ESG Subsidiary, Royal Development Company, Marks 15 Years of Excellence in the Real Estate Industry
Abu Dhabi, 19 May 2025
Abu-Dhabi based real estate development management company Royal Development Company – a subsidiary of Emirates Stallions Group (ADX: ESG) – has hit a new milestone with the celebration of 15 years of excellence and ongoing achievements on the local and the global real estate scene.
Launched in 2010, Royal Development Company has rapidly grown into a major player in the international development management arena and has become one of the most trusted and capable companies in this field. It has extended its footprint to 15 countries in the Middle East, Africa, the Americas, Europe and Asia, enriching communities and shaping the global real estate landscape with over 60 transformational projects spanning hospitality, residential, and mixed-use developments.
On the occasion, ESG’s CEO Kayed Khorma, commented: “Since its establishment, Royal Development Company has gained an unmatched reputation for delivering distinctive projects, supporting the realization of Abu Dhabi’s Economic Vision 2030 and leaving its mark on the global real estate industry. We are proud of having them as a subsidiary of ESG since 2021, which helped unlock numerous opportunities for the company to showcase their global expertise in delivering outstanding residential and hospitality projects that illustrate their architectural creativity and effective business practices.”
From his end, Tariq Nazzal, GM of Royal Development Company said: “At Royal Development Company, we have built our reputation on our proven multi-disciplinary expertise, extensive market knowledge, and holistic real estate development management approach to constantly exceed clients’ expectations, from investors seeking exceptional returns to developers looking for a knowledgeable and trustworthy partner. Today, our clients’ ever-growing trust is the measure of our success as we remain fully committed to applying best industry practices to the highest quality standards.”
In terms of services, Royal Development Company offers a comprehensive range of integrated and bespoke solutions to investors and developers alike, including Owner Representation and Asset Management solutions. The company manages all phases of real estate projects, from inception to completion and close-out, helping developers avoid costly construction errors and post-construction problems. Such solutions also include planning, design, marketing, CRM and sales, government liaison, project management, construction management, cost management, and stakeholders’ communications to guarantee a smooth flow of information and mitigate risks.
On Royal Development Company’s track record, GM Tariq Nazzal underlined: “We have crafted extraordinary real estate assets that set new industry standards. We pride on having a team of international talents who constantly stretch the limits of the possible, demonstrating unparalleled flexibility and creativity in coming up with bright ideas in a short time. With a deep understanding of cultural differences, our highly skilled professionals have become renowned for their innovative thinking and sound business solutions, constantly adapting to different stakeholders, projects, locations, work practices, and industry regulations, to approach each project in an entirely personalized way for optimized results.”
Right after Royal Development Company became a subsidiary of ESG, it was assigned with the project development management of Reem Hills – a new luxury and eco-friendly residential community on Abu Dhabi’s Al Reem Island – and has managed to sell all phases of the project in a record time. Similarly, Royal Development Company sold out the branded apartments at Mallside Residence – Curio Collection by Hilton, another project managed by the company. Such results clearly reflect the company’s strategic prowess and operational efficiency, as well as its credibility in the market.
In addition to Mallside Residence and Reem Hills, Royal Development Company’s portfolio counts numerous residential, hospitality and mixed-use projects, including Albizya Bay – Canopy by Hilton and Waldorf Astoria Platte in Seychelles; the Conrad Arzana Resort in Morocco; the Viceroy Kopaonik Hotel in Serbia, which was nominated for the “Best of Year Awards” in 2021, courtesy of the renowned Interior Design magazine; the Scarlet Beach Resort in Greece; Reem Heights in Pakistan; and The Desert Mediation Retreat in Abu Dhabi.
“We don’t just build structures”, said GM Tariq Nazzal, “we craft landmarks”, adding: “With every project we aim to set a new benchmark in architectural excellence and community development”.
Illustrating the company’s success and leading market position,Royal Development Company’s YoY performance reflects its clients’ satisfaction, increased trust and the popularity of its projects. The company has achieved AED 2 billion in sales in Q1 of 2025, compared to AED 8 billion in all of 2024, demonstrating solid demand on developments managed by Royal Development Company.
In addition to its business achievements, Royal Development Company has been actively exploring ways to integrate best sustainability practices in its developments.
“With the rising importance of sustainability in shaping the future of real estate, we strive to align our strategies to contribute to the UAE’s Net-Zero vision”, explained Nazzal. He continued: “One practice that recently caught our attention is Building Decarbonization, a revolutionary real estate strategy using AI and data analytics to reduce carbon dioxide emissions from buildings through energy-efficient designs, sustainable materials and renewable energy sources. This practice is not only environmentally responsible, but also financially viable, marking a pivotal advance in our industry’s role in mitigating climate change”.
Further highlighting its commitment to sustainable practices, as well as to the preservation of the environment, Royal Development Company partook in ESG’s initiative for the restoration of mangroves at Umm Yifenah island in Abu Dhabi. Equipped with seedlings and spades, team members collaborated in the planting of mangroves, making a direct contribution to the island’s environmental conservation efforts and helping mitigate the adverse effects of climate change.
In that perspective, ESG’s CEO Kayed Khorma said: “Through such initiatives, ESG not only supports the ecological health of Abu Dhabi, but also reinforces its role as a leader in corporate responsibility. The event was a powerful ESG team building activity that enriched our collective understanding of environmental challenges and demonstrated a strong commitment to steering our community towards a more sustainable and resilient future.”
It is noteworthy that, under the ESG umbrella, Royal Development Company has signed a collaborative agreement in 2024 with Mexico’s prestigious Anàhuac University, awarding a one-month internship to the university’s top performing student who got to work alongside seasoned professionals on real-world projects.
