GCC Real Estate Titans 2019

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Ali Rashid Lootah

Ali Rashid Lootah

Company:

Nakheel

Designation:

Chairman

Leading Nakheel after the economic crisis was no easy task but Ali Rashid Lootah has brought the company back to profitability, with net profits of AED4.38bn for 2018. Its non-development businesses – retail, leasing, hospitality and asset management – all performed strongly and are expected to grow further.

Nakheel’s portfolio includes 19 retail projects, 18 hotels and serviced apartment complexes with 6,600 keys and 24 restaurants in Dubai.