Arenco among top 10 Arab real estate firms
dubai — Arenco Real Estate, part of A.A. Al Moosa Enterprises, has been ranked among the top 10 unlisted private real estate companies in the Middle East, according to the latest rankings by Forbes Middle East magazine in an exclusive ceremony held in Dubai.
The Arenco Real Estate award was presented to Nayef Al Moosa, in the presence of Mahmoud Hesham El Burai, CEO of Dubai Real Estate Institute, Shaji Mulk, Chairman and CEO of Mulk Holdings, and Krishna Natarajan, Head of Sales Forbes Middle East. Of the 40 unlisted real estate developers, 25 made it to the top from the UAE, and Arenco was recognised among the top ten, along with other entries that included Wasl Asset management Group, Dubai Properties, Al Futtaim Group Real Estate developers and others.
Arenco Real Estate was founded in 1975 and has built its reputation for superior quality, excellent services and open book integrity in residential housing, commercial, retail, and office development markets. Currently, it has an inventory of 3,056 apartment units, 850 offices and showrooms, 503 villas, 50 warehouses and 25 buildings for staff accommodation across Dubai.
Arenco also owns prestigious hotel names in the region which are managed by Hilton, Starwood, Marriott, Taj, Wyndham and IHG. All the data of the unlisted companies was based on the circulated questionnaire held by Forbes.