GCC Real Estate Titans 2019

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Faris Saeed

Faris Saeed

Company:

Diamond Developers

Designation:

CEO and co-founder

Faris Saeed is the CEO and co-founder of Diamond Developers, a position from which he has been a driving force in pioneering sustainable real estate developments in the region.

Since establishing the company in 2003, Saeed has led Diamond Developers in the conceptualisation and delivery of an impressive portfolio of premium developments, which have since become landmarks of the city.

Diamond Developers is developing the $354m Sustainable City. Its first phase includes 11 biodome greenhouses running the length of the central green spine, 3,000 sq m of urban farming and a 15,000 sq m mixed-use area including offices and retail.

Today, the project comprises 500 homes with solar roof panels and 100 percent recycled sewage system. The community also boasts an electric bus service and a 3,000 sq m organic farm.

“I’ve lived in Dubai for over 20 years and always dreamed of raising my family in a community that embodies sustainability and green living. Rather than seek it around the world, I chose to create it in the city I call home. I visited sustainable models in Japan, Denmark and California to learn from the best of each. The Sustainable City is a result of that and a lesson in staying true to what you believe in,” he told ITP Media Group title CEO Middle East in a recent interview.

He said that in the next five years, he hopes to see sustainable cities all over the UAE, the region and the world.