Dubai Properties Group CEO resigns – report

Abdullatif AlMulla reportedly resigned in late June

Abdullatif AlMulla, the group chief executive of Dubai Properties Group, has resigned from his position, sources have said.

According to a Reuters report, two people familiar with the matter said that the group CEO resigned from his position at the end of June. No reasons were given for his departure.

AlMulla joined the Dubai Properties Group in August 2015. He was previously the chief executive of the TECOM Group, another unit of Dubai Holding, which also owns Dubai Properties Group. Dubai Holding itself is the investment vehicle owned by Dubai’s ruler, Sheikh Mohammed Bin Rashid Al Maktoum.

Earlier this year, Dubai Properties launched the sale of its Bellevue Towers development, which is situated close to the Burj Khalifa. The project, due for completion in 2019, will comprise two towers, each with 23 floors, and a total of 300 units.


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