Top real estate firms in dubai
Power equals influence, and when it comes to property industry, they don't get much more influential. In the past few years, the likes of Emaar and Nakheel have become players on the world stage, with others such as Hydra Properties set to follow suit. But it is in the Middle East where their bread and butter business lies - and as our property power list shows, it is here where the big companies wield their power.
To put together this year's list, we examined over companies across the board - construction firms, designers, developers, architects and real estate firms. We looked closely at the value of the companies and their projects - plus their spread across the region.
The list you see is the final result - though it is of course only our view on which companies have the greatest influence. Urban Structure Framework Plan. The Urban Council is responsible for the further development of urban planning policy for Abu Dhabi, and will guide decisions for the next 25 years.
Plan Abu Dhabi Urban Structure Framework Plan involves 10 individual policy statements, specifying land uses, building heights and transportation plans for the entire metropolitan area of Abu Dhabi. Under the plan, the city is projected to grow to over three million people bywith the plan providing for large new areas of Emirati housing.
The plan addresses many of the major development issues the Emirate currently faces during its expansion and diversification process. Al Fara'a Properties is a subsidiary of the Al Fara'a's Construction Group, a group of companies focused on property development. The company, which has eight building materials subsidiaries and employs 13, people, is also planning to expand into India, the UK and Jordan. Al Fara'a Properties services include property sales and buying, leasing, development and management investment portfolios, facilities management and corporate client consultancy.
The project is the company's second development following its first project Le Grand Chateau. Al Fara'a Properties is headed by JR Gangaramani, chairman and managing director of parent company Al Fara'a Construction Group while his daughter Natasha Gangaramani holds the role of properties director.
The group has been operating in the UAE for 27 years. Al Ghurair Real Estate. The real estate core function is leasing and trading in retail real estate in the Middle East. Al Ghurair also operates a construction arm with a range of concrete, aluminum and other industrial manufacturing subsidiaries.
It is a Middle East conglomerate with business interests in banking, finance, and construction. With the UAE's construction industry surging in the early 's, Obaid Humaid Al Tayer Engineering Division was established in to meet the growing demands for specialised companies in the field.
The company exclusively represents and distributes products and services for major worldwide companies in various market sectors, including top real estate firms in dubai, construction materials and building products and sewerage and water. Its long-term strategy is to develop luxurious landmark properties throughout the Middle East. High Rise Properties is also establishing one of the largest pre-cast factories in the Middle East to produce all types of concrete panels.
A residential and commercial development, High Rise Boulevard will consist of four commercial high rises including a hotel, hotel apartments and office space buildings as well as six residential towers.
Arab Engineering Bureau was first established inas the first engineering office in Qatar and its activities were primarily architectural design and supervision.
The company offers services in architecture, interior design, services engineering, project management and model making with its staff operating in 20 countries. In the award winning architect Ibrahim Jaidah bought the company and a new philosophy was adopted. The same project was also nominated as a candidate for the Aga Khan Award for Architecture.
With more than 1, projects in Qatar and throughout the Middle East, AEB is on its way to becoming a major player in the world of architectural consultancy. Projects are varied and include commercial, residential, interior and hospitality. The group has recently signed a contract for the design of a multi-purpose Bentley car showroom and office building in Doha.
It began as a one-woman business in the garage of top real estate firms in dubai Jumeirah villa, but now has 10 offices throughout Dubai and the firm expanded internationally into Europe, Asia, and North America. It employs more than people and is estimated to sell, lease and manage more properties than any other agency in the Gulf. The company's range of services has grown from leasing to sales, property management and consultancy.
Its project sales and marketing division has forged exclusive agreements with a range of high-profile developers and landlords involved with most of the major real estate developments in Dubai, such as Emirates Lakes, Emirates Hills, Dubai Festival City and Emirates Towers. Better Homes is thought to have introduced new practices in the UAE property market, including the concept of short-term rentals for business or vacation and an online property search top real estate firms in dubai that offers real-time property listings by type, price and location.
The group's projects include the Jumeirah Lake Towers, offering 87 towers, 21 of which will be completed by the of this year. Deyaar has interests in property development and facilities management, brokerage, marketing and sales.
The company currently manages more than 16, commercial and residential properties. Due diligence is also being conducted on various other high potential emerging markets while the company has expanded into UK, with an office in London.
The Lagoon development, Phase 1 of which has already been handed over to tenants comprises eight low rise seafront blocks which will house restaurant and retail outlets. The master plan for top real estate firms in dubai 2. Its other major project is Sunset Hills. The company invests in real estate, industrial, infrastructure, financial investments and services.
Its real estate projects, headed by the Al Qudra Real Estate subsidiary, include the Ain Al Emarat mega project in Abu Dhabi which combines healthcare, tourism, retail top real estate firms in dubai residential sectors in one community. The developer's first project in Abu Dhabi, is Danet Abu Dhabi, comprising 34 mixed-use towers, residential and office spaces, a commercial facility and a hotel. The entire development was sold in less 45 days of the launch earlier this year.
Other projects from the master developer include Abu Dhabi's Zayed Bay project which offers approximately office and residential towers with horizontal structures as well as 10 to 35 storey top real estate firms in dubai and residential buildings. The project is a residential community, entailing buildings ranging from four to 22 storeys in height.
The Galadari Group's activities range from high profile consumer brands sold through retail outlets, to the supply of heavy industrial plants. GIO's portfolio ranges from residential property management to property investment leasing, sales, land acquisition and development.
Rashid AW Galadari established GIO inand aims to transform the property landscape in the region by developing a series of projects that break conventional barriers. At storeys, G Tower is one of the Emirates tallest residential establishments and located in the City of Arabia.
Also under development is the Badria Towers, which aims to become the most luxurious residential tower in the world. This futuristic development will consist of two high-rise buildings connected to a shopping mall and services area. Located at the 6th Circle Junction, one of the highest points in the city, the development will also have a five star hotel operated by Hilton International. Conceived as a financial city, BFH is the first development of its kind in the Middle East with a site area of over 2 million sq ft reclaimed from the sea.
The heart of the development, the Financial Centre, is currently under construction including two office towers, a Financial Mall and the Harbour House - a landmark building at the centre of the development. Established in by the government of Saudi Arabia, SAGIA's mission is to create a business friendly environment, provide comprehensive services to investors and foster investment opportunities in energy, transportation and knowledge-based industries.
Its inception followed the announcement of a New Foreign Investment Law. This will provide SAGIA with an up-to-date database that lists opportunities with competitive advantage which is in line with its mission to enhance investments for foreign and domestic investors.
Knowledge Economic City, one of the four cities, will be developed on a 4. The project is expected to add 20, new jobs to the region and will include various zones designed to compliment each other including a technology and KBI zone, an advanced IT studies institute, an interactive museum devoted to the life of PBUH Prophet Mohammad, a campus for medical research and life sciences; an integrated medical services zone; a retail zone and a business district.
Abyaar is a joint venture between Kuwait's Aayan Leasing and Investment Company, a leading investment player and major real estate developer, Al Rashdan Group. The company now has an extensive portfolio across Dubai and throughout the GCC. Abyaar invests in real estate in compliance with the rules and regulations of Islamic Sharia and plans to invest in residential, commercial, retail top real estate firms in dubai hospitality projects across the region.
The Acacia Avenues is the only freehold development on offer in the Jumeirah area. Stage one will provide a range of accommodation including Olgana - freehold apartments and villas. Hilliana is the following phase which will house freehold serviced apartments. A second VQ is also being developed across the Marina which will house apartments including studios, one-bedroom and two-bedroom flats as well as three-bedroom town top real estate firms in dubai and two penthouses.
The company currently has a development portfolio comprising major residential, commercial, leisure and hospitality schemes in Abu Dhabi and Al Ain. Aldar's founding shareholders include leading Abu Dhabi institutions and prominent, individual shareholders. Aldar's flagship development is the redevelopment of the Central Market along Khalifa and Hamdan streets in the UAE capital, under a year concession awarded by the Abu Dhabi government.
This site will be top real estate firms in dubai into a town centre and high-rise commercial development, focused around speciality retail outlets, cultural attractions, a traditional Arab souk and transport hub for the city of Abu Dhabi. Construction work started in and will be completed by Established in the 's, the Al-Futtaim Group initially operated as a trading enterprise but rapid development throughout the 's and 's saw it establish itself regionally as an integrated commercial, industrial and services top real estate firms in dubai.
Today it operates collectively over 40 companies through operations including Bahrain, Kuwait, Qatar, Oman and Egypt. As well as retail, automotive and other sectors, Top real estate firms in dubai is pushing into real estate development in a major way. Al-Futtaim recently said it hoped to clinch a deal in India this year to build a project similar to Festival City.
From humble beginnings, Al Habtoor developed into a global player. Its current projects include the construction of the global corporate icon, Iris Bay in Dubai's Business Bay. In a joint partnership with Sheth Estate International, the international arm of Sheth Group of India, Al Habtoor will build the half moon shaped building which will feature three levels for parking and 36 floors for office use.
The contract includes a 60, sq m extension to the existing hall, the construction of two large car parks and a storey tower comprising a hotel and office space. The extension to the exhibition top real estate firms in dubai is due for completion next October while the entire development, including a 2.
Al Habtoor was also amongst the first contractors in the region to sign up to BuildSafeDubai, a new initiative aimed at improving health and safety standards on construction sites. Al Mazaya Holding is a Kuwait-based regional real estate development company. InAl Mazaya launched its real estate index to measure the level of property price movements across the region, the first such initiative of its kind. The company is also diversifying its investments, with the establishment of a property portfolio in Oman, and two new property arms in Jordan and Qatar.
Al Rostamani Group is top real estate firms in dubai of the largest conglomerates in the UAE which has been active in the region for more than 50 years. His father, Haj Hassan, was a merchant in the Gulf and India. Al Rostamani started work as a clerk when he was 15 and his first business venture began with capital of just Rupees. A few years later the brothers started a general trading company that would eventually become Al Rostamani Group.
The business top real estate firms in dubai began to take off after the formation of the federation in A milestone in the development of the brothers' business empire came in when they secured the franchise for Nissan cars. It now has a range of diverse activities in automobiles, heavy vehicles, spare parts and services, travel related products, foreign exchange, land development, building industry related products, infrastructure development, electronic communications top real estate firms in dubai general trading.
It also has interests in real estate.