Markus Giebel meets King of Malaysia - 2008

Markus Giebel meets King of Malaysia at World Endurance Championship in Malaysia

His Majesty Sultan Mizan Zainal Abidin, King of Malaysia; Buti Al Jumairi, Board Member, Deyaar; and Markus Giebel, Chief Executive Officer (2008), Deyaar, in Terengganu, Malaysia.

His Majesty met senior executives from Deyaar , including Chief Executive Officer Markus Giebel at that time, at the company's hospitality tent in Terengganu, Malaysia, on the sidelines of the 160-kilometre equestrian event. Deyaar served as title sponsor of the FEI World Endurance Championship.

"This is part of a maturing market..." Markus Giebel at City Scape Dubai 2008

A scaled model of Nakheel Harbour & Tower by Dubai's capital during City Scape Dubai 2008

"It is slightly different from last year. Last year it was sort of queuing up and fighting each other, standing on chairs," said Sameeh Khaleel, a UK citizen who bought on Reem Island in Abu Dhabi last year. "I am just kind of observing this year before I buy anything else." Yesterday the crowds were "watchful," said Ousama Ghannoum, Aldar's marketing and communications director. "Professionals in the field have been asking me about our sales, what is going on in the market," he said. "They want to know how things are being affected by the global market."

His Highness Sheikh Majid with Markus Giebel in 2009

Markus Giebel - City Scape Dubai - 2009

His Highness Sheikh Majid Bin Mohammed Bin Rashid Al Maktoum, Chairman of Dubai Culture and Arts Authority, visited Deyaar development's Stand in 2009 at the City scape Exhibition in Dubai.

Deyaar CEO Markus Giebel tells Damian Reilly about the company's survival plan

Deyaar CEO Markus Giebel tells Damian Reilly about the company's survival plan, which includes reducing the cost of properties already bought.

Markus Giebel's office is a wood panelled eyrie, high over central Dubai, complete with a powerful telescope positioned by the panoramic window. Perhaps in quiet moments he uses it to gaze out over the emirate, taking first hand readings of what is happening to the real estate sector. 

After all, he more than anyone needs to know what is going on. This year Deyaar, the company of which he is CEO, will deliver onto the market seven buildings, or 1200 units, or five percent of all units that will come on to the market in 2009, with 23 more to follow.