{"id":55227,"date":"2017-05-18T15:57:23","date_gmt":"2017-05-18T08:57:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=55227"},"modified":"2017-05-18T14:06:47","modified_gmt":"2017-05-18T07:06:47","slug":"damac-properties-managing-director-ziad-el-chaar-resigns","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-properties-managing-director-ziad-el-chaar-resigns\/","title":{"rendered":"Damac Properties managing director Ziad El Chaar resigns"},"content":{"rendered":"


\nZiad El Chaar, the managing director and executive board member of Damac Properties, has resigned, the developer said on Thursday, without citing a reason for his departure.The company did not name a replacement for Mr El Chaar in a Dubai bourse filing.Mr El Chaar became managing director in 2011, having worked his way up the ladder. He started as vice-president of international sales in 2005, then went on to become international general manager in 2006 and general manager of operations in 2009.
\nDamac Properties reported a 16 per cent fall in first-quarter net profit, missing analysts’ forecasts, because of lower property development revenue and a sharp drop in income from the cancellation of units.The Dubai-based developer of Damac Hills and Aykon City posted a net income of Dh880 million, compared with Dh1.1 billion in the same period last year.Profits came in well below an estimate of Dh1.1bn made by NBAD Securities.
\nShares of Damac properties were unchanged at Dh2.87 in morning trading in Dubai.dalsaadi@thenational.ae
\n
\nSource : thenational.ae
\nRead more…Damac Properties managing director Ziad El Chaar resigns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ziad El Chaar, the managing director and executive board member of Damac Properties, has resigned,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-55227","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-emL","jetpack-related-posts":[{"id":13818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/changing-fortunes-damacs-ziad-el-chaar\/","url_meta":{"origin":55227,"position":0},"title":"Changing fortunes: Damac's Ziad El Chaar","date":"May 20, 2016","format":false,"excerpt":"\r With consecutive quarterly profit declines and controversy over its Donald Trump-branded golf course, developer Damac Properties has drawn plenty of attention in recent months. Managing director Ziad El Chaar responds to both issues and explains why the company has shed its all-luxury dogma to join the competition for mid-market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-developer-dar-al-arkan-appoints-former-damac-managing-director-el-chaar-as-chief-executive\/","url_meta":{"origin":55227,"position":1},"title":"Saudi developer Dar Al Arkan appoints former Damac managing director El Chaar as chief executive","date":"June 4, 2017","format":false,"excerpt":"\r Ziad El Chaar, the former managing director of Damac Properties, has been appointed as the chief executive of Riyadh-based property developer Dar Al Arkan, the Saudi company said on Sunday.Dar Al Arkan's board approved a proposal for Mr El Chaar to become chief executive last Thursday, effective immediately, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25215,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-to-open-sales-offices-in-china\/","url_meta":{"origin":55227,"position":2},"title":"Damac to open sales offices in China","date":"September 6, 2016","format":false,"excerpt":"\r Damac, the developer based in Dubai, is to open three new offices in China to market its projects more effectively to Chinese buyers. Damac is planning to open business development offices in Beijing, Shanghai and Shenzhen to work with local brokers to promote its products, said Ziad El Chaar,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-awards-dh3bn-of-contracts-in-first-half-of-2016\/","url_meta":{"origin":55227,"position":3},"title":"Dubai's Damac awards Dh3bn of contracts in first half of 2016","date":"June 26, 2016","format":false,"excerpt":"\r The Dubai developer Damac Properties said that it has awarded 25 construction and consultancy contracts worth Dh3 billion over the past six months.Damac said that contracts awarded during the first half of 2016 include construction contracts to build 2,678 villas within its Akoya Oxygen development and contracts to build\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-to-sell-off-plots-of-land-at-akoya-oxygen-project-in-dubai\/","url_meta":{"origin":55227,"position":4},"title":"Damac to sell off plots of land at Akoya Oxygen project in Dubai","date":"August 9, 2016","format":false,"excerpt":"\r Damac Properties is to start selling off plots of land at its Akoya Oxygen community in Dubai.The plots will have a starting price of Dh600,000 and Damac said that it will give investors up to 10 years to build on them. Last month, the company announced the launch of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-chief-stays-bullish-on-future-of-dubai-real-estate\/","url_meta":{"origin":55227,"position":5},"title":"Damac chief stays bullish on future of Dubai real estate","date":"February 15, 2016","format":false,"excerpt":"\r Ziad El Chaar had pledged to \u201cgo on TV naked\u201d if property prices drop further in 2016\r \r Source : arabianbusiness.com\r Read more...Damac chief stays bullish on future of Dubai real estate","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55227"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=55227"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55227\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=55227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=55227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=55227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}