Dubai-based master developer Nakheel appointed Naaman Atallah as its new chief executive, the company said in a statement on Sunday.
Mr Atallah previously held “key leadership positions” at Dubai Properties, Emaar and most recently at Piramal Realty in India.
“As we enter a new phase in our growth, his extensive experience and proven track record will be key in further enhancing Nakheel’s position as ... [an] organisation that plays a pivotal role in the growth of Dubai’s real estate sector,” Mohammed Ibrahim Al-Shaibani, chairman of Nakheel, said.
Nakheel’s developments span 15,000 hectares and include projects such as Palm Jumeirah, Jumeirah Village, Al Furjan and Discovery Gardens, among others. It also owns shopping malls including Ibn Battuta Mall and Dragon Mart.
Earlier this year, Nakheel restructured its top management and appointed Mr Al Shaibani as its chairman after its previous chairman Ali Rashid Lootah moved to take up a new position on the Dubai World board.
The developer last month said it sold more than Dh1.2 billion worth of ready-to-occupy villas since March this year amid the coronavirus pandemic.
Dubai's real estate market has slowed after a drop in oil prices that began in 2014, and has been faced further pressure from a pandemic-induced economic slowdown earlier this year. However, in recent months transaction levels have picked up again as movement restrictions eased.
Six pitfalls to avoid when trading company stocks
Following fashion
Investing is cyclical, buying last year's winners often means holding this year's losers.
Losing your balance
You end up with too much exposure to an individual company or sector that has taken your fancy.
Being over active
If you chop and change your portfolio too often, dealing charges will eat up your gains.
Running your losers
Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.
Selling in a panic
If you sell up when the market drops, you have locked yourself out of the recovery.
Timing the market
Even the best investor in the world cannot consistently call market movements.
The biog
Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza
Hobby: Running and watching Welsh rugby
Travel destination: Cyprus in the summer
Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.
The five pillars of Islam
If you go
The flights
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The stay
Red Reflet offers a series of packages, with prices varying depending on season. All meals and activities are included, with prices starting from US$2,218 (Dh7,150) per person for a minimum stay of three nights, including taxes. For more information, visit red-reflet-ranch.net.
How it works
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The biog
From: Upper Egypt
Age: 78
Family: a daughter in Egypt; a son in Dubai and his wife, Nabila
Favourite Abu Dhabi activity: walking near to Emirates Palace
Favourite building in Abu Dhabi: Emirates Palace
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