Top 10 RE­ITs in the Mid­dle East

Forbes Middle East - - CONTENTS -

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.

Cata­ma­ran Res­i­dence

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