Artificial Intelligence
Builders Company
Developers/Aqarat Real Estate Development Company
AR
Aqarat Real Estate Development CompanyJeddah, Saudi Arabia · founded 1992 · 1 active markets
SUBSIDIARY
aqarat.com.sa

Aqarat develops serviced land and mixed-use real-estate projects across Saudi Arabia, including residential, commercial, hospitality, and community-oriented schemes. Its customers include homebuyers, investors, pilgrims, visitors, tenants, and businesses seeking integrated environments, investment opportunities, and managed property services and customer support.

Years in business
34
founded 1992
LinkedIn headcount
196
employees, as shown on LinkedIn · size band 11–50
Assets under management
SAR 30 billion
17/11/2024
Projects last researched October 14, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Aqarat Real Estate Development Company1
Headquarters
Alesayi Plaza, Madinah Al-Munawwarah Road, directly after the Tahlia intersection1, Jeddah1, Saudi Arabia
Founded
19921
Entity type
SUBSIDIARY1
Business model
offplan for sale1, commercial1, mixed use1, masterplan1
Markets
1 market listed
What they build
Retail (1 of 1)
Full dossier in About →

Delivery record

0 date-assessed of 1 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
1
within the rolling ten-year window
Median delay
—
the middle of no scored projects
Average delay
—
the same projects, pulled by the worst
Average time to deliver
—
no delivered projects with a dated start — needs 3
Worst slip
—
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

Not enough info yet.
Projects and timelines in Track Record →

Awards & recognition

All awards →

Risks & source coverage

No evidenced risk flags in the sources reviewed. An absence of flags is not evidence that there is no risk.

Record status
active
Company sources
76 source entries across 76 fields
Projects tracked
1 · 1 completed in assessment
All flags and sources →

Track Record

Delivery record

0 date-assessed of 1 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
1
within the rolling ten-year window
Median delay
—
the middle of no scored projects
Average delay
—
the same projects, pulled by the worst
Average time to deliver
—
no delivered projects with a dated start — needs 3
Worst slip
—
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

Not enough info yet.

Construction start to handover

1 of 1 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Jeddah, Saudi Arabia
2021202220232024202520262027todayJEDDAH, SAUDI ARABIAcompleted, no target published
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

About

Company dossier

Legal name
Aqarat Real Estate Development Company
Headquarters
Alesayi Plaza, Madinah Al-Munawwarah Road, directly after the Tahlia intersection, Jeddah, Saudi Arabia
21455
Founded
1992
Jeddah, Saudi Arabia
Entity type
SUBSIDIARY
Revenue
not published
Business model
offplan for sale, commercial, mixed use, masterplan

Offices

head office and 2 others
MakkahMadinah

Sources: office cities

COMPANYdate not shown in source

اتصل بنا

Aqarat
فرع مكة المكرمة
value seen: Makkah
held out of the figures · the quote does not carry this value
value paraphrased from this source
http://aqarat.com.sa/contacts.html

Sources: office cities

COMPANYdate not shown in source

اتصل بنا

Aqarat
فرع المدينة المنورة
value seen: Madinah
held out of the figures · the quote does not carry this value
value paraphrased from this source
http://aqarat.com.sa/contacts.html

Partners

2 partners
Gensler
partner

Aqarat signed a cooperation agreement with Gensler to design its mixed-use Jabal Omar project in Makkah.

Jabal Omar Development Company
joint venture

Aqarat described its partnership with Jabal Omar Development Company as an alignment of integrated visions for the Jabal Omar project.

Sources: name

COMPANY2022-08-31

AQARAT Real Estate Development Company Agreement with Gensler International to Design its Newest Project in Jabal Omar in Makkah - Alesayi Holding

Alesayi Holding
signed a cooperation agreement with Gensler
value seen: Gensler
https://alesayi.com/en/aqarat-real-estate-development-company-agreement-with-gensler-international-to-design-its-newest-project-in-jabal-omar-in-makkah/

Sources: partner type

COMPANY2022-08-31

AQARAT Real Estate Development Company Agreement with Gensler International to Design its Newest Project in Jabal Omar in Makkah - Alesayi Holding

Alesayi Holding
cooperation agreement with Gensler to design its new project
value seen: OTHER
value paraphrased from this source
https://alesayi.com/en/aqarat-real-estate-development-company-agreement-with-gensler-international-to-design-its-newest-project-in-jabal-omar-in-makkah/

Sources: summary

COMPANY2022-08-31

AQARAT Real Estate Development Company Agreement with Gensler International to Design its Newest Project in Jabal Omar in Makkah - Alesayi Holding

Alesayi Holding
signed a cooperation agreement with Gensler to design its new project in the Jabal Omar district of Makkah
value seen: Aqarat signed a cooperation agreement with Gensler to design its mixed-use Jabal Omar project in Makkah.
held out of the figures · the quote does not carry this value
https://alesayi.com/en/aqarat-real-estate-development-company-agreement-with-gensler-international-to-design-its-newest-project-in-jabal-omar-in-makkah/

Sources: name

COMPANY2022-08-31

AQARAT Real Estate Development Company Agreement with Gensler International to Design its Newest Project in Jabal Omar in Makkah - Alesayi Holding

Alesayi Holding
Jabal Omar Development Company
value seen: Jabal Omar Development Company
https://alesayi.com/en/aqarat-real-estate-development-company-agreement-with-gensler-international-to-design-its-newest-project-in-jabal-omar-in-makkah/

Sources: partner type

COMPANY2022-08-31

AQARAT Real Estate Development Company Agreement with Gensler International to Design its Newest Project in Jabal Omar in Makkah - Alesayi Holding

Alesayi Holding
partnership with Jabal Omar Development Company
value seen: JV_PARTNER
value paraphrased from this source
https://alesayi.com/en/aqarat-real-estate-development-company-agreement-with-gensler-international-to-design-its-newest-project-in-jabal-omar-in-makkah/

Sources: summary

COMPANY2022-08-31

AQARAT Real Estate Development Company Agreement with Gensler International to Design its Newest Project in Jabal Omar in Makkah - Alesayi Holding

Alesayi Holding
Al-Rashidi also expressed his appreciation for the fruitful partnership with Jabal Omar Development Company, as this partnership comes because of the integrated visions between the two parties.
value seen: Aqarat described its partnership with Jabal Omar Development Company as an alignment of integrated visions for the Jabal Omar project.
held out of the figures · the quote does not carry this value
https://alesayi.com/en/aqarat-real-estate-development-company-agreement-with-gensler-international-to-design-its-newest-project-in-jabal-omar-in-makkah/

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Saudi Arabiaactive 1 project tracked

What they build

1 type
Retail1 of 1
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
AO
Abdullah Omar K. Alesayi
Current title
Chairman
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged

Sources: full name

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
### Abdullah Omar K. Alesayi
value seen: Abdullah Omar K. Alesayi
https://dev.alesayi.com/en/about-us/

Sources: role type

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
Chairman
value seen: Chairman
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://dev.alesayi.com/en/about-us/

Sources: title

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
Chairman
value seen: Chairman
https://dev.alesayi.com/en/about-us/
SO
Saeed Omar K. Alesayi
Current title
Board Member
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged

Sources: full name

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
### Saeed Omar K. Alesayi
value seen: Saeed Omar K. Alesayi
https://dev.alesayi.com/en/about-us/

Sources: role type

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
Board Member
value seen: Board Member
value paraphrased from this source
https://dev.alesayi.com/en/about-us/

Sources: title

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
Board Member
value seen: Board Member
https://dev.alesayi.com/en/about-us/
MO
Mohammed Omar K. Alesayi
Current title
Board Member
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged

Sources: full name

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
### Mohammed Omar K. Alesayi
value seen: Mohammed Omar K. Alesayi
https://dev.alesayi.com/en/about-us/

Sources: role type

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
Board Member
value seen: Board Member
value paraphrased from this source
https://dev.alesayi.com/en/about-us/

Sources: title

COMPANYdate not shown in source

About Us – Alesayi Holding

Alesayi Holding
Board Member
value seen: Board Member
https://dev.alesayi.com/en/about-us/
MA
Mohammed Al-Haj
Current title
Group Chief Executive Officer, Alesayi Holding
since Jan 2026 - Present
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged
https://linkedin.com/in/mohammed-al-haj-250a7628

Sources: full name

SOCIALdate not shown in source

Mohammed Al-Haj

LinkedIn
Group CEO at Alesayi Holding. Board Member across multiple sectors
value seen: Mohammed Al-Haj
held out of the figures · the quote does not carry this value
https://linkedin.com/in/mohammed-al-haj-250a7628

Sources: linkedin page

SOCIALdate not shown in source

Mohammed Al-Haj

LinkedIn
### Group Chief Executive Officer - [ALESAYI HOLDING | العيسائي القابضة] (Current)
value seen: https://linkedin.com/in/mohammed-al-haj-250a7628
https://linkedin.com/in/mohammed-al-haj-250a7628

Sources: role type

SOCIALdate not shown in source

Mohammed Al-Haj

LinkedIn
### Group Chief Executive Officer - [ALESAYI HOLDING | العيسائي القابضة] (Current)
value seen: Group Chief Executive Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://linkedin.com/in/mohammed-al-haj-250a7628

Sources: since

SOCIALdate not shown in source

Mohammed Al-Haj

LinkedIn
Jan 2026 - Present (9 months) in Jeddah, Mecca Region, Saudi Arabia
value seen: Jan 2026 - Present
https://linkedin.com/in/mohammed-al-haj-250a7628

Sources: title

SOCIALdate not shown in source

Mohammed Al-Haj

LinkedIn
### Group Chief Executive Officer - [ALESAYI HOLDING | العيسائي القابضة] (Current)
value seen: Group Chief Executive Officer
https://linkedin.com/in/mohammed-al-haj-250a7628
AA
Abdulhadi Al-Rashidi
Current title
CEO of Aqarat Real Estate Development Co.
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged

Sources: full name

PRESS2024-11-17

Aqarat manages SAR 30B real estate portfolio: CEO

Argaam
Abdulhadi Al-Rashidi, CEO of Aqarat Real Estate Development Co.
value seen: Abdulhadi Al-Rashidi
https://www.argaam.com/en/article/articledetail/id/1769943

Sources: role type

PRESS2024-11-17

Aqarat manages SAR 30B real estate portfolio: CEO

Argaam
Abdulhadi Al-Rashidi, CEO of Aqarat Real Estate Development Co.
value seen: CEO of Aqarat Real Estate Development Co.
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.argaam.com/en/article/articledetail/id/1769943

Sources: title

PRESS2024-11-17

Aqarat manages SAR 30B real estate portfolio: CEO

Argaam
Abdulhadi Al-Rashidi, CEO of Aqarat Real Estate Development Co.
value seen: CEO of Aqarat Real Estate Development Co.
https://www.argaam.com/en/article/articledetail/id/1769943
MA
Majed Alkelshi
Current title
Vise president of government relation
since Oct 2024 - Present
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged
https://sa.linkedin.com/in/majed-alkelshi-80310615a

Sources: full name

SOCIALdate not shown in source

Majed Alkelshi

LinkedIn
### Vise president of government relation نائب الرئيس التنفيذي للعلاقات الحكومية - [Aqarat Real Estate Development Company | شركة عقارات للتطوير والتنمية] (Current)
value seen: Majed Alkelshi
held out of the figures · the quote does not carry this value
https://sa.linkedin.com/in/majed-alkelshi-80310615a

Sources: linkedin page

SOCIALdate not shown in source

Majed Alkelshi

LinkedIn
### Vise president of government relation نائب الرئيس التنفيذي للعلاقات الحكومية - [Aqarat Real Estate Development Company | شركة عقارات للتطوير والتنمية] (Current)
value seen: https://sa.linkedin.com/in/majed-alkelshi-80310615a
https://sa.linkedin.com/in/majed-alkelshi-80310615a

Sources: role type

SOCIALdate not shown in source

Majed Alkelshi

LinkedIn
Department: General Management • Level: President/Vice President
value seen: Vise president of government relation
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://sa.linkedin.com/in/majed-alkelshi-80310615a

Sources: since

SOCIALdate not shown in source

Majed Alkelshi

LinkedIn
Oct 2024 - Present (1 year and 11 months)
value seen: Oct 2024 - Present
https://sa.linkedin.com/in/majed-alkelshi-80310615a

Sources: title

SOCIALdate not shown in source

Majed Alkelshi

LinkedIn
### Vise president of government relation نائب الرئيس التنفيذي للعلاقات الحكومية - [Aqarat Real Estate Development Company | شركة عقارات للتطوير والتنمية] (Current)
value seen: Vise president of government relation
https://sa.linkedin.com/in/majed-alkelshi-80310615a

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

1 project
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Sultan Crystal MallJeddah, Saudi Arabia
retail—a basement floor, a ground floor, a mezzanine floor, and a first floor——————Aug 2021—not scorablecompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

1 found
GOVERNMENT RECOGNITION September 25, 2025 (reported)
Recognition by the Holy Capital Municipality for sponsoring and supporting national community activities
The developer reports that it was honoured by the Holy Capital Municipality for sponsoring and supporting national community activities.

Risks

Risk flags

none found

Record status

active
Coverageactive
Tracked sinceOctober 8, 2026
Last checkedOctober 14, 2026 this month
Profile last researchedOctober 14, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.