DPG gives Dubai Properties broader responsibilities
Dubai Properties Group, the property development arm of Dubai Holding, has made the transition to a holding company structure, paving the way for its subsidiary, Dubai Properties, to have an upgraded operational role, Gulf Times has reported. Under the new remit, Dubai Properties will be responsible for all of the group’s new developments, as well as handle sales and handover. The firm will also have access to in-house structural, engineering and business development divisions. “We made a strategic and logical decision to re-focus Dubai Properties’ (DP) remit to become a dedicated development company – this will increase our competitiveness in the market; facilitating quicker and more focused delivery for new projects,” said Group CEO, Khalid Al Malek.