About Trusting Dubai Holding
Dubai Holding LLC (DH) supported by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and the Ruler of Dubai, is one of the three premier real estate organizations of repute in Dubai. The company envisages active role in developing and diversifying the vibrant and already thriving economy of Dubai and seeks to identify existing and future projects in Dubai property and expand its wings internationally. It aims to create a strong foothold across a diverse range of industries to execute its vision of a diversified, knowledge-based economy and export this knowledge to the benefit of the region.
The job of large scale development and managing real estate projects in Dubai has been given to three companies to ensure quality through healthy competition and mitigate government monopoly. The Emirate’s other companies with similar business interests in the real estate sector are Emaar Properties PJSC and Nakheel of the Dubai World.
In consonance with this mission, the group has attuned its strategies and grouped them under three core objectives:
Creating Value for its shareholders,
Diversifying Group’s Portfolio, and
Human Resource and Economic development of the people of Dubai.
The group’s activities shall focus on the gentle mix of social welfare and infrastructural development with an active thrust upon their economic viability on the lines of commercial justification.
Its large scale undertakings and ambitious projects include Dubailand and Al Bawadi, a magnificent and bewitching tourism complex containing the largest hotel in the world.
The A1 accredited Dubai Holding Commercial Operations Group LLC (DHCOG) of the parent company Dubai Holding LLC (DH) takes care of the non-financial investment businesses of the Group.
The DHCOG has five subsidiary companies dealing essentially in the real estate and hospitality business. The two companies under Dubai Holding Investments Group (DHIG) incorporate its international investment (in more than $ 4 billion net worth Dubai Investments) and private equity business (as Dubai International Capital) and have 51 percent share holding in the group. Dubai Investments owns the leisure group Tussaud, UK engineering company Doncasters and budget hotel operator Travelodge. DHCOG’s renowned and very exclusive Jumeirah brand undertakes care of the hospitality business and manages several expensive and noteworthy properties in Dubai like the Burj Al Arab and a few selected international properties in London and New York.
Of the subsidiaries, the Tecom Investments deals with developing and managing businesses related with the knowledge economies. This encompasses Emirates’ core free zones such as the Dubai Internet City, Dubai Media City and Dubai Knowledge Village. Its future investments in energy sector through EMPOWER is also likely.
Dubai Properties is the main subsidiary that takes care of the real estate business and manages the development of both residential as well as commercial infrastructure development in Dubai. The luxurious and the enchanting Jumeirah Beach Residence with 1200 rooms, Amwaj Rotana Resort in its circumference and the Business Bay downtown business district are the constructive genius of Dubai Properties.
Tatweer, the second subsidiary of the DHCOG group deals exclusively with developing and managing the domestic real estate sector and its focus is on life improving set ups like the Dubai Healthcare City and Dubailand.
Sama Dubai the fifth subsidiary of the group taking care of the remarkable ‘The Lagoons’ complex in Dubai intends to export some of its expertise to international key projects extending as far as Qatar, Oman, Bahrain, Morocco and Turkey.
Acquiring 35 percent stake in Tunisie Telecom in 2006, the premier telecom company of Tunisia for $2.25 billion and a 60 percent stake in Malta Com for $280 million through Tecom and Dubai Investments is another feather to its cap.
The DH launched the second mobile operator under the ‘du’ brand in which it has 20 percent stake.
Risk Profile:
The companies with the Dubai Holding are relatively young. It has the IFRS complaint numbers which are audited but are not yet public. The revenue generated by the DH as per 2005 year end is from the brand Jumeirah and rental revenues from the existing free zones and are expected to grow in future. DHCOG had managed to raise $2.7 billion in 2006 to fund its recently acquired Tunisia Telecom and MaltaCom.
and will require refinancing in 2007 as well. Being relatively new the group will finance its domestic real estate properties from land sales and advance payments. The international projects at Sama Dubai will have to resort to moderate debt financing for sometime.
Capital market debts are raised at DHCOG yet it does not support its subsidiaries other than as stipulated in the group’s stated dividend policy. Some debt is maintained at Tecom and Jumeirah considering the current pricing corrections and tenor.
The job of large scale development and managing real estate projects in Dubai has been given to three companies to ensure quality through healthy competition and mitigate government monopoly. The Emirate’s other companies with similar business interests in the real estate sector are Emaar Properties PJSC and Nakheel of the Dubai World.
In consonance with this mission, the group has attuned its strategies and grouped them under three core objectives:
Creating Value for its shareholders,
Diversifying Group’s Portfolio, and
Human Resource and Economic development of the people of Dubai.
The group’s activities shall focus on the gentle mix of social welfare and infrastructural development with an active thrust upon their economic viability on the lines of commercial justification.
Its large scale undertakings and ambitious projects include Dubailand and Al Bawadi, a magnificent and bewitching tourism complex containing the largest hotel in the world.
The A1 accredited Dubai Holding Commercial Operations Group LLC (DHCOG) of the parent company Dubai Holding LLC (DH) takes care of the non-financial investment businesses of the Group.
The DHCOG has five subsidiary companies dealing essentially in the real estate and hospitality business. The two companies under Dubai Holding Investments Group (DHIG) incorporate its international investment (in more than $ 4 billion net worth Dubai Investments) and private equity business (as Dubai International Capital) and have 51 percent share holding in the group. Dubai Investments owns the leisure group Tussaud, UK engineering company Doncasters and budget hotel operator Travelodge. DHCOG’s renowned and very exclusive Jumeirah brand undertakes care of the hospitality business and manages several expensive and noteworthy properties in Dubai like the Burj Al Arab and a few selected international properties in London and New York.
Of the subsidiaries, the Tecom Investments deals with developing and managing businesses related with the knowledge economies. This encompasses Emirates’ core free zones such as the Dubai Internet City, Dubai Media City and Dubai Knowledge Village. Its future investments in energy sector through EMPOWER is also likely.
Dubai Properties is the main subsidiary that takes care of the real estate business and manages the development of both residential as well as commercial infrastructure development in Dubai. The luxurious and the enchanting Jumeirah Beach Residence with 1200 rooms, Amwaj Rotana Resort in its circumference and the Business Bay downtown business district are the constructive genius of Dubai Properties.
Tatweer, the second subsidiary of the DHCOG group deals exclusively with developing and managing the domestic real estate sector and its focus is on life improving set ups like the Dubai Healthcare City and Dubailand.
Sama Dubai the fifth subsidiary of the group taking care of the remarkable ‘The Lagoons’ complex in Dubai intends to export some of its expertise to international key projects extending as far as Qatar, Oman, Bahrain, Morocco and Turkey.
Acquiring 35 percent stake in Tunisie Telecom in 2006, the premier telecom company of Tunisia for $2.25 billion and a 60 percent stake in Malta Com for $280 million through Tecom and Dubai Investments is another feather to its cap.
The DH launched the second mobile operator under the ‘du’ brand in which it has 20 percent stake.
Risk Profile:
The companies with the Dubai Holding are relatively young. It has the IFRS complaint numbers which are audited but are not yet public. The revenue generated by the DH as per 2005 year end is from the brand Jumeirah and rental revenues from the existing free zones and are expected to grow in future. DHCOG had managed to raise $2.7 billion in 2006 to fund its recently acquired Tunisia Telecom and MaltaCom.
and will require refinancing in 2007 as well. Being relatively new the group will finance its domestic real estate properties from land sales and advance payments. The international projects at Sama Dubai will have to resort to moderate debt financing for sometime.
Capital market debts are raised at DHCOG yet it does not support its subsidiaries other than as stipulated in the group’s stated dividend policy. Some debt is maintained at Tecom and Jumeirah considering the current pricing corrections and tenor.
posted by Property Reporter at
11:02 PM
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