Leading master real estate developer Dubai Properties, a member of Dubai Holding, on 16th march revamped its corporate structure and pronounced the establishment of a fresh holding company – Dubai Properties Group – combining all its existing businesses into separate business unit, and fetching them under one roof organization.
The new group structure consist 6 business components whose focal point will be real estate verticals like hospitality, property services, international investments and real estate development. Every entity will operate as a separate business subsidiary within the Dubai Properties Group, individually responsible for the unit’s management systems, strategic planning and business results.
Reflecting its parent company Dubai Holding’s mission, Dubai Properties Group will also look for investment opportunities on a worldwide level, launching an aggressive expansion and diversification drive to double its investment portfolio up to seven hundred billion over the next three years.
More over to Dubai Properties, which has notched quite a few milestones in the real estate market, the new group structure comprises Dubai Asset Management, Dubai Retail and Dubai Hospitality.