Dubai Properties confirms new group CEO's appointment
Abdulla Lahej is said to have stepped down as the group chief executive officer of Dubai Properties, with North 25's Raed Al Nuaimi reportedly named his replacement
Dubai Properties is said to have appointed a new group chief executive officer (CEO).
Abdulla Lahej (pictured) has resigned as Dubai Properties' group CEO, and will be replaced by Raed Al Nuaimi from North 25.
North 25 is reportedly a new entity that will lead Dubai Holding's projects, among others.
Lahej joined Dubai Properties in July 2016, after a stint as CEO of Emaar Properties.
Commenting on Lahej's resignation, a spokesperson from Dubai Properties said: "Abdulla Lahej, group CEO of Dubai Properties, has decided to leave the company, and Raed Al Nuaimi, joining from North 25, will take on Abdulla's role.
"We would like to thank Abdulla for all his efforts with Dubai Properties," the spokesperson added, according to Arabian Business.
In December 2017, Arabtec Holding announced that its subsidiary had been awarded contracts to work on Dubai Properties' Villanova project.
The contract awarded to Arabtec Construction, worth $279m (AED1.02bn), covered the project's Amaranta and La Quinta phases, and included the construction of villas and townhouses.
Emirates Falcon Electromechanical Co (EFECO), a wholly owned subsidiary of Arabtec Holding, will deliver mechanical, electrical, and plumbing (MEP) services for the project.
Project works were expected to commence immediately, with completion set within a 28-month period, Arabtec revealed in a missive issued to the Dubai bourse on 28 December, 2017.