Emaar Properties is a real estate development company based in the United Arab Emirates. The Chairman of Emaar Properties is Mohamed Ali Alabbar (Emaar, 2010). Hussain Al Qemzi is the Vice Chairman (Emaar, 2010). Below them are the Board of Directors, consisting of nine people (Management, 2014). The Head of Internal Audit and the Group Chief Executive Officer stem from the Board of Directors, and the Corporate Office under the Group Chief Executive Officer contains three people (Management, 2014). Below that are seven divisions: Real Estate, International, Investment Holding, Malls Group, Hospitality Group, Finance, and Industries and Investments (Management, 2014). Several of those divisions have as many as nine subdivisions in them, making the hierarchy of management even larger (Management, 2014). However, the size of the company essentially demands a lot of breakdown because it is not possible for one person to run all of those subdivided companies efficiently if he has to focus on all of the day-to-day operations.
Organizational Behavior Objective of this project is to carry out the organizational behavior of the Emmar Properties. The paper investigates the strategy Emaar Properties employs to implement its organizational behavior to successfully carry out its business operations in Dubai and other countries that the company is operating. Essentially, the management tasks are to effectively use different skills to develop appropriate company structure and leadership to achieve their strategic objectives. This paper
3.2.3 Portfolio Diversification of Investment in Global Property Markets Because the global property markets are affected by globalization and specific country / regional factors, means that the overall amounts of risks will vary, the most notable include: transparency and efficiency. Where, each country / region has different on laws and regulations pertaining to the real estate markets. This means that the risks in a number of different markets will depend upon
A number of economists suggest that markets are efficient, but this efficiency is merely assumed. In this regard, Batten points out that, "There is no actual proof. It is virtually impossible to test for market efficiency since the 'correct' prices cannot be observed. To get over this hurdle, most tests examine the ability of information-based trading strategies to make above-normal returns. But the results of such tests do not
Dubai In November, 2013, Dubai won the rights to the World Expo 2020, setting into motion a major project that will make a substantial contribution to Dubai's economy and be a catalyst for what the emirate hopes will be the continuation of the economic boom that began two decades ago. Dubai expects that the Expo 2020 will attract 25 million visitors to the emirate over the six months that the Expo will
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