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Tuesday, March 28, 2006 - Dubai

Dubai Property Group Board of Directors Reelected

General Assembly also voted to add Ismail Abbasi, Group Chairman of Abbasi Group and Majed Kazim, Chairman of Al Kazim Group of Companies to the Board

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Dubai Property Group (DPG), the association of professionals involved in the region’s fastest-growing real estate market in Dubai, held a General Assembly meeting today at the Dubai Chamber of Commerce where DPG members voted to extend the term for the existing Board of Directors for another three years. The General Assembly also voted to add Ismail Abbasi, Group Chairman of Abbasi Group and Majed Kazim, Chairman of Al Kazim Group of Companies to the Board.

DPG’s Board of Directors is made up of Ahmed Almatrooshi, Managing Director of Emaar Properties PJSC, Simon Azzam, Chief Executive Officer of Union Properties, Rory O’Connor, General Manager of ARENCO, Ronald Hinchey Resident Partner of Cluttons, Elaine Jones, CEO of Asteco Property Management and Linda Mahoney, President of Better Homes.

The General Assembly, which was addressed by Ahmed Almatrooshi, DPG’s chairman, on the Association’s current state of affairs as well as its future plans, was attended by over 60 DPG members. Following a question and answer session, the floor was opened for members to voice their opinions and thoughts about the Association’s future course of action.

“The rapid developments in Dubai’s real estate landscape – now more than ever – requires a strong, well represented association to act as a facilitating intermediary between the real estate market and government entities,” said Almatrooshi. “As a member for many years, I believe that DPG is increasingly becoming an essential and well known organization. Along with my colleagues on the Board, I will work to enhance the services and benefits to our members and the real estate industry in general.”

DPG’s brand awareness and market credibility have been enhanced over the past two years through a multitude of real estate related activities, namely the monthly ‘Breakfast Networking’ event, which brought leading industry professionals and projects to light in exclusive presentations to DPG members. Such events saw in-depth presentations, open question and answer sessions and the opportunity to network with Dubai’s leading private and public sector companies that included: Nakheel Properties, Emaar Properties, Al-Tamimi & Company Advocates & Legal Consultants, Dubai Water and Electricity Authority (DEWA), Dubai Logistics City, Dubai Civil Aviation, Dubai Municipality presenting on the Dubai Light Rail Project and the Dubai Master Plan and the Dubai International Financial Exchange (DIFX).

“I am personally very happy with the environment of excitement and enthusiasm within which these elections were took place. I would like to thank the members of the Board for their leadership and dedication look forward to another successful three year term,” said Adel Lootah, Executive Director of DPG. “Since January 2005, our membership numbers have increased from 52 members to 137 members today, or an increase of 163%. This surge in interest reflects DPG’s importance as an organization and we hope to double this figure again this year.”

Independent of favor or influence, DPG represents the combined interests of Dubai’s real estate community. Apart from the on going monthly ‘Awareness and Networking’ events and as a part of its services to improve and grow member benefits and increase their business potential, DPG provides advertising opportunities through its website, newsletters and exclusive agreements with UAE based media, aimed at helping members reach larger and more diverse audiences be they business related or the general public. The Group also regularly puts together training and educational packages and seminars.


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