Published On: April 3, 2024Categories: Real Estate3.9 min read789 wordsViews: 26

The real estate market is a cornerstone of any economy and affects a vast number of people through its movements. In 2024, the real estate sector continues to have promising long-term potential. Robust economic growth, expanding population, and government investment could all contribute to increasing demand for real estate.

Governments, corporates, and semi-government developers are investing in real estate projects throughout the region, particularly in Saudi Arabia, Egypt, and the UAE. These projects are giving a huge boost to the regional construction sector, which also has a positive outlook over the next few years.

Real estate sales transactions in the GCC between January and October 2023 reached $171.6 billion, up 21.1% year-on-year, according to a report by Kamco Invest. Dubai’s transactions increased by 57% during the same period, contributing 52.1% to the GCC’s total transacted value.

Our list of The Middle East’s Most Impactful Real Estate Leaders 2024 features 33 companies from the U.A.E., followed by Saudi Arabia with 23 entries and Egypt with 20.

1. Mohamed Alabbar
Emaar Properties

2. Talal Al Dhiyebi
Aldar Properties

3. Nadhmi Al-Nasr
NEOM

4. Hesham Al Qassim
Wasl

5. Abdullah bin Hamad Al Attiyah
Qatari Diar

6. Hussain Sajwani
DAMAC Properties

7. Hisham Talaat Moustafa
Talaat Moustafa Group Holding (TMG Holding)

8. David Grover
ROSHN Group

9. Naaman Atallah
Nakheel

10. P. N.C. Menon
Sobha Realty

11. Omar Al Futtaim
Al-Futtaim Group Real Estate

12. Abdulla Jobara Alromaihi
BARWA Real Estate

13. Mohammad Albuty
National Housing Company (NHC)

14. Yousef Al Shelash
Dar Al Arkan

15. Khaled Al Amoudi
Jabal Omar Development Company (JODC)

16. Alison Rehill-Erguven
Cenomi Centers

17. Ahmed El Shamy
Majid Al Futtaim – Properties

18. Hani Dabash
Ezdan Holding Group

19. Bill O’Regan
Q Holding

20. Ibrahim M Al Alwan
Al Akaria

21. Yasseen Mansour
Palm Hills Developments (PHD)

22. Mohammad Abdulhameed Almubarak
Knowledge Economic City (KEC)

23. Jehad Alkadi
Riyadh Development Company (ARDCO)

24. Waleed Khaled Alsharian
Mabanee

25. Talal Moafaq Al Gaddah
MAG Lifestyle Development

26. Meshaal Bin Omairah
Al Othaim Investment

27. Rizwan Sajan
Danube Properties

28. Cyril Piaia
Emaar The Economic City (EEC)

29. Omar El Hamamsy
Orascom Development Egypt (ODE)

30. Fahd Mohamad Saleh Alfawaz
Makkah Construction and Development (MCDC)

31. Amer Waleed Al Zoubi
Tiger Properties

32. Ajlan bin Abdulaziz Alajlan
Ajlan & Bros

33. Muhammad BinGhatti
Binghatti Developers

34. Kabir Mulchandani
FIVE Holdings

35. Carlos Wakim
Bloom Holding

36. Sultan bin Badr Al-Otaibi
Taiba Investments

37. Abdallah Sallam
Madinet Masr

38. Ayman Amer
Six of October Development and Investment (SODIC)

39. Faisal Alnasser
Alandalus Property

40. Mohammed Al Otaibi
Ajdan Real Estate Development

41. Abdulaziz Ghazi Alnafisi
Salhia Real Estate Company

42. Mohamed Morshedy
Morshedy Group

43. Anas Sefrioui
Douja Promotion Groupe Addoha

44. Abdullah Al-Braikan
Retal Urban Development

45. Ahmed Alkhoshaibi
Arada

46. Sameh Al Muhtadi
RAK Properties

47. Fareed Al Janahi
AWR Properties

48. Talal Jassim Al-Bahar
Kuwait Real Estate Company (AQARAT)

49. Faisal Jamil Sultan Al-Essa
National Real Estate Company (NREC)

50. Mahmoud Dawood Al Marzouq
Tamdeen Real Estate Company

51. Saeed Al Qatami
Deyaar Development

52. Mohamed Allam
Hassan Allam Properties (HAP)

53. Abdulmutaleb Marafie
The Commercial Real Estate Company (Al Tijaria)

54. Farhad Azizi
Azizi Developments

55. Sultan Al Ghurair
Al Ghurair Properties

56. Haitham Mohamed AbdelAzim
Ora Developers Egypt

57. Andrea Nucera
Reportage Properties

58. Mahdi Amjad
OMNIYAT

59. Mohamed Hany El Assal; Mohamed Khaled El Assal; Karim Khaled El Assal
Misr Italia Properties (MIP)

60. Sahl Dudin
Ayla Oasis Development Company

61. Benoy Kurien
Al Hamra

62. Majed Abdulla Al Khan
Infracorp

63. Hamad Bin Mohammed Al-Thani
Mazaya Real Estate Development

64. Faris Saeed
SEE Holding

65. Suwaidan Al-Dhaheri
IMKAN Properties

66. Robert Booth
Ellington Properties

67. Ya’rob Al-Qudah
National Resources Investment and Development Corporation (Mawared)

68. Amer Khansaheb
Union Properties

69. Yousuf Fakhruddin
Fakhruddin Properties

70. George Saad
Al Zorah Development Company

71. Abdulla Bin Sulayem
Seven Tides

72. Rahail Aslam
Select Group

73. Khaled Al-Mashaan
ALARGAN International Real Estate Company

74. Khaled Abbas
Administrative Capital For Urban Development

75. Amr Soliman
Mountain View

76. Omar Dorra
DORRA DEVELOPMENTS

77. Sameh El Said
Heliopolis Company for Housing and Development

78. Jarallah Al Amrah
Sumou Real Estate

79. Amr Al-Dabbagh
Red Sea International

80. Ahmed Shalaby
Tatweer Misr

81. Ahmed Al-Sulaim
Jeddah Central Development Company (JCDC)

82. Ahmed Yusuf
Seef Properties

83. Abdullah Al Habib
Mohammad Al Habib Real Estate Co.

84. Housni El Ghazaoui
Groupe Al Omrane

85. Ali Al Kuwari
Msheireb Properties

86. Nasser bin Masoud Al Sheibani
Al Mouj Muscat

87. Fahad Abdullah Al Araimi
Al Raid Group

88. Mohammed Bader Al Sadah
Estithmar Holding

89. Ahmed Sabbour
Al Ahly Sabbour Developments

90. Mohamed El Dahan
City Edge Developments

91. Ayman Khalifa
Arab Developers Holding

92. Ahmed Al Ammadi
Diyar Al Muharraq

93. Amin Alarrayed
Naseej

94. Khalid Bin Hassan AlGahtani
Rikaz Properties

95. Issa Ataya
Alef Group

96. Sadiq Jaffer Sulaiman
Maysan Properties

97. Karim Shafei
Al Ismaelia for Real Estate Investment

98. Amged Sebak
Amer Group

99. Ayman Elkousey
MIDAR

100. Sultan AlKhudair
Al Saedan Real Estate Company

Methodology
We ranked companies based on the following:

  • Total assets, market value, and revenues, where available.
  • Value and/or size of the landbank and number of units held by the developer.
  • Value of projects completed.
  • Value of projects under construction.
  • The developer’s commitment in terms of delivering the properties to the buyers.

 

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