Dubai Properties, a subsidiary of Dubai Holding, is the largest developer in Dubai, known for its transformative projects that have significantly impacted the city's skyline. Over the past 17 years, the company has successfully developed various residential and commercial properties, including Business Bay, Jumeirah Beach Residence (JBR), Dubailand, and Jaddaf Waterfront, offering opportunities for both ownership and investment.
Originally established as Estithmaar Realty in 2002, Dubai Properties became part of the Jumeirah Beach Residence (JBR) project, recognized as the world's largest single-phase residential project. In 2005, it became a structural division of Dubai Holding, a global investment conglomerate operating in 13 countries with assets totaling AED 130 billion (USD 35.5 billion).
Dubai Properties is owned by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, while Khalid Al Malik serves as its CEO. Khalid Al Malik plays a crucial role in shaping Dubai's landscape and overseeing projects for living and investment. He also manages the largest Land Bank in the emirate and handles international investments and negotiations on behalf of Dubai Holding.
The company's mission is to contribute to Dubai's non-oil economy by developing modern infrastructure in sectors such as healthcare, education, science, trade, entertainment, and business. Dubai Properties is known for its innovative projects, including the "living wall," a vertical garden spanning 688 feet long and 19 feet high, which helps offset approximately 4.4 tons of carbon emissions annually.
Dubai Properties has received several prestigious awards, including the Top Brokers Award from Unique Properties for eight consecutive years. It was also recognized as the Best Supporting Entity to the Government Procurement Programme in the Mohammed bin Rashid Award for Young Business Leaders. One of its flagship projects, Jumeirah Central, was named "Future Project 2017," and the company received the "Best Achievement" award for its brokerage performance in 2016.
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