An Investment 30 Years in the Making




Manohar Lahori

Manohar Lahori is an Indian business magnate, investor, and philanthropist, considered by some to be one of the most successful investors in Dubai.


Over 40 years ago Manohar Lahori established his first business venture, a garment factory under the name of Palmon Exports in Mumbai, India. A decade later, in 1985 Palmon moved its operations to Dubai after a meeting with late Sheikh Rashid Bin Saeed Al Maktoum and so Palmon became one of the first companies to establish in UAE’s first free zone - Jafza.

Palmon Group made its name by shipping apparel to high-demand retailers in the US and Europe, including the likes of Walmart, Marks & Spencer and Gap.

It was Manohar Lahori’s vision and hard-work that by 1992 Palmon Group increased its apparel production multifold to meet the worldwide demands and operated 19 factories. In the 90s, the firm had 4,000 employees with sales offices in London, Manchester and New York

From its core business of clothes manufacturing, it has branched out into a series of other sectors, including logistics, warehousing and facilities management. The group has extensive investments in property both in the UAE and overseas.


Manohar has been recognized with many esteemed awards, including being CEO of the year, on the Forbes List for Top Indian Leaders in the Arab World, Arabian Business Top Leaders, Indian Power List and Top Indian Businessmen in the GCC.


Kunal Lahori

Kunal Lahori is the Managing Partner of Palmon Group, Kunal joined the Group in 2002 and served over a decade in different positions and was instrumental in establishing the Group as a major player in a range of sectors including logistics, retail, interiors, security and business storage solutions. Kunal conceptualized and led the charge to create Manrre, the region's first industrial & logistics focused real estate fund.

Kunal is has a rock-solid foundation in real estate which spans from construction, acquisition and investment. His true strength lies in asset management where he has optimized returns and asset value through tenant relationships and creative solutions. Kunal strives to be the best in whatever he pursues. He is known to be a perfectionist and pays meticulous attention to detail.

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Meher Mirchandani

Meher Mirchandani is a Director of Palmon Group and over the past years, Meher has inspired and spearheaded HR and talent acquisition to achieve notable results. As one of the Forbes Top Indian leaders, Meher recognises that culture is the cornerstone of an organisation and is responsible for creating and building a conscious culture with a growth mind set that empowers leaders to build strong, motivated and efficient teams.


Meher is dedicated to the growth of the employees believing that excellence is not a skill; it’s an attitude. Her leadership principle is that “success is something you attract by the person you become. It is your dedication to consistently grow yourself that will yield you the life you desire”. When you focus on the growth of the team player the company grows inevitably. 


A developmental coach and author, Meher is on the board of Entrepreneurs’ Organization and has strong passion for CSR and encouraging entrepreneurship in the UAE.



Meet the four independent Investment Committee Members and prominent members of the UAE real estate industry responsible for reviewing the Fund’s investment opportunities.



Ms. Ghattas has over two decades of experience in the real estate sector and is Managing Partner of real estate and brokerage company Group Seven Properties.


Ms. Ghattas  is also Financial Controller of the construction company Canadian Gulf Construction LLC and heads the architectural, construction and purchase departments.


Previously, Ms. Ghattas established and was an Associate Director for Colliers International Middle East.


bin Fahad

Mr. Fahad has a post graduate MBA in Strategic Management from Birmingham (UK) and a Bachelor of Science degree in Finance, Insurance and Management from Northeastern University, Boston (USA).


Mr. Fahad is an astute, insightful and respected venture capitalist. He is involved in an executive capacity with Etihad Capital and sits on the Board of Directors of several high profile institutions such as Commercial Bank International


He has held several key government positions such as Director of Department of Tourism and Director General of Dubai World Trade Centre.

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Noor is the founder of Global Ventures, a Dubaibased, growth-stage venture capital firm .


Noor is also the Chairperson of the Middle East Venture Capital Association, was on the Founding Board of Endeavor UAE, and serves as a Director for MIT Sloan, TechWadi, The Grooming Company, the Collegiate American School in Dubai.


Noor lead an IPO in the region when her family listed the interior contracting company, Depa on the London Stock Exchange and Nasdaq Dubai.Previously, she served as the Chief Investment Officer of the Dubai Future Foundation.

Andrew Love

Andrew is partner in Knight Frank and Head of ME Capital Markets and OSCA. Andrew holds a Master’s degree in Real Estate Finance, Spatial Planning Development and was awarded the RICS and RTPI Academic Scotland Award for the Best Real Estate young professional in 2006. Spanning 12 years in real estate investment (9 as a qualified Chartered Surveyor), he has substantial experience in the development of a wider UAE real estate investment market with a particular emphasis on the schools, staff accommodation and industrial logistics sectors. He is regular guest speaker and contributor to the national press on all subjects relating to the commercial real estate hotel markets

His current day to day role involves overseeing the Commercial Investment and Agency team, whilst providing professional capital market advice to a broad range of local and international companies. In 2019, Andrew has already transacted over AED 250 million worth of real estate and has been involved in numerous high profile landlord and tenant representation assignments; assisting array of retailers, private equity firms, local family of offices, indirect real estate investment vehicles, real estate funds and banks. In the investment sector, Andrew and his team have transacted on in excess of AED 1.25 billion dirhams worth of commercial real estate in 2018, almost double that of their nearest competitor.



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Mishal Kanoo is Chairman of The Kanoo Group, one of the largest and most diverse family owned groups of companies in the Middle East.

Mr. Kanoo, a UAE national, is also a Director of AXA Insurance Gulf, Gulf Capital, KHK & Partners Limited and Johnson Arabia LLC. He finished his schooling in Dubai and holds two MBA’s in finance from the University of St Thomas, Houston Texas and the American University of Sharjah. He started his professional experience with Arthur Andersen in Dubai as an Auditor before taking up his current position in 1997 with the Kanoo Group. Mr. Kanoo has a reputation as a futurist and strategist with a strong track record of forecasting economic developments in and around the Middle East.

Mr. Kanoo is a non-executive director of Dalma Capital.

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Howard Leedham is a senior management professional with extensive experience in business development, capital raising, risk management and strategic planning.

Mr. Leedham is a former military officer with numerous accolades as a Royal Navy Pilot, Special Forces Commander and Operator and was awarded an MBE. Mr. Leedham left the military in the late nineties to pursue business goals and to leverage his knowledge of operations management.


Howard was recruited to Dalma Capital in 2013 and has led the Company through its Dubai FSA and Malta FSA regulatory approvals.

Mr. Leedham is a non-executive director of Dalma Capital.

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James Masacorale is an experienced corporate development director with 19 years of experience across UK, Europe, US and Asia. He is specialized in M&A, strategy, integrating and restructuring companies and, managing/transforming organizations from takeover through to disposal. He has an excellent understanding of the legal, financial, regulatory, IP, cultural and environmental factors impacting M&A of both public and private companies.

Mr. Masacorale also has excellent negotiation, influencing and selling skills at all operational levels, including that of foreign governments. He also has a strong and proven ability across the whole M&A process from creating opportunities for new business and building a pipeline of M&A targets, through due diligence, legal documentation, completion and integration.

Mr. Masacorale has sector-specific experience in TMT, Electrical, Explosion Proof (EX), Construction Products and Logistics.

Mr. Masacorale is a non-executive director of Dalma Capital.