GCC Real Estate Titans 2019

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Yahya Alkan

Yahya Alkan


World of Wonders Real Estate Development (WOW RED)



As CEO of World of Wonders Real Estate Development (WOW RED) and UAE general manager for MAPA & Gunal Construction, Yahya Alkan has overseen a host of prestigious and innovative developments across the UAE and the region.

A highly experienced industry professional with an extensive network of contacts throughout the healthcare, hospitality and real estate sectors, Alkan has worked in the UAE since 2008, when he took on the role of UAE general manager for the prominent MAPA & Gunal Construction, which has operations all over the region.

A graduate of Istanbul Technical University’s acclaimed Faculty of Architecture, Alkan was appointed as CEO of WOW RED in 2015.

Alkan counts the launch of SLS Dubai Hotel & Residences in 2019 and the completion of the iconic Dubai Canal Sheikh Zayed Road Bridge in 2017 among some of his proudest achievements so far in the emirates.

The first flagship SLS property in the region, SLS Dubai Hotel & Residences in Downtown Dubai is currently over 70 percent complete and on target to meet its Q3 2020 handover target.

With the expected impact of Expo 2020 Dubai and the positive effect and acceleration it will have on Dubai’s real estate market, Alkan is leading WOW RED in establishing new opportunities and groundbreaking projects that will add yet more value to the city’s property landscape. 

Having spent almost 30 years working across the real estate, construction and development industries, Alkan is well placed to guide WOW RED to continued success.

A privately-owned developer of integrated communities around the world, WOW RED aims to be the pre-eminent choice for investors, operating brands and home buyers alike.

Alkan has helped WOW RED to successfully bring its longstanding experience as a leading global hospitality developer to the region.

Its foundation and track record of delivering prominent projects will act as the cornerstone of the company’s and Alkan’s ongoing strategy to deliver outstanding mixed-use projects in the GCC and beyond. By dedicating time to his high-level positions, Alkan is ideally positioned to play a key role in the growth and development of the real estate industry in Dubai and the wider region and assist the sector as it continues to mature and expand year on year.

MAPA & Gunal Construction is a highly renowned holding company that operates under the umbrella of the MNG Group of Companies. MNG Group has assets of more than $3bn, has successfully executed more than 200 projects worth over $20bn and employs in excess of 22,500 people. Over 42 years it has delivered major projects across four continents in key sectors such as construction, energy, cargo, tourism, media and mining.