Artificial Intelligence
Builders Company
Developers/Major Developments
MD
Major DevelopmentsDubai, United Arab Emirates · founded 2022 · 1 active markets
PRIVATE
majordevelopments.ae

Major Developments builds luxury residential towers and lifestyle-focused real-estate destinations in the United Arab Emirates, especially Ras Al Khaimah, for homeowners and global investors. Its model combines off-plan sales, mixed-use development, hospitality, commercial and masterplan projects, with design-led amenities and.

Years in business
4
founded 2022
LinkedIn headcount
66
employees, as shown on LinkedIn · date not shown · size band 51–200
Assets under management
AED 3.6 billion
date not shown
Projects last researched October 14, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Major Real Estate Investment and Development LLC1
Headquarters
Office 12031, Dubai1, UAE
Founded
20221
Entity type
PRIVATE1
Business model
mixed use, commercial1, masterplan1
Markets
1 market listed
What they build
no project types recorded
Full dossier in About →

Delivery record

0 date-assessed of 0 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
0
within the rolling ten-year window
Median delay
—
the middle of no scored projects
Average delay
—
the same projects, pulled by the worst
Average time to deliver
—
no delivered projects with a dated start — needs 3
Worst slip
—
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

Not enough info yet.
Projects and timelines in Track Record →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS 2011-05-01 (reported); the project’s problems were traced back to 2009-2010 La Hoya Bay, then tied to Khoie Properties and later described as part of Major Developments’ history, was still stalled with no end in sight in 2011 after a 2009 court intervention over a bounced Dh57m cheque, appointment of a court custodian, and unfulfilled refund offers to investors.
  • DELIVERY DELAY Launch commitment reported 30 April 2024; revised status published 2 October 2026; research position as of 14 October 2026. Manta Bay, Major Developments’ Al Marjan Island project in Ras Al Khaimah, was originally reported at launch as scheduled for completion at the end of 2026, but a 2 October 2026 status review reported that the developer’s current website and microsite had moved handover to Q2 2027; the project remained under construction, so this is a documented schedule slippage rather than evidence of abandonment or non-delivery after the revised date.
Record status
active
Company sources
136 source entries across 136 fields
Projects tracked
0 · 0 completed in assessment
All flags and sources →

Track Record

Delivery record

0 date-assessed of 0 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
0
within the rolling ten-year window
Median delay
—
the middle of no scored projects
Average delay
—
the same projects, pulled by the worst
Average time to deliver
—
no delivered projects with a dated start — needs 3
Worst slip
—
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

Not enough info yet.

Construction start to handover

0 of 0 projects dated · 0 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
No dated projects to plot.
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

About

Company dossier

Legal name
Major Real Estate Investment and Development LLC
Headquarters
Office 1203, Dubai, UAE
Dubai Marina
Founded
2022
Entity type
PRIVATE
Revenue
not published
Business model
mixed use, commercial, masterplan

Partners

5 partners
Marjan
landowner

Signed a land acquisition agreement for Major Developments’ third upcoming project in Ras Al Khaimah.

Bayaty Architects
partner

Architectural design collaboration for the Marjan Beach luxury residential landmark.

Construction Piling Company (CPC)
contractor

Appointed for enabling works at Colibri Views in RAK Central.

Francesco Totti
partner

Brand adviser partnership contributing insights to the evolution of Major Developments’ projects.

Patrice Evra
partner

Project partner for Colibri Views, including a rooftop football-simulator wellness experience.

Sources: name

REGULATOR2025-12-23

UAE-based Major Developments Announces New Luxury Residences on Marjan Beach, RAK’s Most Ambitious Coastal Destination

Marjan
Abdulla Al Abdouli, Group Chief Executive Officer of Marjan, and Andrei Charapenak, CEO of Major Developments, officially signed the land acquisition agreement for Major Developments’ third upcoming project in Ras Al Khaimah.
value seen: Marjan
https://marjan.ae/press-releases/uae-based-major-developments-announces-new-luxury-residences-on-marjan-beach-raks-most-ambitious-coastal-destination

Sources: partner type

REGULATOR2025-12-23

UAE-based Major Developments Announces New Luxury Residences on Marjan Beach, RAK’s Most Ambitious Coastal Destination

Marjan
Abdulla Al Abdouli, Group Chief Executive Officer of Marjan, and Andrei Charapenak, CEO of Major Developments, officially signed the land acquisition agreement for Major Developments’ third upcoming project in Ras Al Khaimah.
value seen: Land acquisition agreement
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://marjan.ae/press-releases/uae-based-major-developments-announces-new-luxury-residences-on-marjan-beach-raks-most-ambitious-coastal-destination

Sources: name

REGULATOR2025-12-23

UAE-based Major Developments Announces New Luxury Residences on Marjan Beach, RAK’s Most Ambitious Coastal Destination

Marjan
Major Developments’ luxury residential landmark will be developed in collaboration with Bayaty Architects, the globally acclaimed design firm known for its exemplary craftsmanship, contemporary sensibilities, and signature modern spatial philosophy.
value seen: Bayaty Architects
https://marjan.ae/press-releases/uae-based-major-developments-announces-new-luxury-residences-on-marjan-beach-raks-most-ambitious-coastal-destination

Sources: partner type

REGULATOR2025-12-23

UAE-based Major Developments Announces New Luxury Residences on Marjan Beach, RAK’s Most Ambitious Coastal Destination

Marjan
Major Developments’ luxury residential landmark will be developed in collaboration with Bayaty Architects, the globally acclaimed design firm known for its exemplary craftsmanship, contemporary sensibilities, and signature modern spatial philosophy.
value seen: Architectural design collaboration
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://marjan.ae/press-releases/uae-based-major-developments-announces-new-luxury-residences-on-marjan-beach-raks-most-ambitious-coastal-destination

Sources: name

PRESS2026-06-25

Major Developments appoints contractor for Colibri Views

Zawya
For the enabling works at Colibri Views, Major Developments has appointed Construction Piling Company (CPC), led on the project by Ihsan Al-Zaidi, Project Manager.
value seen: Construction Piling Company (CPC)
https://www.zawya.com/en/press-release/companies-news/major-developments-appoints-contractor-for-colibri-views-g1864ly8

Sources: partner type

PRESS2026-06-25

Major Developments appoints contractor for Colibri Views

Zawya
For the enabling works at Colibri Views, Major Developments has appointed Construction Piling Company (CPC), led on the project by Ihsan Al-Zaidi, Project Manager.
value seen: Enabling-works contractor appointment
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.zawya.com/en/press-release/companies-news/major-developments-appoints-contractor-for-colibri-views-g1864ly8

Sources: name

PRESS2025-01-21

Major Developers welcomes Francesco Totti as Brand Adviser

TravelDailyNews
Major Developers, one of the UAE’s leading real estate innovators, announced its partnership with global football icon Francesco Totti. ... Totti will serve as Major Developers’ brand adviser
value seen: Francesco Totti
https://www.traveldailynews.com/real-estate/major-developers-welcomes-legendary-footballer-francesco-totti-as-brand-adviser/

Sources: partner type

PRESS2025-01-21

Major Developers welcomes Francesco Totti as Brand Adviser

TravelDailyNews
Major Developers, one of the UAE’s leading real estate innovators, announced its partnership with global football icon Francesco Totti. ... Totti will serve as Major Developers’ brand adviser
value seen: Brand-adviser partnership
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.traveldailynews.com/real-estate/major-developers-welcomes-legendary-footballer-francesco-totti-as-brand-adviser/

Sources: name

PRESS2025-09-29

Patrice Evra partners with Major Developments to launch innovative Colibri Views in RAK Central

Gulf News
Major Developments has officially announced international football icon Patrice Evra as Project Partner for Colibri Views, its upcoming flagship tower in Ras Al Khaimah.
value seen: Patrice Evra
https://gulfnews.com/gn-focus/patrice-evra-partners-with-major-developments-to-launch-innovative-colibri-views-in-rak-central-1.500287514

Sources: partner type

PRESS2025-09-29

Patrice Evra partners with Major Developments to launch innovative Colibri Views in RAK Central

Gulf News
Major Developments has officially announced international football icon Patrice Evra as Project Partner for Colibri Views, its upcoming flagship tower in Ras Al Khaimah.
value seen: Project-partner collaboration
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://gulfnews.com/gn-focus/patrice-evra-partners-with-major-developments-to-launch-innovative-colibri-views-in-rak-central-1.500287514

Registrations & licences

OTHER1186511
Not stated on page · AE
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Arab Emiratesactive 0 projects tracked

What they build

no project types recorded
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
AC
Andrei Charapenak
Charapenak is Major Developments’ CEO and the most senior publicly documented executive found. His public profile places him in the role since January 2020; independent reporting quotes him on the company’s RAK strategy and on shifting property development toward more agile, technology-led models.
Current title
Chief Executive Officer
since Jan 2020 - Present
Experience
no career length stated
Companies before
none sourced
Education
Moscow State UniversityMaster of Business Administration - MBA
Other boards
none sourced
Known for
CEOMBA
https://linkedin.com/in/andrei-charapenak
We can’t keep building the way we did ten years ago and expect to lead tomorrow. Day of Dubai 2025-06-04https://dayofdubai.com/news/why-uaes-real-estate-sector-must-think-like-the-tech-industry-andrei-charapenak-advocates-for-agile-development
Launching Manta Bay in Ras Al Khaimah is a strategic move that aligns with our ambition to lead in the luxury real estate sector. Major Developments 2026-03-30https://majordevelopments.ae/major-developments-breaks-ground-on-dh1-billion-manta-bay-project-in-ras-al-khaimah

Sources: degree

SOCIALdate not shown in source

Andrei Charapenak

LinkedIn
### Master of Business Administration - MBA at [Moscow State University]
value seen: Master of Business Administration - MBA
https://linkedin.com/in/andrei-charapenak

Sources: institution

SOCIALdate not shown in source

Andrei Charapenak

LinkedIn
### Master of Business Administration - MBA at [Moscow State University]
value seen: Moscow State University
https://linkedin.com/in/andrei-charapenak

Sources: linkedin page

SOCIALdate not shown in source

Andrei Charapenak

LinkedIn
# Andrei Charapenak Chief Executive Officer at Major Developments
value seen: https://linkedin.com/in/andrei-charapenak
https://linkedin.com/in/andrei-charapenak

Sources: quote

PRESS2025-06-04

Why UAE’s Real Estate Sector Must Think Like the Tech Industry: Andrei Charapenak Advocates for Agile Development

Day of Dubai
“We can’t keep building the way we did ten years ago and expect to lead tomorrow,” Charapenak stated.
value seen: We can’t keep building the way we did ten years ago and expect to lead tomorrow.
https://dayofdubai.com/news/why-uaes-real-estate-sector-must-think-like-the-tech-industry-andrei-charapenak-advocates-for-agile-development

Sources: quote

COMPANY2026-03-30

Major Developments breaks ground on Dh1 billion Manta Bay Project in Ras Al Khaimah

Major Developments
“Launching Manta Bay in Ras Al Khaimah is a strategic move that aligns with our ambition to lead in the luxury real estate sector. This project embodies our commitment to creating world-class living experiences in a market that holds tremendous potential,” said Andrei Charapenak, CEO of Major Developers.
value seen: Launching Manta Bay in Ras Al Khaimah is a strategic move that aligns with our ambition to lead in the luxury real estate sector.
https://majordevelopments.ae/major-developments-breaks-ground-on-dh1-billion-manta-bay-project-in-ras-al-khaimah

Sources: since

SOCIALdate not shown in source

Andrei Charapenak

LinkedIn
### Chief Executive Officer - [Major Developments] (Current) Jan 2020 - Present (6 years and 8 months)
value seen: Jan 2020 - Present
https://linkedin.com/in/andrei-charapenak

Sources: summary

PRESS2025-06-04

Why UAE’s Real Estate Sector Must Think Like the Tech Industry: Andrei Charapenak Advocates for Agile Development

Day of Dubai
Andrei Charapenak, CEO of Major Developers, says it’s time for the sector to adopt a tech-driven mindset in order to thrive in a fast-changing landscape.
value seen: Charapenak is Major Developments’ CEO and the most senior publicly documented executive found. His public profile places him in the role since January 2020; independent reporting quotes him on the company’s RAK strategy and on shifting property development toward more agile, technology-led models.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://dayofdubai.com/news/why-uaes-real-estate-sector-must-think-like-the-tech-industry-andrei-charapenak-advocates-for-agile-development

Sources: tags

COMPANY2026-03-30

Major Developments breaks ground on Dh1 billion Manta Bay Project in Ras Al Khaimah

Major Developments
said Andrei Charapenak, CEO of Major Developers.
value seen: CEO
https://majordevelopments.ae/major-developments-breaks-ground-on-dh1-billion-manta-bay-project-in-ras-al-khaimah

Sources: tags

SOCIALdate not shown in source

Andrei Charapenak

LinkedIn
### Master of Business Administration - MBA at [Moscow State University]
value seen: MBA
https://linkedin.com/in/andrei-charapenak

Sources: title

COMPANYdate not shown in source

Major Developments

Major Developments · carried by linkedin.com
- Andrei Charapenak: Chief Executive Officer
value seen: Chief Executive Officer
https://www.linkedin.com/company/major-developments-uae
UI
Uladzislau Ilyinau
Ilyinau is the CFO, with responsibility described publicly for financial reporting, budgeting and forecasting, risk management, cash-flow management, investor relations and the finance function. His earlier profile history includes finance and analytics roles and founding a trading venture; he holds a finance BBA from the American University in Dubai.
Current title
Chief Financial Officer
since Jul 2023 - Present
Experience
no career length stated
Companies before
LLC “Belsion”LSEGLP “Transit Development”
Education
American University in DubaiBachelor of Business Administration - BBA, Finance
Other boards
Founder, IVCapital Trading Startup
Known for
CFOFinance and riskBBA Finance
https://linkedin.com/in/uladzislau-ilyinau

Sources: degree

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
### Bachelor of Business Administration - BBA, Finance at [American University in Dubai]
value seen: Bachelor of Business Administration - BBA, Finance
https://linkedin.com/in/uladzislau-ilyinau

Sources: institution

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
### Bachelor of Business Administration - BBA, Finance at [American University in Dubai]
value seen: American University in Dubai
https://linkedin.com/in/uladzislau-ilyinau

Sources: linkedin page

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
# Uladzislau Ilyinau CFO @ Major Real Estate Development
value seen: https://linkedin.com/in/uladzislau-ilyinau
https://linkedin.com/in/uladzislau-ilyinau

Sources: other boards

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
### Founder - [IVCapital Trading Startup] (Current)
value seen: Founder, IVCapital Trading Startup
value paraphrased from this source
https://linkedin.com/in/uladzislau-ilyinau

Sources: previous companies

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
### Commercial Finance Director - LLC “Belsion”
value seen: LLC “Belsion”
https://linkedin.com/in/uladzislau-ilyinau

Sources: previous companies

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
### Data and Analytics Research Intern - LSEG
value seen: LSEG
https://linkedin.com/in/uladzislau-ilyinau

Sources: previous companies

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
### Co-Founder - LP “Transit Development”
value seen: LP “Transit Development”
https://linkedin.com/in/uladzislau-ilyinau

Sources: since

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
### Chief Financial Officer - [Major Developments] (Current) Jul 2023 - Present (3 years and 2 months)
value seen: Jul 2023 - Present
https://linkedin.com/in/uladzislau-ilyinau

Sources: summary

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
Strategic Planning and Leadership: Collaborate with the executive team to align financial strategies with Major Development's growth targets, particularly in the UAE, ensuring our goals support the company's vision.
value seen: Ilyinau is the CFO, with responsibility described publicly for financial reporting, budgeting and forecasting, risk management, cash-flow management, investor relations and the finance function. His earlier profile history includes finance and analytics roles and founding a trading venture; he holds a finance BBA from the American University in Dubai.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/uladzislau-ilyinau

Sources: tags

COMPANYdate not shown in source

Major Developments

Major Developments · carried by linkedin.com
- Uladzislau Ilyinau: Chief Financial Officer
value seen: CFO
held out of the figures · the quote does not carry this value
https://www.linkedin.com/company/major-developments-uae

Sources: tags

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
CFO @ Major Real Estate Development | Finance, Risk Management
value seen: Finance and risk
held out of the figures · the quote does not carry this value
https://linkedin.com/in/uladzislau-ilyinau

Sources: tags

SOCIALdate not shown in source

Uladzislau Ilyinau

LinkedIn
### Bachelor of Business Administration - BBA, Finance at [American University in Dubai]
value seen: BBA Finance
https://linkedin.com/in/uladzislau-ilyinau

Sources: title

COMPANYdate not shown in source

Major Developments

Major Developments · carried by linkedin.com
- Uladzislau Ilyinau: Chief Financial Officer
value seen: Chief Financial Officer
https://www.linkedin.com/company/major-developments-uae
DA
Dijana Avramovic
Avramovic is the CMO, leading marketing and brand work as Major Developments expands its UAE portfolio. Her documented background spans real-estate development marketing, communications and business development, including BNW Developments, UAS International Trip Support, Softversum and FIVE Communications.
Current title
Chief Marketing Officer
since May 2025 - Present
Experience
no career length stated
Companies before
BNW DevelopmentsUAS International Trip SupportSoftversumFIVE CommunicationsThe Black Dog Tavern, Co.
Education
Megatrend UniversityBachelor of Science - BS, International Economics and Finance
University of BelgradeBachelor of Arts - BA, International Relations and Affairs
Other boards
Founder, DIA InternationalCommittee Member, Dubai Chamber
Known for
Chief Marketing OfficerReal-estate marketingInternational Economics and Finance
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: degree

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Bachelor of Science - BS International Economics and Finance at [Megatrend University]
value seen: Bachelor of Science - BS, International Economics and Finance
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: institution

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Bachelor of Science - BS International Economics and Finance at [Megatrend University]
value seen: Megatrend University
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: degree

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Bachelor of Arts - BA International Relations and Affairs at [University of Belgrade]
value seen: Bachelor of Arts - BA, International Relations and Affairs
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: institution

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Bachelor of Arts - BA International Relations and Affairs at [University of Belgrade]
value seen: University of Belgrade
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: linkedin page

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
# Dijana Avramovic Real Estate Development Marketing | Expert in Tailored Brand Experiences & Exclusive Client Solutions
value seen: https://linkedin.com/in/dijana-avramovic-54395a5b
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: other boards

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Founder - [DIA International] (Current)
value seen: Founder, DIA International
value paraphrased from this source
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: other boards

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Committee Member at Dubai Chamber
value seen: Committee Member, Dubai Chamber
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: previous companies

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Chief Marketing Officer - [BNW Developments]
value seen: BNW Developments
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: previous companies

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Marketing Consultant - [UAS International Trip Support]
value seen: UAS International Trip Support
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: previous companies

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Head of Marketing - [Softversum]
value seen: Softversum
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: previous companies

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Marketing Manager - [FIVE Communications]
value seen: FIVE Communications
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: previous companies

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Assistant Sales Manager - [The Black Dog Tavern, Co.]
value seen: The Black Dog Tavern, Co.
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: since

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Chief Marketing Officer - [Major Developments] (Current) May 2025 - Present (1 year and 4 months)
value seen: May 2025 - Present
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: summary

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
Experience in project organization across different areas focused on marketing solutions and brand development.
value seen: Avramovic is the CMO, leading marketing and brand work as Major Developments expands its UAE portfolio. Her documented background spans real-estate development marketing, communications and business development, including BNW Developments, UAS International Trip Support, Softversum and FIVE Communications.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: tags

COMPANYdate not shown in source

Major Developments

Major Developments · carried by linkedin.com
- Dijana Avramovic: Chief Marketing Officer
value seen: Chief Marketing Officer
https://www.linkedin.com/company/major-developments-uae

Sources: tags

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
Real Estate Development Marketing | Expert in Tailored Brand Experiences & Exclusive Client Solutions
value seen: Real-estate marketing
held out of the figures · the quote does not carry this value
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: tags

SOCIALdate not shown in source

Dijana Avramovic

LinkedIn
### Bachelor of Science - BS International Economics and Finance at [Megatrend University]
value seen: International Economics and Finance
https://linkedin.com/in/dijana-avramovic-54395a5b

Sources: title

COMPANYdate not shown in source

Major Developments

Major Developments · carried by linkedin.com
- Dijana Avramovic: Chief Marketing Officer
value seen: Chief Marketing Officer
https://www.linkedin.com/company/major-developments-uae
DT
Dorel Tripon
Tripon heads commercial investments, with his public profile describing work in asset underwriting, yield structuring and tenant acquisition for Major Developments’ commercial strategy. He brings a long restructuring, investment and operating background, including Driven Properties, GrowthSegment, a private investment holding conglomerate and Royal House; he holds an MBA and an applied-electronics engineering degree.
Current title
Head of Commercial Investments
since Jul 2026 - Present
Experience
25+ years ’ experience
Companies before
Driven PropertiesGrowthSegmentPrivate Investment Holding ConglomerateRoyal House LLCRoyal Caribbean International
Education
The Open UniversityMaster of Business Administration - MBA
Technical University of Cluj-NapocaBachelor of Engineering, Applied Electronics
Other boards
Founder & Managing Partner, Royal House LLC
Known for
Head of Commercial InvestmentsMBA
https://linkedin.com/in/doreltripon

Sources: degree

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
#### Master of Business Administration - MBA (AACSB EQUIS
value seen: Master of Business Administration - MBA
https://linkedin.com/in/doreltripon

Sources: institution

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
#### Master of Business Administration - MBA (AACSB EQUIS
value seen: The Open University
held out of the figures · the quote does not carry this value
https://linkedin.com/in/doreltripon

Sources: degree

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Bachelor of Engineering Applied Electronics | Faculty of Electronics at [Technical University of Cluj Napoca]
value seen: Bachelor of Engineering, Applied Electronics
https://linkedin.com/in/doreltripon

Sources: institution

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Bachelor of Engineering Applied Electronics | Faculty of Electronics at [Technical University of Cluj Napoca]
value seen: Technical University of Cluj-Napoca
https://linkedin.com/in/doreltripon

Sources: linkedin page

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
# Dorel Tripon
value seen: https://linkedin.com/in/doreltripon
https://linkedin.com/in/doreltripon

Sources: other boards

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Founder & Managing Partner - Royal House LLC
value seen: Founder & Managing Partner, Royal House LLC
value paraphrased from this source
https://linkedin.com/in/doreltripon

Sources: previous companies

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Senior Advisor, Commercial Real Estate Investments Forbes Global Properties Affiliate - [Driven Properties]
value seen: Driven Properties
https://linkedin.com/in/doreltripon

Sources: previous companies

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Principal Consultant Enterprise Strategy & Operational Restructuring - [GrowthSegment]
value seen: GrowthSegment
https://linkedin.com/in/doreltripon

Sources: previous companies

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Turnaround Executive & Operating Partner - Private Investment Holding Conglomerate
value seen: Private Investment Holding Conglomerate
https://linkedin.com/in/doreltripon

Sources: previous companies

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Founder & Managing Partner - Royal House LLC
value seen: Royal House LLC
https://linkedin.com/in/doreltripon

Sources: previous companies

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### International Hospitality Operations - Royal Caribbean International
value seen: Royal Caribbean International
https://linkedin.com/in/doreltripon

Sources: since

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Head of Commercial Investments - [Major Developments] (Current) Jul 2026 - Present (1 month)
value seen: Jul 2026 - Present
https://linkedin.com/in/doreltripon

Sources: summary

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
Asset Underwriting: Leading the commercial investment strategy for IceBeach ... Yield Structuring ... Tenant Acquisition: Driving the direct acquisition of tier-1 global hospitality groups
value seen: Tripon heads commercial investments, with his public profile describing work in asset underwriting, yield structuring and tenant acquisition for Major Developments’ commercial strategy. He brings a long restructuring, investment and operating background, including Driven Properties, GrowthSegment, a private investment holding conglomerate and Royal House; he holds an MBA and an applied-electronics engineering degree.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/doreltripon

Sources: tags

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Head of Commercial Investments - [Major Developments] (Current)
value seen: Head of Commercial Investments
https://linkedin.com/in/doreltripon

Sources: tags

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
Total Experience: 25 years and 1 month
value seen: 25+ years’ experience
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/doreltripon

Sources: tags

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
#### Master of Business Administration - MBA (AACSB EQUIS
value seen: MBA
https://linkedin.com/in/doreltripon

Sources: title

SOCIALdate not shown in source

Dorel Tripon

LinkedIn
### Head of Commercial Investments - [Major Developments] (Current)
value seen: Head of Commercial Investments
https://linkedin.com/in/doreltripon
AG
Aynel Gaziyeva
Gaziyeva heads procurement and supply-chain activity. The company’s September 2026 announcement describes her remit as strategic sourcing, contract negotiation, supplier management, cost optimisation and digital procurement transformation across high-value projects; her profile records prior procurement roles across construction, energy and industrial businesses.
Current title
Head of Procurement
since Jun 2026 - Present
Experience
13+ years ’ experience
Companies before
DokaSOCAR DownstreamLafargeHolcimGilan HoldingAzerinteltek
Education
ADA UniversityMaster of Business Administration - MBA, Business Administration, Management and Operations
Other boards
none sourced
Known for
Head of ProcurementMBACIPS member
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: degree

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
#### Master of Business Administration - MBA Business Administration, Management and Operations
value seen: Master of Business Administration - MBA, Business Administration, Management and Operations
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: institution

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
MBA graduate from ADA University and a CIPS member
value seen: ADA University
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: linkedin page

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
Head of Procurement at Major Development with 13 years of experience in strategic sourcing, supply chain management, and procurement
value seen: https://linkedin.com/in/aynel-gaziyeva-a2901a64
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: previous companies

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
### Procurement Professional MEA EAP - [Doka]
value seen: Doka
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: previous companies

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
### Senior Procurement Specialist - [SOCAR Downstream]
value seen: SOCAR Downstream
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: previous companies

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
### Senior Procurement and Contracts Specialist - LafargeHolcim
value seen: LafargeHolcim
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: previous companies

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
### Senior Procurement Risk Management Specialist - Gilan Holding
value seen: Gilan Holding
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: previous companies

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
### Procurement Specialist - Azerinteltek
value seen: Azerinteltek
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: since

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
### Head of Procurement - [Major Developments] (Current) Jun 2026 - Present (3 months)
value seen: Jun 2026 - Present
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: summary

COMPANY2026-09-15

Major Developments is pleased to welcome Aynel Gaziyeva as Head of Procurement. An accomplished procurement and supply chain professional with over a decade of international experience, Aynel brings …

Major Developments · carried by linkedin.com
An accomplished procurement and supply chain professional with over a decade of international experience, Aynel brings extensive expertise across strategic sourcing, contract negotiations, supplier management, cost optimisation and digital procurement transformation.
value seen: Gaziyeva heads procurement and supply-chain activity. The company’s September 2026 announcement describes her remit as strategic sourcing, contract negotiation, supplier management, cost optimisation and digital procurement transformation across high-value projects; her profile records prior procurement roles across construction, energy and industrial businesses.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/posts/major-developments-uae_leadershipannouncement-uaerealestate-activity-7505601072086802433-MUOd

Sources: tags

COMPANY2026-09-15

Major Developments is pleased to welcome Aynel Gaziyeva as Head of Procurement. An accomplished procurement and supply chain professional with over a decade of international experience, Aynel brings …

Major Developments · carried by linkedin.com
Major Developments is pleased to welcome Aynel Gaziyeva as Head of Procurement.
value seen: Head of Procurement
https://www.linkedin.com/posts/major-developments-uae_leadershipannouncement-uaerealestate-activity-7505601072086802433-MUOd

Sources: tags

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
Head of Procurement at Major Development with 13 years of experience in strategic sourcing, supply chain management, and procurement
value seen: 13 years’ experience
held out of the figures · the quote does not carry this value
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: tags

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
#### Master of Business Administration - MBA Business Administration, Management and Operations
value seen: MBA
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: tags

SOCIALdate not shown in source

Aynel Gaziyeva

LinkedIn
MBA graduate from ADA University and a CIPS member
value seen: CIPS member
https://linkedin.com/in/aynel-gaziyeva-a2901a64

Sources: title

COMPANY2026-09-15

Major Developments is pleased to welcome Aynel Gaziyeva as Head of Procurement. An accomplished procurement and supply chain professional with over a decade of international experience, Aynel brings …

Major Developments · carried by linkedin.com
Major Developments is pleased to welcome Aynel Gaziyeva as Head of Procurement.
value seen: Head of Procurement
https://www.linkedin.com/posts/major-developments-uae_leadershipannouncement-uaerealestate-activity-7505601072086802433-MUOd
AB
Ahmad Bahstawi
Bahstawi is a current Sales Director responsible for sales leadership and investor-facing activity in Major Developments’ RAK expansion. The company’s public updates identify him leading broker discussions around the emirate’s emerging districts; his profile records earlier work as a business teacher and an MBA from the London School of Business and Finance.
Current title
Sales Director
since Jun 2025 - Present
Experience
no career length stated
Companies before
Dubai National School (LLC)
Education
London School of Business and Finance (LSBF)Master of Business Administration - MBA, Business Administration and Management, General
Al-Hussein Bin Talal UniversityBachelor’s degree, English Language and Literature/Letters
Other boards
none sourced
Known for
Sales DirectorMBA
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: degree

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Master of Business Administration - MBA, Business Administration and Management, General at [London School of Business and Finance LSBF]
value seen: Master of Business Administration - MBA, Business Administration and Management, General
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: institution

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Master of Business Administration - MBA, Business Administration and Management, General at [London School of Business and Finance LSBF]
value seen: London School of Business and Finance (LSBF)
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: degree

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Bachelor's degree, English Language and Literature/Letters at [Al-Hussein Bin Talal University]
value seen: Bachelor’s degree, English Language and Literature/Letters
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: institution

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Bachelor's degree, English Language and Literature/Letters at [Al-Hussein Bin Talal University]
value seen: Al-Hussein Bin Talal University
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: linkedin page

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Sales Director - [Major Developments] (Current)
value seen: https://linkedin.com/in/ahmad-bahstawi-43685b108
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: previous companies

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Business Teacher - [Dubai National School (LLC)]
value seen: Dubai National School (LLC)
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: since

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Sales Director - [Major Developments] (Current) Jun 2025 - Present (1 year and 3 months)
value seen: Jun 2025 - Present
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: summary

COMPANYdate not shown in source

Major Developments

Major Developments · carried by linkedin.com
Representing Major Developments, Ahmad Bahstawi, Senior Sales Director, led the discussion around the opportunities taking shape across the emirate.
value seen: Bahstawi is a current Sales Director responsible for sales leadership and investor-facing activity in Major Developments’ RAK expansion. The company’s public updates identify him leading broker discussions around the emirate’s emerging districts; his profile records earlier work as a business teacher and an MBA from the London School of Business and Finance.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/company/major-developments-uae

Sources: tags

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Sales Director - [Major Developments] (Current)
value seen: Sales Director
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: tags

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Master of Business Administration - MBA, Business Administration and Management, General at [London School of Business and Finance LSBF]
value seen: MBA
https://linkedin.com/in/ahmad-bahstawi-43685b108

Sources: title

SOCIALdate not shown in source

Ahmad Bahstawi

LinkedIn
### Sales Director - [Major Developments] (Current) Jun 2025 - Present (1 year and 3 months)
value seen: Sales Director
https://linkedin.com/in/ahmad-bahstawi-43685b108

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

No qualifying completions found in this window.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

0 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

5 found
PROJECT AWARD Winner 29 July 2026
Best Luxury Waterfront Development in Ras Al Khaimah, UAE · Ice Beach
Major Developments’ Ice Beach won the Luxury Lifestyle Award for Best Luxury Waterfront Development in Ras Al Khaimah, UAE.
PROJECT AWARD Winner 12 December 2024
Best Apartment/Condominium Development in Ras Al Khaimah · Manta Bay
Major Developers’ Manta Bay won the Arabian Property Award for Best Apartment/Condominium Development in Ras Al Khaimah.
SUSTAINABILITY Winner 23 January 2026 (reported; award year 2025)
Sustainable Residential Development, Ras Al Khaimah · Colibri Views
Colibri Views by Major Developments was reported as having secured the Arabian Property Award for Sustainable Residential Development in Ras Al Khaimah.
PROJECT AWARD Winner 23 January 2026 (reported; award year 2025)
Residential High-Rise Development, Ras Al Khaimah · Colibri Views
Colibri Views by Major Developments was reported as having secured the Arabian Property Award for Residential High-Rise Development in Ras Al Khaimah.
PROJECT AWARD Winner 16 September 2025
Best Luxury Innovative Amenities in a Luxury Residential Development · Colibri Views
Colibri Views by Major Developments was named Best Luxury Innovative Amenities in a Luxury Residential Development at the Luxury Lifestyle Awards 2025.

Risks

Risk flags

2 found
FINANCIAL DISTRESS 2011-05-01 (reported); the project’s problems were traced back to 2009-2010
La Hoya Bay, then tied to Khoie Properties and later described as part of Major Developments’ history, was still stalled with no end in sight in 2011 after a 2009 court intervention over a bounced Dh57m cheque, appointment of a court custodian, and unfulfilled refund offers to investors.
DELIVERY DELAY Launch commitment reported 30 April 2024; revised status published 2 October 2026; research position as of 14 October 2026.
Manta Bay, Major Developments’ Al Marjan Island project in Ras Al Khaimah, was originally reported at launch as scheduled for completion at the end of 2026, but a 2 October 2026 status review reported that the developer’s current website and microsite had moved handover to Q2 2027; the project remained under construction, so this is a documented schedule slippage rather than evidence of abandonment or non-delivery after the revised date.

Record status

active
Coverageactive
Tracked sinceOctober 6, 2026
Last checkedOctober 14, 2026 this month
Profile last researchedOctober 14, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.