Ziad Al Chaar
30

Ziad Al Chaar

managing director, DAMAC Properties

A new entry for 2013, Ziad Al Chaar joins the Power 50 following Damac Properties’ launch of its hospitality division Damac Maison, which is set to open its first hotel later this year.

The Signature, a 50-story hotel apartment development adjacent to Dubai Mall, will be followed by The Distinction and Upper Crest, also in Downtown Dubai and part of the Damac Maison management brand, a subsidiary of DamacHospitality. By the end of 2014, eight projects will be in operation and by 2017, El Chaar will oversee 7957 serviced hotel apartments, across 14 projects spanning 8,280,507ft2.

In the past 12 months, the company has signed Damac Esclusiva’ in Riyadh with interiors by Fendi Casa managed by Damac Maison and the US $1bn hotel and luxury serviced residences in the Burj Khalifa area of Dubai, called ‘Damac Towers by Paramount’, which will include the region’s first Paramount Hotel & Residences.

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