In an ever-evolving real estate landscape, where innovation, sustainability, and luxury define success, the UAE has emerged as a global leader, thanks to the visionary pioneers who drive the industry forward. These trailblazers have not only shaped the skylines of cities like Dubai and Abu Dhabi but have also set new standards in property development, pushing the boundaries of what’s possible in design, construction, and community building.
Our Power List celebrates the 50 influential leaders in the UAE’s real estate sector – visionaries whose strategic foresight, dedication to excellence, and relentless pursuit of innovation have left an indelible mark on the industry. From founding global real estate giants to pioneering sustainable urban developments, these individuals exemplify leadership, creativity, and a commitment to driving the UAE’s real estate sector to new heights.
1. PNC Menon – Founder and Chairman, Sobha Group:
PNC Menon’s rise from modest beginnings in India to becoming a global real estate magnate epitomizes his relentless pursuit of excellence. Establishing Sobha Group in Oman in 1976, he expanded the firm into an international luxury real estate developer with a presence in the UAE, India, the UK, and Oman. Sobha Realty’s unique ‘Backward Integration’ model, a Harvard Business School case study, allows for unparalleled quality and timely delivery through in-house capabilities. Flagship developments like Sobha Hartland and Sobha SeaHaven embody the brand’s commitment to luxury and innovation. Under Menon’s guidance, Sobha Realty has grown 15x since 2020, reporting AED 15.5 billion in sales in the last financial year. Beyond business, Menon’s philanthropic efforts are profound, pledging 50% of his wealth towards societal causes and being a signatory of the ‘Giving Pledge’ by the Bill & Melinda Gates Foundation. His leadership continues to inspire and shape the future of real estate.
2. Abdullah Alajaji – Founder and Managing Director, Driven Properties:
Abdullah Alajaji founded Driven Properties in 2012, steering its growth into one of the Middle East’s leading real estate firms. Alajaji’s background in corporate planning and asset management at Saudi Aramco, coupled with his experience in private equity and angel investing, enabled him to expand Driven Properties strategically. The company, now a founding member of Forbes Global Properties, is renowned for its luxury developments like The 971 in Jumeirah Islands, showcasing opulence with meticulously curated villas featuring high-end materials from Italy. Under Alajaji’s leadership, Driven Properties has gained recognition for its commitment to excellence and innovation in luxury real estate. His strategic vision has positioned the company as a key player in the Middle Eastern market, continuously setting new standards in the industry.
3. Ahmed Galal Ismail – CEO of Majid Al Futtaim – Holding:
Ahmed Galal Ismail was appointed CEO of Majid Al Futtaim – Holding in January 2023. Mr Ismail has been a long-standing leader at Majid Al Futtaim, having held several executive positions across the company’s portfolio of businesses, and has played an instrumental role in the growth and development of the company. Having joined Majid Al Futtaim in 2007 as the group’s VP of Strategy, he then oversaw seven business verticals, including Leisure and Entertainment, Cinemas, Lifestyle, Facilities Management, and Consumer Finance in his role as CEO of Majid Al Futtaim Ventures. Prior to his most recent appointment as CEO of Holding, Mr. Ismail served for 5 years as CEO of the company’s Properties business, leading the company’s portfolio of shopping malls, hotels, and mixed-use communities.
4. Ahmed Alkhoshaibi– Group CEO, Arada:
Since its establishment in 2017, Ahmed Alkhoshaibi has been instrumental in Arada’s rapid growth, making it one of the UAE’s largest master developers. Under his leadership, Arada has sold over 13,000 units valued at $3.6 billion and completed 7,400 homes. Significant projects like Aljada, Sharjah’s largest mixed-use development, highlight Alkhoshaibi’s strategic vision. He has also led Arada’s expansion into ambitious projects such as Masaar, a forested community, and Jouri Hills at Jumeirah Golf Estates. Alkhoshaibi’s focus on sustainability and innovation has positioned Arada as a leading player in the UAE’s real estate market, contributing to the company’s continued success and influence in the region.
5. Ahmed Baghoum – CEO, Masdar City:
Ahmed Baghoum, CEO of Masdar City, has been pivotal in advancing sustainable urban development in Abu Dhabi. Leading Masdar City since 2020, Baghoum oversees the strategic growth of this innovative eco-city, which is a cornerstone of the UAE’s commitment to sustainability and net-zero emissions by 2050. Under his guidance, Masdar City has become a global model for sustainable living, integrating cutting-edge technologies in energy, transportation, and urban planning. Baghoum’s efforts have positioned Masdar City as a hub for innovation, attracting international businesses and research institutions dedicated to green technologies and sustainable practices. His leadership continues to drive Masdar City’s mission to create a more sustainable future. Baghoum’s strategic vision has led Chief Executive Officer Masdar City to numerous milestones in the city’s development. Key achievements include implementing renewable energy solutions, such as solar and wind power, and promoting green building standards, which have significantly reduced the city’s carbon footprint.
6. Amira Sajwani– Founder and CEO, PRYPCO:
Amira Sajwani, Founder and CEO of PRYPCO, is revolutionizing Dubai’s real estate sector with her innovative prop-tech startup. Founded in 2022, PRYPCO introduces cutting-edge services such as digitized mortgage solutions, fractional ownership, and Rent Now Pay Later plans. These features aim to simplify real estate transactions and cater to the needs of contemporary property buyers and investors. Under Sajwani’s visionary leadership, PRYPCO has quickly made its mark, disbursing over AED 1.5 billion in mortgages with a notable 95% success rate for pre-approvals. The digitized mortgage solutions streamline the application process, reducing time and paperwork, and making property financing more accessible to a broader audience. PRYPCO’s fractional ownership model enables multiple investors to co-own high-value properties, thus lowering entry barriers and offering diversified investment opportunities. Sajwani’s influence extends to DAMAC Properties, where she manages key departments and strategic initiatives. Her dual roles reflect her profound industry knowledge and unwavering dedication to innovation.
7. Anil Jairam Gehani – Founder and Chairman, Zabadani Real Estate:
Anil Gehani, the visionary Founder and Chairman of Zabadani Real Estate, has been a transformative force in the UAE real estate industry since establishing the company in 1990. Over the past thirty years, Gehani has led Zabadani Real Estate from its origins as a traditional retail brokerage to a niche advisory firm specializing in land investments, specialty assets, and project management. Under Gehani’s leadership, Zabadani Real Estate has been involved in numerous high-profile deals and negotiations, gaining recognition both locally and regionally. The firm was featured in Forbes Middle East’s Top Ten Real Estate Consultancies for two consecutive years in 2016 and 2017. In the past 12 months alone, Zabadani Real Estate has achieved remarkable success, with sales of land valued at AED 1.8 billion, showcasing the company’s strategic expertise and market acumen. Guided by the mission statement “Creating Wealth Through Property Investments,” Gehani ensures that Zabadani Real Estate continuously adapts and innovates to meet the evolving needs of its clients.
8. Andrea Nucera – Managing Director and CEO, Reportage Properties:
Andrea Nucera, Managing Director and CEO of Reportage Properties since its inception in 2014, has debuted on Construction Week Middle East’s Power 150 list, underscoring his impactful leadership. As one of the largest private developers in the UAE, Reportage Properties has achieved significant milestones, with projects in the UAE, KSA, Egypt, Turkey, Morocco, Uganda, and Rwanda. The company launched 29 projects in the UAE and seven internationally, surpassing $1 billion in sales in 2023. Notable projects include OASIS 2 in Masdar City and Reportage Village in Dubai. Nucera’s leadership has also emphasized corporate social responsibility, sponsoring events like the Abu Dhabi International Chess Festival, showcasing a commitment to community.
9. Andrew Covill – Director, Henry Wiltshire International:
Andrew Covill, Director at Henry Wiltshire International, boasts 30 years of international property experience, including 11 years in Abu Dhabi. Specializing in Saadiyat Island and VIP villas, Andrew is recognized for his expertise in both development and real estate agency. His recent successes include four premium property sales, notably villas on golf courses and by the sea. Henry Wiltshire International has been in the market for over eight years and has clinched the House of SuperAgents for exceptional customer service and Quality Brokerage Award for its Abu Dhabi boutique at the Property Finder Awards 2022. The accolade highlights the firm’s market expertise, reinforcing its reputation as a leading real estate brokerage in the UAE.
10. Bill O’Regan – Group CEO, Q Holding:
Bill O’Regan, appointed Group CEO of Q Holding in January 2024, oversees the master developer of Reem Island in Abu Dhabi. Established in 2005, Q Holding, a subsidiary of International Holding Company, has completed over 3,281 units and has 2,674 more under construction, totaling $1.87 billion in value. Recent achievements include a partnership with ORA Real Estate Development Group to create Group CEO Q Holding BILL O‘REGAN a smart, sustainable city in Ghantoot, and agreements with Trojan General Contracting to build 1,742 villas. In the first half of 2023, the company reported $166.1 million in revenue and $5.3 billion in assets, with a market cap of $6.1 billion as of November 2023. O’Regan previously held senior roles at Modon Properties and the Urban Planning Council.
11. Carlos Wakim – CEO, Bloom Holding:
Carlos Wakim, CEO of Bloom Holding, has expertly guided the company to remarkable success through his strategic vision and industry expertise. Under his leadership, Bloom Holding has expanded its real estate, hospitality, and education portfolios, including the launch of Bloom Living, a $2.5 billion community in Abu Dhabi featuring over 4,500 homes and comprehensive amenities. In the past year, Bloom Living launched four phases Chief Executive Officer Bloom Holding and began construction on three more, with all villas and townhouses sold out. Internationally, Bloom Holding announced a luxury residential project in Marbella, Spain, and a state-of-the-art school in Egypt. Additionally, they offered a guaranteed ROI for Bloom Arjaan by Rotana hotel apartments. Their CSR initiatives reflect a commitment to sustainability and energy conservation.
12. Debbie Cope – Owner and Managing Director, House Hunters:
Debbie Cope, originally from Dublin, Ireland, is the Owner and Managing Director of House Hunters, a company she founded in 2004 amid Dubai’s burgeoning Freehold market. With a background in aviation, Debbie moved to Dubai in 1991 and has witnessed its transformation over the past three decades. She recognized the need for a real estate agency that prioritized customer experience during a chaotic and unregulated time. Her first property purchase in 2005 from Emaar in Savannah, Arabian Ranches, solidified her connection to the community. Two decades later, Debbie remains at the helm of House Hunters, driven by her dedication to her staff and clients. The agency is renowned for its specialized service and top-tier brokers, reflecting her unwavering commitment to excellence.
13. Diana Nilipovscaia – CEO, MERED:
Diana Nilipovscaia is a pioneering force in the traditionally male-dominated real estate market, leveraging her 16 years of experience to lead MERED’s successful entry into the luxury sector. In 2023, MERED launched the ICONIC Tower in Dubai Internet City, a 286.4-meter landmark featuring 310 luxury apartments and state-of-the-art amenities. The project showcases collaborations with esteemed partners like Pininfarina, HBA, and Valor Hospitality Partners, ensuring its status as a global symbol of luxury. The ICONIC Tower will offer exclusive amenities including a private lounge, gym, infinity pool, and electric vehicle charging stations, reflecting MERED’s commitment to sustainability. Nilipovscaia’s leadership not only redefines opulent living but also advances sustainable construction practices, setting new industry standards.
14. Dmitriy Starovoitov – Founder and Chairman, Almal Real Estate Development:
Dmitriy Starovoitov, the visionary Founder and Chairman of Almal Real Estate Development, has rapidly impacted the UAE’s luxury real estate market since founding the company in 2022. Dedicated to architectural brilliance and prime locations, Starovoitov has set new standards for luxury living. Almal specializes in exclusive developments that elevate lifestyles and secure futures, with flagship projects like The Unexpected Al Marjan Island Hotel & Residences and Harrisoni Villas. The Al Marjan project, featuring 422 units with top-tier amenities, earned the Iconic Design of the Year Award, while Harrisoni Villas won Private Villa of the Year. Under Starovoitov’s leadership, Almal is expanding internationally, with plans in Indonesia and Thailand. With 20 years of experience and a portfolio in Eastern Europe, Starovoitov continues to drive Almal’s growth, making it a leader in luxury real estate.
15. Faris Saeed – Chairman and CEO, SEE Holding:
Faris Saeed, Chairman and CEO of SEE Holding, leads a transformative force in the UAE’s real estate sector, focusing on sustainability and luxury. SEE Holding, the UAE’s first globally-focused, sustainability-driven holding group, is pioneering environmentally responsible luxury property development. Under Saeed’s leadership, the company is advancing the UAE’s 2050 Net Zero goals, integrating cutting-edge green technologies with high-end real estate. SEE Holding’s flagship projects set new standards by combining opulence with rigorous environmental standards, aligning with global sustainability targets. Saeed’s visionary approach has positioned SEE Holding as a leader in the sector, recognized on Forbes Middle East’s Sustainable 100 list. As the company expands, Saeed’s strategic vision continues to drive innovation, making SEE Holding a key player in the future of sustainable luxury real estate.
16. Hamed Ghelichkhani – Founder and CEO, Homeland Realty Real Estate:
Hamed Ghelichkhani, the Founder and CEO of Homeland Realty Real Estate in Dubai, is a seasoned expert with 17 years of experience in the real estate industry. Originally from Tehran, Iran, Hamed moved to Dubai in mid-2003, where he has since established a notable career. Before founding Homeland Realty in October 2021, he held significant roles, including Sales Founder and Director at Dehkadeh Real Estate and Caspian Properties, and Head of Sales at Fidu Properties. At 43, Hamed has become a key player in Dubai’s real estate market, bringing a wealth of knowledge and expertise in sales and business to his role. Homeland recently received the distinction of being recognized as an Emaar Top Agency for Q1/2024.
17. Hesham Abdulla Al Qassim – CEO, Wasl Asset Management Group:
Hesham Abdulla Al Qassim, the CEO of Wasl Asset Management Group, has been instrumental in transforming Dubai’s real estate landscape. Since its establishment in 2008 by the Dubai Real Estate Corporation (DREC), Wasl has become a leading entity in property management, hospitality, and investment management. Al Qassim oversees an impressive portfolio, including over 47,600 residential and commercial properties, 19 hotels, and several prestigious golf courses under Dubai Golf. His strategic vision has driven the development of landmark projects such as Wasl1, a master development overlooking Zabeel Park, and Wasl Tower near Burj Khalifa. Under his leadership, Wasl continues to expand and innovate, contributing significantly to Dubai’s status as a global real estate hub.
18. Husni Al Bayari – Founder and Chairman, D&B Properties:
Husni Al Bayari, the Founder and Chairman of D&B Properties, has been a prominent figure in Dubai’s real estate sector since establishing the company in 2015. Under his leadership, D&B Properties has grown from a firm focused on off-plan properties into a diversified holding company, Bayari Holding, which includes divisions such as Real Estate Asset Leaders, Commercial Experts, and Be Our Guest (Holiday Homes). The company has received numerous accolades, including being named Emaar’s ‘Top Broker’ for four consecutive years. Al Bayari’s strategic vision and commitment to professionalism and transparency have positioned D&B Properties as a leading real estate brokerage in Dubai, recognized for its excellence and client-centric approach.
19. Hussain Sajwani – Founder and Chairman, DAMAC Properties:
Hussain Sajwani, the visionary founder of DAMAC Properties, has been a pioneering force in the Middle East’s luxury real estate market since the company’s inception in 2002. Under his leadership, DAMAC Properties has delivered approximately 47,600 homes and developed award-winning residential, commercial, and leisure properties across the UAE, Saudi Arabia, Qatar, and beyond. Sajwani’s strategic vision and innovative approach have transformed DAMAC into a globally recognized brand synonymous with luxury living. Collaborations with world-renowned fashion and lifestyle brands, such as Versace and Cavalli, have introduced new living concepts to the market. Sajwani’s commitment to excellence continues to drive DAMAC’s success, setting new benchmarks in the real estate industry.
20. Imran Ali Khan – Co-Founder and CEO, Dubizzle Group:
Imran Ali Khan, the CEO and co-founder of Dubizzle Group, has been a pivotal figure in the growth and success of the company since its inception. Under his leadership, Dubizzle has expanded to become a leading classifieds platform in the MENA region, merging with OLX Group to form a $1 billion Dubai-based unicorn. The group operates renowned brands such as Bayut, Zameen, OLX, and Lamudi, connecting millions of buyers and sellers across various sectors, including real estate. Khan’s entrepreneurial vision and strategic acumen have driven Dubizzle’s impressive growth and market dominance, solidifying its position as a key player in the digital classifieds industry. His innovative approach continues to shape the future of online marketplaces in the region.
21. Imran Farooq– Group CEO, Samana Developers
Under the leadership of Imran Farooq, Group CEO of Samana Developers, the company achieved extraordinary success in 2023, with sales skyrocketing to $817.4 million (AED3 billion), a 400% growth. Farooq’s strategic investments in automation technologies like Oracle Fusion and Salesforce facilitated a paperless office and introduced a 24/7 sales experience that streamlined transactions globally. Key project completions included Samana Hills, Golf Avenue, and Park Views, with accelerated handovers of Samana Santorini and Miami. The company also excelled in revenue collection, reaching 98.5% in 2024. The company aims for 100 per cent smart homes in all projects through their green initiative, reinforcing Samana Developers’ position as a sustainability leader in the real estate sector.
22. Iseeb Rehman – Founder and Global CEO Sherwoods International Property
Iseeb Rehman, born in 1964, is a highly respected business leader known for his success with Sherwoods, a real estate consultancy he founded after studying in London and qualifying as a legal surveyor. Initially serving private bankers in London, Sherwoods quickly expanded to Dubai in 1988, focusing on expatriates seeking real estate opportunities. Under Iseeb’s guidance, the company has thrived through economic downturns, becoming a key player in both mainstream and government projects in Dubai. Sherwoods is now a prominent brand, serving a diverse clientele. With offices in the UK, Dubai, Abu Dhabi, Ras Al Khaimah, Bahrain and Doha, the business has evolved to cater for expatriates in the UAE looking for real estate opportunities in London.
23. Issa Ataya – CEO of Alef Group
Issa Ataya, CEO of Alef Group since January 2014, has led the company’s impressive growth since its establishment in 2013. Alef Group, a leading real estate developer in Sharjah, has completed over 1,140 units, with more than 8,000 under construction, totalling $354 million in value. In 2022, they launched Alef Be, their first loyalty program app. As of November 2023, the company’s assets and land bank are valued at $2.7 billion. The recent handover of 819 residential units at Al Mamsha Souks exemplifies their commitment to quality and community development. Al Mamsha Souks, inspired by traditional Sharjah souks, offers a vibrant, sustainable living environment with diverse amenities, blending modern comfort with cultural heritage.
24. Josef Kleindienst – CEO of Kleindienst Group
Josef Kleindienst, CEO of Kleindienst Group, has led a year of remarkable achievements in 2023, marked by the successful completion and handover of the Côte d’Azur Monaco project and the Nice hotel within it, showcasing the group’s commitment to deadlines and quality. The agreement with RAK for a super yacht shipyard and the establishment of new diving spots underscore plans to expand offerings and promote sustainable tourism. The completion of the voco™ Monaco Dubai and Nice hotels significantly boosted their portfolio, with an average property value of AED3,500 per sq. ft. As 2023 concludes, Kleindienst Group remains focused on quality, client satisfaction, efficient inventory management, and enhancing branding, while prioritizing CSR initiatives in line with the UAE’s sustainability goals.
25. Kabir Mulchandani – Founder and Chairman of FIVE Holdings
Kabir Mulchandani, Founder and Chairman of FIVE Holdings, has revolutionized Dubai’s luxury real estate and hospitality sectors. Established in 2011, FIVE Holdings has become renowned for its iconic properties like FIVE Palm Jumeirah and FIVE Jumeirah Village, which blend luxury living with eco-consciousness. Under Mulchandani’s leadership, the company has excelled in sustainability, being the first in the UAE to use 100% renewable electricity and earning top green developer accolades. His philanthropic efforts, including Project Udaan, underscore his commitment to social responsibility. Mulchandani’s innovative approach and dedication to excellence continue to shape Dubai’s luxury real estate landscape.
26. Khalid Al Malik – Managing Director and CEO Dubai Holding Real Estate (DHRE)
Khalid Al Malik, the CEO of Dubai Holding Real Estate (DHRE), has been a driving force in the development of some of Dubai’s most iconic communities and real estate projects. Under his leadership, DHRE has successfully delivered 35,000 units and developed master-planned communities that house over 100,000 residents. Established in 2002 and becoming part of Dubai Holding in 2005, DHRE oversees Managing a robust portfolio, including Jumeirah Beach Residences, Business Bay, and DUBAILAND. Al Malik’s strategic vision emphasizes sustainable infrastructure, accessibility, and community-centric amenities, ensuring that DHRE’s developments provide unmatched living experiences. His efforts have positioned DHRE as a top-tier developer in the MENA region, managing a portfolio worth $35.4 billion in assets.
27. Kika Pavese– Managing Director of MD Real Estate
Kika Pavese, Managing Director of MD Real Estate and Founder of Voyage Vacation Homes, has made significant strides in Abu Dhabi’s real estate market over the past decade. Her dedication to promoting the city globally and her role in the ‘SheForShe’ initiative, powered by Property Finder, reflect her commitment to empowering women in the industry. Kika highlights the UAE’s unique opportunities, emphasizing the need for greater female representation and mentorship within real estate. Through ‘SheForShe,’ she aims to bridge gaps by providing mentorship and training to aspiring women. Kika’s vision for the future includes fostering growth and upholding core values at MD Real Estate and Voyage Vacation Homes, ensuring excellence in service and leadership.
28. Lewis Allsopp – CEO of Allsopp & Allsopp
Lewis Allsopp, CEO of Allsopp & Allsopp, has been a transformative leader in Dubai’s real estate market since co-founding the company in 2008 with his brother Carl. Under his leadership, Allsopp & Allsopp has grown into one of the largest real estate firms in Dubai, handling around 4,000 property transactions annually and employing over 500 staff. The company is known for its client-centric approach, innovative marketing strategies, and a strong presence in both sales and lettings. Allsopp’s commitment to excellence and market insights have positioned the company as a trusted name in the industry, driving growth and innovation in the competitive Dubai property market.
29. Low Ping – Group Chief Executive Officer at Yas Holding
Low Ping is the Group Chief Executive Officer at Yas Holding, having joined the Group in mid-2022. With over 30 years of leadership experience, she has a distinguished track record, including roles as GCEO at Eagle Hills Properties LLC and Emaar Properties PJSC, as well as Audit Partner at KPMG Singapore. Her career spans diverse industries such as banking, real estate, energy, utilities, trading, retail, and manufacturing, showcasing her expertise in driving business growth across competitive environments. Low Ping’s extensive experience encompasses finance, treasury, banking, taxation, legal, and risk management. A Chartered Accountant and member of the Certified Public Accountants in Singapore, she holds a Bachelor of Accountancy from the National University of Singapore.
30. Mahdi Amjad – Founder and Executive Chairman of Omniyat
Mahdi Amjad, the Founder and Executive Chairman of Omniyat, has redefined luxury standards across Dubai. Omniyat, a premier real estate group, excels in bespoke residential projects in partnership with elite hotel brands. Currently valued at over $5 billion, Omniyat’s projects represent the pinnacle of opulent living and innovative design. His leadership has propelled Omniyat, renowned for its cutting-edge design and exclusivity, to the top tier of Dubai’s property developers. Amjad’s strategic foresight has led to collaborations with top designers and earned the company accolades, including recognition from Forbes. His dedication to pushing the boundaries of design and quality continues to drive Omniyat’s success, setting new benchmarks in urban living and redefining the luxury real estate market.
31. Mark Phoenix – CEO of Sankari Properties
Mark Phoenix, CEO of Sankari Properties, a burgeoning family-run developer on the UAE scene, leveraging four decades of experience and a substantial investment portfolio. Sankari’s flagship project, an ultra-luxury residential twin tower at Marasi Marina, Business Bay, is slated for completion in 2027 and will feature 10 exclusive floating water homes with stunning views of the Dubai Canal and Downtown Dubai. The developer’s current portfolio stands at $1.9 billion (AED7 billion). In 2023, Sankari focused on building a core team and forging partnerships with design firms Foster + Partners and Portia Fox. Looking ahead to 2024, the company projects $544 million (AED2 billion) in sales. Founder Dr Abdulkader Sankari has committed $13.6 million (AED50 million) over five years for fighting hunger worldwide.
32. Mirwais Azizi – Founder and Chairman of Azizi Developments
Mirwais Azizi, the Founder and Chairman of Azizi Developments, has been a transformative force in Dubai’s real estate sector since establishing the company in 2007. Azizi Developments has become one of the leading private real estate developers in the UAE, with a portfolio valued at over AED 45 billion. Under Azizi’s visionary leadership, the company has developed more than 200 projects in key locations like MBR City, Palm Jumeirah, and Dubai Healthcare City. Azizi’s commitment to excellence is evident in their expansive project pipeline, which includes approximately 10,000 units under construction to be delivered by 2025, and an additional 31,000 units planned for 2025-2028. His leadership continues to drive the company’s growth and innovation, setting new benchmarks in the industry.
33. Mohamed Abdalla Al Zaabi – Group CEO of Miral
Mohamed Abdalla Al Zaabi, the Group CEO of Miral since 2015, has driven the company’s exponential growth through his strategic vision and focus on innovation. He oversees Miral’s expanding portfolio on Yas and Saadiyat Islands, leading to significant achievements, including Yas Island welcoming over 34 million visitors and a 44% surge in Saadiyat Island’s visitation. Under his leadership, the destinations earned over 170 accolades, cementing Yas Island as a global entertainment hub and Saadiyat Island as a premier cultural destination. Key developments include Yas Waterworld’s expansion, a Harry Potter theme park, and Yas Bay Waterfront’s beachfront development. Al Zaabi also spearheads cultural landmarks on Saadiyat Island, aligning with Abu Dhabi’s Tourism Strategy 2030, and launched Miral’s impactful CSR strategy in 2023.
34. Mohamed Alabbar – Founder and Chairman of Emaar Properties
Mohamed Alabbar, Founder and Chairman of Emaar Properties, has been instrumental in Dubai’s transformation into a global real estate and tourism hub. Since founding Emaar in 1997, Alabbar has overseen the development of landmarks such as the Burj Khalifa and Dubai Mall. Emaar boasts a presence across MENA and Asia, with a land bank of 1.7 billion square feet and over 102,000 residential units delivered globally. In 2023, Emaar recorded $5 billion in revenues and $37.3 billion in assets. Alabbar’s influence extends beyond real estate into hospitality and retail, exemplified by subsidiaries like Emaar Entertainment and Emaar Malls Management, highlighting his diverse impact.
35. Mounir Haidar, Co-founder and Managing Partner of LEAD Development
Mounir Haidar, Co-founder and Managing Partner of LEAD Development, launched the company in 2010 to cater to high-networth individuals with premium real estate projects. His strategic vision has been crucial in establishing LEAD Development as a major player in the UAE real estate market. Under Haidar’s leadership, the company has completed projects worth over AED 10 billion. Notably, the AED 15 billion Jubail Island in Abu Dhabi highlights Haidar’s dedication to blending luxury with sustainability, setting new standards for eco-friendly development in the region. Haidar’s focus on exceptional quality is evident in every aspect of LEAD’s projects, from prime locations to meticulous design and construction. Innovation is a cornerstone of his strategy; by incorporating the latest technologies and design trends, LEAD Development creates distinctive and advanced living spaces that appeal to sophisticated clients. His commitment to creating innovative, sustainable, and high-quality properties continues to attract discerning investors and residents.
36. Muhammad BinGhatti – CEO of Binghatti Developers
Muhammad BinGhatti, CEO of Binghatti Developers, has transformed the family property business into a leading real estate powerhouse in the UAE since 2014. Under his leadership, Binghatti Developers has seen remark – able growth and innovation, becoming a key player in the competitive market. Founded in 2008, the company boasts a diverse portfolio, including the luxury Burj Binghatti Jacob & Co Residences and the $109 million Binghatti Creek tower, completed in 2023. With investments exceeding $3.8 billion, Binghatti Developers operates across residential, commercial, and hospitality sectors, mainly in Dubai. BinGhatti’s architectural approach combines artistic elements with functional design, creating iconic buildings that serve as visual landmarks and reflect the company’s commitment to luxury and innovation. His vision includes expanding the company’s portfolio to AED 6 billion, demonstrating his commitment to growth and excellence.
37. Murad Saleh, Co-Founder and CEO of Amwaj Development
Murad Saleh, Co-Founder and CEO of Amwaj Development, has swiftly made a mark in Dubai’s real estate sector. With a robust background in real estate investment across the UAE and Europe, Saleh founded Amwaj Development in 2024, positioning it as a forward-thinking developer focused on premium, family-centric living spaces. The company’s flagship project, Starlight Park in Meydan’s District 11, features 172 meticulously designed apartments with high-quality finishes and amenities like rooftop pools, fitness studios, and a rooftop cinema. Amwaj emphasizes innovation, quality, and sustainability in its projects, with a development pipeline exceeding 1.5 million square feet by 2024. Under Saleh’s leadership, Amwaj continues to set new benchmarks in Dubai’s real estate market, blending luxury with community-centric living. The company is also committed to CSR activities, such as supporting flood-affected communities, highlighting its dedication to social responsibility.
38. Nadia Zaal – Chief Executive Officer of Al Barari
Nadia Zaal, an Emirati entrepreneur, is the cofounder and CEO of Zaya and the CEO of Al Barari. With 18 years of experience and leadership over 900 staff, Zaal has significantly impacted the real estate and hospitality sectors. Since co-founding Zaya in 2008, she has overseen the development of high-profile projects like ZUHA, Nurai Island, and Al Barari. In 2023, Zaya launched Island with 30 luxury villas and also introduced Zaya Early Learning and Al Fanar schools. Under her leadership, Al Barari completed The Neighborhood and Chorisia residential projects. Zaal’s career began with the family firm and includes notable achievements such as leading the IPO for Abu Dhabi Energy Company and serving on the Taweelah Asia Power Company board.
39. Nikita Kuznetsov – CEO of Metropolitan Premium Properties
Nikita Kuznetsov, CEO of Metropolitan Premium Properties, has been recognized as one of Dubai’s Top 50 Real Estate Agents by Property Times and FIABCI. Since arriving in the UAE in 2008 with just $300, Kuznetsov has transformed his career from a hotel receptionist to the head of a leading real estate agency. His strategic focus on luxury and off-plan properties significantly contributed to the company’s success, including generating $817 million (AED3 billion) in sales in early 2021. Kuznetsov’s leadership has expanded the firm to over 400 employees and seven offices across the UAE. His story exemplifies dedication and innovation, proving that with perseverance and a keen eye for opportunities, remarkable success is achievable in real estate.
40. Rahail Aslam – Founder and CEO of Select Group
Rahail Aslam, the Founder and CEO of Select Group, has significantly impacted Dubai’s real estate market. Establishing Select Group in the early 2000s, Aslam has guided the company to become one of the largest privately-owned real estate development and investment firms in the GCC, with interests extending to the UK and Europe. The company’s portfolio spans over 20 million square feet, including landmark projects like Marina Gate and the Peninsula development in Business Bay. Known for his strategic vision and entrepreneurial spirit, Aslam has diversified the company’s investments across residential, hospitality, and commercial sectors, driving substantial growth and innovation within the industry.
41. Rahul Kumar Gupta – Founder and Chairman of Aark Developers LLC
Rahul Kumar Gupta, Founder and Chairman of Aark Developers LLC, has quickly become a transformative figure in the UAE’s real estate sector since founding the company in 2023. Under his leadership, Aark Developers has developed over 1.5 million square feet of prime real estate, delivering more than 200 luxury housing units. The company’s flagship project, Sora Beach Residences, epitomizes Gupta’s commitment to luxury and innovation, featuring fully furnished residences with stunning sea views, a 138 ft. atrium lobby, and over 50 state-of-the-art amenities. Designed by renowned architect Nikken Sekkei, Sora Beach sets new standards for contemporary living. Gupta’s vision extends beyond luxury, focusing on creating family-centric communities with thoughtful design and extensive amenities. Aark Developers has quickly earned recognition as a top developer in the UAE, with accolades like Rising Developer of the Year. Gupta’s dedication to excellence and innovation continues to drive the company’s success and influence in the region.
42. Richard Waind – Chief Executive Officer of Betterhomes
Richard Waind, Chief Executive Officer of Betterhomes, brings extensive experience to his role. After graduating from Sheffield University with a degree in Law and Criminology, Richard began his property career in 2004 at a leading London estate agency. Over the past 15 years, he has managed teams across sales, leasing, property management, and financial services, including leading the expansion of the UK’s third-largest estate agency group. Joining Betterhomes in 2017 as Director of Brokerage, he was promoted to Group Managing Director in January 2020. Under his leadership, Betterhomes has acquired Ascot & Co., launched CRC and Linda’s Real Estate, and continued its significant growth. a commercial real estate consultancy, and Linda’s Real Estate, a community-based brokerage.
43. Rizwan Sajan – Founder and Chairman of Danube Group
Rizwan Sajan, Founder and Chairman of Danube Group, has significantly influenced Dubai’s real estate and building materials sectors. From humble beginnings in 1993, Sajan has grown Danube Group into a multi-billion-dollar conglomerate with diverse interests, including building materials, home décor, real estate, healthcare, and media. Under his leadership, Danube has delivered over 2,155 residential units and achieved an annual turnover of $ 2.1 billion. Known for his innovative approach, Sajan introduced the revolutionary 1% monthly payment plan, making luxury properties more accessible. His story of resilience and hard work, from selling books as a teenager to becoming a top business leader, continues to inspire many in the UAE and beyond.
44. Saeed Al Qatami – CEO of Deyaar Development
Saeed Al Qatami, CEO of Deyaar Development, has been a transformative leader in Dubai’s real estate sector since 2010. Under his guidance, Deyaar has developed prominent projects such as Business Bay, Dubai Marina, and the recent seafront residential tower Mar Casa, valued at $299.5 million. Established in 2002, Deyaar operates across property development, facilities management, and hospitality, managing assets worth $1.7 billion as of 2023. Al Qatami’s strategic focus on off-plan projects and joint ventures has propelled Deyaar’s growth, with plans to launch projects worth Dh3 billion. His leadership continues to drive innovation and growth within the company, making significant contributions to Dubai’s real estate landscape.
45. Saleem Karsaz – Group CEO of Aeon & Trisl Real Estate
Saleem Karsaz, Group CEO of Aeon & Trisl Real Estate, has been instrumental in shaping the company into one of Dubai’s leading real estate agencies since its inception. His strategic vision and commitment to excellence have driven the firm’s success, establishing it at the forefront of the industry. Known for its client-centric approach and deep market knowledge, Aeon & Trisl has built a reputation for delivering outstanding service and value. Under Karsaz’s leadership, the company has aligned with top developers like Emaar, Damac, and Nakheel, allowing it to offer a broad range of services, including residential and commercial sales and property management. This alignment has enabled Aeon & Trisl to cater to a diverse clientele, from individual homeowners to large-scale investors. The firm’s growth is also evident in its robust team of over 360 professionals, handling around 4,000 property transactions annually. This efficiency underscores Aeon & Trisl’s significant impact on Dubai’s real estate market.
46. Sameh Al Muhtadi – CEO of RAK Properties
Sameh Al Muhtadi, appointed CEO of RAK Properties in August 2022, has been instrumental in driving the company’s growth in the UAE’s Northern Emirates. Under his strategic leadership, RAK Properties has launched notable residential and hospitality projects, such as Bay Residences and Julphar Residences on Al Reem Island, with the latter selling out in just two months. The company also delivered 207 villas in Marbella and 266 apartments in Julphar Residence, solidifying its reputation for excellence. A key achievement under Al Muhtadi’s tenure is the opening of the 5-star InterContinental Hotel & Spas on Hayat Island, enhancing the region’s hospitality sector. Al Muhtadi is committed to RAK’s 2030 vision, focusing on sustainability and eco-friendly practices in development. His leadership not only drives the company’s success but also supports local economic growth by creating job opportunities, ensuring RAK Properties’ continued prominence in the Northern Emirates and beyond.
47. Satish Sanpal – Chairman of ANAX Developments
Satish Sanpal, the visionary Chairman of ANAX Holding, leads a diverse portfolio that includes ANAX Developments and ANAX Hospitality. His exceptional business acumen and innovative strategies have driven the organization to new heights, making significant strides in urban infrastructure. Under Sanpal’s leadership, ANAX Developments has set new benchmarks in sustainability and innovation, with projects that integrate green spaces, energy-efficient systems, and smart technologies. Sanpal’s dedication to transparency and trust led to the creation of an interactive platform allowing real-time project updates and virtual tours. Recently honored with the Golden Excellence Award for his contributions to the UAE real estate sector, Sanpal aspires to position ANAX Holding among the top 50 billionaires by 2034. Beyond business, he is passionate about art, yachting, and philanthropy. Sanpal’s vision is to continually evolve ANAX Holding, shaping a future where businesses drive societal transformation.
48. Simon Baker – Managing Director of haus & haus
Simon Baker, Managing Director of haus & haus, has been a leading figure in Dubai’s real estate sector. Since co-founding the company in 2013 with James Perry and Luke Remington, Baker has built haus & haus into one of the most trusted names in the industry. The company is renowned for its client-centric approach and strong team environment, focusing on long-term relationships and satisfaction. haus & haus offers a wide range of services, including residential and commercial sales, leasing, and property management, with a dedicated team of over 360 professionals. Under Baker’s leadership, the company continues to set new standards for excellence in Dubai’s real estate market.
49. Talal Al Dhiyebi – CEO of Aldar Properties
Talal Al Dhiyebi, the CEO of Aldar Properties, has been instrumental in driving the growth and success of Abu Dhabi’s premier real estate developer since taking the helm in 2017. Under his leadership, Aldar has overseen the development of iconic projects like Yas Island and Ferrari World, managing a vast portfolio that includes 69 million square metres of land. In 2023, Aldar Group reported $2.7 billion in revenues and $19.3 billion in assets, reflecting a significant 21% growth. Al Dhiyebi has also been pivotal in strategic acquisitions worth $3.1 billion and advancing sustainable development initiatives. His focus on innovation and excellence continues to position Aldar as the UAE’s largest listed developer.
50. Talal Moafaq Al Gaddah – CEO of MAG Lifestyle Development
Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development, has been a significant force in transforming Dubai’s real estate landscape. Joining the company in 2014, Al Gaddah has overseen projects valued at over $4 billion, with notable developments like the Ritz-Carlton Residences, Dubai, Creekside, and Keturah Reserve, which focus on luxury and well-being. Under his leadership, MAG has expanded its portfolio with 14 completed projects and seven under construction, including the innovative Keturah concept. Sales at Keturah reached $1.45 billion in 2023. Al Gaddah’s strategic vision and commitment to excellence continue to drive MAG’s growth and innovation, cementing its position as a leading developer in the UAE.
The UAE’s real estate sector has seen unprecedented growth and innovation, driven by the leaders featured in this Power List. Their strategic vision, commitment to sustainability, and relentless pursuit of excellence have set new benchmarks in the industry, not only in the Middle East but also globally. As these tycoons continue to push the boundaries of what’s possible in real estate, they are shaping the future of the industry, creating spaces that are not only luxurious and innovative but also sustainable and community-centric. The achievements highlighted in this list are a testament to their influence and a clear indicator of the bright future that lies ahead for the UAE’s real estate market.