Ali Rashid Lootah With real estate developer Nakheel, Ali Rashid Lootah is credited as one of the men who has shaped the landscape of Dubai. Indeed, he continues to do so. Perhaps most famous for The Palm Jumeirah, Deira Islands, The World, International City and Dragon City, Lootah also commands a retail empire that is set to cover… With real estate developer Nakheel, Ali Rashid Lootah is credited as one of the men who has shaped the landscape of Dubai. Indeed, he continues to do so. Perhaps most famous for The Palm Jumeirah, Deira Islands, The World, International City and Dragon City, Lootah also commands a retail empire that is set to cover some 17 million square feet of leasable area. Among his other positions, Lootah is vice chairman of Mashreq Bank and director of Oman Insurance Group. Chairman, Nakheel Origin:UAE Residence:UAE Sector:Real estate