DUBAI: Dubai Investments has announced the appointment of Dr Rashid Abdulla Al Haji as general manager of its Properties Investment unit which is part-owned by Union Properties. The unit, which is 70 percent owned by Dubai Investments, is engaged in investments and development of real estate projects across the UAE.
Al Haji, a UAE national and former Deyaar executive, will be responsible for overseeing the management of all high-value assets of the unit as well as sales, leasing, acquisition, facilities management, property management and valuation functions, a statement said. Properties Investment’s portfolio includes the Green Community and Courtyard by Marriott in Dubai Investments Park. The company is currently developing the Green Community West Phase 3, offering a mix of residences encompassing 210 townhouses as well as 16 duplex apartments, as also retail and recreational areas.
Khalid Bin Kalban, managing director and CEO of Dubai Investments, said: “Real estate forms a major chunk of Dubai Investments portfolio. In view of the promising long-term growth trends in the sector, the company increased its stake in Properties Investment to 70 percent in March to support its business and upcoming projects.
“With Dr Rashid Al Haji’s proven expertise in the real estate business landscape, Dubai Investments is confident of Properties Investment’s continued success amidst the emerging opportunities.” Al Haji has earlier held senior management positions at Deyaar Development and Dubai Investments Real Estate Company.
