Hesham Abdullah Al Qassim has been appointed as Vice Chairman of the Board for the Dubai Real Estate Corporation, marking a significant update in the governance of the city’s real estate landscape.

Leadership Structure of the Dubai Real Estate Corporation

His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, issued Decree No. (16) of 2026 on Wednesday to announce the new Board of Directors for the Dubai Real Estate Corporation. This strategic move highlights the emphasis on strengthening the sector, which plays a crucial role in Dubai’s economy. The board will be chaired by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the First Deputy Ruler of Dubai.

Composition of the Board

The newly formed board includes notable figures such as His Excellency Mohamed Hadi Ahmed Al Hussaini, Rashid Mohammed Rashid Al Mutawa, Shoaib Mir Hashem Khoory, Abdulaziz Mohammed Al Mulla, and Rashed Ali bin Obood Al Falasi. Each member brings a wealth of experience and expertise that will guide the Corporation in navigating the complexities of the real estate market. This esteemed group is tasked with ensuring that Dubai continues to flourish as a global hub for business and tourism.

Decree Implementation

The decree is effective immediately and will be published in the Official Gazette, confirming the administrative transition. With a focus on enhancing the real estate landscape, the newly appointed board aims to implement strategies that will bolster both local and international investments in the city’s burgeoning property market. The corporation’s leadership will play an instrumental role in facilitating sustainable growth and development within this vital sector.

Conclusion and Future Outlook

The leadership changes within the Dubai Real Estate Corporation are not merely administrative; they signal a forward momentum at a time when Dubai’s luxury real estate market is evolving. Stakeholders will be keenly watching how this new board will influence policies, making strategic decisions that impact future developments and investments. As this decree takes effect, it paves the way for innovative initiatives that could shape the future of real estate in Dubai.