The H Holding Enterprise launches Omega Real Estate
New company to create a real estate portfolio of AED 500 million by end of 2015
Dubai, UAE, 18 January 2015: ‘The H Holding Enterprise’ has launched Omega Real Estate, a company specialised in real-estate development, asset management and related services in the Middle East.
Unveiling the new company, Hafeez Abdullah, Chairman of ‘The H Holding Enterprise’, said Omega Real Estate is targeting to establish a real estate portfolio of AED 500 million by end of 2015.
He added: “We strongly believe that real estate will remain the hottest investment in the UAE for the coming decade, and that is why we decided to invest in this new venture. Real estate is widely regarded as a sound investment, especially by people with easy liquidity. We foresee increased regional demand for UAE realty as the understanding and knowledge attained over years by investors go hand in hand with the expertise of the real estate developers and the regulatory measures of the Dubai Land Department (DLD).”
Regional and international investments are the key drivers of the UAE real estate industry, aided by the maturity of the market, and all this will contribute to further growth of the sector, according to Abdullah.
Announcing the appointment of Nahid Dabirchian as General Manager of Omega Real Estate, Abdullah said: “We welcome Nahid on board and we believe that her strong background as a senior professional at leading UAE real estate companies will be a key factor in helping us achieve our goal of becoming one of the leading real estate companies in the Arab world and beyond, driven by the proven expertise of ‘The H Holding Enterprise’.
Dabirchian commented: “I am very pleased to head Omega Real Estate in the Middle East. I believe there is huge potential for the company to take a front seat in the property industry in the region. We have tremendous experience from the top of the pyramid represented by the experience of our chairman, Mr Hafeez Abdullah, to the bottom. This combined expertise and experience will certainly drive the company forward at a rapid pace.”
She added: “2014 was a positive year for the realty market in the UAE in general and Dubai in particular. The sector has generated higher demand for properties across many new locations. We know for sure that our investors have strong belief in what the UAE has to offer in the coming decade as far as real estate in concerned.”
Dabirchian aims to create a dynamic and progressive sales section at Omega Real Estate by utilizing the extensive expertise and experience of the Omega Real Estate team.
She held many senior positions as a planner for strategic policies and sales & marketing management, including as Director of Sales (Real-Estate Development) at DAMAC Holding.