ANAX Developments Appoints Raja Alameddine as CEO

DUBAI, UAE – ANAX Developments has appointed industry veteran Raja Alameddine as Chief Executive Officer, as the Dubai-based developer positions itself for its next stage of growth and expansion within the UAE’s luxury real estate market.

Alameddine brings more than three decades of experience in real estate development across regional and international markets, having held senior leadership roles at companies including Colliers International, Gulf Related, Jeddah Economic Company, Solidere International, and Lootah Real Estate Development.

Over the course of his career, Alameddine has overseen a broad range of developments spanning large-scale master-planned cities, mixed-use projects and complex real estate ventures across multiple markets.

He holds an MBA and a Bachelor of Engineering from the American University of Beirut, combining technical and strategic expertise developed through decades of leadership in the sector.

In his new role, Alameddine will oversee ANAX Developments’ strategic direction, with a focus on sustainable growth, international expansion and strengthening the company’s positioning within the luxury real estate segment.

Strategic expansion and market positioning

The appointment comes at a time when Dubai’s real estate market continues to evolve, with developers increasingly focusing on premium projects, execution quality and long-term value creation.

Satish Sanpal, founder and chairperson of ANAX Holding, said the leadership transition aligns with the company’s long-term ambitions and the broader direction of the market. “We see the current period of market recalibration as a moment to prepare for the surge that will follow,” Sanpal said. “We are strengthening our operations while ensuring that our launches, construction and deliveries remain on track and executed with precision.”

He added: “Raja has a deep understanding of the real estate landscape and proven management expertise across global enterprises. We are confident in his ability to lead ANAX Developments into its next phase of growth and take the business to new heights.”

Focus on luxury and international standards

Alameddine said he is joining the company during a period of strong momentum and expansion. “I am proud to join ANAX Developments at such an exciting phase of its growth,” he said. “With a strong and expanding portfolio, I look forward to working with the team to deliver exceptional projects and introduce new developments that reflect ANAX’s commitment to luxury and innovation.”

“Our strategy will focus on delivering projects that meet international standards of quality, execution and long-term value,” he added.

In addition to overseeing day-to-day operations, Alameddine will be responsible for shaping the company’s long-term strategic roadmap, with a focus on delivering projects in key locations and strengthening ANAX Developments’ presence within Dubai’s competitive luxury real estate market.

The appointment reflects continued activity across the UAE’s development sector, where experienced leadership and operational expertise remain central to navigating evolving market conditions and sustaining long-term growth.