Description
AMAAR Real Estate Company (AMAAR) was founded by Mr. Abdulhadi Fahad Al-Qahtani and his brothers in 2011 under the laws of the Kingdom of Saudi Arabia (KSA) to engage in the development, marketing and portfolio management of Land. Guided by its Vision to be the most trusted Land investor, developer and marketer within Saudi Arabia by 2030, AMAAR had provided exceptional solutions within the Saudi Arabia Market cultivating trust, satisfying their partners and earning their reputation for quality development in the Eastern Region.
AMAAR believes in maintaining a high degree of professionalism, high ethical standards and innovative business practices and systems. Thus, AMAAR ensures that they adhere to their Core Values which include honesty, integrity, and fairness in dealing with their clients, service providers, competitors and personnel. Acknowledging the importance of the Human Resources to the success of the company, AMAAR had empowered their Manpower providing them with knowledge and necessary training to help them achieve the highest degree of success not just in their professional lives but in their personal lives as well.
The company has chosen the Eastern Province to be their starting point because of its high commercial activity brought by the discovery of oil in 1938 at Dammam City, a well-known location dubbed as “Prosperity Well”. In 2012, they engaged in various land development projects in the Eastern Region covering Khobar, Dammam and Dhahran. It ventured into New Opportunities in new locations in the Kingdom (Jeddah & Mecca) in 2014, Riyadh in 2015 and Qatif in 2017. In 2019, it placed itself in the map with its AMAAR Tower located in the heart of Al Khobar.
To date, under the leadership of Mr. Abdulhadi Fahad Al-Qahtani – an Executive MBA graduate from the premier school King Fahad University of Petroleum and Mineral (KFUPM). He has more than 22 years of experience in real estate investment, logistics, business development, marketing, sales, and services – the company became one of the leading Saudi Companies specializing in real estate investment, development, and marketing. Banking on its competitive strength, the company had launched thirteen (13) projects with a total cost of 6.4 Billion SAR (with about 8.3 Million sqm Land Development) and a project ROI of 24%. Among their notable projects are: (1) Amaar Tower, (2) Danah Alrames, (3) Qenwan Villa, (4) Tanweea, (5) Khuraess, (6) Emdad, (7) Mawred, (8) Ewan, (9) Durah, (10) Taawun, (11) Dhahran Warehouse, (12) Amayer, and (13) Al-Fahad Farms.
The company has embarked on the task of being an active supporter of the Real Estate General Authority (REGA) to help usher the development and increase the level of professionalism in the industry.
As a market leader, AMAAR has started in 2020 strategic partnership and cooperation with its network of investors, financial institutions, market intelligence providers, branding consultants and communication partners to bring the message of the NEW AMAAR. AMAAR is in the process and committed to become an ISO 9001:2015 company (Quality Management System).
AMAAR, with its innovative mindset, commitment to excellence, and proven expertise is the ideal strategic partner to seize real estate investment opportunities in the KSA. The company, having been helping clients for almost 10 years, has built a network of key strategic partners and has developed a deep understanding of the dynamics of the Saudi Arabia Real Estate Market and the challenges that the investors and the proponents face. Thus, they tailor outside-the-box solutions for their clients in view of efficiently and effectively delivering projects on time, within budget and of highest quality.