Ibrahim Al Fardan appointed as managing director of Limitless

Mr Al Fardan, who is also a member of the Board of Limitless, will lead the company in the continued delivery of its master planned communities in the UAE, Saudi Arabia, Russia and Vietnam.

The appointment comes after Limitless signed a new lender agreement on the company's financial restructuring exercise.

Mr Al Fardan said: "I am delighted to be part of this new phase in Limitless' growth. We are moving forward with some unique and exciting projects in Dubai and overseas, and I look forward to seeing them come to fruition."

Limitless' current projects in Dubai are the Downtown Jebel Ali master development and The Galleries mixed-use community within phase one of Downtown Jebel Ali. Overseas, the company is developing Al Wasl in Saudi Arabia, Zagorodny Kvartal in Russia and Halong Star in Vietnam.