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Man on a mission
But while he has chosen to dedicate his business to luxury developments, Galadari is not a man who believes in excess, preferring to take a measured approach to his business both when it comes to the direction he takes it in and the money he makes.
"I like to do things one step at a time and I don't want to confuse anyone or myself. There has to be some sort of discipline put into what you are doing. When I started the company I could have just released anything and everything in terms of property.
"And the reason I said I want to go into something that's luxury orientated was because I enjoyed doing that and seeing what we can do in terms of future prospects and partnerships that I can be involved in."
Galadari says that he believes that Dubai's real estate sector is evolving into a buyer's market where increased choice has made buyers more discerning over where they invest their money, creating the need for developers to focus more on the quality and unique selling points of their properties.
"What's happening now is that people are becoming more choosy. You don't just put anything out on the market and it's automatically going to sell. You're not just looking at it as a concrete commodity anymore. People are looking at it as a building where they will live and the quality has to be of a certain standard. For us it's very simple. We're not in the hit and run business. Our properties will speak for themselves."
He says he is concerned by rising property prices in the UAE, claiming that in many cases costs are spiralling out of control.
"There has to be that discipline and what's happening here is there's often no logic involved in the rents going up and prices increasing."
"And this doesn't just apply in the development or sales or rents side of things. This applies to construction as well. Construction prices are increasing so much it's insane. So you can't blame the developers for trying to increase their prices as well," he goes on to say.
However despite his concerns over inflation in the property market, he says he is confident that Dubai's property boom will not be affected by the fall out from the US sub-prime mortgage crisis that is casting such a shadow over the European and US property markets.
"What's funny about Dubai is that whenever there's an issue abroad, such as the credit crunch or terrorism, Dubai always somehow prospers from everything. Everyone always comes over here. It's always been that nexus or safe haven which people want to continue investing in," he says.
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