26.9 C
New York
Monday, June 27, 2022
spot_img

Top 50 Real Estate Developers in MENA 2021

The real estate market is the cornerstone of any economy—the way it moves has a rippling effect across swathes of people. In the last couple of years, the global pandemic has caused significant disruption to the real estate sector in most countries, with owners and renters having to make necessary adjustments to business operations in response to restrictions on capacity and mobility.

The Middle East’s real estate sector appears to be bouncing back fast, with property prices increasing on the back of increased oil prices and government policies. Ongoing and upcoming international events are also giving this asset class a boost in some GCC countries. But all is not smooth sailing. The office space market has been disrupted in some parts of the region as many employers adopt remote working as a permanent fixture, and the growth in online shopping is leading retail developers to reconsider how best to invest in and use brick-and-mortar stores.

Across the region, megaprojects are being developed by governments as well as private and semi-government developers, especially in Saudi Arabia, Egypt, and the U.A.E. These projects are giving a huge boost to the regional construction sector, which also has a positive outlook over the next few years according to forecasts.

Methodology

For the “Top Real Estate Developers In MENA 2021” ranking, we only looked at developers who have delivered their projects. We have not included some large developers across the region whose megaprojects are not yet functional. We ranked companies based on:

  • Financials: Total assets, market value, and revenues, where available.
  • Value and/or size of the landbank and number of units held by the developer.
  • Value of projects completed.
  • Value of projects under construction.
  • The reputation of the developer in terms of delivering the properties to the buyers.
  • Age of the company.

For the “Top Construction Companies In MENA 2021” ranking, we looked at:

  • Value of projects completed.
  • Value of projects under construction.
  • The number of employees.
  • Age of the company.
Emaar Properties
Emaar Properties
Aldar Properties
Aldar Properties
wasl Asset Management Group
wasl Asset Management Group
Qatari Diar
Qatari Diar
Nakheel
Nakheel
Ezdan Holding Group
Ezdan Holding Group
Majid Al Futtaim Properties
Majid Al Futtaim Properties
Barwa Real Estate Group
Barwa Real Estate Group
Arabian Centres Co.
Arabian Centres Co.
Talaat Moustafa Group Holding (TMG Holding)
Talaat Moustafa Group Holding (TMG Holding)
Jabal Omar Development Co. (JODC)
Jabal Omar Development Co. (JODC)
Dubai Properties
Dubai Holding Real Estate (DHRE)
Dar Alarkan Real Estate Development Co.
Dar Alarkan Real Estate Development Co.
Al-Futtaim Group Real Estate 
Al-Futtaim Group Real Estate 
Makkah Construction and Development Co. (MCMD)
Makkah Construction and Development Co.
Mabanee Company
Mabanee Company
Emaar The Economic City (EEC)
Emaar The Economic City (EEC)
AWR Properties
AWR Properties
Arenco Real Estate
Arenco Real Estate
Al Ghurair Properties
Al Ghurair Properties
Palm Hills Developments
Palm Hills Developments
Saudi Real Estate Company (Al Akaria)
Saudi Real Estate Company (Al Akaria)
AlOula Real Estate Development Holding Company (alOula)
AlOula Real Estate Development Holding Company (alOula)
Memaar Al Morshedy
Memaar Al Morshedy
MAG Lifestyle Development
MAG Lifestyle Development
The Commercial Real Estate Company (Al Tijaria)
The Commercial Real Estate Company (Al Tijaria)
Douja Promotion Groupe Addoha
Douja Promotion Groupe Addoha
Knowledge Economic City (KEC)
Knowledge Economic City (KEC)
National Real Estate Company (NREC)
National Real Estate Company (NREC)
Al Omrane Group
Al Omrane Group
Taiba Investments Company
Taiba Investments Company
Tamdeen Real Estate Company
Tamdeen Real Estate Company
Eagle Hills
Eagle Hills
Sumou Real Estate Company
Sumou Real Estate Company
Oman Tourism Development Company (OMRAN Group)
Oman Tourism Development Company (OMRAN Group)
Six of October Development & Investment (SODIC)
Six of October Development & Investment (SODIC)
Arada
Arada
Madinet Nasr for Housing & Development (MNHD)
Madinet Nasr for Housing & Development (MNHD)
Sobha Realty
Sobha Realty
Salhia Real Estate Company
Salhia Real Estate Company
RAK Properties
RAK Properties
Orascom Development Egypt (ODE)
Orascom Development Egypt (ODE)
Wahat Al Zaweya Holding
Wahat Al Zaweya Holding
Kuwait Real Estate Company (AQARAT)
Kuwait Real Estate Company (AQARAT)
Alandalus Property Company
Alandalus Property Company
Bahrain Real Estate Investment Company (Edamah)
Bahrain Real Estate Investment Company (Edamah)
Danube Properties
Danube Properties
Al Raid Group
Al Raid Group
The National Resources Investment & Development Corporation (Mawared)
Dorra Developers

Source: forbesmiddleeast.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

15,345FansLike
186FollowersFollow
4,830SubscribersSubscribe
- Advertisement -spot_img

Latest Articles