Dubai Holding is a leading investment company in the UAE that operates across ten sectors, including ICT, real estate, hospitality, media, design, manufacturing, education, tourism, SMEs, science, and retail. The company was founded in 2004 by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. Dubai Holding is known for its diverse portfolio of investments, including some of Dubai’s most iconic landmarks.
Some key facts about Dubai Holding are:
- Founded in 2004 by Sheikh Mohammed bin Rashid Al Maktoum
- Operates across ten sectors, including real estate, hospitality, and media
- Owns some of the most iconic landmarks in Dubai, such as the Burj Al Arab and the Dubai Mall
Dubai Holding is committed to driving Dubai’s growth and innovation through its investments and initiatives. The company’s impact can be seen in various sectors, from real estate to tourism, where it has helped to transform Dubai into a global hub for business and leisure. With its diversified portfolio and strong leadership team, Dubai Holding is well-positioned to continue driving Dubai’s growth and prosperity in the years to come.
Corporate Overview
Dubai Holding is a diversified global investment company established in 2004 to lead and consolidate Dubai’s large-scale infrastructure and investment projects. The company is headquartered in Dubai, United Arab Emirates, and operates across ten sectors, including real estate, hospitality, leisure and entertainment, media, and information and communication technology (ICT).
History and Development
Dubai Holding was founded by Sheikh Mohammed bin Rashid, the Vice President and Prime Minister of the UAE and Ruler of Dubai, to drive economic growth and development in the emirate. Since its inception, the company has played a significant role in shaping Dubai’s skyline and economy, with a portfolio of iconic projects that include the Burj Al Arab, Jumeirah Beach Hotel, Dubai Internet City, and Dubai Media City.
Over the years, Dubai Holding has expanded its operations to include key subsidiaries such as TECOM Group, Dubai Properties, Meraas, and Global Investment Company. These subsidiaries have helped the company diversify its investments and expand its reach across multiple sectors, including healthcare, education, and finance.
Key Subsidiaries
Dubai Holding’s key subsidiaries include:
- TECOM Group: A leading provider of business parks, free zones, and industry-specific clusters in Dubai. TECOM Group manages some of Dubai’s most prominent business parks. These include Dubai Internet City, Dubai Media City, and Dubai Knowledge Park.
- Dubai Properties: A leading real estate developer in Dubai with a portfolio of residential, commercial, and mixed-use projects across the city. Dubai Properties has delivered over 30,000 homes and has a pipeline of upcoming projects that will add over 20,000 more units to its portfolio.
- Meraas: A Dubai-based holding company that develops and operates high-end real estate, hospitality, and leisure projects. Meraas is behind some of Dubai’s most popular tourist destinations, including the Dubai Eye, the world’s giant Ferris wheel, and the Dubai Parks and Resorts, a theme park complex with three theme parks and a water park.
- Global Investment Company: A global investment company focusing on large-scale infrastructure, entertainment, and investment projects. Global Investment Company has invested in several high-profile projects in Dubai, including the Dubai Metro and the Dubai International Airport expansion.
Leadership
Dubai Holding is led by CEO Amit Kaushal, who has been with the company since 2004. Under his leadership, Dubai Holding has continued to expand its operations and investments, focusing on driving innovation and sustainable growth. The company’s Chairman is HH Sheikh Ahmed bin Saeed Al Maktoum, who has been at the forefront of Dubai’s economic growth and development journey for over 37 years.
Economic Impact
Contribution to Dubai’s Economy
Dubai Holding has played a significant role in elevating Dubai’s economy. The company’s investments in various sectors have contributed to the growth of the city’s GDP and created job opportunities for its residents. According to the company’s website, Dubai Holding manages over $130 billion in assets and employs over 20,000 people in more than 13 countries worldwide.
Dubai Holding’s focus on sustainability has also contributed to the city’s economic growth. The company’s investments in renewable energy and sustainable infrastructure have helped Dubai reduce its carbon footprint and achieve its sustainability goals.
Diversification and Growth
Dubai Holding has been instrumental in diversifying Dubai’s economy. The company’s involvement in ten sectors, including real estate, financial services, tourism, education, healthcare, and others, has helped reduce the city’s dependence on oil and gas revenues.
The company’s investments in the real estate sector have also contributed to the growth of Dubai’s economy. Dubai Holding’s flagship projects, such as Jumeirah Beach Residence and Business Bay, have helped transform Dubai’s skyline and attract tourists worldwide.
Dubai Holding’s commitment to innovation and sustainability has also helped the city attract foreign investments. The company’s focus on sustainable infrastructure and renewable energy has made Dubai an attractive destination for green investments.
Summary:
- Dubai Holding has contributed significantly to Dubai’s economy through its investments in various sectors.
- The company’s focus on sustainability has helped Dubai achieve its sustainability goals.
- Dubai Holding’s involvement in ten sectors has helped diversify Dubai’s economy and reduce its dependence on oil and gas revenues.
- The company’s investments in the real estate sector have helped transform Dubai’s skyline and attract tourists worldwide.
- Dubai Holding’s focus on innovation and sustainability has made the city an attractive destination for foreign investments.
Strategic Business Sectors
Dubai Holding is a global investment company that has diversified Dubai’s economy by driving support and growth of a sustainable, innovation-led economy in line with the UAE government’s vision. The company has played an instrumental role in developing ten strategic business sectors, including Real Estate, Hospitality, Technology, and Media.
Real Estate and Development
Dubai Holding’s real estate portfolio includes Dubai Parks and Resorts, Dubai Studio City, and Dubai International Academic City. These entities have contributed to developing world-class infrastructure and have been instrumental in attracting foreign investments to Dubai. Dubai Holding’s real estate sector has been a critical driver of economic growth in the region, and the company has continued to invest in this sector to support the UAE’s vision of becoming a global business hub.
Hospitality and Leisure
Dubai Holding’s hospitality and leisure sector includes diverse entities, including Jumeirah Group, Dubai Holding Commercial Operations Group, and Dubai Holding Entertainment. These entities have been instrumental in developing Dubai’s tourism industry, which has been a critical driver of economic growth in the region. Dubai Holding has continued to invest in this sector to support the UAE’s vision of becoming a global tourism destination.
Technology and Media
Dubai Holding’s technology and media sector includes entities such as Dubai Media City, Dubai Internet City, and TECOM Group. These entities have been instrumental in developing Dubai’s technology and media industry, which has been a critical driver of economic growth in the region. Dubai Holding has continued to invest in this sector to support the UAE’s vision of becoming a global technology and media hub.
- Dubai Holding has diversified Dubai’s economy by driving support and growth of a sustainable, innovation-led economy in line with the UAE government’s vision.
- Dubai Holding’s real estate portfolio includes Dubai Parks and Resorts, Dubai Studio City, and Dubai International Academic City.
- Dubai Holding’s hospitality and leisure sector includes diverse entities, including Jumeirah Group, Dubai Holding Commercial Operations Group, and Dubai Holding Entertainment.
- Dubai Holding’s technology and media sector includes entities such as Dubai Media City, Dubai Internet City, and TECOM Group.
Sustainability and Innovation
Dubai Holding is committed to promoting sustainable practices and innovation in all its operations. The company recognizes the importance of reducing its environmental impact and constantly seeks new ways to achieve this goal. In this section, we will explore some of the sustainable practices and technological advancements that Dubai Holding has implemented to promote sustainability and innovation.
Sustainable Practices
Dubai Holding has taken several steps to promote sustainable practices in its operations. Some of these practices include:
- Reducing energy consumption: Dubai Holding has implemented energy-efficient measures in its buildings, such as LED lighting and solar panels.
- Water conservation: The company has implemented water-saving measures, such as using recycled water for irrigation and installing low-flow fixtures in its buildings.
- Waste reduction: Dubai Holding has implemented waste reduction measures, such as recycling programs and reducing paper usage.
- Sustainable transportation: The company encourages sustainable transportation, such as electric vehicles and public transit.
Technological Advancements
Dubai Holding is constantly seeking new technological advancements to promote sustainability and innovation. Some of these advancements include:
- Smart Building Technology: Dubai Holding uses intelligent building technology to optimize energy usage and reduce waste.
- Renewable Energy: The company invests in renewable energy sources like solar and wind power.
- Sustainable Materials: Dubai Holding uses sustainable materials in its buildings, such as recycled steel and eco-friendly insulation.
- Education and Science: The company invests in education and science to promote sustainability and innovation. It partners with universities and research institutions to develop new technologies and promote sustainable practices.
Dubai Holding’s commitment to sustainability and innovation is evident in its operations. The company is working towards a more sustainable future by implementing sustainable practices and investing in new technologies.
Investments and Partnerships
Dubai Holding has a diversified portfolio of investments and partnerships, enabling the company to expand its reach globally. These partnerships have also helped Dubai Holding to capitalize on untapped opportunities in the region and beyond.
Asset Management
Dubai Holding’s asset management division oversees the company’s investments in various sectors. That includes commodities and mining, power and energy, and industrial sectors. The company’s investment arm, Dubal Holding LLC, recorded a net profit of Dh1.79 billion in 2023. That reflects the success of its asset management strategy.
Dubai Holding partnered with Brookfield Asset Management, a global asset management company, to launch a $1 billion real estate investment fund. The fund will focus on investing in prime real estate assets in Dubai, leveraging the expertise of both companies to generate returns for investors.
Global Partnerships
Dubai Holding has partnered with several global companies, including UBS, to expand its reach and leverage its expertise. In 2022, Dubai Holding entered into a strategic partnership with Aldar Properties. Al Dar is a leading Abu Dhabi real estate developer, investor, and manager to develop exciting new living experiences across prime locations in the UAE.
Dubai Holding has also partnered with Emaar Properties PJSC, a Dubai-based developer, to launch a joint venture to develop a new urban district in Dubai. The Dubai Creek Harbour project is expected to become a new landmark in the city and feature residential, commercial, and retail spaces.
In addition, Dubai Holding has partnered with Empower, a Dubai-based district cooling company, to develop the world’s largest district cooling plant in Dubai. The plant will have a capacity of 350,000 refrigeration tons and will help meet the city’s growing demand for district cooling.
- Dubai Holding has a diversified portfolio of investments and partnerships, enabling the company to expand its reach globally.
- The company’s asset management division oversees its investments in various sectors. That includes commodities and mining, power and energy, and industrial sectors.
- Dubai Holding has partnered with Brookfield Asset Management to launch a $1 billion real estate investment fund.
- Dubai Holding has partnered with several global companies, including UBS, to expand its reach and leverage its expertise.
- Dubai Holding has partnered with Emaar Properties PJSC to develop a new Dubai Creek Harbor urban district in Dubai.
- Dubai Holding has partnered with Empower to develop Dubai’s world’s largest district cooling plant.
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Frequently Asked Questions
Who Currently Owns Dubai Holding?
Dubai Holding is a diversified global investment company, and the Government of Dubai wholly owns it.
What Are the Primary Services of Dubai Holding Group?
Dubai Holding operates in various sectors, including real estate, hospitality, entertainment, and investments. The primary services offered by the group include property development, asset management, and investment management.
Where Is the Head Office of Dubai Holding Located?
Dubai Holding’s head office is located in Dubai, United Arab Emirates.
How Can One Pursue a Career with Dubai Holding Group?
Dubai Holding is a large organization that employs over 20,000 people in 13 countries. The company offers various career opportunities in different sectors. Interested candidates can apply for job openings on the company’s website or through recruitment agencies.
What are the main business sectors in which Dubai Holding is involved?
Dubai Holding is in various business sectors, including real estate, hospitality, entertainment, and investments. The company has a diversified portfolio of assets. It operates through its subsidiaries, including Jumeirah Group, Dubai Properties, and TECOM Group.
What Is the Estimated Net Worth of Dubai Holding?
Dubai Holding is a privately held company whose net worth is not public. However, the company is famous for being one of the top real estate companies in Dubai and the Middle East. Giving it a significant presence in various sectors.
- Dubai Holding is wholly owned by the Government of Dubai
- Primary services offered include property development, asset management, and investment management
- The head office is located in Dubai, United Arab Emirates
- Career opportunities is on the company’s website or through recruitment agencies
- Business sectors include real estate, hospitality, entertainment, and investments
- Estimated net worth is not public.