New Dubai Real Estate Corp board unveiled

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as Ruler of Dubai, issued Decree No 24 of 2017 that sets up the new board of the Dubai Real Estate Corporation (DREC). According to the decree, Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai, will chair the new board. The DREC board also includes Hisham Abdullah Al Qassim as vice-chairman; and members Sami Ahmad Al Qamzi; Abdullah Ahmad Al Habbai, Mohammad Hamad Obaid Al Shehi, Rashid Mohammad Rashid Al Mutawa, Shuaib Mier Hashim Khori, and Mohammad Hadi Ahmad Al Hussaini.

The board serves for a renewable term of three years. This decree comes into effect from July 18, 2017, and will be published in the Official Gazette.