HDG expands network to Dubai

International property specialist HDG Mansur has opened a new office in the Middle East. Located in the Dubai International Financial Centre (DIFC), the company said the move will enable it to expand into an industry-based market while serving in the fund management capacity.

Ra'ed Saqfelhait has been appointed to lead the company's operations in the Middle East and neighbouring regions. Saqfelhait previously held management positions at Kingdom Hotel Investments and at the Dubai International Financial Centre.

Harold D Garrison, CEO of HDG Mansur, said: 'HDG Mansur already has extensive experience in the Middle East with Shariah compliant products, and the DIFC office is a natural progression for us, as we are committed to the Middle East and expansion into surrounding markets, such as the Indian Subcontinent, North Africa and Asia. The opening of the Dubai office will provide a platform for our fund administration and going forward will allow us to be better equipped and more accessible to business opportunities in the Middle East. The Dubai office will also serve as a spring board for our further expansion in the Pacific Rim over the next few years. Ra'ed Saqfelhait's experience in the financial markets and the Middle East makes him the ideal candidate to run the Dubai office and take the company forward in this region.'

HDG Mansur is an international real estate company that provides fund and asset management, and property development services. It specialises in structuring and managing funds that comply with Islamic or Shariah Law. At end-June this year, HDG Mansur's business included $5.6 bn in international real estate investments, including $2.6 bn of real estate assets under management worldwide. The US-based company has established offices in London, New York, and Indianapolis.