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عربي

Dubai Properties Group

  
Also known as: DPG
 
 
 
 
 
 
 
 
 
Updated: May 30, 2011
 
 
 
Country

UAE

Ownership Type
Company Type
Limited Liability
 
 
 
 
Formerly Known As 
Estithmaar Realty, Dubai Properties until March 2008
Principal Activities
Real estate property investment, development and management; ownership and operation of hotels, resorts, mixed used urban communities; ownership and management of shopping malls and furnished apartments; provides real estate market research studies, consultancy, brokerage, auctioning, landscaping, event organizing and security services.
 
Date of Establishment Year
2004
 
No of Employees
1,500 Company, N/A Group (As of May 26, 2011)
 
Important/Recent Developments
Sama Dubai merged into Dubai Properties Group as of August, 2009.
 
 
Contact Details
Address:
Dubai Properties Building
Al Soufouh Street
Dubai Internet City
P.O. Box 500272
Dubai 
United Arab Emirates
 
Tel:
+971 4-435-2117
+971 4-391-1114
+971 4-360-2006
 
Fax:
+971 4-390-4640
+971 4-435-3003
 
Email:
info@dubaipropertiesgroup.ae
 
Website:
www.dubaipropertiesgroup.ae
 
Related Links:
www.arabianranchesdubai.net
www.dubai-culturevillage.com
www.mohammed-bin-rashid-gardens.com
www.dubaitowers-doha.com
www.theexecutivetowers.com

 
 
 IPO Details
Subscription
Period:
2010
 
 
 M&A Details
 
Merger
 
Status
Cancelled
 
Companies
 
Announcement Date
09 Dec 2009
 
Closing Date
09 Dec 2009
 
 
 Business Overview
Dubai Properties Group (DPG) is a real estate property investment, development and management company involved in the development of shopping malls, hotels and retail facilities as well as employee training and security services.

With 23 projects in its portfolio, as of mid 2010, DPG’s flagship is Culture Village, a 3.72 million sq. m (40 million sq. ft.) mixed-use development, which it began developing in 2007 for a value of AED50 billion (USD13.6 billion). When completed in 2012, Culture Village would consist of residential, commercial and retail zones with hospitality and entertainment sub-districts with traditional wind towers, restaurants and cafés, a maritime museum, along with waterways, bridges and souks to host cultural festivals and exhibition halls.

Business Bay is an AED110 billion (USD30 billion) mixed-use community that DPG began developing in 2008, on a 6 million sq. m (64.5 million sq. ft.) plot. Once completed in 2015, it would include the Executive Towers zone, comprised of 10 residential towers, one commercial tower and a hotel. Another zone, Bay Avenue would feature a retail space, cafés and restaurants, in addition landscaped plazas, children’s play areas and sporting facilities. The Bay Square zone, a mixed-use community would feature a pedestrian-only zone, walkways over canals, a central plaza and a gym.
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Dubai Holding Commercial Operations Group  Corporate UAE 100.00% 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Dubai Retail UAE 100.00%
EJADAH Asset Management Group UAE 100.00%
Salwan Property Management UAE 100.00%
Sama Dubai UAE 100.00%
Tatweer UAE 100.00%
Dubai Festival City UAE 30.00%
Dubai Hospitality UAE -
Dubai Properties UAE -
Investment Properties
Name  Country  Holding 
Al Khail Gate UAE -
Al Quoz Accomodation UAE -
Al Razi Residence [in Dubai Healthcare City] UAE -
Al Waha Villas [in Dubailand] UAE -
Arabian Ranches UAE -
Cordoba Residence [in Dubai Knowledge Village] UAE -
Ghoroob Mirdiff UAE -
Jumeirah Beach Residence UAE -
Layan Community [in Dubailand] UAE -
Nuzol Accomodation UAE -
Office Park 1 and 2 [in Dubai Internet City] UAE -
Shorooq Mirdiff UAE -
The Executive Towers [in Business Bay] UAE -
Developments and Projects
Name  Country  Holding 
Al Bawadi Hotels UAE -
Al Khor Hotel and Residences UAE -
Bay Avenue [in Business Bay] UAE -
Beach Club [in Jumeirah Beach Residence] UAE -
Business Bay UAE -
Casablanca Morocco -
Century City Tunisia -
Culture Village UAE -
Dubai Towers - Doha [on Hold] Qatar -
Dubai Towers - Jeddah [on Hold] Saudi Arabia -
Mohammed Bin Rashid Gardens UAE -
Mudon [in Dubailand] UAE -
Remraam [in Dubailand] UAE -
The Lagoons UAE -
The Villa [in Dubailand] UAE -
Tiger Woods Golf Course [on Hold] UAE -