HOLM Developments builds design-led, mid- to high-end residential homes and waterfront mixed-use destinations in Dubai and Batumi, serving young professionals, couples, small families, investors and urban residents seeking connected locations, furnished living, thoughtful amenities and long-term value through self-funded development.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
No evidenced risk flags in the sources reviewed. An absence of flags is not evidence that there is no risk.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
Investment and development agreement for a 140,000 sqm multifunctional complex within Ambassadori Island.
Main construction contract for LINEA by HOLM in Jumeirah Garden City.
signing of an international investment and development agreement with Ambassadori Island Batumi
international investment and development agreement
The agreement represents an investment of more than US$250 million and will see HOLM develop a 140,000 sqm multifunctional complex within Ambassadori Island
HOLM Developments has officially awarded the main construction contract for LINEA by HOLM to Aroma International Building Contracting.
main construction contract for LINEA by HOLM to Aroma International Building Contracting
This appointment marks a pivotal milestone for the developer’s second residential project in the heart of Jumeirah Garden City.
| DEVELOPER LICENCE | 2428 Dubai Land Department · AE · current |
| United Arab Emirates | active 0 projects tracked |
| Georgia | active 0 projects tracked |
| no project types recorded |
Timeless design doesn’t have to be fast. If you want to deliver something that lasts, speed is not always your answer.HOLM Developments November 25, 2025https://holm.ae/news/holm-developments-ceo-mr-sergey-avayan-timeless-homes-dont-need-to-be-built-fast/
A home is a sanctuary.HOLM Developments November 25, 2025https://holm.ae/news/holm-developments-ceo-mr-sergey-avayan-timeless-homes-dont-need-to-be-built-fast/
Master of Science - MS, Comparative Politics at The London School of Economics and Political Science (LSE) ... Bachelor of Arts - BA, Business and International Relations at Oxford Brookes University
Sergey Avayan has spent more than 15 years building, investing, and growing within Dubai’s real estate landscape
# Sergey Avayan CEO at Holm Developments
### Co-Founder & CEO - Treelogy Group (Jan 2021 - Sep 2025) ... ### Founder & CEO - SteriGroup (Mar 2018 - Sep 2025)
Published on: November 25, 2025
“Timeless design doesn’t have to be fast,” he said. “If you want to deliver something that lasts, speed is not always your answer.”
“A home is a sanctuary,” he noted.
As CEO of HOLM Developments, he leads with a strategic view
### Chief Executive Officer - Holm Developments (Current) Jan 2025 - Present
As CEO of HOLM Developments, he leads with a strategic view, developing projects that balance architectural quality, thoughtful design, and practical execution
CEO at Holm Developments | Serial Entrepreneur | 15+ Years in Dubai Real Estate | Building What’s Next
Sergey Avayan Chief Executive Officer
Mahmud Raad leads development and delivery across all HOLM projects
Mahmud Raad leads development and delivery across all HOLM projects, overseeing each stage from land acquisition to handover.
Mahmud Raad leads development and delivery across all HOLM projects, overseeing each stage from land acquisition to handover. With decades of experience delivering complex developments across Dubai, he has managed thousands of homes
Before joining HOLM, he played a key role in transforming the Expo 2020 site into a fully integrated neighbourhood, including 15 towers and 2,300 homes, alongside world-class parks, public infrastructure, a regional shopping mall, and the Middle East’s largest conference and exhibition centre.
Mahmud Raad Chief Development Officer
Master's degree of accounting Accounting and audit at International Accountancy Training Center ... Master's degree audit and accounting at Yerevan State Institute of public Economy
Hasmik Harutyunyan Chief Finance Officer
# Hasmik Harutyunyan FCCA CFO | Holm Real Estate Development L.L.C (Dubai)
### CFO - Lavish Town Real Estate Development L.L.C (Current)
Head of Tax Services at PHP Partners ... Tax and Legal Services Leader - PricewaterhouseCoopers Armenia LLC ... Manager of tax and accounting depatment - Paradigma Armenia Accounting, Consulting and Research Company ... Ministry of Finance
### Chief Financial Officer - Holm Developments (Current) Jun 2025 - Present
### Chief Financial Officer - Holm Developments (Current) Jun 2025 - Present
Experienced Tax Specialist with a demonstrated history of working in the accounting industry. Skilled in Accounting, Internal Controls, Tax, Auditing, and Financial Accounting. Strong legal professional graduated from Yerevan State Institute of public Economy, ACCA member.
CFO | Holm Real Estate Development L.L.C (Dubai) & Lavish Town Real Estate Development L.L.C (Dubai)
Hasmik Harutyunyan Chief Finance Officer
Master of Business Administration - MBA, Business Administration and Management, General at University of Wollongong in Dubai ... Higher Diploma: Institute of Canadian Bankers ... Diploma: Chartered Institute for Banker’s London
Dora Samoodi Head of Sales
# dora samoodi ### Head of Sales - Holm Developments (Current)
### Sales Director - Tiger Properties ... ### Senior Sales Director Office Director - Trinity Global ... ### Director of Operations - Dorchester Properties Registration Trustee ... Vendex Enterprise LLC ... ### Senior Sales Manager - Deyaar Development ... ### Assistant Marketing Manager Property Investment Consultant - Al Rostamani Group
### Head of Sales - Holm Developments (Current) Sep 2025 - Present
### Head of Sales - Holm Developments (Current) Sep 2025 - Present
Leading the sales division at Holm Developments, I oversee project launches, pricing strategy, and broker network expansion while building a high-performance in-house sales team.
Closed AED 1B+ in off-plan real estate sales within the Dubai market.
Dora Samoodi Head of Sales
HN Dip Building Surveying at University of Johannesburg
# Frank Winfield Development Director
### Delivery Director - Dubai World Trade Centre ... ### Director - SIP Global Project Managers
Frank Winfield Development Director
Experienced in Development Management, Project Management, Construction Management, Contract Administration, Project Planning and Execution
Total Experience: 37 years and 8 months
Frank Winfield Development Director
Muhammad Umair Marketing Manager
# Muhammad Umair Real Estate Marketer
### Marketing Manager - Prescott Development ... ### Marketing Consultant - Empire Developments ... ### Senior Marketing Manager - Artha Realty LLC ... ### Marketing Director - GREENLAND REAL ESTATE DEVELOPERS PRIV LIMITED ... ### NAFFCO GROUP ... ### Brand Marketing Specialist - Alyousuf Motors ... ### Senior Marketing Executive - TradeKey
### Head of Marketing - Holm Developments (Current) Jun 2025 - Present
### Head of Marketing - Holm Developments (Current) Jun 2025 - Present
### Head of Marketing - Holm Developments (Current) Jun 2025 - Present (1 year and 2 months) in Dubai, Dubai, United Arab Emirates
Total Experience: 17 years and 2 months
Muhammad Umair Marketing Manager
No qualifying completions found in this window.
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|
| Coverage | active |
| Tracked since | October 6, 2026 |
| Last checked | October 15, 2026 this month |
| Profile last researched | October 15, 2026 |
| Claim |