Three-way split with restructuring at Dubai Properties Group | The National:
"Dubai Properties Group (DPG), the developer behind Business Bay, is restructuring its business into three main units.
DPG will become a holding company under the new structure, with three businesses focused on property development, leasing and facilities management.
It is the latest move by a major Dubai developer to reorganise its business to better tap an industry-wide rebound.
“We are confident that this strategy will give DPG the flexibility to take advantage of the market opportunities,” said the chairman Abdulla Al Shamsi."
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