Emirates Stallions Group has appointed Tariq Nazzal as Chief Executive Officer of Royal Development Holding, formalising leadership of its real estate vertical, the group said on January 26.
The appointment follows Nazzal’s tenure as General Manager of Royal Development Holding and its core subsidiaries. During this period, he oversaw delivery and management of more than 60 development projects across the UAE and international markets.
Royal Development Holding CEO appointment signals strategy shift
The leadership change supports the Holding’s shift from a development management-led model to a full-scope real estate developer. Under this approach, the company now assumes direct responsibility for development, delivery, and strategic partnerships.
Recent projects under this strategy include Mallside Residence, Curio Collection by Hilton, Seamont Autograph Collection Residences, and Radisson Residences Al Reem Island. These developments reflect a growing focus on branded residences and hospitality-led assets.
Internationally, Royal Development Holding completed the handover of Albizia Bay on Mahé Island in Seychelles. The project marks a key overseas milestone alongside other regional and global developments.
Leadership comments and growth mandate
Kayed Ali Khorma, Chief Executive Officer of Emirates Stallions Group, said Nazzal played a central role in shaping the Holding’s operating model and expanding its development platform. He added that the appointment reflects confidence in Nazzal’s ability to lead the next phase of growth.
Nazzal said Royal Development Holding aims to pursue disciplined expansion. He cited selective partnerships, demand-driven developments, and design-led execution as near-term priorities.
Portfolio scope and corporate structure
As Royal Development Holding CEO, Nazzal will oversee strategic growth across branded residences, hospitality platforms, and global partnerships. The Holding operates under Emirates Stallions Group, a subsidiary of International Holding Company.
Royal Development Holding builds on the legacy of Royal Development Company, which has managed over 60 projects across more than 15 countries. These projects generated AED 10.2 billion in sales.
Emirates Stallions Group reported total assets of AED 3.93 billion as of September 30, 2025. The group operates across manpower services, real estate development, engineering, and hospitality in over 20 countries.
