MERED appoints Michael Belton as CEO to lead innovative projects

 

He will focus on expanding the company's portfolio in the UAE

 
October 24, 2024 Real Estate
 

MERED appoints Michael Belton as CEO to lead innovative projects
 

MERED, the award-winning international real estate developer, announced the appointment of Michael Belton as its new CEO. In his new role, Michael will focus on expanding the company’s portfolio in the UAE, including the development of the ICONIC Tower and Large-scale Abu Dhabi project on Al Reem Island. He is also tasked with growing the MERED team to support future growth across the UAE and GCC region, enhancing investor relations, increasing the company’s market visibility, and driving innovative projects that set new standards in the real estate sector.

Prior to joining Mered, Michael served as Head of Development for the Qiddiya Performing Arts Center in Saudi Arabia, a key part of the Kingdom’s Vision 2030 initiative. In this role, he led a world-class team to deliver an iconic property in Qiddiya City, envisioned as Saudi Arabia’s future entertainment hub. He also held the position of CEO at Wainbridge Capital, where he managed operations across four countries and restructured the company’s board during a major merger. 

With over three decades of leadership experience in the real estate industry, Michael brings a wealth of expertise in managing and developing large-scale, high-profile projects across global markets. Throughout his career, he has successfully overseen real estate assets exceeding US$5 billion in value, including luxury residences, class-A office spaces, civic landmarks, hotels, and mixed-use developments.

Michael Belton, CEO of MERED, commented, “We are at a pivotal moment for MERED, as the UAE's real estate market experiences remarkable growth. The luxury segment is expected to continue expansion to 2029, culminating in a market volume of $760 billion by 2029. This trend showcases the region's relentless ambition and innovation in real estate. I am eager to harness MERED's strong foundations and collaborate with our team to deliver projects that embody this new paradigm, pushing the boundaries of design and purpose.”

MERED’s current projects highlight its bold vision for the future of urban living. The ICONIC Tower in Dubai Internet City, set to be the tallest building in the area at 284 meters, represents a new standard in architectural innovation. Additionally, the forthcoming waterfront project on Al Reem Island in Abu Dhabi occupies two adjacent plots, totaling over 23,000 square meters with a built-up area of 250,000 square meters. Michael’s leadership arrives at a pivotal moment, underscoring MERED’s commitment to redefining urban spaces with innovative design and uncompromising quality. 

UAE real estate  ICONIC Tower  MERED    

MORE FROM BUILT ENVIRONMENT

Optimising Asset Performance and Accelerating Decarbonisation
Optimising Asset Performance and Accelerating Decarbonisation

Graham Easton, UAE General Manager, ENGIE Solutions, speaks to Built Environment ME on how the company helps clients increase operational efficiency and reduce their energy costs through innovative solutions

November 6, 2024
How traditional building materials help preserve KSA’s heritage
How traditional building materials help preserve KSA’s heritage

Marco Fahd, Group Chairman and CEO of Versatile International explains what makes natural stones a sustainable choice for construction.

November 6, 2024
Green buildings and smart facilities are cornerstones of sustainable future
Green buildings and smart facilities are cornerstones of sustainable future

Adnan Jabri, General Manager, Ontegra

November 6, 2024
Sustainable and Green Developments
Sustainable and Green Developments

Zarah Evans, Co-owner & Managing Partner of Exclusive Links Real Estate Brokers speaks about sustainable developments in Dubai transforming the skyline and offering lucrative opportunities for developers and investors.

November 6, 2024
Enhancing holistic wellbeing
Enhancing holistic wellbeing

Jennifer Andal, Director – Owners’ Affairs speaks about how Better Communities Owner Association Management is leading the way in enhancing the quality of life for residents

November 6, 2024
DIFC continues to drive global action in shaping greener economies – Announces 2nd edition of the Future Sustainability Forum in Dubai
DIFC continues to drive global action in shaping greener economies – Announces 2nd edition of the Future Sustainability Forum in Dubai

DIFC’s forum aligns with vision of UAE’s leadership to fast-track the transition to greener economies through sustainable technology, banking and finance, renewable energy, and waste management.

November 4, 2024
Dubai Real Estate Sector Strategy 2033 poised to drive growth
Dubai Real Estate Sector Strategy 2033 poised to drive growth

The Dubai Land Department aims to strengthen Dubai’s position as a global innovation and sustainable growth leader

November 1, 2024 Real Estate
Giga-projects: Integrated technology solutions
Giga-projects: Integrated technology solutions

MRI Software explores the integrated approach and risk management strategies for successful project delivery

November 1, 2024
How Facilio is fueling growth of Saudi IFM
How Facilio is fueling growth of Saudi IFM

Prabhu Ramachandran, CEO of proptech firm, Facilio speaks to Fyna Ashwath regarding the huge potential of technology in scaling the growth of the FM industry in Saudi Arabia.

November 1, 2024
Engineering a New Era
Engineering a New Era

Paul Fraser, Director of Planning, Design and Engineering, Saudi Arabia at AtkinsRéalis speaks to Built Environment ME about the detailed planning behind Saudi Arabia’s strategic infrastructural shift

November 1, 2024
 
Subscribe to our newsletter