Mounir Haider
, the chief executive who helped launch
Sorouh Real Estate
,
[ is stepping down because of "personal reasons" ]
, the National reports this morning.
Gurjit Singh
, the charismatic chief property development officer is getting bumped up to chief operating officer, while
Abubaker Seddiq al Khouri
will continue running the company as managing director. This top-level change at Sorouh follows similar shake-ups across the property sector. Among the companies that have seen top executives change in the last year are
Deyaar Development
,
Aldar Properties
,
Omniyat Properties
,
Dubai Holding
and
Damac Properties.
If anyone has a good tip about shake-ups or Mr Haider's decision to step down, feel free to contact me at
A proposed 224-story tower that was touted as a possibility for Abu Dhabi
[ was turned down by a member of the Royal family ]
, The National reports. The
Los Angeles Times
reported this week that California-based architect
Tommy Landau
[ had submitted plans for his tower, known as Al Imlaq or The Giant, to an "Abu Dhabi planning committee" ]
, but a member of Mr Landau's camp in the UAE said the building was refused because it would affect airplane traffic. But they aren't giving up. Next stop, Saudi Arabia.
Companies have been breaking the midday break law in a big way.
[ The number of companies caught by the authorities increased by 70 per cent to 677 companies ]
, Loveday Morris reports in The National. Still, it begs the classic question with violations of this type: Are more companies breaking the law or are the authorities increasing enforcement of the law?
A long-standing issue about exorbitant utilities charges at Jumeirah Village Triangle
[ appears to be resolved ]
, Hugh Naylor reports in The National.
Nakheel
, the master developer, told residents in a meeting yesterday that it would compensate residents for excessive portions of their bills.
Ikea is
[ going to build an enormous store on Yas Island ]
, Tom Arnold reports in The National.