Lootah Real Estate Development appoints new CEO – News
Lootah Real Estate Development (LRED) has appointed Raja Alameddine as the new CEO of the company.
He will be responsible for leading his team strategically, expanding the company’s regional footprint and driving a new vision within the organization. He brings with him extensive experience in various asset classes including planned cities, mixed-use communities and innovative lifestyle developments.
As real estate offers enormous growth potential, he will also use his wealth of investment banking experience to further improve Lootah’s real estate offering. He will also be responsible for evaluating suitable partnerships or joint ventures as a business strategy for expanding into new markets and developing new product portfolios for LRED in order to gain strategic market advantage.
Arash Dara, CEO of Lootah Holding Group, said: “Raja has a proven track record in leading and managing large real estate investments, development, financial and legal operations and offers a unique advantage in the charter of this new courses for our organization. Raja’s appointment will provide continued leadership to our team with a deep focus on delivering sustainable, technological and affordable lifestyle real estate projects to the community. We are happy to welcome him on board and to be able to capitalize on his know-how and his experience to bring Lootah Real Estate Development to new heights of success.
With over 27 years of real estate experience, Alameddine has worked with several real estate developers, investment banks, as well as outsourcing and design companies.
Alameddine’s career is characterized by high geographic mobility, particularly in the GCC region with a focus on the United Arab Emirates, contributing to her ability to adapt and succeed in different work cultures. In the United Arab Emirates, he worked with Gulf Related, where he was instrumental in implementing the group’s regional development activities, as well as delivering innovative projects and large-scale communities. Previously, he set up and led the investment division of Solidere International and oversaw the launch and development of mega communities and mixed-use cities in the United Arab Emirates, Saudi Arabia and Egypt.
Raja Alameddine, newly appointed CEO of Lootah Real Estate Development, said: “I would like to thank the Board of Directors for placing their trust in me and for appointing me CEO of such a dynamic company. I am honored to lead Lootah’s real estate development and will focus on harnessing the strengths of our team and the opportunities that will help create value for our community.
Alameddine’s vast experience and involvement in real estate will enable her to build a new foundation for Lootah Real Estate, which will see the launch of flagship projects this year with a strong focus on the adoption of sustainability and technology. in the context of mixed-use lifestyle projects.