Top 50 Real Estate Developers In MENA 2021

1. Emaar Properties Founder: Mohamed Alabbar Country: U.A.E. Established in: 1997

With total assets of $34 billion as of the end of September 2021, Emaar Properties is one of the largest publicly-listed real estate companies by assets in the GCC. It recorded $1.1 billion in net profits for the nine months of 2021, a 57.8% rise compared to $695 million in the same period last year. Emaar Properties reported $5.3 billion in revenues in the nine months of 2021, and the company achieved its highest ever property sales of $7.1 billion in this period, three times more than the nine months of 2020. The company announced a merger with its subsidiary Emaar Malls in March 2021, with over a billion new Emaar Properties shares to be issued to existing Emaar Malls shareholders.

2. Aldar Properties Group CEO: Talal Al Dhiyebi Country: U.A.E. Established in: 2005

Abu Dhabi-based Aldar Properties has developed major projects, including Yas Island and Ferrari World. It had total assets worth $11.3 billion as of September 2021. It reported $129.1 million in net profits and $732 million in sales in Q3 2021. This brought total sales to $1.7 billion as of September 2021. In December 2021, Aldar-ADQ Consortium acquired 85.5% in Egypt-based property developer SODIC for $388 million.

3. wasl Asset Management Group CEO: Hesham Al Qassim Country: U.A.E. Established in: 2008

wasl Asset Management Group compromises of three subsidiaries. wasl properties is the real estate arm, which manages over 47,000 residential and commercial properties in Dubai. wasl hospitality and leisure is the asset management arm, which has 19 hotels, 5,448 luxury hotel rooms, and 1,416 serviced hotel apartments under its management. wasl’s lifestyle portfolio manager, Dubai Golf, owns Dubai Creek Golf & Yacht Club, Emirates Golf Club, and Jumeirah Golf Estates.

4. Qatari Diar CEO: Abdullah bin Hamad Al Attiyah Country: Qatar Established in: 2005

Qatari Diar was founded by the Qatar Investment Authority sovereign wealth fund. It has a shared capital of $8 billion and 50 investment projects under development across 22 countries with a total investment value of around $35 billion as of 2020. In October 2021, Qatari Diar announced the first phase of its $63.7 million CityGate project in Egypt, which is projected to create around 200,000 jobs.

5. Nakheel CEO: Naaman Atallah Country: U.A.E. Established in: 2001

Nakheel’s portfolio of developments covers 15,000 hectares and accommodates around 300,000 people. In April 2021, the company said it had sold land, villas or apartments to more than 30,000 investors, with 13,500 tenants currently leasing a Nakheel property. The company is the developer of Palm Jumeirah, which adds more than 300 kilometers to Dubai’s 70-kilometer coastline. Between March and September 2020, Nakheel sold more than 500 villas of its Al Furjan project, with total sales of around $326.7 million. In April 2021, the firm launched its “My Nakheel” app.

6. Ezdan Holding Group Group Managing Director: Thani Bin Abdullah Bin Thani Al Thani Country: Qatar Established in: 1960

Ezdan Holding Group was initially founded as a private company called Thani Bin Abdullah Housing Group. It became Ezdan Real Estate Company in 2007 and was listed on the Qatar Stock Exchange. In September 2021, the company reported total assets of $13.8 billion and $64.1 million in net profit for the nine months of the year. The group’s market cap was $11.7 billion as of November 9, 2021.

7. Majid Al Futtaim Properties CEO: Ahmed Galal Ismail Country: U.A.E. Established in: 1994

Majid Al Futtaim Properties operates 28 shopping malls, owns 13 hotels, and manages five mixed-use communities. The company reported $486.8 million in revenues and total assets of $12 billion by H1 2021, a 5.2% increase compared to H1 2020. The company’s properties arm opened the largest mall in the Northern Emirates in Sharjah in March 2021, with gross leasable space of 136,200 square meters.

8. Barwa Real Estate Group Group CEO: Abdullah Jubara Al-Rumaihi Country: Qatar Established in: 2005

Barwa Real Estate Group operates 3.6 million square meters of total built space. It also owns Waseef Asset Management Company (Waseef), which provides asset, property and facilities management services to Barwa’s projects. Barwa is 45% owned by Qatari Diar, a firm owned by the Qatar Investment Authority. It had total assets of $9.9 billion by the end of September 2021, an 8.5% increase from the $9.1 billion as of December 2020. The firm also reported a net profit of $203.9 million in the first nine months of 2021, a 2% year-on-year rise compared to 2020’s $199.8 million.

9. Arabian Centres Co. CEO: Faisal Abdullah Al Jedaie Country: Saudi Arabia Established in: 2005

Arabian Centres operates 21 shopping centers across 11 cities in Saudi Arabia, with a total gross leasable area of 1.2 million square meters. The company had total assets of $4.9 billion as of Q1 FY2021 ended June. It recorded net profits of $33.7 million between April and June 2021. Arabian Centres reported sales of $136.2 million in Q1 FY2021 ended June, a 7.3% increase from the $126.9 million it recorded during the same period in 2020.

10. Talaat Moustafa Group Holding (TMG Holding) CEO and Managing Director: Hisham Talaat Moustafa Country: Egypt Established in: 1970

With total assets worth $8 billion as of June 2021, TMG Holding has a land portfolio of 74 million square meters. It has built over 120,000 real estate units. Its “Noor” project will comprise around 120,000 residential units, a five-star hotel, and non-residential facilities. TMG Holding reported $26.8 million in net profit in Q2 2021, a 39% increase compared to the $19.3 million it recorded in Q2 2020.

11. Jabal Omar Development Co. (JODC) CEO: Khalid Al-Amoudi Country: Saudi Arabia Established in: 2006

With total assets of around $7 billion, as of June 2021, JODC is the developer of the mega project “Jabal Omar” in Makkah, Saudi Arabia. Phase 1 of the project was launched in 2017. When complete, Jabal Omar will consist of 16 hotels, 3,000 branded apartments, and malls built across

2.5 million square meters. JODC was listed on the Saudi Stock Exchange (Tadawul) in 2006, and it had a market cap of $7.6 billion as of November 7, 2021. The company reported sales of $20.6 million and net profits of $72.1 million during Q3 2021.

12. Dubai Holding Real Estate (DHRE) CEO: Khalid Al Malik Country: U.A.E. Established in: 2002

Dubai Holding Real Estate (DHRE) is the real estate developer behind Jumeirah Beach Residences, Business Bay, DUBAILAND, and Jaddaf Waterfront. Founded in 2002, DHRE became part of Dubai Holding in 2005, a company with operations in 13 countries and over 20,000 employees, managing a portfolio of $35.4 billion in assets.

13. Dar Alarkan Real Estate Development Co. CEO: Anand Raheja Country: Saudi Arabia Established in: 1994

Dar Alarkan operates in Saudi Arabia, the

U.A.E., and Europe. It has handed over

15,000 residential units and more than

500,000 square meters of real estate space. The company had total assets worth $8.3 billion by the end of June

2021. It reported $151.4 million in revenues in Q2 2021 compared to the

$123.8 million it recorded in Q2 2020. It recorded net profits of $6 million in Q2 2021, more than double the $2.8 million it recorded in Q2 2020.

14. Al-Futtaim Group Real Estate Group CEO: Omar Al Futtaim Country: U.A.E. Established in: 1992

The Al-Futtaim Group Real Estate is the real estate development and operations arm of the U.A.E.-based Al-Futtaim Group, the fifth-largest family firm in the Middle East. The subsidiary operates across MENA, with the Festival City brand being its flagship in the region. Dubai Festival City covers over 232,000 square, while its Cairo-based counterpart will encompass over 13,000 residents and 50,000 office staff.

15. Makkah Construction and Development Co. CEO: Seraj Hamzah Abdullah Ateeq Country: Saudi Arabia Established in: 1988

MCMD is reconstructing the area surrounding Masjid al-Haram in Makkah. It is developing, managing, leasing, and building real estate projects in the area. The company’s first commercial residential complex covers 13,706 square meters, and its total built-up area is 228,000 square meters. MCDC had total assets worth $1.4 billion by September 2021. It owned 9.3% of Tadawul-listed Jabal Omar Development Co. as of November 2021.

16. Mabanee Company CEO: Waleed Khaled Alsharian Country: Kuwait Established in: 1964

Mabanee develops mixed-use destinations and operates The Avenues shopping malls in Kuwait, Bahrain, Saudi Arabia, and the U.A.E. Listed on the Kuwait Stock Exchange (Boursa Kuwait) since 1999, the company had total assets of $3.5 billion as of the end of September 2021. It reported $46.9 million in net profits in Q3 2021, an increase of 80% compared to the $26 million it recorded in Q3 2020.

17. Emaar The Economic City (EEC) CEO: Cyril Piaia Country: Saudi Arabia Established in: 2006

EEC is the master developer of the King Abdullah Economic City (KAEC) in Saudi Arabia. The company is 25% owned by Saudi’s Public Investment Fund. It owns 50% of PDC, the company that develops and owns King Abdullah Port Co. The company reported total assets of $4.3 billion in June 2021. EEC also achieved sales worth $23.5 million during the second quarter of the year.

18. AWR Properties CEO: Amina Al Rustamani Country: U.A.E. Established in: 1982

AWR Properties is the Real Estate Arm of the Al Rostamani Group, a large Dubaibased family business. AWR Properties operates over 232,000 square meters of residential, commercial and retail assets. Its portfolio includes the 21st

Century Tower, which at the time of its construction was the world’s tallest residential tower. The group’s M Square mixed-used community project in Dubai is the company’s first foray into the hospitality sector, with its DoubleTree by Hilton Dubai M Square Hotel opening in December 2020.

19. Arenco Real Estate Chairman: Abdullah Ahmed Al Moosa Country: U.A.E. Established in: 1975

Arenco Real Estate is part of A. A. Al Moosa Enterprises, and carries out activities in the residential housing, commercial, retail and office development markets.

The company owns around 5,000 properties including apartments, villas, commercial and office spaces, warehouses, and staff accommodation located in various locations in the U.A.E. It also owns 15 hotels located majorly in the U.A.E and few in Oman.

20. Al Ghurair Properties CEO: Sultan Al Ghurair Country: U.A.E. Established in: 1981

Al Ghurair Properties is one of the largest private residential landlords in the U.A.E., with a portfolio of over 5,000 units. It also owns over 800 hotels rooms and serviced apartments, including partnerships with Swissotel and 283 street retail locations at Deira Souq in Dubai. In December 2020, Al Ghurair Properties introduced 360 VR tours of selected properties.

21. Palm Hills Developments Chairman and Group CEO : Yasseen Mansour Country: Egypt Established in: 1997

Established in 1997, Palm Hills Developments is listed on the Egyptian Stock Exchange. The company has one the largest land banks in Egypt, covering over 42.3 million square meters as of H1 2021, and 29 projects in West Cairo, East Cairo, the North Coast, and the Red Sea. In 2020, the company delivered 11,326 units. The company recorded $255 million in sales in H1 2021. The Chairman and Group CEO, Yaseen Mansour, is a billionaire and had a net worth of $1.1 billion as of November 2021.

22. Saudi Real Estate Company (Al Akaria) CEO: Ibrahim Mohammed Alalwan Country: Saudi Arabia Established in: 1976

Al Akaria has a land bank of 1.2 million square meters, 70 existing projects, and 100 projects under construction. The company has five subsidiaries under its umbrella: Edarah, Mumtalakat, Binyah, Tamear, and Al Widyan. The company has delivered housing and commercial projects. The Public Investment Fund owns 64.5% of the company. Al Akaria’s net losses decreased to $198,133 during H1 2021 compared to $2.3 million in H1 2020.

23. AlOula Real Estate Development Holding Company (alOula) Acting CEO: Mohammed Alotaibi Country: Saudi Arabia Established in: 2002

alOula has a diversified portfolio of real estate properties covering over 30 million square meters in Saudi Arabia, in addition to six million square meters of land in the U.A.E. and Egypt. It has developed 27 million square meters of land directly or through its joint ventures. alOula has also produced more than 15,000 properties. The company’s projects include Future Industrial City, Jeddah Gate, Alsharq Industrial City, and Aziziyat AlOula. alOula has various subsidiaries locally and regionally, including edar, Khobar Lakes Real Estate Development Company, Ajdan Bahrain, and Ajdan Real Estate Development Company.

24. Memaar Al Morshedy CEO: Hassan Morshedy Country: Egypt Established in: 1983

Memaar Al Morshedy develops real estate in Egypt and is behind some of the country’s largest projects, such as the Degla Landmark, a residential and commercial complex covering 62,760 square meters, and Zahra, a residential, tourism and hospitality project North Coast Egypt. Zahra is built on an area of approximately 890 acres, comprising a total of 6 distinctive zones, and boasts a 650-meter waterfront, with a built-up area of around 17%. The company is currently building Skyline in Cairo at a cost of $550 million, which when complete aims to be the world’s largest residential building with 13,500 apartments spread across 200,000 square meters.

25. MAG Lifestyle Development CEO: Mohammed Nimer Country: U.A.E. Established in: 2003

MAG Lifestyle Development—part of the Moafaq Ahmad Al Gaddah (MAG) Group—develops luxury high-rise residential towers and communities. MAG projects cater to different segments, including MAG 214 in Jumeirah Lakes Towers, MAG 218 in Dubai Marina, Emirates Financial Towers in DIFC, and the MAG Complex serving industrial warehouses in Sharjah. MAG achieved sales of $408.4 million through the company’s Polo Townhouses and The Polo Residences in Dubai.

26. The Commercial Real Estate Company (Al Tijaria) CEO: Abdulmutaleb A.M Marafie Country: Kuwait Established in: 1968

Al Tijaria was restructured in 2000 and was listed on the Kuwait Stock Exchange in 2004. It focuses on commercial property investment in MENA and internationally. Al Tijaria Tower covers

4,200 square meters and 36 floors. Its Symphony project covers over 95,000 square meters. The company recorded

$1.8 billion in total assets as of H1 2021. The company recorded net profits of $14.3 million in H1 2021.

27. Douja Promotion Groupe Addoha Chairman and CEO: Anas Sefrioui Country: Morocco Established in: 1988

Douja Promotion Groupe Addoha develops low-cost housing in Morocco. Its properties are located in towns and cities, including Casablanca, Ain Aouda, Al Jadida, Tetouan, Beni Mellal, Marrakech, Fes, Sale, Tanger, Tamesna, Mekns, Sale, Rabat, Kenitra, and Fgih Ben Saleh, among others. The company was valued at $444.5 million as of November 10, 2021.

28. Knowledge Economic City (KEC) Acting CEO: Mohammad Abdulhameed Almubarak Country: Saudi Arabia Established in: 2006

KEC was incorporated in 2006 as one of four economic cities to support Saudi Arabia’s drive towards economic diversity and job creation. The Madinah Gate Project covers 60,000 square meters and is linked to Al Haramain Transit-Oriented Development train station. As well as the station, it consists of 78 shops, 39 cafes and restaurants, and a DoubleTree Hilton hotel. The company recorded $878 million in total assets as of September 2021. Its market value was $1.4 billion as of November 29,2021.

29. National Real Estate Company (NREC) Vice Chairman and CEO: Faisal Jamil Sultan Al-Essa Country: Kuwait Established in: 1973

United Capital Group and Agility Investment Holding Company are major shareholders in NREC, with 24.7% and 20%, respectively. NREC’s El Joan resort in Kuwait covers 26,000 square meters. Reem Mall has been developed by NREC and UPAC at a cost of $1 billion. It will feature 450 units, including 85 restaurants, three department stores, and entertainment and edutainment features, including a snow play park. The company recorded $1.6 billion in total assets as of H1 2021.

30. Al Omrane Group Chairman: Badre Kanouni Country: Morocco Established in: 2007

The Al Omrane Group is present across Morocco through its 14 subsidiaries and 56 agencies, in addition to representation in Paris. The group’s holding company defines its strategy and mobilizes financial and land resources, while 10 regional subsidiaries carry out and monitor operations in partnership with local authorities and the private sector.

31. Taiba Investments Company CEO: Saleh Alhabdan Country: Saudi Arabia Established in: 1988

Taiba Investments Company was established to be a leading player in the development of Madinah. Taiba Residential and Commercial Center (ARAC Suites) is a 20-floor, 5,800 square meter complex that includes 360 suites and 338 stores. Taiba has investments in subsidiaries and associates, including the Prince Mohammed bin Abdulaziz Airport Hotel, Knowledge Economic City, and Kinan International For Real Estate Development. In October 2021, the company was awarded a contract for the Riyadh Hotel with a project value of $100.6 million. Taiba investments recorded $1.2 billion in total assets as of September 2021.

32. Tamdeen Real Estate Company Chairman: Mohammed Abdul Hamid Al-Marzouq Country: Kuwait Established in: 1982

The Tamdeen Group, the parent company of Tamdeen Real Estate Company, owns assets worth more than $4 billion. Its Tamdeen Square Community in Kuwait consists of three residential towers covering 37,000 square meters, 256 sea view apartments, 74 retail stores, 128 apartments, and 209 hotel rooms. In October 2021, the Tamdeen Group announced the opening of Q8 Karting, an indoor multi-story go-karting track.

33. Eagle Hills CEO: Low Ping Country: U.A.E. Established in: 2014

Eagle Hills is developing a range of mixed-use megaprojects across 11 cities in Europe, Africa, and the Middle East. The company has developed 14 waterfront destinations, 17 mixed-use projects, and 28 hotels. In May 2021, the company launched the Shams Residences project in partnership with Sharjah Investment and Development Authority (Shurooq) on Maryam Island, covering 6,637 square meters of gross floor area.

34. Sumou Real Estate Company CEO: Jarallah Al-Amrah Country: Saudi Arabia Established in: 2008

Sumou Real Estate Company focuses on real estate development and investment projects in Saudi Arabia. Its Aali Makkah project covers 973,198 square meters and comprises residential units, schools, mosques, recreational areas, and public parks. In October 2021, it announced that it had acquired 80% of Al-Mahafel Trading and Contracting Company Ltd. The company recorded $126 million in total assets as of H1 2021.

35. Oman Tourism Development Company (OMRAN Group) CEO: Hashil bin Obaid Al Mahrouqi Country: Oman Established in: 2005

The OMRAN Group was established by the government of Oman as the executive arm of the sultanate as part of its 2040 National Tourism Strategy. It has developed projects including Mina Al Sultan Qaboos Waterfront, the Omantel Headquarters, and the InterContinental Muscat Hotel. In September 2021, the OMRAN Group signed a development agreement with the Ministry of Heritage and Tourism to establish Yiti-Yenkit urban development in Muscat, which will cover 11 square kilometers.

36. Six of October Development & Investment (SODIC) Managing Director: Magued Sherif Country: Egypt Established in: 1996

SODIC is a mixed-use developer with 10 large-scale developments across Cairo and the North Coast. ACT Financial Consortium and Olayan Saudi Investment Company are the company’s main shareholders, with 15% and 14% respectively. In October 2021, SODIC announced the signing of a long-term syndicated facility worth $100 million with the Arab African International Bank and Banque Misr to finance the company’s SODIC West development. The company recorded $1.6 billion in total assets as of H1 2021. In December 2021, Aldar-ADQ Consortium acquired 85.5% in Egypt-based property developer SODIC for $388 million.

37. Arada CEO: Ahmed Alkhoshaibi Country: U.A.E. Established in: 2017

Arada is developing Sharjah’s largest mixed-use project, Aljada, covering 2.2 million square meters. In October 2021, Arada delivered 273 homes at Aljada, which takes the number of homes completed in 2021 to over 1,200. In 2021, Arada finished 12 apartment blocks and the Sarab garden villa community. In September 2021, the company announced that its Nasma Central project had welcomed 200,000 visitors. It recorded sales of $313 million in H1 2021, a jump of 85% compared to H1 2020.

38. Madinet Nasr for Housing & Development (MNHD) CEO: Abdallah Sallam Country: Egypt Established in: 1959

MNHD was initially established to develop 40 million square meters of land in Nasr City, which is home to three million people. In October 2021, MNHD announced that it had acquired MINKA Developments from the Sallam family. The Sallam family will own 5% of MNHD when the transaction is finalized, becoming its third largest shareholder after BPE Partners’ Managed Funds (29%), and the National Company for Construction and Development (15%).

39. Sobha Realty Managing Director and CEO: Francis Alfred Country: U.A.E. Established in: 1976

Sobha Realty was established in Oman as an interior decoration firm by billionaire P.N.C. Menon.

Today, the company is headquartered in Dubai and has developments and investments across the U.A.E., Oman, Bahrain, Brunei, and India, employing more than 3,500 people. The company is currently developing Sobha Hartland, a $4 billion luxurious freehold community spread across over 743,000 square meters in Mohammed Bin Rashid Al Maktoum City, Dubai. It is also working on the Meydan SOBHA District One project, an $8 billion joint venture with the Meydan Group.

40. Salhia Real Estate Company CEO: Anwar Abdulaziz AlUsaimi Country: Kuwait Established in: 1974

The Salhia Real Estate Company has completed a new project in Kuwait Arraya Tower II in Kuwait, and a prestigious new project in Bahrain Bay, its first in Bahrain. The company has expanded its operations to develop projects across Europe, including the U.K. and Germany. Salhia’s total assets stood at $1.2 billion as of H1 2021.

41. RAK Properties Acting CEO: Mohammed Al Tair Country: U.A.E. Established in: 2005

RAK Properties was established with the support of the government of Ras Al Khaimah to promote the economic growth of the emirate and its community development initiatives. The company’s portfolio includes Mina Al Arab, Hayat Island, Angel Bay, and Julphar Towers. It also includes residential projects, including Marbella Villas, Bermuda Villas, Northbay Residences, and Lagoon Views. The company recorded $1.6 billion in total assets as of H1 2021.

42. Orascom Development Egypt (ODE) CEO: Omar El Hamamsy Country: Egypt Established in: 2005

ODE was formed by a merger between Orascom Projects for Touristic Development and Orascom Hotel Holdings in 2005. ODE is listed on the Egyptian Stock Exchange. It is the largest subsidiary of Orascom Development Holding (ODH), which is listed on SIX Swiss Exchange. With total assets of $1.3 billion as of June 2021, ODE’s land portfolio spans over 49.9 million square meters. It owns 24 hotels with a total of 4,945 rooms all spread among four operating destinations in Egypt: El Gouna, Makadi Heights, Taba Heights, and Byoum, with O West being added soon to the portfolio.

43. Wahat Al Zaweya Holding Chairman: Abdulrahman Alremethi Country: U.A.E. Established in: 2013

Wahat Al Zaweya Holding has launched a number of mega projects such as Wahat Al Zaweya and Wahat Yas. Wahat Al Zaweya is an integrated residential project in Abu Dhabi extending over 23 million square meters. Wahat Yas was launched in 2018 and consists of residential and commercial residential areas, as well as mosques, gardens, schools, service facilities, a shopping center, restaurants, and a walkway facing Yas waterfront. The company recorded $1.4 billion in total assets as of H1 2021.

44. Kuwait Real Estate Company (AQARAT) CEO: Talal Jassim Al-Bahar Country: Kuwait Established in: 1972

AQARAT has a presence across MENA, Europe, and the U.S. It has alliances and joint venture partnerships such as Yotel New York, Courtyard by Marriott, and IFA Hotels & Resorts. In 2020, the company completed the construction and leasing of an 18-story residential tower in Al Riggae, Kuwait. In 2021, it started the first phase of construction for two out of five residential towers that are set to accommodate 5,000 hospitality staff upon completion in 2021. The company reported total assets worth more than $1.1 billion as of June 2021.

45. Alandalus Property Company CEO: Hathal bin Saad Al-Otaibi Country: Saudi Arabia Established in: 2006

Alandalus Property Company was initially established as a closed shareholding company with capital of $63.7 million. It was listed on the Saudi Stock Exchange (Tadawul) in 2015. Today, it has capital of $248.8 million divided into 93.3 million ordinary shares. The company has around 10 projects spread across the Kingdom, with two being under construction in Jeddah. The company’s activity is mainly in hospitality and retail. With total assets of $545.3 million as of September 2021, it reported $14.8 million in revenues and $6.9 million in profits for Q3 2021.

46. Bahrain Real Estate Investment Company (Edamah) CEO: Amin Alarrayed Country: Bahrain Established in: 2006

Edamah was established as the real estate arm of the sovereign wealth fund of Bahrain. Its projects include Hawar, Sa’ada, Bilaj Aljazayer, and Salmaniya Carpark Development. Sa’ada covers 13,112 square meters, including 34 shops. Bilaj Aljazayer covers 1.3 million square meters and comprises a public beach and 309 leased chalets. In September 2021, Edamah partnered with the Accor Hospitality Group to open a new Mantis property on Bahrain’s Hawar Island. The Mantis Bahrain Hawar Island Hotel & Resort is set to open in 2024.

47. Danube Properties Founder and Chairman of Danube Group : Rizwan Sajan Country: U.A.E. Established in: 2014

Headquartered in Dubai and operating in nine countries across the Middle East and Asia, Danube Properties is the property development arm of the Danube Group. The company’s completed projects include Bayz, Resortz, Miraclz, and Glamz. The company’s ongoing projects include Olivz, Wavez Residence, and ELZ. In October 2021, Danube Properties launched its new Mediterranean-themed residential project Skyz Tower, with a development value exceeding $129 million. As of March 2020, the real estate developer had delivered 2,155 units with a combined sales value of $571.7 million.

48. Al Raid Group CEO: Marwan Aljabri Country: Oman Established in: 1974

The Al Raid Group has delivered more than 20 projects across Oman and has over 1.3 million square meters of projects under development. The company’s businesses span shopping malls, commercial offices, residential facilities, logistics and property management. Its Al Araimi Boulevard project comprises 220 retail stores. Its Mumtaz Residence is a community covering 40,000 square meters.

49. The National Resources Investment & Development Corporation (Mawared) Chairman: Hamad Al Kasasbah Country: Jordan Established in: 2000

Mawared is a financially and administratively independent state-owned corporation leading Jordan’s drive towards urban regeneration and inner-city development. The company is in the process of developing sites and camps for the Jordanian Armed Forces. Its New Abdali downtown project is considered to be the largest integrated development project in the heart of Amman, covering 384,000 square meters.

50. Dorra Developers Chairman: Hassan Mohamed Dorra Country: Egypt Established in: 1994

The Dorra Group is one of Egypt’s largest private sector companies. It founded Dorra Developments in 1994 and has become one of Egypt’s biggest developers over the last 15 years. Its Address West project covers 156,000 square meters and comprises 50 residential buildings and other facilities. The Village West Project covers 125 acres. The company is currently developing mega projects in Egypt, including the Cairo New Capital Zone D3 and El Alamein City.