TOP 10
REAL ESTATE PUNTERS 2024
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TOP TOP10 10REAL REALESTATE ESTATEPUNTERS PUNTERS 2024
TOP 10
REAL ESTATE PUNTERS 2024
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The world of real estate has always been a game of vision and strategy, but in recent years, it has become a playground for innovators who think far beyond bricks and mortar. In an industry traditionally defined by location and market cycles, the modern-day real estate leaders—Our Punters are rewriting the rules. They are the trailblazers who anticipate trends before they emerge, the strategists who see potential where others see risk, and the disruptors who are shaping the future of how we live, work, and invest. As we unveil the Top 10 Real Estate Punters of 2024, now in its second edition, we celebrate the individuals who didn’t just ride the wave of change, they created it. These are the visionaries who have turned sustainability into a competitive edge, harnessed
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technology to redefine property transactions, and reimagined urban spaces to meet the demands of a rapidly evolving world. 2024 was a year that tested even the most seasoned players in real estate. Global economic shifts, rising interest rates, and growing calls for sustainability forced the industry to adapt like never before. Yet, these punters thrived in uncertainty. They seized opportunities in emerging markets, championed green building initiatives, and leveraged PropTech innovations to stay ahead of the curve. This year’s list is more than a celebration of success—it’s a showcase of resilience, foresight, and impact. From developers creating smart cities to investors identifying untapped markets, these individuals represent the very best of what real estate can achieve when bold ideas meet fearless execution. As you turn these pages, you’ll discover stories of ingenuity and determination that go beyond profits and portfolios. You’ll see how these leaders are not just shaping skylines but also redefining what it means to build for the future.
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s the Managing Director of DAMAC Properties, Founder and CEO of PRYPCO, and Co-Founder of AMALI Properties, Amira Sajwani has redefined the landscape of luxury real estate and technological integration. With her innovative approach and visionary leadership, Amira is shaping the future of real estate in the UAE and beyond. Born into a family synonymous with real estate excellence, Amira Sajwani is the daughter of Hussain Sajwani, founder and chairman of DAMAC Group. She has taken on the mantle of leadership with grace and determination, overseeing sales and development for DAMAC Properties. Under her stewardship, DAMAC has delivered over 40,000 homes across Dubai, Lebanon, Jordan, Saudi Arabia, and even London. The company’s global expansion continues with projects in Miami and other international markets. Amira’s focus at DAMAC extends beyond traditional real estate. Her strategic oversight includes diversifying into luxury hospitality, retail, data centers, and sustainable developments. Her contributions have been instrumental in positioning DAMAC as one of the most prominent private developers in the region. As the Founder and CEO of PRYPCO, a revolutionary proptech operational efficiency while prioritizing platform, Amira is leveraging technology to sustainability. As Co-Founder of AMALI digitize and streamline real estate Properties, Amira is focused on creating processes. PRYPCO offers innovative bespoke super-premium villas and exclusive solutions such as digitized mortgages, beach lifestyle experiences. AMALI projects fractional ownership (called "blocks"), combine cutting-edge architectural designs equity releases, and visa processing for with meticulous attention to detail, setting new buyers and sellers. The platform has benchmarks for opulence and sophistication. facilitated over AED 2 billion ($545 Amira Sajwani’s journey reflects resilience, million) in mortgages and served more than innovation, and a commitment to excellence. 1,000 clients. Amira’s vision for PRYPCO is Whether through luxury developments or to create a comprehensive ecosystem that proptech advancements, she she continues to integrates AI, IoT, and blockchain inspire change while shaping the future of technologies to enhance global real estate.
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DR. RAJA EASA AL GURG Chairperson & MD Easa Saleh Al Gurg Group
AMIRA SAJWANI Managing Director DAMAC Properties
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r. Raja Easa Al Gurg is one of the UAE’s most influential business leaders, celebrated for her transformative leadership and dedication to empowering women in the Arab world. As the Chairperson and Managing Director of the Easa Saleh Al Gurg Group (ESAG). she has played a pivotal role in expanding the
family business into a diversified support female entrepreneurs and conglomerate with interests in retail, professionals. Her work has inspired real estate, construction, & more. Her countless women across the region to contributions to business, education, pursue leadership roles. In addition to and philanthropy have earned her her advocacy, Dr. Al Gurg is deeply international recognition as a committed to education. She serves on trailblazer in the Middle East. Dr. Al several academic boards, including as Gurg took over the reins of ESAG Vice Chairperson of the University of following the legacy of her late father, Dubai and Board Member of Dubai H.E. Easa Saleh Al Gurg. Under her Academic Health Corporation. She was leadership, ESAG has grown into a recently appointed as Honorary Propowerhouse with 27 companies Chancellor at Heriot-Watt University spanning multiple sectors. Known for Dubai, further cementing her influence her strategic vision and innovative in shaping educational policies. Dr. Al approach, she has steered the group Gurg chairs the Al Jalila Foundation, a toward sustainable growth while nonprofit organization dedicated to maintaining it’s family-oriented values. As one of the advancing healthcare and first Emirati women to lead a major conglomerate, transforming lives through medical Dr. Al Gurg has broken barriers in a traditionally research and education. She also male-dominated industry. Her ability to balance oversees charitable initiatives through tradition with modernity has made ESAG a global the Easa Saleh Al Gurg Charity success story. Dr. Al Gurg is a staunch advocate for Foundation. Her legacy is defined by women’s empowerment. She is the Founder and her commitment to excellence, President of the Dubai Business Women Council innovation, and empowering future (DBWC), where she champions initiatives that generations. FAME Delivered The Performers Edition 21
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TOP 10 REAL ESTATE PUNTERS
MUHAMMAD BINGHATTI CEO | Binghatti Holding
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uhammad BinGhatti is a trailblazing entrepreneur and the CEO of Binghatti Holding, a leading real estate development company headquartered in Dubai. Known for his innovative approach to architecture and luxury real estate, he has transformed Binghatti into a globally recognized brand with
an investment portfolio exceeding AED 40 billion. Under his leadership, the company has redefined Dubai’s skyline with iconic projects that merge bold design with functionality. In 2014, Muhammad BinGhatti took the reins of Binghatti Holding, a company founded by his father, Hussain BinGhatti Aljbori, in 2008. From the outset, Muhammad infused his passion for design and engineering into the business, drawing inspiration from automotive and aeronautical aesthetics. This vision is evident in Binghatti’s signature architectural style— characterized by cantilevered balconies, geometric patterns, and vibrant color palettes. Binghatti’s portfolio spans over 40 projects across prime locations such as Business Bay, Downtown Dubai, Jumeirah Village Circle (JVC), and Dubai Silicon Oasis. Notable developments include Burj Binghatti Jacob & Co Residences, an ultraluxurious skyscraper in collaboration
iras Al Msaddi is the CEO and Executive Chairman of fäm Properties, one of Dubai’s largest and most technologically advanced
real estate brokerage firms. A selfmade entrepreneur, Firas has transformed the Dubai real estate landscape through his innovative approach, ethical practices, and commitment to leveraging technology in the property market. His journey from humble beginnings to leading a billion-dollar enterprise exemplifies resilience, vision, and determination. Born in Homs, Syria, Firas began his entrepreneurial journey trading shoes as a child. At 25, he founded fäm Properties in Dubai with a mission to redefine the real estate industry. Today, fäm Properties manages an professionals. Firas’s leadership has propelled fäm Properties to become Dubai’s top-performing brokerage firm for major developers like Emaar, Meraas, Meydan, and Dubai Properties Group. The company has received numerous accolades, including the Platinum Agent award from Emaar Properties and
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FIRAS AL MSADDI CEO | Fäm Properties
with the world-renowned jewelry brand Jacob & Co., which aspires to become the tallest residential tower globally. Muhammad has positioned Binghatti as a pioneer in branded real estate by forging partnerships with global luxury brands like Bugatti and Jacob & Co. These collaborations have elevated Binghatti’s projects to new heights of exclusivity and innovation. For instance, Burj Binghatti stands as a testament to Muhammad’s vision of integrating luxury lifestyle elements into residential spaces. Under Muhammad’s leadership, Binghatti has earned numerous accolades, including being named the “Fastest Real Estate Developer” by the Dubai Land Department in 2022. The company has also won multiple international awards for its architectural designs and project execution. His bold vision ensures that Binghatti remains at the forefront of architectural excellence and luxury living.
recognition as the highest transacting agency by the Dubai Land Department Firas is a pioneer in integrating technology into real estate operations. He launched DXBinteract.com, a government-backed prop-tech platform providing transparent data and insights on Dubai’s property market. This platform offers interactive reports and comprehensive statistics, empowering investors with actionable information. Beyond his business ventures, Firas is passionate about fostering collaboration and education within the real estate community. He launched the "Real Estate Blueprint" program, a series of training events aimed at raising professional standards among brokers. The program’s flagship event, "The Game Changers," attracted over 3,000 professionals and emphasized ethical practices and sustainable growth. Firas is also the author of The Art of Real Estate Investment: From Entry to Exit, where he shares insights into identifying and capitalizing on investment opportunities. His story inspires others to pursue their ambitions with integrity and innovation.
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aider Ali Khan is a visionary leader in the real estate technology space, serving as the CEO of Bayut and Dubizzle Group MENA. With over a decade of experience, Haider has revolutionized the UAE’s property market by integrating cutting-edge technology with real estate services. His forward thinking approach has positioned Bayut and Dubizzle as market leaders in the region, transforming how properties are bought, sold, and rented. Haider’s career began in the United States, where he earned a degree in Electrical Engineering from the University of Texas at Austin. With 14 years of experience working for global giants like Goldman Sachs, Silicon Labs, and National Instruments, Haider brought a wealth of knowledge in technology and business strategy to his role at Bayut. In 2014, he moved to Dubai to lead Bayut’s operations, marking the beginning of a transformative journey. technology and business strategy to his role at Bayut. In 2014, he moved to Dubai to lead Bayut’s operations, marking the beginning of a transformative journey. His strategic vision led to groundbreaking initiatives such as TruCheck™, TruEstimate™, and BayutGPT, tools that have set new standards for transparency and efficiency in supporting government initiatives aimed at property transactions. Haider spearheaded innovation and digital transformation. His efforts the expansion of Bayut into Saudi Arabia include partnerships with Dubai Land with the launch of Bayut.sa and oversaw the Department to launch tools like TruEstimate™ acquisition of Lamudi Middle East in 2019. and special packages for Emirati brokers to These moves solidified Bayut’s presence enhance national development goals. Haider has across GCC markets and reinforced its received numerous accolades for his contributions position as a regional powerhouse. Today, to PropTech. He was named "PropTech CEO of Bayut and Dubizzle are part of EMPG the Year" at the CEO Awards 2023. Under his (Emerging Markets Property Group), one of leadership, Dubizzle Group was also recognized as the most well-funded tech startups in the the “Fastest Growing Prop-Tech Company of the region, with $200 million raised in its latest Year.” With plans for further innovation and an investment round. As a member of Dubai IPO on the horizon, Haider continues to shape the Chamber’s Advisory Council for Digital future of PropTech while inspiring entrepreneurs Economy, Haider plays an active role in across sectors.
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MICHAEL LAHYANI CEO | Property Finder
HAIDER ALI KHAN CEO Bayut & Dubizzle Group MENA
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ichael Lahyani is the Founder and CEO of Property Finder, the Middle East’s leading online real estate platform. Since its inception in 2007, Michael has transformed the region’s property market by introducing innovative digital solutions that simplify property transactions for buyers, sellers & renters. His
forward-thinking approach has positioned Property Finder as a key player in the global PropTech industry. Born and raised in Geneva, Switzerland, Michael holds a Bachelor’s degree and an MBA in Finance from HEC Lausanne. After gaining valuable experience at PricewaterhouseCoopers, he moved to Dubai in 2005, where he identified a glaring gap in the real estate market—a lack of a comprehensive platform for property listings. At the time, property searches were limited to newspaper classifieds, which Michael saw as outdated for a rapidly modernizing city like Dubai. In response, he launched Al Bab World, a property print magazine offering free online advertising. By 2007, this evolved into Property Finder, an online portal that revolutionized how people searched for properties. Despite challenges like low internet penetration and market resistance to digital advertising, Michael’s vision for an online-first platform proved prescient. Under Michael’s leadership, Property Finder has expanded across seven countries, including the UAE, Saudi Arabia, Egypt,
Qatar, Bahrain, Lebanon, and Morocco. The platform now attracts over 14 million monthly users and offers cutting-edge features like virtual tours, price analytics, and customized search tools. In addition to its regional dominance, Property Finder holds a significant stake in Zingat, Turkey’s largest property portal. Michael also led the company through critical milestones such as securing Series B funding in 2016 with a valuation of $200 million and navigating the global financial crisis by pivoting to digitalfirst solutions. Today, Property Finder is part of EMPG (Emerging Markets Property Group), one of the most wellfunded PropTech companies globally. Beyond his business achievements, Michael is a strong advocate for innovation and entrepreneurship in the Middle East. As the first UAE-based entrepreneur to join Endeavor Global’s network of high-impact entrepreneurs, he has mentored startups and contributed to fostering a culture of innovation in the region.
TOP 10 REAL ESTATE PUNTERS
ADEL SAJAN
Managing Director Danube Group
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del Sajan, the Group Managing Director of Danube Group, is a second-generation entrepreneur who has played a pivotal role in transforming his father’s business into a global conglomerate. With a net worth exceeding AED 1.6 billion, Adel has expanded Danube’s footprint across real estate, retail, e-commerce, hospi
hospitality, and sports. His innovative leadership and strategic vision have positioned Danube as one of the most successful homegrown brands in the Middle East. Adel’s journey began at the age of 13 when he joined his father, Rizwan Sajan, in understanding the intricacies of the family business. Starting from the ground up, he worked in warehouses and sales teams, gaining hands-on experience that shaped his entrepreneurial mindset. By 2009, he officially joined Danube as a director and was instrumental in launching Danube Home (formerly Danube Buildmart), which has since become a leading home improvement brand in the GCC. Under his leadership, Danube Home expanded its presence to Oman, Saudi Arabia, Qatar, Bahrain, and beyond. The brand offers over 50,000 products sourced from countries like Italy, Germany, and India while
nkur Agarwal is the Founder & CEO of Bricks N Woods (BNW) Real Estate, a leading real estate development company in
Dubai. With a remarkable journey from humble beginnings in Delhi to managing an impressive AED 14 billion in Assets Under Management (AUM), Ankur has become a prominent figure in the UAE’s real estate landscape. His innovative approach to development, sustainability, and client-centric strategies has positioned BNW as a key player in the industry. A chartered accountant by profession, he started his career tutoring children to support his education. After gaining experience through his own CA practice, Ankur moved to Dubai four and a half years ago with a vision to make a mark in real estate. Starting from scratch, he launched BNW Developments, which quickly grew into one of the UAE’s most recognized real estate firms. Under Ankur’s leadership, BNW has evolved from brokerage services to underwriting largescale projects and eventually venturing into property development. The company manages diverse projects across Dubai, including high-rise developments along Al
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ANKUR AGARWAL CEO Bricks N Woods Real Estate
providing end-to-end interior design solutions. Adel also spearheaded the company’s entry into e-commerce to meet evolving consumer needs. Adel’s leadership philosophy revolves around empowering employees and fostering a collaborative culture. Initiatives like team-building trips to Bali and Australia reflect his commitment to creating a motivated workforce. His mantra—“One Team, One Goal”—has been instrumental in scaling Danube’s success tenfold. Adel’s personal life reflects his penchant for grandeur and meticulous planning. Beyond business and family life, Adel continues to inspire young entrepreneurs through his appearances on platforms like Shark Tank Dubai. With plans to further expand Danube’s global footprint while embracing technological advancements, Adel Sajan is shaping the future of entrepreneurship in the region.
Ain Road, luxury townhouses, and property development. The company manages diverse projects across Dubai, including high-rise developments along Al Ain Road, luxury townhouses, and ultra-luxury properties on Al Marjan Island in collaboration with Bollywood actor Vivek Oberoi. Their flagship project, Aqua Arc, is strategically located near the world’s largest Wynn Casino and promises to redefine luxury living. Ankur’s focus on sustainability is evident in BNW’s upcoming portfolio of 14 projects, which include luxury residences, commercial spaces, and opulent hotels. BNW maintains a strong presence in Dubai, India, and the UK, with plans to establish 20 branches globally within two years. Ankur envisions expanding the company’s AUM to over AED 20 billion while securing its position among the top five development firms in the UAE. Ankur Agarwal’s journey exemplifies resilience, visionary thinking, and a commitment to sustainable growth. Through BNW Developments, he continues to shape Dubai’s real estate landscape while leaving a lasting legacy of innovation and excellence.
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Kabir Mulchandani is a celebrated entrepreneur and the Founder and Chairman of FIVE Holdings, a Dubai-based real estate and hospitality powerhouse. Known for his resilience, innovation, and ability to redefine luxury experiences, Kabir has built a diversified portfolio of assets spanning residential, commercial, and hospitality sectors. Originally from Mumbai, India, Kabir began his career in his family’s consumer electronics business before transitioning to real estate. After moving to Dubai in the early 2000s, he quickly established himself as a key player in the city’s booming property market. However, the global financial crisis in 2008 brought significant challenges, including legal battles that tested his resolve. Cleared of all charges after 140 days in jail, Kabir emerged stronger and more determined to rebuild his career. In 2011, he founded FIVE Holdings (formerly SKAI Holdings), marking the beginning of a remarkable comeback. His instinct-driven approach to development led to the creation of iconic projects like FIVE Palm Jumeirah Dubai a $1.2 billion luxury resort that set new benchmarks for hospitality. Under Kabir’s leadership, FIVE Holdings has grown into a global brand with assets exceeding $2.9 billion. fashion lines under The company’s portfolio includes luxury The Pacha Collection. hotels such as FIVE Palm Jumeirah, FIVE Kabir Mulchandani’s Jumeirah Village, and FIVE Luxe in Dubai; journey is one of FIVE Zurich in Switzerland and Destino resilience, innovation, Pacha Ibiza and El Hotel Pacha in Spain. In and visionary 2023, FIVE Holdings acquired the leadership. With plans legendary Pacha Group, further expanding to take FIVE Holdings its footprint in the global entertainment public on the Dubai and hospitality space. FIVE Holdings is Stock Exchange in celebrated for its innovative approach to 2025 through a $2 blending luxury hospitality with billion IPO, he entertainment. The brand’s unique continues to inspire offerings include private jet experiences, a entrepreneurs music label (FIVE Music), and sustainable worldwide.
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ROHIT DESAI Founder & Managing Director RD Associates
Founder & Chairman | FIVE Holdings
RESHAPING SKYLINES Rohit Desai is a distinguished leader in India’s real estate and infrastructure sectors, with over 14 years of expertise in architecture, construction, and project management. As the Founder & Managing Director of RD Associates, RD Infra, RD Ventures, and Rohit Desai Infratech Ventures (OPC) Pvt Ltd, he
has played a pivotal role in transforming the landscape of property development and infrastructure projects across the country. His ventures are a testament to his commitment to excellence and innovation in the fields of architecture design, data-driven construction, and large-scale project execution. Rohit’s career began with a vision to redefine India’s real estate and infrastructure sectors. Through his leadership at RD Infratech Ventures, he has spearheaded numerous high-profile projects ranging from residential developments to largescale commercial infrastructures. His keen understanding of industry nuances has enabled him to deliver projects that balance functionality with aesthetic appeal while adhering to strict timelines and budgets. Rohit’s passion for architecture and project development is evident in his approach to design and execution. By integrating modern technologies with sustainable practices, he ensures that every project meets global standards while addressing local needs. His ventures have become synonymous with quality, innovation, and reliability. As the
driving force behind RD Ventures, Rohit has been instrumental in closing strategic property deals and managing infrastructural developments that have reshaped urban landscapes. His expertise spans end-to-end project management, from conceptualization to completion, ensuring seamless delivery at every stage. Rohit’s ability to anticipate market trends and adapt to evolving demands has positioned his companies as leaders in the industry. Whether it’s pioneering smart building technologies or adopting eco-friendly construction practices, his forward-thinking approach continues to set benchmarks for excellence. With a career spanning over a decade, his leadership not only drives the success of his ventures but also contributes significantly to the evolution of India’s infrastructure landscape. As he continues to innovate and expand his portfolio, Rohit is committed to shaping the future of urban development through sustainable practices and cutting-edge solutions.
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IMPACT 2024 | 05 DISRUPTIVE VISIONS | 11
RESHAPING SKYLINES | 21 SPECIAL REPORT | 27
MARCH 2024 |ISSUE
INFLUENCE IN ACTION | 34 TRENDSPOTTING | 44
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