Amit Jain is the new chief executive officer of EMAAR Properties PJSC’s Dubai business. EMAAR Properties PJSC is United Emirate’s largest publicly traded real estate company. The naming of the new chief executive came as the management shakeup at the EMAAR Properties PJSC.
According to the company statement, Jain is also expected to serve as the chief of the operations officer. A customer relationship department has also been created at Emaar. The department will be headed by Khalid Dalil.
In the recent time, Emaar has been shuffling the top leadership. Currently, many former executives are working at Eagle Hills, the Abu Dhabi-based developer. Mohamed Alabbar, who is the chairman of Emaar, is the head and the board member of Eagle Hills. Other executives who were given new roles are Low Ping, who was the group CEO previously, and Salman Sajid, who was the chief financial officer for many Emaar units formerly.
“Strengthening the Dubai based project management is one of the main strategic directions defined by the new managerial arrangement,” said Alabbar in a statement issued by the company.
According to the statement Noel Madigan will now head the Project Planning and Programming Department and former CEO of Dubai real estate Robert Booth, will continue to work as the advisor to the chairman. A company source said Booth had actually left the job in the middle of 2016.
The Emaar statement also says that Fred Durie will continue to work for Emaar’s joint venture projects in India and Jordan. The former chief of Emaar International, Fred Durie announced in last November that he is leaving Emaar and will be joining Nshama, a private real estate company.
In September Emaar collected US$1.58 billion through an initial public offering from its shopping mall. According to Alabbar, they are also considering to sell shares of their hotels. The world’s tallest skyscraper in Dubai was developed by Emaar.