We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sat 24 Jan 2015 09:52 AM

Font Size

- Aa +

Ex-Damac senior exec to head new UAE real estate firm

Nahid Dabirchian to lead Omega Real Estate which aims to build $136m property portfolio by end-2015

Ex-Damac senior exec to head new UAE real estate firm

A new real estate company has been launched in the UAE, with plans to build a property portfolio of AED500 million ($136 million) by the end of this year.

The H Holding Enterprise said it aimed to take advantage of the bouyant real estate market in the UAE by launching Omega Real Estate, which will specialise in real estate development, asset management and related services in the Middle East.

Hafeez Abdullah, chairman of The H Holding Enterprise, said: "We strongly believe that real estate will remain the hottest investment in the UAE for the coming decade, and that is why we decided to invest in this new venture.

"Real estate is widely regarded as a sound investment, especially by people with easy liquidity. We foresee increased regional demand for UAE realty as the understanding and knowledge attained over years by investors go hand in hand with the expertise of the real estate developers and the regulatory measures of the Dubai Land Department."

He announced the appointment of former Damac Properties executive Nahid Dabirchian as general manager of Omega Real Estate.

He said: "We welcome Nahid on board and we believe that her strong background as a senior professional at leading UAE real estate companies will be a key factor in helping us achieve our goal."

Dabirchian added: "I am very pleased to head Omega Real Estate in the Middle East. I believe there is huge potential for the company to take a front seat in the property industry in the region."

Dabirchian held senior positions as a planner for strategic policies and sales and marketing management, including as director of sales at Damac Holding.

Arabian Business: why we're going behind a paywall

For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.