Dar Global has appointed David R. Weinreb as Non-Executive Chairman. Weinreb is said to be a seasoned entrepreneur and leader in real estate, and brings an extensive background spanning four decades of experience and innovation to Dar Global. He will build on the company’s strong foundations, focusing on its strategy to expand its portfolio and reach, the firm said in a statement.
Weinreb is known for his leadership as Co-Founder and CEO of The Howard Hughes Corporation, where he led a multi-billion-dollar real estate firm. Under his guidance, The Howard Hughes Corporation’s market cap grew from $500mn to $6bn by the time of his departure in 2019. Weinreb’s success in creating iconic developments such as Downtown Summerlin in Nevada and Ward Village in Honolulu has solidified his reputation as a leader in the sector with the ability to create enduring value in real estate, the statement explained.
As Chairman of Dar Global, Weinreb will guide the company’s vision to expand. His appointment is said to mark a milestone for Dar Global, as it aims to deliver landmark real estate projects that are innovative, sustainable, and designed to meet the evolving needs of modern cities.
Ziad El Chaar, CEO of Dar Global, commented: “We are excited to welcome David as our new Chairman. His experience and track record of driving growth in the sector will undoubtedly accelerate Dar Global’ s next phase of development.”
“I am pleased to join Dar Global at such an exciting time in its growth trajectory. My vision is to leverage Dar Global’ s foundation and take it to new heights, expanding its presence while seeking to ensure that developments not only meet but exceed the expectations of both local and international investors,” stated Weinreb.
“Together, we will focus on delivering exceptional value to our stakeholders by introducing globally influenced design standards and offerings that cater to both first and second home markets, while setting new benchmarks for innovation and excellence in real estate development,” Weinreb added.
Weinreb’s appointment reflects Dar Global’ s dedication to top-tier leadership and driving its vision of becoming a global leader in real estate development. With his expertise and leadership, the company is poised to achieve new milestones in the years ahead.