Dubai Properties, real estate development arm of Dubai Holding, has expanded its portfolio significantly over the past few years Dh350 billion in value.
Nevertheless, its appetite is growing more will redouble its portfolio Dh700 billion in the next few years, said an official rating.
"With Dh350 billion now, we will double our portfolio in the next three years," Mohammed Bin Braik, chief executive of Dubai Properties, said in an exclusive interview.
"What is important for us is that we create value for
Property in Dubai recently to review its corporate structure and announced the creation of a new holding company - Dubai Properties Group (DPG) - consolidating all its current operations into separate business units and bringing them under one umbrella organization.
The structure of the new group comprises six business units focusing on real estate verticals, such as hospitality, property services, international investment, engineering and real estate development. Each organization will operate as a separate business subsidiary in the DPG, personal responsibility for the unit management systems, strategic planning and business results.
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