Real estate plays a vital role in the UAE, impacting the nation’s economy, society, and culture. The sector’s significance extends beyond mere economic growth, influencing job creation, community development, and cultural identity.
Real Estate: A Key Driver of Economic Growth
The UAE’s real estate sector is a significant contributor to the nation’s economic growth and diversification. Historically, the UAE relied heavily on oil revenues, but strategic diversification efforts have led to real estate emerging as a major economic driver. The sector attracts substantial foreign direct investment (FDI), stimulating related industries such as construction, finance, and tourism.
Job Creation and Employment Opportunities
Real estate development in the UAE creates a ripple effect of employment opportunities, not only in the construction sector but also in related fields like architecture, engineering, and urban planning. This employment boom extends to sectors such as retail, hospitality, and services, further bolstering economic stability and prosperity.
Shaping the Social Fabric
The UAE’s rapid urbanization has led to the creation of vibrant communities, complete with residential complexes, shopping malls, recreational facilities, and educational institutions. These developments cater to the diverse needs of residents, fostering a high standard of living and a sense of community among the multicultural population.
A Reflection of Cultural Identity
UAE real estate projects reflect the nation’s ambition to blend modernity with tradition. Architectural marvels such as the Burj Khalifa and The Palm Jumeirah showcase technological prowess while paying homage to Arabic design principles and cultural heritage. These landmarks serve as global icons, attracting tourists and investors alike while promoting the UAE’s cultural identity on the world stage.
Investor Magnet
The UAE’s real estate sector is a magnet for global investors seeking lucrative opportunities. Favourable regulatory frameworks, tax incentives, and investor-friendly policies have positioned the UAE as a hub for property investment in the Middle East. International buyers are drawn to luxury properties, residential developments, and commercial spaces, contributing to the country’s reputation as a global financial centre and a hub for business and commerce.
In conclusion, the UAE’s real estate sector is a cornerstone of growth and development, driving economic progress, job creation, and shaping the social fabric and cultural identity of the nation. As the Emirates continue to diversify its economy and expand its infrastructure, the importance of real estate remains undisputed.
Real Estate Legends 2024
Real Estate Legends 2024 Index
- Ben Bandari
- Honey Deylami
- Riad Gohar
- Conor McKay
- Anthony Abou Jaoude
- Rasha Ibrahim
- Kianoush Darban
- Barnaby Crompton
- Sarah Serhan
- Chris Boswell
- Sam Horani
- Charlie King
- Andrew Cummings
- Fabricio Saltini
- Ezio D’Ercole
- Joelle Raad
- Fabio Lombardi
- Fakhreddin Minooeifar
- Philip Zarif
- Farooq Syed
- Mohammed Fares
- Qurat Ul Ain
- Soufie Jnidee
- Lina Allaoa
- Leigh Borg
UAE Real Estate Legends
Ben Bandari
Rank: 01
Designation: Founder
Company: Ben & Core Real Estate
Ben Bandari’s journey in real estate is marked by resilience and entrepreneurial spirit. With over two decades of experience and sales exceeding AED22bn, he has a proven track record, including over AED3bn in sales within a year for projects like Palazzo Versace condominiums and D1 Tower. In February 2020, he founded Ben & Core Real Estate, navigating through the challenges of the Covid-19 pandemic. Bandari’s educational background includes an MBA and strong marketing expertise. Currently, he serves as a sales and marketing consultant for R.Evolution real estate, making the EYWA project a significant market presence. Known for his honesty, integrity, and extensive industry experience, he has become a trusted advisor for high-net-worth individuals, politicians, celebrities, and heads of state. Bandari is also a star and executive producer of the Emmy-nominated show Million Dollar Listing UAE, showcasing his influence in the industry.
Honey Deylami
Rank: 02
Designation: Executive Partner
Company: Dubai Sotheby’s International Realty
Honey Deylami, an executive partner at Dubai Sotheby’s International Realty, has a stellar career spanning over 19 years. She joined Dubai Sotheby’s International Realty soon after their inception in the UAE, consistently reigning as the top broker. Deylami has orchestrated record-breaking deals in Dubai’s luxury market, handling properties valued at AED30m and above. Her expertise and strategic insights make her an invaluable investment adviser. With a career total of over AED20bn in transactions, she specializes in ultra-luxury properties, including opulent mansions, mega penthouses, and branded residences in prime locations such as Palm Jumeirah and Dubai Hills.
Riad Gohar
Rank: 03
Designation: CEO
Company: BlackOak Real Estate
Riad Gohar’s career trajectory includes transitions from acting to pharmaceuticals and eventually real estate entrepreneurship. He co-founded a boutique agency specializing in large ticket off-plan sales in Dubai in 2006. After the 2008 financial crisis, he restructured the company under the Fine & Country franchise, focusing on luxury villa sales. Gohar also launched the development arm of the SLS hotel brand, achieving AED600m in sales in the first year. Co-founding BlackOak Real Estate, he focuses on exclusive projects and high-end luxury assets. Gohar also starred in Million Dollar Listing UAE, significantly boosting his popularity.
Conor McKay
Rank: 04
Designation: Broker
Company: Bellview Real Estate
Conor McKay, originating from Ireland, is renowned for orchestrating high-end luxury property transactions in Dubai. In 2022, he clinched Dubai’s most expensive property sale and recorded AED1.12bn in transactions. McKay has been recognized among the UAE’s top 10 agents by PropertyFinder and achieved record-breaking villa sales in the first quarter of 2024. Starting his career at 17, McKay’s journey in real estate has been marked by perseverance and significant achievements.
Anthony Abou Jaoude
Rank: 05
Designation: CEO
Company: Primestay
Anthony Abou Jaoude, a real estate investor and broker, is the CEO of Primestay and an associate partner at Provident Real Estate. With a background in advertising, marketing, and psychology, he established his own company, MRE961, in Lebanon before moving to Dubai in 2014. Despite initial challenges, Abou Jaoude’s passion and commitment have made him a prominent figure in off-plan investment. He has mentored over 300 individuals and hosts the Dubai Stars podcast, sharing insights into the real estate industry.
Rasha Ibrahim
Rank: 06
Designation: Senior Sales Manager
Company: Metropolitan Premium Properties
Rasha Ibrahim, educated in France and a native Arabic speaker from Egypt, has carved a path in luxury real estate. Her career began in translation and luxury hotels, leading to a managerial position with the presidential airline of the Al Nahyan royal family. In 2014, she pursued real estate seriously, joining Meraas / Dubai Holding and later Metropolitan. Ibrahim is known for her integrity and exceptional sales performance, including AED500m in Bulgari Island sales.
Kianoush Darban
Rank: 07
Designation: Associate Partner
Company: Driven Properties
Kianoush Darban, a luxury real estate agent and investor, is recognized for achieving numerous records in Dubai’s real estate market. Starting his career in the UK, he moved to Dubai in 2012. Darban has been awarded the top luxury real estate broker in the UAE by Property Finder and has sold the most expensive properties, including the highest price per square foot in Dubai’s history.
Barnaby Crompton
Rank: 08
Designation: Founder
Company: Crompton Saltini
Barnaby Crompton has been involved in the British and Dubai real estate industry for 24 years. In 2012, he launched Crompton Partners Estate Agents in Abu Dhabi, and later Crompton Saltini Real Estate in Dubai. Crompton handled the most expensive property sold in Emirates Hills, the XLV Residence, and believes in the rise of super prime realtors in the UAE.
Sarah Serhan
Rank: 09
Designation: Associate Partner
Company: Ben & Core Real Estate
Sarah Serhan, originally from New Zealand, has become a significant figure in Dubai’s luxury real estate market. Specializing in high-end villas and plots, she joined Ben & Core Real Estate in 2024 and quickly became an associate partner. Serhan’s success is attributed to her perseverance, hard work, and strong support system.
Chris Boswell
Rank: 10
Designation: Consultant
Company: Edwards and Towers
Chris Boswell has facilitated billions in high-end sales since starting his real estate career in 2006. Known for setting records in the Dubai luxury market, he has sold the highest priced Palm Signature Villas and achieved landmark sales globally. Boswell’s dedication and unparalleled track record make him a trusted leader in real estate.
Sam Horani
Rank: 11
Designation: Associate Partner
Company: Provident Real Estate
Sam Horani pulled off the AED500m deal for a five-bedroom penthouse in Como Residences, the most expensive property sold in the penthouse category. Starting in retail sales, he transitioned to real estate in 2017. Horani’s approach focuses on building long-term relationships with investors and achieving remarkable deals.
Charlie King
Rank: 12
Designation: Partner
Company: Allsopp & Allsopp’s Private Office
Charlie King is a record-breaking real estate professional with over 12 years of experience. As a partner at Allsopp & Allsopp’s Private Office, he focuses on selling ultra-luxury properties to high-net-worth clients. King’s vision is to build a specialized team offering exceptional services to discerning clients.
Andrew Cummings
Rank: 13
Designation: Head of Residential, ME
Company: Savills
Andrew Cummings is a reputable broker with a background in government advisory services. He has sold over AED1bn in residential real estate and holds records for high-value sales. Joining Savills in January 2024, Cummings aims to expand the residential business across the Middle East.
Fabricio Saltini
Rank: 14
Designation: Founder
Company: Crompton Saltini Real Estate
Fabricio Saltini has dedicated 13 years to high-end real estate, specializing in Emirates Hills, Jumeirah Bay, and Palm Jumeirah. Known for his integrity and innovative approach, Saltini advises clients on market trends and investment strategies. His reputation is built on knowledge, transparency, and exceptional service.
Ezio D’Ercole
Rank: 15
Designation: Manager
Company: Morgan’s International Realty
Ezio D’Ercole’s career spans from Mallorca to Dubai, prioritizing honesty and integrity in luxury real estate. He has achieved significant success in Dubai, particularly in the Al Maktoum International Airport expansion area, and remains committed to delivering exceptional service and value to clients.
Joelle Raad
Rank: 16
Designation: Associate Director
Company: Dubai Sotheby’s International Realty
Joelle Raad, born in Dubai, specializes in off-plan and resale of luxury properties. Her client-focused approach and expertise have earned her trust and credibility. Raad continuously trains to deepen her industry knowledge, making her a trusted advisor in the luxury property market.
Fabio Lombardi
Rank: 17
Designation: Private Office Advisor
Company: Engel & Völkers Private Office
Fabio Lombardi, with a Master’s in Economy of Tourism from Bocconi University, has a diverse career spanning England, Switzerland, and Dubai. Since joining BetterHomes in 2009, Lombardi has focused on providing high-standard customer service and sales expertise, making a significant impact in Dubai’s real estate market.
Fakhreddin Minooeifar
Rank: 18
Designation: Founder and Chairman
Company: Mallorca Properties
Fakhreddin Minooeifar, founder and chairman of Mallorca Properties, has been instrumental in completing Dubai’s biggest residential land deal. His expertise in large volume deals and innovative approach has driven significant success, with transactions exceeding AED20bn.
Philip Zarif
Rank: 19
Designation: Consultant
Company: Morgan’s International Realty
Philip Zarif transitioned from luxury furniture sales in Lebanon to real estate in Dubai in 2022. Specializing in the Al Barari community, Zarif’s passion for fitness and sports instills a strong work ethic and attention to detail, ensuring a comprehensive real estate consulting approach.
Farooq Syed
Rank: 20
Designation: CEO
Company: Springfield Properties
Farooq Syed, CEO of Springfield Properties, is celebrated for his leadership and business acumen. Under his guidance, Springfield Properties has become a leading name in Dubai’s real estate market. Syed shares valuable insights through his YouTube channel, educating potential investors and buyers.
Mohammed Fares
Rank: 21
Designation: Private Office Advisor
Company: Engel & Völkers Private Office
Mohammed Fares has been offering specialized real estate services since 2004. As the first Private Office Advisor at Engel & Völkers Dubai, he helps international investors build property portfolios. Fares’s commitment to exceptional service and transparency has earned him trust and success in the market.
Qurat Ul Ain
Rank: 22
Designation: Founder and Chairperson
Company: DRE Homes Real Estate
Qurat Ul Ain co-founded DRE Homes Real Estate in 2007. With a background in selling privilege cards and a strong educational foundation, she has built a successful real estate company. Ul Ain is passionate about nurturing entrepreneurs and delivering unparalleled real estate services.
Soufie Jnidee
Rank: 23
Designation: Founder and CEO
Company: Golden Oak Properties
Soufie Jnidee, founder and CEO of Golden Oak Properties, specializes in asset flipping and has achieved significant success in property investment. With extensive global experience, Jnidee has consistently delivered lucrative outcomes for investors, making a significant impact in Dubai’s real estate market.
Lina Allaoa
Rank: 24
Designation: Associate Partner
Company: Driven Properties
Lina Allaoa, an associate partner at Driven Properties, has sold over AED2bn worth of property, including the most expensive townhouse in the UAE. Her expertise in luxury real estate and dedication to client satisfaction have established her as a leading figure in the market.
Leigh Borg
Rank: 25
Designation: Executive Partner
Company: Dubai Sotheby’s International Realty
Leigh Borg, specializing in Emirates Hills, has sold over 100 villas in the community, including record-breaking sales. As an executive partner at Dubai Sotheby’s International Realty, Borg is known for his strengths in closing, negotiating, and delivering exceptional client experiences.
JobXDubai 
Leave a comment