Dubai Properties Group (DPG), the property development arm of Dubai Holding, has announced the appointment of Charles Biele as CEO of Dubai Properties (DP). A veteran of the real estate industry, Mr. Biele has nearly 30 years of experience in all aspects of real estate development and operations in the US and the MENA region, including 8 years living and working in Dubai, Qatar, Libya, and Saudi Arabia. He will oversee all aspects of the company with particular focus on the company’s strategy and business development in order to deliver an integrated, end-to-end real estate development solution for the group.
Mr. Biele’s real estate experience covers a broad spectrum of developments from mixed-use master planned communities to iconic destination projects with end-to-end experience in all stages of development from project conceptualization to financial underwriting, design, construction, sales and marketing, operations, asset management and divestiture.
The news follows the recent restructure which saw DPG transition into a holding company overseeing three dedicated companies responsible for project development, portfolio management and asset management. Under its new remit, DP is responsible for the design, development, sales and handover of DPG’s retail, commercial, residential and mixed-use projects to meet the needs of Dubai’s growing population.
Commenting on the appointment, Khalid Al Malik, Group CEO of DPG said: “Mr. Biele joins DP at a very important time, following strong sales successes from recent projects including Remraam, Bay Square, Mudon and Manazal AlKhor. With his extensive real estate and management experience here in the region and globally, I have no doubt that Charles will be instrumental in spearheading DP’s growth and vision to support Dubai’s growing real estate industry by launching new projects that provide strong investment opportunities across every sector.”
New CEO Charles Biele added: “I am very pleased to be joining one of Dubai’s leading real estate developers at this crucial point in the company’s growth and development phase. DP’s mandate is to create world class lifestyle communities and destinations that enrich the lives of our customers and residents, and my aim will be to ensure we continue delivering on this strategy to create a sustainable business which contributes to the long-term vision of Dubai.”
Mr Biele holds a Bachelor of Science in Civil Engineering and a Masters of Business Administration in Finance from Virginia Tech in the United States. He has also developed a limited proficiency in reading, writing and speaking Arabic.