Zabeel Investments
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| Type | Limited Liability Company |
|---|---|
| Industry | Property development, private equity, asset management, hospitality |
| Founded | 2006 |
| Headquarters | Dubai International Financial Centre, , |
Key people | Faisal Rashed Bujesaim, CEO |
| Owner | Sheikh Hamdan bin Mohammed |
| Website | www.zabeelinvestments.com |
Zabeel Investments is a private investment vehicle for Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and chairman of the Dubai executive Council.[1]
Founded in February 2006, Zabeel Investments is a Dubai-based diversified investment company focused on the areas of commercial real estate development and management, private equity and asset management across a wide range of economic sectors in the UAE.
From its base at Dubai International Financial Centre, Zabeel Investments built up an AED 12.4 billion portfolio in its first year, incorporating property development, construction, hospitality, media, finance and education.
In the first quarter of 2007, Zabeel Investments made significant headway into the financial sector, investing in Abraaj Capital, the region’s leading private equity firm. More recently,[when?] the company invested in DICAM’s US$2 billion Global Strategic Equities Fund. DICAM is the asset management subsidiary of Dubai International Capital LLC.
On the development front, Zabeel Investments’ Tiara Residence is an AED 2.1 billion residential, hospitality and lifestyle project.[2]
In addition, Zabeel Investments has entered into a joint venture with United Holdings to build the AED 1.75 billion Tiara United Towers, a landmark commercial and leisure project on Sheikh Zayed Road. The visually striking twin towers will represent a design first for the region.[3]
Looking to diversify its portfolio further, Zabeel investments recently[when?] acquired Electric Orange, a boutique visual communications agency which has since been rebranded as Zed Communications.
On 27 December 2010 Jumeirah Group, the Dubai-based luxury hospitality company and member of Dubai Holding, was appointed by Zabeel Properties, a subsidiary of Zabeel Investments, LLC to manage Jumeirah Zabeel Saray. The new 5-star hotel, located on the west crescent of Dubai’s Palm Jumeirah, was scheduled to open its doors to the first guest in January, with the opening party planned for 4 January 2011.[4]
External links[]
References[]
- ^ "Zabeel Investments: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-05-30.
- ^ Dubai, TenTwenty | Webdesign, Webshops & E-marketing |. "Zabeel Investments LLC | Dubai International Financial Centre (DIFC)". www.difc.ae. Retrieved 2018-05-30.
- ^ "Zabeel Investments L.L.C (Zabeel) - Company Details on ZAWYA MENA Edition". www.zawya.com. Retrieved 2018-05-30.
- ^ "Zabeel Investments". ArabianBusiness.com. Retrieved 2018-05-30.
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- Financial services companies established in 2006
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