Emirates Stallions Group launches boutique real estate developer
3 June 2025 11:33
ABU DHABI (ALETIHAD)Emirates Stallions Group, a subsidiary of International Holding Company (IHC), has announced the launch of Royal Development Holding, a boutique real estate developer created by consolidating its existing real estate subsidiaries into a single branded entity.The move marks a strategic shift in ESG's property development portfolio.The newly launched entity brings together specialised subsidiaries such as Royal Development Company (RDC) and Royal Architect Project Management (RAPM). It also sets the stage for introducing new entities to further enhance ESG's capabilities across the real estate value chain.'With Royal Development Holding, we are evolving the Royal Development name and scope of work,' said Kayed Ali Khorma, CEO of ESG. 'It will build lifestyle-driven communities to nurture growth, transform the everyday experience, and shape the future of living.'RDC, the flagship subsidiary, brings to the new holding company a 15-year legacy of excellence, having managed over 60 landmark projects in more than 15 countries. This consolidation will allow ESG to offer end-to-end real estate solutions, enabling it to stay competitive in a rapidly evolving industry.Tariq Nazzal, General Manager of Royal Development Holding, commented: 'By listing several of the Group's real estate development and project management companies under Royal Development Holding, we are aligning with our vision of continuous growth and transformation. Innovation, sustainability, and creative design are at the heart of our future projects.'Royal Development Holding aims to position itself as a forward-thinking player in the boutique development space. As of March 21, 2025, ESG reported total assets of Dh3.68 billion, reinforcing its robust foundation for expansion both within the UAE and globally.
It is a listed company at the Abu Dhabi Securities Exchange, with a market cap of Dh2.75 billion.
Source: Aletihad - Abu Dhabi
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