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Bin Ghelaita named CEO
DUBAI — Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Chairman of the Executive Council, yesterday appointed Marwan bin Ghelaita as chief executive officer of the Real Estate Regulatory Agency.
The agency was established in Dubai last week at the directive of His highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai. It will be responsible for four key aspects of the sector which include policies and strategies, regulation and registration, research and studies as well as programmes and projects.
The establishment of the agency underlines the objectives of Dubai Strategic Plan 2015, which has placed significant emphasis on the real
estate sector as one of the major drivers of the Emirate’s economy.
In his role as the CEO, Bin Ghelaita will submit a strategic business plan to the council. He will also be responsible for implementing the Executive Council’s decisions, proposing initiatives and projects related to the agency’s activities, preparing the annual budget, proposing the organisational structure as well as financial, administrative and technical by-laws.
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