Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Marwan Bin Ghalaita
269

Marwan Bin Ghalaita

Industry: Property

Company: RERA

Designation: CEO

Country: UAE

As the CEO of one of Dubai’s most important regulatory bodies, RERA, Marwan Bin Ghalaita literally has thousands of investors hanging on his every word.

RERA has found itself at the centre of several real estate disputes over the last few years, from Nakheel’s decision to ban several hundred residents from using its beaches on the Palm Jumeirah due to unpaid service charges, to delayed real estate projects. But he has continued to plough on with introducing new initiatives including rental price bands for each area of Dubai. Given that property prices in the emirate are starting to show signs of recovery, Bin Ghalaita is expected to face a few busy years ahead ensuring that prices are not driven up by speculators from across the Arab world and beyond.

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