What is the significance of the consolidation of Sama Dubai and Tatweer into the “Property Vertical” by Dubai Holding?

On August 24, 2009, Dubai Holding announced the consolidation of its real estate businesses, including Dubai Properties Group, Sama Dubai, and Tatweer, into a unified entity known as the “Property Vertical.” This move is part of a broader restructuring effort aimed at streamlining operations and enhancing efficiency within the conglomerate. Tatweer, noted for its ambitious projects like a Tiger Woods-designed golf course, and Sama Dubai, will now operate under this new division. Additionally, the restructuring includes the formation of a “vertical business parks” unit, encompassing media, technology, and office parks in Dubai.

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