continues to lead Driven Properties into new
frontiers by redefining real estate.
9
ABDULLAH AL
AJAJI
Founder and Chief Executive Officer
Driven Properties
Jun 2025 www.thefinanceworld.com 97
From the world of high finance to the upper echelons of
luxury real estate, George Azar has forged a reputation
as one of the most dynamic forces in the global property
market. As Chairman and CEO of Sotheby’s International Realty
(Dubai, UK & Saudi Arabia), Azar has not only transformed
real estate franchises but has also elevated the prestige of
the Sotheby’s name in three countries.
George’s story is one of precision, ambition, and reinvention.
His professional journey began in finance, where he served
as a Financial Consultant at Merrill Lynch Pierce Fenner and
Smith in the Middle East, expanding clientele and identifying
unique investment avenues. In 1995, he moved to the Swiss
Bank Corporation, and by 1998, he was appointed General
Manager at Banque SCS Alliance Groupe in Beirut, where
he refined marketing and business development strategies
for the Middle East.
By 2001, George was leading from the heart of Dubai’s financial
scene. Appointed Director of the Dubai Representative
HIGHLIGHTS
Year of Establishment:
2013
Team Size:
350
Countries Operating In:
UK, UAE and Saudi Arabia
10
GEORGE
AZAR
Chairman and CEO - Sotheby’s International
Realty (Dubai, UK & Saudi Arabia)
Sotheby’s International Realty - Dubai, UK
& Saudi Arabia
Office of Union Bancaire Privée (UBP), he quickly rose to
Managing Director in 2004. His pioneering spirit led him
to establish UBP Qatar LLC as CEO in 2006, cementing his
influence across the Gulf’s financial sector.
But George Azar’s most iconic move came in 2013 when he
pivoted from banking to luxury real estate taking the helm as
Chairman and CEO of Dubai Sotheby’s International Realty.
His belief in opportunity and optimism laid the foundation for
unprecedented growth. In 2015, he expanded into Saudi Arabia,
acquiring the regional Sotheby’s franchise, and in 2023, he
made a bold acquisition of UK Sotheby’s International Realty,
igniting a full-scale transformation of the London market.
George’s background in finance has played a vital role in
his real estate success. With an MBA in International Business
Administration and Finance and a Bachelor’s Degree
in Economics from the American College of Switzerland, he
brings analytical rigour and strategic foresight to every move.
George Azar is a builder of legacies, not only developing
portfolios and premium properties but nurturing cultures of
innovation, trust, and excellence. His hands-on leadership
has helped position Dubai and the wider Middle East as vital
players on the global real estate stage and he continues to
lead with purpose and passion.
98 www.thefinanceworld.com Jun 2025
11
JOHN LYONS
Managing Director
Espace Real Estate
Over two decades of real estate
experience, a deep understanding
of the Dubai property market, and
a commitment to delivering results define
the leadership of John Lyons. As Managing
Director of Espace Real Estate, he leads a
team of nearly 200 professionals, working
closely with senior management to shape
the company’s strategic direction while
ensuring consistent business growth.
Originally from Scotland, John began
his career in commercial property management
and investment brokering. His
move to Dubai in 2012 marked a turning
point, not only for his own career but
also for the growth trajectory of Espace.
His keen market insights and leadership
skills quickly led to his promotion as Head
of Sales and Leasing, where he played
a pivotal role in expanding the firm’s
residential business. In 2019, he was
appointed Managing Director, bringing
with him a sharp focus on innovation,
operational excellence, and long-term
strategy.
Espace Real Estate, founded in 2009,
has built its reputation on trust, professionalism,
and deep market expertise.
Specialising in sales and leasing, the
company is known for its customer-first
philosophy and a team of multilingual,
experienced area specialists. Under
John’s leadership, the firm has enhanced
its ability to connect thousands of buyers
with sellers, and landlords with tenants,
always with an emphasis on simplicity,
structure, and service.
12
STEVEN MORGAN
Chief Executive Officer -Middle East
Savills
Steven Morgan’s career has been
defined by building businesses,
scaling operations, and delivering
meaningful value to clients. As CEO of
Savills Middle East, his focus is on growing
the company’s presence in the region
through a commercially strategic lens,
ensuring clients benefit from tailored,
results-driven real estate solutions.
His journey began in the UK, where he
developed his expertise in the property
sector before moving to Bahrain. It was
in Dubai, however, where Steven truly
reshaped the landscape, establishing the
residential valuation division and rapidly
building it into a market-leading operation.
This achievement led to his appointment
as Head of UAE in 2009, during which
he oversaw strong performance across
business lines. By 2013, Steven was
promoted to CEO for the Middle East, a
role in which he led the company through
five years of steady expansion.
With a deep understanding of the
region’s nuances and opportunities,
Steven’s ambition is to position Savills
as the service provider of choice across
all GCC markets. His approach focuses
on delivering joined-up, solution-based
real estate services bringing together a
wide range of expertise across sectors
and geographies to meet evolving client
needs.
Today, Savills Middle East offers a full
spectrum of services including strategic
consultancy, market research, residential
and commercial agency, capital markets,
international residential, marketing,
property and facilities management,
tenant representation, and building and
project consultancy.
Jun 2025 www.thefinanceworld.com 99
13
JACKIE JOHNS
Managing Partner
Christie’s International Real Estate
Jackie Johns brings over 18 years of
expertise in the real estate industry
with a specific focus on the United
Arab Emirates. She is highly respected
in Dubai’s residential real estate market
and is the joint owner of Christie’s International
Real Estate Dubai, alongside
her partner, Dinesh Chhatwani. With a
career spanning more than 30 years in
the property industry, Jackie has built a
strong reputation in both the U.K. and
the U.A.E., successfully leading and
managing teams to achieve remarkable
success on an international scale.
Throughout her career, Jackie has
represented some of Dubai’s most prestigious
luxury properties. Known for
her integrity, honesty, and unwavering
commitment, she ensures that every
aspect of the buying and selling process
is tailored to meet the unique needs of
her clients. Her warm and welcoming
attitude has earned her the trust of many,
and she remains acutely aware of her
clients’ requirements.
As Managing Partner of a dynamic,
multifaceted real estate brokerage,
Jackie has refined her expertise across
various departmental services. She plays
an active role in the daily operations of
the business while also crafting innovative
strategies, marketing concepts, and
cultivating strong business relationships.
Her dedication to staying ahead of market
trends and offering a globally recognized
service has allowed her to maintain a
high level of professionalism. By working
closely with her team in a transparent,
collaborative manner, she ensures that
clients return year after year, a testament
to her exceptional service and expertise.
14
FAROOQ SYED
Chief Executive Officer
Springfield Properties
Farooq Syed is the driving force behind
Springfield Properties, one of
Dubai’s leading real estate advisory
firms. With over a decade of expertise in
the UAE’s property market, Farooq has
transformed the brokerage landscape
through innovation, data-driven strategy,
and an unwavering commitment to
transparency and client service. Under his
leadership, Springfield has grown into a
market powerhouse, boasting a team of
over 150 professionals and selling over
AED 2 billion in real estate annually.
A visionary leader and digital trailblazer,
Farooq also commands the largest real
estate YouTube channel in Dubai, cementing
his influence not only in transactions
but also in shaping buyer perspectives
globally. Representing some of the city’s
most exclusive properties and working
closely with top-tier developers like
Emaar, Damac, and Sobha, Springfield
has earned multiple industry accolades,
including the Emaar Alliance Agency
and Dubai Holdings Top Agency awards.
Since its founding in 2008, Springfield
Properties has built a robust portfolio
of residential, commercial, and off-plan
developments, serving both regional and
international investors. Farooq’s relentless
pursuit of excellence continues to
position Springfield as a trusted name in
Dubai’s ever-evolving real estate market.
Farooq’s relentless pursuit of excellence
continues to position Springfield as a
trusted name in Dubai’s ever-evolving
real estate market.
100 www.thefinanceworld.com Jun 2025
15
MYLES BUSH
Co-Founder
Phoenix Homes
A
British entrepreneur and philanthropist,
Myles Bush is the co-founder
and chairman of Phoenix Homes,
the revolutionary agency that shook up
Dubai’s property market with an 80%
commission model for brokers, founded
in 2020. This bold move redefined
industry norms and empowered agents
like never before.
Starting as an ambitious young agent
in Dubai, Myles grew to become the CEO
of Powerhouse Properties between 2008
and 2020, where he quickly realized the
limitations of traditional agency models.
By 28, he had become a self-made
multi-millionaire, driven by a vision to
create something bigger. That vision took
shape with Phoenix Homes, now one of
the city’s fastest-growing agencies and
a magnet for top-tier talent.
Under Bush’s leadership, his companies
have achieved landmark deals, and has
set records for the most expensive villa
sale, the largest land transaction, and the
biggest residential lease in Dubai, as well
as being responsible for and overseeing
over $10 billion worth of real estate
transactions, cementing his position as
a Dubai real estate icon.
Beyond business, Bush is deeply committed
to giving back. He has raised over
seven figures for charity through his real
estate ventures and personal challenges,
including climbing Mount Kilimanjaro,
Island Peak in Nepal, and Mount Elbrus
in Russia (the highest peak in Europe) to
support cancer research and children’s
education. With ambitious expansion plans,
Phoenix Homes is poised to shape the
future of Dubai’s real estate landscape.
16
HAMED GHELICHKHANI
Founder and Chief Executive Officer
Homeland Realty Real Estate
As the Founder and CEO of Homeland
Real Estate, Hamed Ghelichkhani
has established himself as a trusted
leader and educator in the market, with
a reputation built on integrity, insight,
and innovation.
Originally from Tehran, Iran, Hamed
arrived in Dubai in 2003 with a dual foundation
in Civil Engineering and Business
Administration, a combination that would
later shape his pragmatic yet strategic
approach to property investment. Over
the next 17 years, he rose through the
ranks of the industry, holding pivotal
leadership roles at top brokerages including
Dehkadeh Real Estate, Caspian
Properties, and Fidu Properties. Along
the way, he garnered a reputation not only
for sales excellence but also for building
high-performing teams and delivering
consistent investor value.
In 2021, Hamed launched Homeland
Realty, a company born from experience,
driven by purpose, and destined to stand
apart. Since its inception, Homeland has
become one of Dubai’s most exciting real
estate success stories. But Hamed’s influence
extends beyond deals and developments.
He is one of Dubai’s most-followed real
estate mentors, offering highly acclaimed
training sessions on YouTube. These
educational resources have become an
essential tool for thousands of real estate
professionals, helping them build trust
with clients, and raise standards across
the industry.
At just 43, Hamed Ghelichkhani is a
mentor to a generation of brokers, and a
driving force behind one of Dubai’s most
promising real estate brands.
Jun 2025 www.thefinanceworld.com 101
17
URI FONT
Founder and CEO
Luxhabitat
Uri Font, the Founder and CEO
of Luxhabitat, is a visionary in
Dubai’s luxury real estate market.
After earning his MBA from IE Business
School, Oriol began his career in management
consulting. He moved to Dubai
in 2006 and worked as a Consultant for
Delta Partners before founding Luxhabitat
in 2009, during the global economic
recession. His insight into the evolving
real estate landscape led him to create a
platform focused on exclusive properties
valued above AED 5 million.
In 2013, Oriol expanded Luxhabitat’s
offerings by launching its interior
design component, further solidifying
the company’s position as a leader in
luxury real estate. Beyond his work in
real estate, Uri has a strong passion for
luxury design, architecture, FC Barcelona,
and everything digital. Headquartered in
Dubai, Luxhabitat has become a curated
marketplace that connects buyers and
sellers of high-end residential properties,
leasing opportunities, and holiday homes.
The platform’s invite-only nature ensures
that only the finest properties and agents
are featured, offering a premium selection
of the most beautiful homes on the
market. With a design-first approach and
a commitment to quality, Luxhabitat has
set a new standard for luxury real estate
in Dubai, meeting the expectations of
modern buyers and sellers alike.
18
LOAI AL FAKIR
Chief Executive Officer
Provident Real Estate
Loai Al Fakir, the Chief Executive
Officer of Provident Estate, is a
prominent figure in Dubai’s real
estate industry. With over 16 years of
experience, Loai has established himself
as a dynamic and successful entrepreneur.
He founded Provident Estate in 2008, and
under his leadership, the company has
grown to become one of the leading real
estate brokerages in Dubai, recognized
for its exceptional services and innovative
approach.
Before his real estate career, Loai
operated his family business in Cyprus
before relocating to Dubai in 2006. He
began his journey in the industry with
PRV2, the sales division of Abyaar Property
Developers, where he discovered his
passion for real estate. Inspired by his
academic experiences, Loai’s business
mindset and leadership style emphasized
hard work and discipline, which formed
the foundation for Provident Estate’s
success.
The company offers clients a one-stop
shop for property searches, as well as
in-depth information on communities,
areas, projects, and real estate laws.
Under Loai’s guidance, Provident Estate
has continually adapted to market shifts
and stayed ahead of industry trends. He
has played a significant role in many
project developments, helping developers
create the best products for the market
while utilizing cutting-edge marketing
strategies. Loai’s entrepreneurial spirit
and vision for the future ensure that
Provident Estate remains at the forefront
of the Middle East real estate market,
with aspirations of becoming a globally
recognized agency.
102 www.thefinanceworld.com Jun 2025
19
SHAH MALEK
Off-Plan Director
Phoenix Homes
Originally from the UK, Shah Malek
witnessed the city’s incredible
transformation over the years.
What began as a plan to retire after selling
his businesses in the UK, very quickly
turned into a passionate journey in real
estate, where Shah went from being an
investor to becoming one of the region’s
leading off-plan brokers.
Before entering the real estate world,
Shah owned and ran multiple award
winning hospitality businesses in the
UK. It was there that he learned the importance
of excellent customer service
and building lasting relationships, skills
that later became the foundation of his
success in property. His natural drive and
entrepreneurial spirit led him to make
a name for himself in the competitive
Dubai real estate market, especially in
the off-plan segment, which was still
developing at the time.
Shah’s commitment to excellence
brought him to Phoenix Homes, where
he took on the role of Off-Plan Sales
Director. Under his leadership, the team
achieved remarkable success, including
being the top sellers in key projects.
His deep understanding of the market
and hands-on experience allow him to
guide his team effectively, turning challenges
into opportunities.
Looking to the future, Shah is especially
excited about emerging villa communities
from the like of Tilal Al Ghaf to Arabian
Ranches 3 and everything in between.
Shah also has high hopes for investments
in Abu Dhabi and wider parts of the UAE,
which he sees as prime spots for future
investment. With his clear vision, Shah
Malek continues to be a driving force in
shaping Dubai’s real estate landscape.
20
SALEEM KARSAZ
Co-Founder, Chairman and Group CEO
Aeon and Trisl Real Estate
With two decades of experience,
Saleem Karsaz has built a reputation
for providing exceptional
service to both local and international
clients, making Aeon & Trisl Real Estate
Group one of the region’s leading brokerage
firms.
Founded in 2008, Aeon & Trisl has
grown under his leadership into a global
brand, headquartered in Dubai with
strategic branch offices in London and
Karachi. The company has forged strong
relationships with major property developers
across Europe, the Middle East,
and Pakistan, offering clients a flexible
and distinctive experience rooted in trust
and transparency.
Aeon & Trisl’s full-service model covers
legal documentation, property evaluation,
portfolio management, and conveyance,
delivering comprehensive real estate
solutions under one roof.
Today, Aeon & Trisl is the No.1 broker
for Emaar and maintains strong
partnerships with industry giants such
as Damac, Nakheel, Majid Al Futtaim,
Sobha, Dubai Properties, Meraas, and
Aldar. Beyond real estate, Saleem Karsaz’s
entrepreneurial influence spans several
sectors. He serves as a Board Member of
Nayyer Group, an industrial powerhouse
based in Ras Al Khaimah, with a manufacturing
capacity of 50 million square
meters annually, supplying carpets and
geotextiles to markets across the GCC,
Africa, India, and Pakistan.
Karsaz is also the Principal Investor
in Padelverse, Pakistan’s first and largest
air-conditioned indoor padel club,
blending sports innovation with premium
amenities.
Jun 2025 www.thefinanceworld.com 103
21
SAM MCCONE
Managing Partner
McCone Properties
Sam McCone, the Managing Partner of
McCone Properties, is an Australian
entrepreneur who has made Dubai
his home since 1992. After completing
his bachelor’s degree in International
Relations, Sam found his true calling in
the real estate industry. In 2013, he took
the leap and founded McCone Properties,
aiming to create a real estate firm with
a difference.
Sam’s approach to real estate is grounded
in building long-term relationships, both
with clients and agents. As Managing Director,
he remains deeply involved with
clients, offering a relaxed yet informed
approach, ensuring they have all the
necessary information before making
any decisions. His emphasis is on trust,
transparency, and giving clients feasible
options that suit their needs.
Under Sam’s leadership, McCone
Properties has grown rapidly, expanding
from just 10 staff members to over 200
since 2020, and achieving over 5,000
transactions in Dubai. The company
has also earned recognition from major
players like Emaar, Propertyfinder, and
Bayut. What sets McCone Properties
apart is the simple philosophy that drives
them: treat people the way you would
want to be treated.
He is always open to connecting with
investors looking for a straightforward
and reliable approach to Dubai’s real
estate market, as well as agents who wish
to take their careers to the next level.
22
NIKITA KUZNETSOV
Chief Executive Officer
Metropolitan Premium Properties
Nikita Kuznetsov’s impact on the
UAE real estate market is both
dynamic and measurable. Under
Nikita’s direction, Metropolitan Premium
Properties has evolved into a market leader,
known for its consistent performance,
client-first ethos, and strong developer
partnerships. His clear vision and handson
approach have created a business
culture driven by growth, integrity, and
continuous improvement, values that
define the Metropolitan Group as a whole.
Established in 2008, the group has built
a strong foundation on trust and results,
becoming one of the UAE’s top real estate
firms. Today, Metropolitan operates
four full-service agencies in Dubai, Abu
Dhabi, Ras Al Khaimah, and Vienna, with
Metropolitan Premium Properties leading
the charge as the group’s flagship brand.
The company holds accredited broker
status with all licensed developers across
Dubai, Abu Dhabi, and Sharjah, and has
been consistently recognized with top
sales awards from industry giants such
as EMAAR, Dubai Properties, MERAAS,
DAMAC, and ALDAR. This consistent
recognition reflects the firm’s credibility,
reach, and the strength of its professional
team, qualities that are a direct result
of Kuznetsov’s unwavering leadership.
Metropolitan Premium Properties
continues to thrive in an evolving market,
offering expert real estate advisory across
residential and commercial segments.
With Nikita Kuznetsov, the firm stands
not only as a top-performing agency but
also as a trusted partner in one of the
world’s most competitive real estate
environments.
104 www.thefinanceworld.com Jun 2025
23
DANIEL HADI
Chief Executive Officer - Middle East
Engel and Völkers Dubai
Daniel Hadi is part of the prestigious
Engel and Völkers team, a global
leader in premium real estate
services. With over 45 years of experience,
Engel and Völkers has established
itself as a key player in residential and
commercial real estate, serving clients
in more than 35 countries across five
continents. The brand’s core values,
competence, exclusivity, and passion,
are at the heart of every service provided.
Engel and Völkers originally began
in Hamburg, specializing in exclusive
properties in the Elbe suburbs. Over the
years, it expanded into a global service
provider, offering a broad portfolio of
services, from real estate brokerage to
hospitality and consulting. The company’s
offerings vary to meet the specific
demands of local markets, demonstrating
its adaptability and commitment to
excellence.
Additionally, Engel and Völkers is
deeply committed to social responsibility.
In 2008, they founded the Engel
and Völkers Charity, with a focus on
improving education for children in
Western Africa. The charity’s first project
was a school in Agbetiko, Togo, which
currently educates 160 children. Future
projects include a health center and a
secondary school focused on farming
and livestock breeding.
Through its business and charitable
initiatives, Engel and Völkers continues to
embody a culture of networking, elegance,
and a passion for making a difference.
24
SHAHBAZ KHAN
Associate Director
Binayah Properties
Shahbaz Khan brings over 21 years
of extensive experience in the
real estate sector, working across
Dubai, UAE, and Pakistan. Specializing
in high-end properties, including penthouses,
mansions, independent villas,
townhouses, and both ready and off-plan
apartments, Shahbaz has built a proven
track record with multiple major deals
successfully closed.
Currently serving as Associate Director
at Binayah Properties LLC, Shahbaz’s
career has been shaped by his time with
this award-winning company, where he
started his journey in Dubai. His role has
not only involved closing significant deals
but also training and mentoring agents,
helping them excel in the competitive real
estate market. With a focus on providing
excellent service and facilitating transactions,
Shahbaz has earned a reputation
for reliability and trustworthiness in
the industry.
Binayah Properties, founded in 2007, is
a prominent name in Dubai’s real estate
sector. The company was established by
seasoned industry professionals with
over 30 years of combined experience.
It offers a range of services, including
property management, asset management,
real estate brokerage, and expert
consultancy for buying, selling, renting,
and investing. The company also diversifies
into property development, adding
significant value to the market through
its involvement in both residential and
commercial projects.
Jun 2025 www.thefinanceworld.com 105
25
ISEEB REHMAN
Global CEO
Sherwoods International Property
With over three decades of experience
in global real estate,
Iseeb Rehman stands at the helm
of Sherwoods International Property, a
company he founded in the UK in 1988.
Now operating across London, Europe,
the Americas, and the UAE, Sherwoods
is synonymous with trust, quality, and
results. Iseeb’s deep expertise spans
valuation, leasing, and structuring
high-value acquisitions and funding for
private clients, institutional investors,
governments, and developers.
Beyond real estate, Iseeb is a visionary
in the aviation sector. In 2016, he became
Chairman of the Board at Neojets, a
business aviation platform that bridges
the gap between aircraft operators and
end users while supporting brokers with
cutting-edge tech. His unique dual-industry
insight reflects his passion for quality,
precision, and client-first service.
At Sherwoods, Iseeb has built more
than a real estate firm, he has cultivated
a legacy. With a professional ethos rooted
in long-term relationships, meticulous
service, and tailored opportunities, his
leadership continues to drive the firm’s
reputation as a trusted global partner in
real estate and investment.
His influence extends far beyond
transactions, shaping industry standards
and mentoring the next generation of
real estate professionals. As the market
evolves, Iseeb remains at the forefront,
championing innovation and sustainable
growth across all his ventures.
26
MARK TOWERS
Founder and CEO
Edwards and Towers
Mark Towers is the Palm Jumeirah
Valuer and Managing Director of
EandT, a company he founded in
2004. With a career spanning over three
decades, Mark is a Chartered Surveyor
who has been practising in real estate
since 1992. He is deeply involved in the
day-to-day operations of the sales and
leasing brokerage departments, and he
remains an active professional valuer.
EandT, with its office in Dubai Marina,
boasts a team of experienced
brokers ready to assist both buyers and
sellers with their property needs. Mark
personally manages a select portfolio
of exclusive listings, offering sellers
the opportunity to list their properties
exclusively, ensuring a higher sale price
and reducing unnecessary time and effort
for all parties involved. Mark is always
available for property valuations or
general discussions regarding the real
estate market, providing expert guidance
to help clients make informed decisions.
His hands-on approach and wealth of
experience make him a trusted leader
in the industry.
He continues to set high standards for
personalised service and client satisfaction
in the Dubai property market. With a
reputation built on integrity and results,
Mark remains one of the most respected
figures in UAE real estate.
106 www.thefinanceworld.com Jun 2025
Fawaz Sous is a Dubai-born and raised real estate executive
with over two decades of experience in the
industry. His expertise spans every facet of real estate
development, having been integral to the creation of four
master residential communities, commercial properties, and
some of Dubai’s most coveted luxury-branded residences, all
of which have played a significant role in shaping the city’s
landscape.
Having held senior leadership positions, including CEO,
Senior Vice President, Head of Sales and Revenue, Fawaz
has built a reputation for engineering adaptable methods
that thrive across diverse markets. His strategic vision and
ethos have led to exponential revenue growth, optimized sales
performance, and the development of elite luxury brokers for
leading real estate giants like DAMAC and EMAAR Properties.
Fawaz’s career trajectory was shaped by his work alongside
visionary pioneers like Mohamed Alabbar, which fueled his
desire to position Dubai as a leader in the international luxury
HIGHLIGHTS
Year of Establishment:
2021
Team Size:
50-200
Countries Operating In:
UAE
property sector. After this, he founded OCTA Properties, a
dynamic company tailored for luxury property investors,
developers, and brokers, providing access to meticulously
vetted, high-end real estate opportunities globally.
Under Fawaz’s leadership, OCTA Properties has successfully
partnered with major players such as KSA’s largest property
developer, Dar Al Arkan, and various UAE-based companies,
as well as private corporations in France and Russia. The
company has managed large-scale elite developments from
conception to launch, delivering record-breaking transactions
and iconic properties that continue to contribute to Dubai’s
evolving skyline. As a prominent figure in Dubai’s branded
residences sector, Fawaz has led exclusive collaborations
with luxury brands worldwide. Notable collaborations include
becoming the sole representative for FAUCON across
fourteen countries and spearheading multiple launches of
Elie Saab Residences. Recent signature projects include the
DaVinci Tower by Pagani, Urban Oasis by Missoni, and Elie
Saab Residences at Hyde Park, London.
OCTA Properties stands out for its unique business model,
offering unparalleled consultancy services that elevate developer-led
projects and meet the needs of high-net-worth
investors.
27
FAWAZ
SOUS
Chief Executive Officer
Octa Properties
Jun 2025 www.thefinanceworld.com 107
With over 35 years of global real estate experience,17
of them rooted in the UAE, Andrew Covill has
emerged as a pivotal force behind the success of
Henry Wiltshire International. As a seasoned expert with a
sharp eye for opportunity and a deep understanding of market
dynamics, Andrew has helped shape the firm into one of the
most respected boutique agencies in Abu Dhabi’s competitive
real estate landscape.
Beginning his career in London’s property development
sector, Andrew developed a strong foundation in one of the
world’s most dynamic real estate markets. This background
positioned him perfectly to guide cross-border investments,
especially for clients interested in both London and Abu
Dhabi. Today, he remains a trusted advisor on premium
developments in both regions, offering unmatched insights
and a truly global perspective.
At Henry Wiltshire International, Andrew’s role goes far
beyond operational leadership. He is instrumental in driving
HIGHLIGHTS
Year of Establishment:
2014
Team Size:
11-50
Countries Operating In:
England, Ireland, Singapore,
Hong Kong, UAE
28
ANDREW
COVILL
Director - Abu Dhabi
Henry Wiltshire International
the firm’s strategy, growth, and brand evolution, all while
nurturing a culture of professionalism and client-centricity. By
building and leading teams of committed property specialists,
he has propelled the business forward while maintaining its
core values of discretion, integrity, and performance.
Andrew works closely with a diverse client base ranging
from corporate investors and institutional clients to high-networth
individuals, offering bespoke solutions tailored to their
distinct needs. His particular passion lies in curating premium
property experiences, whether it’s advising on waterfront
estates or exclusive golf course residences in coveted areas
like Saadiyat Island.
His deep understanding of the Abu Dhabi property market,
paired with an international sensibility, has made him
a sought-after authority in the luxury segment. Under his
guidance, Henry Wiltshire International has built a robust
referral network and earned a reputation for excellence,
winning multiple industry accolades along the way. Andrew
Covill’s vision is both ambitious and grounded: to deliver a
boutique real estate experience shaped by global expertise
and local insight. As he continues to lead Henry Wiltshire
International with clarity and purpose, his influence remains
central to the firm’s legacy of trust, and performance.
108 www.thefinanceworld.com Jun 2025
29
BEN BANDARI
Founder and CEO
Ben and Core Real Estate
Ben Bandari, Founder of Ben and
Core Real Estate, brings over two
decades of experience to the real
estate industry, having started his career
in 2002. Throughout his career, he has
achieved impressive sales of over 20 billion
Dirhams, with a standout achievement
being the sales and marketing leadership
of the Palazzo Versace condominiums
and D1 Tower, where he secured over
3 billion Dirhams in sales within a year.
In February 2020, Ben took a bold
step and launched Ben and Core Real
Estate, defying the challenges posed by
the global pandemic. With an MBA and
a strong marketing background, Ben’s
expertise lies in understanding the vital
role of marketing in driving sales. His
approach, characterized by honesty,
integrity, and a wealth of experience, has
made him the trusted real estate advisor
for ultra-high-net-worth individuals, celebrities,
politicians, and heads of state.
Ben and Core Real Estate was founded
with a clear vision to stand out in the
crowded Dubai market. Recognizing that
the traditional brokerage model was no
longer sufficient, Ben set out to create a
distinctive real estate firm that leverages
technology and content creation to drive
business growth. The firm operates as a
content-driven business, with an in-house
production department that generates
authentic content to foster enduring
connections. This strategic approach,
combined with the company’s strong
presence on various platforms and
social media, ensures significant brand
impressions that benefit all stakeholders
globally.
30
SAFURA ABASNIYA
General Manager
Aston Pearl Real Estate Broker
A
Certified Real Estate Broker
Manager (CRB) with over 15 years
of hands-on experience, Safura
Abasniya has carved a distinguished
career rooted in integrity, performance,
and visionary leadership.
Under her guidance, Aston Pearl, established
in 2007, has become synonymous
with professionalism, market insight, and
client trust. Today, the company boasts
a dynamic team of over 40 seasoned
brokers who cover the full breadth of
Dubai and Abu Dhabi’s residential and
commercial hubs.
Safura’s leadership style is defined by
her deep knowledge of real estate, investment,
and management. Her commitment
to building a trustworthy and loyal client
base has not only propelled Aston Pearl’s
growth but has also set a benchmark
for others in the industry. Beyond her
corporate achievements, Safura plays an
active role in shaping the real estate discourse
across the region. She is regularly
featured in industry publications, where
she advocates for female entrepreneurship
and empowers real estate brokers
to achieve their highest potential. Aston
Pearl’s success story is also a reflection
of its comprehensive service offerings,
tailored to both individual buyers and
high-net-worth investors. The company
provides a full spectrum of real estate
solutions, including residential sales,
resales and rentals, commercial sales
and leasing, as well as property and land
investment opportunities.
With a newly relocated, state-of-the-art
office designed for greater accessibility
and enhanced client service, Aston Pearl
continues to thrive in the fast-paced
UAE market.
Jun 2025 www.thefinanceworld.com 109
INVESTMENT MAGNATES
SECTION SPONSOR
MAIN SPONSOR
Khalid Jasim Mohammed Bin Kalban is the Vice Chairman
and CEO of Dubai Investments PJSC, a pioneering
UAE-based investment company established in 1995.
Since joining the company in 1998, Khalid has played a pivotal
role in transforming Dubai Investments into a diversified
conglomerate with a robust presence across key sectors,
including real estate, industrial, finance, healthcare, and
education. Under his leadership, the company has become
a vital contributor to Dubai’s economic diversification and
growth, listed on the Dubai Financial Market with a strong
shareholder base and significant capital.
Dubai Investments thrives on a forward-looking strategy
that embraces transformation and innovation, moving away
from traditional business models to capitalize on emerging
global opportunities. The Group focuses on strategic diversification,
value unlocking through organized divestment,
and facilitating sustainable growth aligned with a vision of
stability and consistent profitability. As a strong enabler of
HIGHLIGHTS
Year of Establishment:
1995
Team Size:
1,000-5,000
Countries Operating In:
UAE
1
KHALID JASIM
MOHAMMED
BIN KALBAN
Vice Chairman and Chief Executive Officer
Dubai Investments PJSC
Foreign Direct Investment (FDI), Dubai Investments actively
explores untapped markets, expanding its global footprint
and stimulating economic progress.
Beyond his executive role at Dubai Investments, Khalid
holds several influential positions, including Chairman of
Al Taif Investments and Director of AIM Group Holding
Limited. He is a founding board member of Arcapita Inc.
and has served as Representative Director of Bank of Beirut
S.A.L., Director of Thuraya Telecommunications Company,
and Independent Director of National General Insurance Co.
(P.J.S.C.). His past leadership roles include Chairmanship
of Union Properties Public Joint Stock Company and board
memberships with First Energy Bank B.S.C.(c) and Sahara
International Petrochemical Company.
Khalid holds an Associate Degree in Arts & Business Management
from Arapahoe Community College and a Bachelor
of Science in Management from Metropolitan State University
of Denver. His extensive experience and strategic insight
continue to drive Dubai Investments’ success, positioning
the company as a key player in the UAE’s dynamic economy.
He remains committed to fostering sustainable growth
and innovation across the group’s diverse portfolio. Khalid’s
leadership embraces change while preserving core values.
112 www.thefinanceworld.com Jun 2025
2
FADI DABBAGH
President of the Board
AIX Investment Group
With over 30 years of global business
leadership, Fadi Dabbagh is
renowned for turning struggling
operations into profitable enterprises
across diverse industries. As President
of the Board at AIX Investment Group, a
leading international financial institution
headquartered in Dubai, he spearheads
investment advisory services focused on
preserving and growing investor capital
through innovative products spanning
forex, commodities, and digital assets.
Previously, Fadi served as a Director
at Damac Properties, a publicly listed
luxury real estate developer active across
the Middle East and the UK. His portfolio
experience covers luxury residential,
commercial, and leisure properties in
the UAE, Saudi Arabia, Qatar, Jordan,
Lebanon, and the UK.
Fadi is also the founder and former CEO
of Mistile International Ltd, the Middle
East’s premier online luxury shopping
platform, recognized as Pan-Arab Website
of the Year in 2014. His leadership
extended to the global trade sector as
Regional Managing Director of Bartercard
International Plc, the world’s largest trade
exchange listed on the London Stock
Exchange, with a turnover exceeding
USD 1.6 billion.
Fadi holds an Executive Certificate in
Blockchain Technologies and Business
Innovation from MIT Sloan School of
Management and dual business degrees
in International Business, Finance, and
Economics from Schiller International
University, Paris.
3
AHMED AL SUWAIDI
Managing Director
DHAM REIT Management
With over 17 years of transformative
impact in Dubai’s real
estate sector, Ahmed Al Suwaidi
stands as a leading force in redefining
residential living in one of the world’s
fastest-growing cities. As the Managing
Director at Dubai Residential under
the umbrella of Dubai Holding Asset
Management, Ahmed oversees one of
the emirate’s largest residential leasing
portfolios, comprising 40,000 homes that
serve more than 150,000 residents. Dubai
Residential REIT, managed by DHAM
REIT Management, is a key component
of this portfolio. Headquartered in Dubai,
DHAM REIT Management is wholly-owned
by the Dubai Holding group – a leading
global investment conglomerate driving
the city’s growth through a diversified
portfolio encompassing real estate, hospitality,
entertainment, and other strategic
sectors. Licensed by the Securities and
Commodities Authority (SCA) and subject
to its regulatory oversight, DHAM REIT
Management ensures robust governance
and compliance in its operations.
Before taking the helm at Dubai Residential,
Ahmed managed a vast portfolio
of over 25,000 units across 1,500 properties,
honing his expertise in leasing,
engineering, property valuation, and
landlord relations. Today, he continues
to shape Dubai’s housing landscape,
ensuring that its residential offerings,
including those under the Dubai Residential
REIT managed by DHAM REIT
Management, remain among the most
attractive, sustainable, and well-managed
in the region.
Jun 2025 www.thefinanceworld.com 113
Khaldoon Khalifa Al Mubarak is one of the Middle East’s
most influential business figures and global statesmen,
renowned for his leadership across sovereign investment,
strategic policymaking, and international diplomacy.
As the Managing Director and Group CEO of Mubadala, he
has transformed the Abu Dhabi-based sovereign investor
into a $302 billion global powerhouse with operations in
over 50 countries.
Since Mubadala’s inception in 2002, Khaldoon has overseen
its evolution through organic growth, strategic acquisitions,
and high-impact mergers, consistently delivering sustainable
financial returns for the Government of Abu Dhabi. His leadership
has positioned Mubadala as a trailblazer in innovation
and long-term global investments.
In addition to his executive role at Mubadala, Khaldoon
chairs the boards of Abu Dhabi Commercial Bank, Emirates
Global Aluminium, and the Emirates Nuclear Energy Corporation,
and serves as Vice Chairman of MGX. He also sits on
HIGHLIGHTS
Year of Establishment:
2017
Team Size:
501-1,000
Countries Operating In:
Globally
4
KHALDOON
KHALIFA AL
MUBARAK
Managing Director and Group CEO
Mubadala Investment Company
the boards of ADNOC and G42, playing a vital role in shaping
the UAE’s energy and AI strategies.
Khaldoon holds key public sector responsibilities, including
Chairman of the Executive Affairs Authority, advising UAE
President HH Sheikh Mohamed bin Zayed Al Nahyan, and
Presidential Special Envoy to China. He is a long-standing
member of the Abu Dhabi Executive Council and Supreme
Council for Financial and Economic Affairs, and in 2024, was
appointed to the Artificial Intelligence and Advanced Technology
Council and the Mohammed bin Zayed Water Initiative.
He has co-founded multiple strategic platforms such as
the US-UAE Business Council, the UAE-France Strategic Dialogue,
and co-chairs the Abu Dhabi-Singapore Joint Forum.
As Chairman of Manchester City Football Club since 2008,
Khaldoon has overseen its rise to become the world’s most
successful football brand, and as Chairman of City Football
Group, he has led the global expansion of a 13-club network
valued at over $6 billion.
Khaldoon is also a trustee of New York University and played
a central role in the founding of NYU Abu Dhabi. He holds a
degree in Economics and Finance from Tufts University in
Boston, USA. His visionary leadership continues to shape
global business, education, and sports with enduring impact.
114 www.thefinanceworld.com Jun 2025
With over two decades of real estate leadership across
the globe, Samir Kazi has emerged as one of the most
trusted names in corporate real estate investment,
development, and asset management. His career, defined by
a steadfast commitment to maximizing portfolio value while
managing complex risk landscapes, spans some of the most
dynamic markets in the world, including the UAE, Saudi
Arabia, the UK, EU, and the US.
A strategic thinker with a strong operational backbone,
Samir has held senior leadership positions with industry
giants such as AW Rostamani Real Estate, where he directed
strategy and business development for domestic and
international portfolios, and SEDCO Holding, where he led
corporate real estate investments. Earlier in his career, his
expertise was honed at Dubai World, a pivotal player in the
region’s property boom.
Samir is not just a dealmaker, he’s a builder of institutional
real estate platforms. With significant experience managing
HIGHLIGHTS
Year of Establishment:
2005
Nationality:
Middle East, North Africa
and Türkiye
Awards & Accolades:
UAE’s leading Real Estate
Investment Expert 2019
both listed and private REITs within DIFC and ADGM regulatory
environments, his career has consistently been marked
by value creation, boardroom credibility, and cross-border
execution. Whether it’s structuring capital through equity,
mezzanine, or senior notes, or managing risks inherent in
large-scale developments and multi-tenanted assets, Samir
operates with precision and foresight.
Educated at some of the world’s top institutions with an MBA
from Warwick Business School and executive programmes
from Harvard and Wharton, Samir combines global financial
acumen with a grounded understanding of real estate’s local
nuances. His track record spans deal sizes both large (including
transactions backed by Dubai Sovereign Wealth Funds) and
targeted (for family offices and boutique REITs).
Behind the numbers lies a leadership style grounded in
trust, accountability, and performance. Known for exceeding
targets and building lasting partnerships, Samir Kazi is as
skilled in the boardroom as he is in the field, making him a
vital figure in shaping the next era of real estate investment
and development across the Middle East and beyond. His
vision is matched by an ability to translate strategy into
results. Samir remains a driving force in redefining what
modern, sustainable development looks like.
5
SAMIR
KAZI
Head of Real Estate
ENBD REIT
Jun 2025 www.thefinanceworld.com 115
6
LOW PING
Group Chief Executive Officer
YAS Holding
Since taking the helm at Yas Holding
in mid-2022, Low Ping has brought
over three decades of transformative
leadership experience to one of the
UAE’s most dynamic and diversified investment
groups. Yas Holding is a leading
multi-industry investment and holding
company, dedicated to identifying and
investing in promising opportunities
across a wide range of sectors. Based
in the UAE, the group operates a robust
and future-focused portfolio spanning
aviation, healthcare, technology, and
real estate. With a strategic presence
across the Middle East and Africa, Yas
Holding is known for driving innovation,
operational excellence, and sustainable
growth that delivers long-term value to
stakeholders and communities alike.
Low Ping’s career is marked by a
series of high-impact roles, including
serving as Group CEO of Eagle Hills
Properties LLC and Emaar Properties
PJSC, and previously as Audit Partner
at KPMG Singapore. Her diverse sector
expertise spans banking, real estate,
energy, utilities, power, trading, retail,
and manufacturing, making her a versatile
leader adept at navigating complex and
competitive markets.
Under her leadership, Yas Holding
continues to strengthen its reputation as a
growth-driven, innovation-led enterprise.
Her comprehensive approach includes
overseeing finance, treasury, taxation,
legal, risk management, and spearheading
international expansion. A Chartered
Accountant and member of the Certified
Public Accountants Singapore, Low Ping
holds a Bachelor of Accountancy from
the National University of Singapore.
7
ABDULLA BELHOUL
Chief Executive Officer
TECOM Group
Abdulla Belhoul leads TECOM Group
as its Chief Executive Officer,
bringing a wealth of leadership
experience across Dubai’s business districts,
retail destinations, and residential
communities. TECOM Group, a Dubai
Financial Market-listed company, has
been developing and operating strategic,
sector-focused business destinations
across Dubai since 1999.
Before assuming his current role,
Abdulla served as Chief Commercial
Officer at DHAM, overseeing a substantial
portfolio of 10 business districts, 20
premier retail centres, and 15 residential
communities. He also led initiatives aimed
at advancing smart services, hallmarks
of his forward-looking approach to integrated
urban development.
Abdulla’s ascent in Dubai’s corporate
sphere includes his tenure as CEO of
Dubai Industrial City in 2013 and later
as Chief Commercial Officer of TECOM
Group in 2018. In 2020, his responsibilities
expanded to include DHAM’s retail and
residential portfolios, positioning him as
a central figure in shaping the emirate’s
urban and economic transformation.
His career began in engineering
management, with foundational roles at
Dubai World Trade Centre and the Dubai
Department of Civil Aviation Engineering
from 2002 to 2007. Between 2007 and
2013, Abdulla held leadership roles within
Dubai Holding, contributing to landmark
projects that have helped define Dubai’s
globally recognized urban landscape.
Abdulla holds both an MBA and a
Bachelor’s degree in Engineering Management
from the Higher Colleges of
Technology, UAE.
116 www.thefinanceworld.com Jun 2025
Ahmed Obaid Al Qaseer is the Chief Executive Officer
of the Sharjah Investment and Development Authority
(Shurooq), a pivotal entity driving the emirate’s transformation
into a leading global destination for investment,
tourism, and culture. Appointed by Emiri Decree No. (7) of
2023, issued by His Highness Sheikh Dr. Sultan bin Mohammed
Al Qasimi, Supreme Council Member and Ruler of Sharjah,
he leads Shurooq’s ambitious portfolio with a strategic vision
rooted in sustainable development and international
collaboration.
A graduate of Dubai Men’s College with a Bachelor’s degree
in Business Information Technology, Al Qaseer began his
professional journey in 2002 at Etisalat, where he held roles
in sales support and corporate account management. His
transition into public sector leadership began in 2006 when
he joined the Al Qasba Development Authority as Business
Development Manager, later becoming Director of Business
Development. In this capacity, he played a transformative
HIGHLIGHTS
Year of Establishment:
2009
Team Size:
200-500
Countries Operating In:
UAE
role in evolving Al Qasba into one of Sharjah’s most vibrant
leisure and tourism destinations.
In 2009, Qaseer became a founding member of Shurooq,
taking on the role of Director of Property Management,
overseeing operations, leasing, and strategic development of
key assets. His impactful contributions led to his promotion
to Chief Operating Officer in 2011, where he was entrusted
with the execution of Shurooq’s expansive project pipeline.
His leadership was marked by the successful delivery of
a diverse range of initiatives across heritage, hospitality,
retail, and tourism sectors, all aimed at enhancing Sharjah’s
global profile.
In 2022, he was appointed Acting CEO of Shurooq and in
2023, assumed the role officially as CEO. He has since continued
to guide the authority’s efforts in attracting both national
and international investments, managing a dynamic portfolio
of multi-sectoral projects across the emirate. In July 2023, he
was further entrusted with a strategic governance role as a
member of the Board of Directors at the Sharjah Research,
Technology and Innovation Park – Free Zone Authority.
Throughout his career, Ahmed Al Qaseer has exemplified
visionary leadership, operational excellence, and a steadfast
commitment to Sharjah’s holistic development.
8
AHMED OBAID
AL QASEER
Chief Executive Officer
Sharjah Investment and Development Authority
(Shurooq)
Jun 2025 www.thefinanceworld.com 117
Vivek Anand Oberoi’s entrepreneurial story is one
of evolution, vision, and purpose, spanning diverse
sectors such as ultra-luxury real estate, sustainable
jewellery, edtech, agri-tech, fin-tech, roadside tech, alco-bev,
and brand impact.
Though the world first recognized him as a critically acclaimed
actor, Vivek Oberoi’s ambitions always stretched
further. His entrepreneurial journey began before his acting
career, when he was 11 years old, selling perfumes and
trinkets door-to-door on a bicycle during summer breaks.
This early lesson in hustle and human psychology laid the
groundwork for a career that would bridge entertainment,
enterprise, and ethics.
Over time, Oberoi’s focus evolved toward ventures that
deliver competitive value. This mindset found its natural
home in UAE, a city he saw as a fertile ground where the effort-to-output
ratio is much higher. He saw an opportunity to
build an economic bridge between India and the UAE, building
HIGHLIGHTS
Year of Establishment:
2024
Countries Operating In:
UAE and India
Team Size:
400+
Awards & Accolades:
Mother Teresa International
Award, among others
9
VIVEK ANAND
OBEROI
Entrepreneur, Actor & Philanthropist
Managing Director and Co-Founder
BNW Developments
on the 100-year-old cultural bond between the countries.
Attracted by its global connectivity, booming luxury sector,
progressive policies, and quality of life, he saw Dubai as a
launchpad for valuable enterprise.
This vision crystallized through BNW Developments, where
he serves as the Managing Director and Co-Founder. BNW
has redefined what luxury means in UAE’s competitive real
estate landscape, managing AED 22 Billion in assets under
development.
Over the past two years, he has received several prestigious
recognitions. He was acknowledged at the UAE Ultimate
Realty Awards 2024 for his contributions to the real estate
sector. His dedication to humanitarian efforts has earned him
accolades such as the Mother Teresa International Award,
the Good Fellows Award, the SWFI 2023 Honor, the Prajyot
Award 2024, and the Dada Vasu Shroff Award for Philanthropy
2024. Further cementing his legacy, he was also conferred
an Honorary Doctorate in Business & Social Impact. Looking
forward, Oberoi desires to deepen his focus on high-impact
and high-growth sectors such as edtech, fin-tech and agritech,
along with his current portfolio at BNW. His north star
remains clear: to enhance profit with purpose, scale with
soul, and never stop learning.
118 www.thefinanceworld.com Jun 2025
10
ABDULLA ALI OBAID AL HAMLI
Chairman
Emirates REIT
Abdulla Ali Obaid Al Hamli has been
the Managing Director of Dubai
Islamic Bank (DIB) since July
2013, following a tenure as CEO from
2008 and Executive Vice President of
Business Services. With over 25 years of
experience, including nine years overseeing
Operations and IT at DIB, Abdulla’s
leadership has been pivotal in steering
the bank’s growth and innovation. Prior
to DIB, he held senior roles at key Dubai
organizations, notably serving as Director
of Information Systems at Dubai Ports
Authority and Jebel Ali Free Zone for
more than 15 years.
In addition to his role at DIB, Abdulla
has been Chairman of Deyaar Properties
since 2009 and Chairman and Director at
Tamweel PJSC since 2010, contributing
significantly to Dubai’s real estate and
finance sectors. He also serves as a
Director of DIB and Deyaar, and has been
involved with technology and finance
boards, including Injazat Technology
Funds and Gulf Finance House.
Educated with a B.Sc. in Economics
and Mathematics from Al Ain University,
Abdulla has also completed various
international professional development
programs, underscoring his commitment
to continual growth.
Under his strategic guidance, Emirates
REIT was established in 2010 as the Middle
East’s first Real Estate Investment Trust,
backed by prominent investors like Dubai
Islamic Bank, Tecom, and Dubai Properties.
Listed on Nasdaq Dubai in 2014,
Emirates REIT successfully raised USD
400 million through a Sukuk in 2017 and
currently manages assets worth approximately
USD 842.7 million, marking it as
a leader in Gulf real estate investment.
11
WAFIK BEN MANSOUR
Group Chief Executive Officer
SHUAA Capital
Wafik Ben Mansour is the Group
Chief Executive Officer (GCEO)
at SHUAA Capital PSC, having
joined the company in May 2023. Before
SHUAA, Wafik was a Managing Director
at Credit Suisse, overseeing Investment
Banking and Capital Markets across the
Middle East and North Africa region.
With extensive experience advising
on high-profile M&A and equity capital
market transactions, Wafik has played
key roles in deals such as Omantel’s
USD 2.2 billion acquisition of a stake
in Zain Group, ADQ’s USD 740 million
acquisition of Amoun Pharmaceutical,
Noon’s USD 335 million acquisition
of Namshi, Careem’s USD 500 million
private placement, and Aramco’s USD
29.4 billion IPO.
Wafik holds a Master’s Degree in Finance
from ESCP Europe, Paris. Under his
leadership, SHUAA Capital continues to
strengthen its core segments: asset management,
which includes public markets,
private markets, real estate, and debt
business lines, and investment banking,
providing both boutique and traditional
services, securities services, and a sales
and trading platform focused on fixed
income, currencies, and commodities.
Wafik’s deep understanding of regional
markets, combined with his global perspective,
enables him to identify emerging
opportunities and anticipate market
shifts. At SHUAA, he is spearheading
transformative initiatives that leverage
technology, enhance investor confidence,
and expand the firm’s footprint across
frontier and emerging markets. His vision
is reshaping the future of investment in
the region.
Jun 2025 www.thefinanceworld.com 119
12
JAD ELLAWN
Managing Partner and Regional Head, Middle East
Brookfield Asset Management
Jad Ellawn is a Managing Partner at
Brookfield and serves as the Regional
Head of the Middle East, where he
oversees the firm’s strategic initiatives
and investment activities across the region.
With over a decade of experience
investing in private equity in the Middle
East, he plays a key role in sourcing and
presenting high-conviction opportunities
to Brookfield’s investment committee
under the Middle East Partners strategy.
Before joining Brookfield in 2018,
Ellawn held senior positions in the
private equity division of a prominent
international investment bank. His earlier
career included various roles at a major
investment bank in both New York and
London, giving him a strong foundation
in global financial markets.
He holds an MBA from INSEAD in
Fontainebleau, France, and a Bachelor
of Science from Georgetown University.
Brookfield is a leading global investment
firm with over $1 trillion in assets
under management, investing on behalf
of institutions and individuals worldwide
to create long-term, sustainable wealth.
Originating as owner-operators of
high-quality businesses, Brookfield brings
a unique operational lens to investing.
This hands-on expertise enables the
firm to drive meaningful growth across
its portfolio companies. In nearly every
transaction, Brookfield commits its own
capital alongside that of its partners, ensuring
strong alignment of interests and
a long-term approach to value creation.
13
NASER AL NABULSI
Vice-Chairman & Chief Executive Officer
Al Mal Capital REIT
Naser Al Nabulsi is the Vice-Chairman
and CEO of Al Mal Capital,
bringing decades of distinguished
experience in investment and financial
leadership. His career began at Merrill
Lynch International, where from 1989 to
2000 he excelled as a top international
performer, becoming First Vice President
at just 27 and managing key relationships
with institutions and high-net-worth
families across the region.
Between 2000 and early 2003, Naser
played a pivotal role within the Private
Office of HRH Sheikh Mohammed bin
Rashid Al Maktoum, leading the development
of the office’s investment and
asset management capabilities as Senior
Investment Officer and Head of Private
Equity and Asset Management.
In 2003, he was appointed the inaugural
CEO of the Dubai International Financial
Centre (DIFC). Under his visionary leadership,
Naser transformed DIFC from a
concept into a globally respected financial
hub by establishing its legal framework,
regulatory environment, and physical
infrastructure, laying the foundation for
its ongoing growth as a key regional and
international financial centre.
He is widely regarded as a thought
leader in the MENA financial landscape,
often called upon for his insights on
economic policy and capital markets. His
unwavering commitment to governance,
transparency, and investor trust has
positioned Al Mal Capital as a dynamic
force in the industry. Beyond his executive
roles, Naser actively supports initiatives
that foster financial literacy and youth
empowerment in the UAE and beyond.
120 www.thefinanceworld.com Jun 2025
14
MOHAMED AL SAYED AL HASHIMI
Chief Executive Officer
Eshraq Investments
Mohamed Al Sayed Al Hashimi is
the CEO of Eshraq Investments
PJSC, a company founded in 2006
and listed on the Abu Dhabi Securities
Exchange (ADX) in 2011. Under his
leadership, Eshraq is transitioning from
its traditional focus on real estate and
financial investments to a private equity
model, balanced by cash-generating assets
including minority equity stakes, real estate,
and fixed income opportunities. The
group remains dedicated to maximizing
shareholder value with a long-term vision
for sustainable growth.
With over 20 years of experience,
Mohamed joined Eshraq following his
tenure as Chief Financial Officer (CFO)
of ADNOC LNG. He also served as CFO
and Chief Operating Officer (COO) of
ADNOC Distribution, where he played a
key role in the company’s IPO and investor
relations. His strong expertise lies in
financial strategy, business operations,
and investment management.
Mohamed holds a bachelor’s degree
from Ohio State University and a postgraduate
degree in business administration
and finance from Harvard University.
His background spans oil & gas, capital
markets, and financial strategy, with a
proven record of delivering world-class
projects across the ADNOC Group.
Mohamed’s leadership at Eshraq
marks a pivotal evolution in the firm’s
investment philosophy, aligning with
global standards of governance, diversification,
and innovation. He brings a
disciplined, data-driven approach to
portfolio management while nurturing
strategic partnerships. His ability to
bridge public sector insights with private
capital efficiency sets him apart.
15
KHALIFA AL SUWAIDI
Managing Partner
Lunate
With over 23 years of experience
across sovereign wealth, private
equity, and strategic asset
management, Khalifa Al Suwaidi plays a
pivotal role in shaping not only Lunate’s
portfolio but the broader investment
landscape of the region.
As Managing Partner, Khalifa leads
Lunate’s fund investments, global partnerships,
and long-term strategy. His
influence stretches across the firm’s
Investment Committee, Supervisory Committee,
and Board of Directors, ensuring
a rigorous, high-level alignment of vision
and execution. Under his stewardship,
Lunate is fast becoming a benchmark
for disciplined yet agile investment
management.
His impact, however, extends beyond
his executive role at Lunate. Khalifa also
serves as Chairman of Agthia Group,
and Vice Chairman of both Abu Dhabi
Ports (AD Ports) and TAQA, bringing
governance, investment insight, and
sectoral expertise to the boards of major
national champions.
Academically grounded with a Bachelor’s
degree in Business Administration
from California State University and an
Executive MBA with Distinction from
Zayed University, Khalifa’s leadership
style combines global perspective with
regional responsibility. His career reflects
a commitment to building institutional
resilience, fostering innovation, and
driving economic diversification across
the UAE.
Whether managing billions in sovereign
capital or steering strategy for publicly
listed giants, Khalifa Al Suwaidi is a
driving force in the UAE’s evolution into
a global investment powerhouse.
Jun 2025 www.thefinanceworld.com 121
PROPTECH POWERPLAYERS
MAIN SPONSOR
As CEO of Dubizzle Group MENA, and Board Member
of the Dubai Chamber of Digital Economy, Haider
Ali Khan is actively shaping the future of the region’s
digital economy.
An electrical engineering graduate from the University of
Texas at Austin, Haider’s early career in the United States
included over a decade of experience with global names such
as Goldman Sachs, Silicon Labs, and National Instruments.
Since taking the helm at Dubizzle Group MENA, Haider has
led the transformation of Bayut and dubizzle into two of
the most trusted and widely used platforms in the UAE’s
real estate and classifieds space. But the vision extends far
beyond listings and leads.
Under his leadership, the group has become a fully integrated
PropTech powerhouse, committed to data-driven innovation
and smarter digital experiences. A key development in his
journey was the acquisition of Property Monitor in 2025. This
strategic move strengthened the group’s data capabilities,
HIGHLIGHTS
Year of Establishment:
2008
Countries Operating In:
UAE, Saudi Arabia, Oman,
Jordan, Egypt
Key Achievements:
Acquisition of Property
Monitor – 2025
Awards & Accolades:
Best Property Portal Award
2022
1
HAIDER ALI
KHAN
Chief Executive Officer
Dubizzle Group MENA
enabling it to offer deeper market insights and support informed
decision-making across the real estate sector. With a
marketing-first and tech-strong philosophy, Dubizzle Group
MENA backs every product launch with full-scale, 360-degree
campaigns, spanning digital platforms, outdoor media,
influencer partnerships, and immersive brand experiences.
It is a model that has elevated the visibility of homegrown
innovation across the UAE.
Haider’s leadership also reflects a deep commitment to
industry-wide progress. Dubizzle Group MENA works closely
with regulators like the Dubai Land Department to bring
greater transparency, accountability, and modernisation to
the property sector. The result is a brand that is not only
seen online, but felt in the infrastructure of everyday life
from Sheikh Zayed Road to living rooms and offices across
the country. Looking ahead, the roadmap includes even more
ambitious milestones. From AI-led property matching to
blockchain-enabled transactions, Dubizzle Group MENA is
laying the groundwork for a secure, intelligent, and automated
real estate future.
His work is not just about leading a company, it’s about
building a smarter, more connected real estate landscape
for the region.
124 www.thefinanceworld.com Jun 2025
2
MICHAEL LAHYANI
Founder and CEO
Property Finder Group
Michael Lahyani is the visionary
founder and CEO of Property
Finder Group, a company that has
become synonymous with innovation in
the MENA region’s real estate technology
space. Armed with keen entrepreneurial
instincts, Lahyani moved to Dubai in the
early 2000s, just as the city was undergoing
its rapid transformation into a global
business and lifestyle hub.
In 2005, he launched Al Bab World, a
real estate classifieds magazine, after
identifying a gap in how property listings
were being communicated in the UAE.
What began as a print publication quickly
evolved to reflect the digital potential of
the real estate sector. By 2007, Property
Finder was born, a fully digital solution
designed to modernise the way people
searched for homes and interacted with
the property market.
Today, Property Finder has grown into
the leading property portal in the region,
dedicated to shaping an inclusive future
for real estate while spearheading the
region’s growing tech ecosystem. Led
by Michael’s ambitious vision, Property
Finder connects millions of property
seekers with thousands of real estate
professionals every day. The platform
offers a seamless and enriching experience,
empowering buyers, renters and investors
to make informed decisions while acting
as a trusted partner for developers and
brokers. As a lighthouse tech company,
Property Finder creates an environment
where people can thrive and contribute
meaningfully to the transformation of
real estate in MENA.
3
AMIRA SAJWANI
Founder and CEO
PRYPCO
Amira Sajwani is rapidly redefining
the landscape of real estate in the
UAE. As Managing Director at DA-
MAC Properties, one of the Middle East’s
largest private real estate developers, and
the founder of PRYPCO, Amira is at the
forefront of innovation, transformation,
and accessibility in the property sector.
The daughter of real estate mogul
Hussain Sajwani, Amira has carved her
own distinct path with a bold and progressive
leadership style. At DAMAC, she
has revolutionized the Sales and Development
departments, introducing agent
portals, activating channel partnerships,
and launching trendsetting products that
have pushed DAMAC to consistently stay
ahead of market demand. Her approach
goes beyond conventional strategies. She
brings a fresh vision to an industry long
defined by legacy models.
Determined to simplify and democratize
the real estate journey, Amira
launched PRYPCO, a groundbreaking
platform that offers a unified ecosystem
for property buying, selling, managing,
and investing. With products like PRYP-
CO Mortgage, PRYPCO Golden Visa, and
PRYPCO Blocks, which allows fractional
property investment starting at just AED
2,000, Amira is making real estate more
accessible, transparent, and tech-driven
than ever before.
Beyond business, Amira’s influence
is spreading across the entrepreneurial
and media spheres.
Jun 2025 www.thefinanceworld.com 125
4
RAMI TABBARA
Co-Founder and Co-CEO
Stake
With over 15 years of experience in
Dubai’s dynamic property sector,
Rami Tabbara has established
himself as one of the most accomplished
figures in the real estate landscape. From
humble beginnings to driving more than
AED 28 billion in property sales across
multiple international markets, Tabbara’s
career has been marked by scale,
innovation, and impact.
He began his journey in 2006 as one of
the first employees at The First Group,
where he played a pivotal role in expanding
the firm from a small five-person outfit to
a global team of over 800. His trajectory
continued at DAMAC Properties, where he
served as Senior Vice President, overseeing
all direct sales operations and reporting
directly to the Chairman. In these roles,
Tabbara managed sales operations not
only in the UAE but also across the UK,
Saudi Arabia, Lebanon, Kuwait, Nigeria,
and Russia, proving his ability to navigate
and lead in diverse markets.
A graduate of the American University
of Beirut with a degree in Business
Administration, Rami brings a sharp
commercial acumen coupled with deep
industry insight. Recognizing a gap in how
real estate was being bought and sold, he
teamed up with investment banker Manar
Mahmassani and seasoned CTO Ricardo
Brizido to co-found Stake, a pioneering
digital real estate investment platform.
With Stake, Tabbara is on a mission
to democratize real estate investing,
making it accessible, transparent, and
profitable for everyone, regardless of
budget or geography.
5
RASHED HAREB AL MHEIRI
Co-Founder and CEO
Rentify
Rashed Hareb Al Mheiri is the
Co-Founder and CEO of Rentify,
the region’s first and largest rental
rewards platform. With a mission to
make renting more rewarding, flexible,
and seamless, Rentify is bridging the gap
between tenants and landlords through
smart technology, financial innovation,
and a customer-first approach.
At Rentify, Al Mheiri is redefining the
UAE’s rental landscape by introducing
Rent Now, Pay Later (RNPL) options,
monthly and quarterly payment flexibility,
and a unique rewards system that allows
tenants to earn Rentify Points, redeemable
across rent payments, shopping, dining,
travel, and more. With real-time payment
tracking and credit-building features,
Rentify offers a 360° rental experience
for the modern tenant.
Landlords benefit, too. Rentify’s ecosystem
includes automated payments, insightful
dashboards, and tenant retention tools,
helping property owners and operators
rent faster and improve cash flow. With
AED 1.5 billion in Property Value Signed
(PVS) across Dubai, Abu Dhabi, and
Sharjah, Rentify is solidifying its place
as a category leader in proptech.
In parallel with his proptech success,
Al Mheiri is also the Founder and Managing
Director of Orderosa, a cloud
kitchen venture focused on optimizing
food delivery and virtual dining in Dubai.
His entrepreneurial journey includes a
partnership with Ice Cream Lab, where
he helped scale the brand to over 100
units across 10 countries.
126 www.thefinanceworld.com Jun 2025
6
AAHAN BHOJANI
Founder and CEO
SilkHaus
Aahan Bhojani is on a mission
to redefine short-term rentals
in the Middle East and beyond.
As the founder and CEO of Silkhaus,
a fast-growing Dubai-based proptech
startup, Aahan is transforming the way
real estate assets are monetized and
managed - one high-quality, digitized
stay at a time.
His inspiration for Silkhaus came from
personal experience. As a management
consultant, Aahan spent months on the
road, often stuck in impersonal hotel
rooms while longing for a space that
felt like home. It was during these stints,
endless nights in 250-square-foot accommodations,
that he envisioned a better
alternative. That vision became Silkhaus.
Launched in 2021, Silkhaus set out to
professionalize and digitize alternative
accommodations, offering travelers both
comfort and consistency, while helping
real estate owners seamlessly convert
apartments into income-generating,
hotel-grade units. What began with a
handful of units in Dubai has quickly
expanded into a platform operating in
Dubai, Abu Dhabi, and Riyadh, now the
largest alternative accommodation player
in the GCC.
Silkhaus is more than just a tech-powered
rental platform. It’s a full-stack ecosystem
that bridges the gap between real estate
ownership and the booming short-term
rental economy. Backed by venture capital
and super angel investors, and most
recently securing a multi-million dollar
pre-series A investment from San Francisco’s
Partners for Growth, the startup
has earned the trust of major developers,
funds, and REITs in the region.
7
OMAR ABU INNAB
Co-Founder and CEO
Keyper
Omar Abu Innab is the Co-Founder
and CEO of Keyper, a game-changing
proptech platform reshaping the
rental experience in Dubai. A seasoned
finance professional with a prestigious
background in investment banking and
venture capital, Omar previously served
as Managing Director and Head of ME-
NA Investment Banking at Guggenheim
Partners, and as Executive Director
at Goldman Sachs. He is also a Board
Member at the Government Investments
Management Company (GIMC) and a
Co-Founder and Partner at WeBuild
Ventures. He holds both an MBA and a
BASc in Accounting and Finance from
Canisius University.
Born out of Omar’s personal experiences
as both a landlord and tenant, Keyper was
built to resolve a fundamental friction
in Dubai’s rental market: the mismatch
between landlords’ desire for lump-sum
payments and tenants’ preference for
monthly flexibility. By leveraging data-driven
decision-making and advanced tenant
screening, Keyper guarantees landlords
their preferred payment terms, whether
one, two, or four per year, while offering
tenants the financial freedom of monthly
installments.
More than just a digital platform, Keyper
represents a new standard in trust,
transparency, and efficiency in real estate.
Under Omar’s leadership, the company is
committed to redefining the rental journey
as a win-win for all stakeholders, offering
tools that empower tenants to manage
their cash flow and enabling landlords
to optimise their returns. Keyper is not
just innovating rentals, it’s reimagining
the future of real estate in the UAE.
Jun 2025 www.thefinanceworld.com 127
8
RIZ AHMED
Chief Executive Officer
SmartCrowd
Riz Ahmed’s journey with Smart-
Crowd is anything but conventional.
What began as a client relationship
soon evolved into angel investment, and
eventually, a pivotal leadership role.
Now serving as CEO, Riz brings a rare
blend of financial expertise, operational
excellence, and social impact to the helm
of the region’s leading digital real estate
investment platform.
Prior to joining SmartCrowd, Riz held
executive leadership roles at GEMS Education,
the world’s largest private school
group, as COO and CFO. His early career
at PwC London, where he specialised
in assurance, corporate finance, and
restructuring, laid the groundwork for
a global track record of over $5 billion
in transactions. From leading one of the
Middle East’s largest private investments
to driving strategic acquisitions across
Europe and the MENA region, Riz has
consistently delivered high-impact results,
particularly in education and EdTech.
But Riz’s ambitions go far beyond the
boardroom. As the founder of EqualEd,
an education-focused charity, he has
created a global platform that connects
volunteer teachers with underserved
schools and offers free training for educators
worldwide. It’s a testament to
his belief that access and opportunity
should be universal. Academically, Riz is
equally accomplished. A qualified chartered
accountant, he holds a first-class
Economics degree from UCL, a Certificate
of Management Excellence from Harvard
Business School, and an Executive MBA
from the University of Oxford.
9
VITALII RYZHAK
Co-Founder and CEO
Reelly AI
Vitalii Ryzhak is the CEO and
co-founder of Reelly.ai, a groundbreaking
B2B proptech platform
that is revolutionizing how real estate
developers and agents collaborate across
the UAE and beyond. Founded in 2020,
Reelly was born out of Ryzhak’s deep
understanding of the inefficiencies and
fragmentation plaguing the real estate
value chain. What began as a bold idea
has evolved into one of the Middle East’s
top five tech startups, now bringing
together over 324 developers and more
than 40,000 real estate agents from Dubai
and international markets.
At its core, Reelly offers a seamless,
intelligent ecosystem designed to bridge
the gap between developers and agents.
The platform delivers detailed insights
on over 1,620 property projects, empowering
agents with advanced AI tools
that automate and elevate their client
interactions. Agents can now generate
branded, personalized presentations for
buyers in minutes, saving countless hours
of manual work while significantly boosting
productivity and conversion rates.
Reelly also provides developers with
a comprehensive solution to streamline
communication, reduce marketing costs,
and tap into real-time analytics that
optimize agent performance. Its centralized
database simplifies the property
listing process, while AI-powered sales
intelligence allows developers to refine
strategy, accelerate transactions, and
make smarter decisions. This powerful
suite of tools enables both sides of the
market to operate more efficiently and
collaboratively.
128 www.thefinanceworld.com Jun 2025
10
JAD ANTOUN
Co-Founder and CEO
Huspy
Jad Antoun is the visionary co-founder
and CEO of Huspy, a fast-growing
UAE-based proptech startup that is
transforming the home-buying experience
across the MENA region and beyond.
With a mission to streamline the real
estate journey, Huspy offers a powerful
all-in-one platform where users can both
find and finance their home, simplifying
one of life’s most significant decisions.
One of the youngest startup CEOs in
the region, Jad brings a bold vision: to
build a global technology brand from
the Middle East. Under his leadership,
Huspy has quickly become a dominant
force in the UAE’s mortgage industry
and expanded internationally into Spain,
acquiring three mortgage businesses in
the process. The company now boasts a
team of over 300 professionals, including
talent from top global tech firms such as
Uber, Loft, QuintoAndar, and SumUp.
Huspy’s technology sits at the heart of
the real estate ecosystem, empowering
brokers, agents, banks, and developers
with tools that deliver faster, more
transparent transactions. Its mortgage
platform is already the largest in the
UAE, offering customers access to the
most competitive home financing rates
in the market.
Beyond the company, Jad is an active
angel investor, deeply committed to
nurturing the startup ecosystem in the
region. He is also a member of LebNet, a
US-based nonprofit connecting Lebanese
tech professionals, and Endeavor, the global
network of high-impact entrepreneurs.
Jun 2025 www.thefinanceworld.com 129
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