IntroductionHNW Individuals* and private family offices often own or control significant land banks.

  • While some choose a long-term hold strategy, the majority choose to develop the land banks.
  • In many cases, the individual and/or family may have a real estate company involved in investments or property management, or sometimes building contracting; however, a full-fledged real estate development company does not always exist within the group holding.
  • Therefore, the individual or family office must often plan and execute the development project without the diverse skill set that an established real estate development company possesses.
  • Given the increasing competition, diversification and regulatory real estate environment as the UAE’s real estate market matures, undertaking a development project without the services and resources of trained development professionals carries significant risk and often prohibits the project from reaching the individual or family offices’ goals and objectives, both financially and reputational.

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