2019-11-19 @ 09:55:00

Top Unlisted Real Estate Companies in the Middle East 2019

The Middle East’s real estate sector is closely linked to its economy, with the industry contributing heavily to growth. Over the last two decades, the region has become world-renowned for erecting architectural masterpieces such as: the Burj Khalifa, the world’s tallest tower; Palm Jumeirah, a completely man-made island off the coast of Dubai; and the Jeddah Tower, which is currently under construction in Saudi Arabia.  

The region has also emerged at the forefront for adapting proptech—an emerging field that implements the use of technology in real estate to produce the best results. Homegrown companies such as Bayut and Propertyfinder have bagged multiple rounds of big-ticket funding from global investors, indicating the strength of the local property market. Looking ahead, mega events such as the Expo 2020 and the FIFA World Cup in 2022 are expected to further brighten the outlook of the market by buoying real estate sales while supporting the hospitality sector.

 

The Top Unlisted Real Estate Companies in the Middle East list was compiled using data gathered through questionnaires and information available from company websites and third-party consultants.

 

The list was put together based on:

  • Past record of delivery of projects in terms of area, value and reliability.
  • Future projects in terms of area as well as estimated value of projects under construction.
  • Age of the company.
  • Editorial points.