Ali Rashid Lootah Lootah’s influence over the UAE’s real estate market, and the aesthetic of the country, is huge and growing all the time. In the past year his company Nakheel has announced, launched and progressed a number of high-profile projects such as the upcoming Deira Islands development, an Ibis hotel in Jumeirah Village Circle and a plethora… Lootah’s influence over the UAE’s real estate market, and the aesthetic of the country, is huge and growing all the time. In the past year his company Nakheel has announced, launched and progressed a number of high-profile projects such as the upcoming Deira Islands development, an Ibis hotel in Jumeirah Village Circle and a plethora of malls, hotels, leisure destinations and apartment blocks on Palm Jumeirah. Lootah also sits as chair of real estate developer Limitless, and his role as vice chairman of Mashreq gives him sway in the banking and finance world. Chairman, Nakheel Origin:UAE Residence:UAE Sector:Real estate