Top 10 Property Developers in UAE

Top 10 Property Developers In UAE

Among the many things that have brought global attention to Dubai is the city's ground breaking architecture. Famous property developers may be found there because of the city's status as the best and most attractive real estate market in the world.

Developers in Dubai have shown capable of constructing buildings that exceed even the most stringent international standards.

Indicative of their skill are such buildings as the Burj Al Arab, the Palm Jumeirah, and the Burj Khalifa. This is why we thought it would be useful to compile a list of the best property developers in Dubai.

1. Mohammed Alabbar

Mohammed Alabbar, the CEO and founder of Emaar Properties, is one of our most admired builders. Since 1977, when he entered the real estate industry, Alabbar has been at the helm of Emaar Properties' expansion, leading the company to an unparalleled record of success in the creation of residential, retail, entertainment, hotel, and leisure assets.

He has spent years expanding his retail firm into twenty or more different countries and marketplaces in the Middle East, North and Sub-Saharan Africa, Central and Eastern Europe, South and Southeast Asia, and the United States.

This year, during Emaar Properties' AGM, the company's strict measures to ensure its "continued robust business success" were the subject of heated debate.

With Alabbar in the leadership, Emaar is working harder than ever to keep its dominant position through smart investments and to deliver all ongoing projects on schedule.

2. Talal Al Dhiyebi

Talal Al Dhiyebi, the group CEO of Abu Dhabi-based Aldar Properties, has made it to the number two spot under the category of developers. Among the several boards, he sits on are those of Aldar Investment and Aldar Estates as chairman and vice chairman, respectively.

Since the company's 2013 merger with Sorouh, Al Dhiyebi has served in many senior posts before becoming CEO in 2017. During the fiscal year 2021, the real estate corporation engaged in the development, management, and investment generated total revenue of $2.3 billion and posted net profits of $626,2 million.

Now that Al Dhiyebi is at the helm, Aldar Properties has announced healthy financial results owing to the competitive performance of the Aldar Development company and the recurring income portfolio of Aldar Investment.

3. Hesham Al Qassim

Wasl Asset Management Group Vice Chairman and Chief Executive Officer Hesham Al Qassim is accountable for guiding the organization through its transition into a top-tier asset management company throughout the world.

As the CEO of wasl, Al Qassim is responsible for all aspects of the company's operations, including but not limited to wasl properties, wasl hospitality & leisure, wasl real estate development, and other key strategic business units like Dubai Golf and the Food Tech Valley, which aims to make the United Arab Emirates a global hub for tech-based food and agricultural solutions.

As of now, wasl's portfolio includes approximately 50,000 residential and commercial units in Dubai, in addition to 7,694 hotel rooms in 32 hotels and hotel flats.

4. Hussain Sajwani

Hussain Sajwani, the company's founder and CEO, has DAMAC Properties, a worldwide property developer, off to a strong start this year by using cryptocurrencies and technology to offer novel solutions to their clientele.

Sajwani founded DAMAC in 2002 after seeing a need in the market, and today it is one of the greatest property development businesses in the area, with major projects in Dubai, Abu Dhabi, Doha, Amman, Jeddah, London, and other major worldwide cities.

Sajwani is a savvy businessman and investor with a history of success in the areas of private equity, mergers and acquisitions, and the acquisition or maintenance of both majority and minority stakes in publicly listed companies.

The premier high-end house builder revealed plans to accept cryptocurrency payments for property purchases from the start of the second quarter of 2022.

5. John Pagano

John Pagano, CEO of The Red Sea Development Company (TRSDC) and AMAALA, two related projects located on the north western coast of Saudi Arabia, comes in at number five on our list of developers.

Over the past year, TRSDC has made great strides. More than 20,000 people are still working on the ground, but the developer has already hit the 1,750-employee mark.

The company claims that with more than half of Phase 1 work finished, The Red Sea destination will be ready to welcome its first guests in less than a year.

Southern Dunes, an inland area nestled among desert dunes, Ummahat, with its two island resorts, and Shura, the hub island (nicknamed "Coral Bloom" owing to its coral reef-inspired architecture), with eleven hotel assets, all make up this initial phase of development.

6. Dr. Issam Daoud

Dr. Issam Daoud is a prominent Middle Eastern businessman and the brains behind the Avanti Holding Group of Companies, which he founded in 1995. In 2007, he was awarded one of Top 50 Most Influential Arabs and one of The 50 Richest Arabs, just two of many awards for his financial acumen.

Dr. Daoud founded Avanti Holdings 27 years ago and has since worked in real estate around the globe, particularly in the Middle East.

Dr. Daoud is an investor in a number of different oil and gas enterprises; in 2015, he founded Gulf Interstate Oil Corporation (GIOC), one of the largest oil transporters in the Middle East. GIOC primarily serves the South Asian market.

7. Mohamed Saad

Diriyah Gate Development Authority (DGDA) has accomplished a lot under Mohamed Saad's watch as chief development officer.

In the last year, DGDA has completed two diversion projects for a total of $140mn: the Western Ring Road diversion and the At-Turaif diversion.

To make way for the Diriyah Gate concept, the Western Ring Road project will involve gyratory tunnels and infrastructure improvements in the current Western Ring Road's site, resulting in a 2 km, eight-lane road diversion. This diversion took three months and twenty million dollars to complete.

A 1500mm TSE pipe installation and a 600mm potable water pipeline installation were both finished 5m below the surface of the 1.9km road through Wadi Hanifah that passes by At-Turaif.

8. Nadhmi Al-Nasr

As CEO of NEOM, Saudi Arabia's 26,500 km2 futuristic giga project, Nadhmi Al-Nasr is at the forefront as a seasoned engineer and leader with a history of executing large-scale projects for KSA.

Following his initial three years of employment with Saudi Aramco in 1978, Al-Nasr moved on to oversee the implementation of the Kingdom's Master Gas System.

Now he is in charge of what promises to be one of the world's most cutting-edge "smart cities," complete with hyper-connected future neighborhoods and an autonomous food system.

The NEOM Green Hydrogen Firm is in charge of the project's green hydrogen facilities, and the NEOM subsidiary company ENOWA will oversee the project's world-class sustainable energy and water systems.

The tourist industry in the area is being bolstered by NEOM's introduction of TROJENA, the world's newest mountain destination.

9. Mirwais Azizi

Founded and led by Chairman Mirwais Azizi, Azizi Developments has had significant growth over the past year, mirroring the upward trend in Dubai's property market.

In only one week, the business sold over half of its Park Avenue I project, as well as 99 percent of Riviera Phase I, 98 percent of Mina on Palm Jumeirah, and 100 percent of Creek View I.

As its megaproject Riviera continues to advance rapidly, it is plausible to assume that sales have increased even further in 2022.

The company has also made remarkable progress in terms of both the speed and quality of its construction, having reached a number of important milestones, and has secured over 40 major supplier contracts with many internationally renowned, high-quality manufacturers, including Toshiba, Schneider Electric, Knauf, Daikin, and RAK Ceramics.

Several structures on Riviera's boulevard, including Beach Oasis in Studio City and Beachfront, both of which sold out in under a month, were introduced by the developers.

More than 250 new employees, the introduction of the Azizi Learning Centre, and the beginning of numerous other major projects in the region all attest to the company's growth and expansion.

10. Francis Alfred

Francis Alfred, managing director of Sobha Realty, a multinational real estate and construction group, has made it onto this list. Sobha Realty is currently working on several exciting projects, including the Sobha Hartland, a 743,224-square-meter development in Mohammed Bin Rashid City, Dubai.

Sobha Realty anticipates a rise in demand for its communities with the announcement of its successful 2021. As a result of the influx of foreign investors into Dubai, the company plans to complete the Sobha Hartland project by 2025, providing homes for about 6,000 families.

Self-sufficiency has been achieved, with environmental conservation and a correspondingly small carbon footprint being given first priority by the community.

Also, under Alfred's direction, Sobha has seen increased interest from regional and global investors in search of a premium and opulent opportunity in the middle of the metropolis.

Conclusion

It was all about the top 10 property developers in UAE. All these developers are pioneers in the property development market.