Top 10 REITs in the Middle East
40 AL QUDRA HOLDING
Country: U.A.E.
Market Value: $183 million
Established: 2006
Based in Abu Dhabi, U.A.E., Al Qudra Holding recorded an increase in profitability for the seventh year running, with a consolidated net profit of $58 million for 2018.
41 RESIDENCES DAR SAADA
Country: Morocco
Market Value: $166 million
Established: 2001 Residences Dar Saada listed its stocks in the Casablanca stock exchange through a capital increase of $134 million, which represents 20% of its capital.
42 AL MAZAYA HOLDING COMPANY
Country: Kuwait
Market Value: $128 million
Established: 1998
Ritim Istanbul is Al Mazaya Holding Company's first project in Turkey, which consists of six mixed-use towers on an area covering 39,000 square meters.
43 ALLIANCES GROUP
Country: Morocco
Market Value: $113 million
Established: 1994
Since inception, Alliances has delivered 40 real estate and tourist projects, and 30 hotels, as well as developed two industrial zones.
44 INJAZZAT REAL ESTATE DEVELOPMENT COMPANY
Country: Kuwait
Market Value: $104 million
Established: 1998
Injazzat is developing the Catamaran Residence in Bahrain, which will comprise of 571 luxurious apartments and two towers.
45 ALARGAN INTERNATIONAL REAL ESTATE COMPANY
Country: Kuwait
Market Value: $94 million
Established: 1994
In 2018, Alargan inaugurated its newest commercial destination, ARGANIA, a uniquely designed complex that stands out with its openair space and fountains, breaking away from the industrial blocks in Kuwait's Shuwaikh area.
46 A’AYAN LEASING AND INVESTMENT COMPANY
Country: Kuwait
Market Value: $92 million
Established: 1999
A'ayan Leasing and Investment Company was established in 1999 as a shareholding closed Kuwaiti corporation, with capital of $69 million.
47 AJIAL REAL ESTATE AND ENTERTAINMENT COMPANY
Country: Kuwait
Market Value: $85 million
Established: 1996
A key project is the Ajial Mall, which covers a total built up area of around 24,000 square meters and includes retail, food and beverage offerings, cinemas and offices.
48 KUWAIT BUSINESS TOWN
Country: Kuwait
Market Value: $84 million
Established: 1999
The Kuwait Business Town is strategically located in the financial district, offering commercial spaces, multi-storey car parking and hospitality services.
49 AL-ENMAA REAL ESTATE COMPANY
Country: Kuwait
Market Value: $71.5 million
Established: 1993 Al-Enmaa Real Estate Company was launched with capital of over $3.2 million and was one of the first companies established by Kuwait Finance House.
50 ARKAN AL-KUWAIT REAL ESTATE COMPANY
Country: Kuwait
Market Value: $66 million Established: 2003
In April, Arkan Al-Kuwait Real Estate Company's projects under implementation, and its acquisitions for the remaining of 2019, were valued at $72.5 million and $121 million.