Emaar Properties said on Wednesday it has promoted Amit Jain has been named as the group chief executive and its companies effective immediately.

Previously Jain was the chief operating officer of the company. Jain has assumed responsibility on an acting basis after Abdullah Lahej, the ex-CEO left the company to join Dubai Properties. Lahej has taken the role from January 2014.

Emaar Properties shares fell 0.50 per cent to be at Dh7.94 in a weak Dubai market.