Dubai Properties Unveils New Corporate Structure with Dubai Properties Group
On March 16th, Dubai Properties, a leading master real estate developer and member of Dubai Holding, announced a significant overhaul of its corporate structure. The move has led to the establishment of a new holding company, Dubai Properties Group, which consolidates all existing businesses into distinct units under a single organizational umbrella.
Key Components of the New Group Structure
The Dubai Properties Group comprises six primary business components, each focused on a specific real estate vertical:
- Hospitality: Catering to the growing demands of the hospitality sector
- Property Services: Offering comprehensive solutions for property management and services
- International Investments: Pursuing investment opportunities globally
- Real Estate Development: Driving innovation in property development
- Dubai Asset Management: Overseeing asset management strategies
- Dubai Retail: Focusing on retail sector development and management
Operational Framework
Each of these entities will function as a separate business subsidiary within the Dubai Properties Group. Notably, they will be individually responsible for:
- Management Systems
- Strategic Planning
- Business Results
Expansion and Growth Plans
Aligned with Dubai Holding's broader mission, the Dubai Properties Group is set to embark on an aggressive expansion and diversification drive. The goal is to double its investment portfolio to $700 billion over the next three years, primarily through global investment opportunities.
Milestones and Future Outlook
With Dubai Properties having already achieved several milestones in the real estate market, the new group structure, including Dubai Asset Management, Dubai Retail, and Dubai Hospitality, is poised to further strengthen its presence in the industry.