Artificial Intelligence
Builders Company
Developers/AQARAT
A
AQARATKuwait City, Kuwait · founded 06/05/1972 · 3 active markets
PUBLIC LISTED

AQARAT develops and operates residential communities, staff housing, commercial properties, mixed-use destinations and hospitality assets. Its portfolio spans Kuwait, the United Arab Emirates and the United States, serving residents, workers, guests, businesses and investors through ownership, development, leasing and operations.

Years in business
54
founded 06/05/1972
LinkedIn headcount
60
employees, as shown on LinkedIn · size band 51–200
Portfolio value
KWD 460.9 million
FY 2024
Projects last researched October 13, 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
Kuwait Real Estate Company K.P.S.C1
Headquarters
Darwazat Abdul Razak Street1, Kuwait City1, Kuwait
Founded
06/05/19721
Entity type
PUBLIC LISTED1
Business model
commercial1, mixed use1, masterplan1, other1
Markets
3 markets listed
What they build
Hotel (4 of 9) · Residential, for rent (4 of 9) · Residential, for sale (2 of 9)
Full dossier in About →

Delivery record

4 date-assessed of 9 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
9
within the rolling ten-year window
Median delay
+9.0 mo
the middle of 4 scored projects
Average delay
+8.3 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+19.5 mo
YOTEL San Francisco · +14.0 to +25.0
2
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
2
red rows below

Against other developers

4 date-assessed here · 6 developers, 24 date-assessed projects in Kuwait
Median delay
AQARAT·6 developers in Kuwait
+9.0 mo vs +12.0 mo
this developer 3.0 mo better
The typical project on each side.
Average delay
AQARAT·6 developers in Kuwait
+8.3 mo vs +16.6 mo
this developer 8.3 mo better
Both pulled by their worst few.
On time
AQARAT·6 developers in Kuwait
50% vs 38%
this developer 12 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Projects and timelines in Track Record →

Resident experience

9 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.3/ 10
Weighted judgment across build and operations · from 9 of 9 rated buildings
Structure & systems
5.8/ 10
Fabric, services, waterproofing, envelope · from 3 of 9 rated buildings
Management & living
6.9/ 10
Upkeep, response times, amenities, community · from 8 of 9 rated buildings

Against other developers

9 rated here · 7 developers, 24 rated buildings in Kuwait
Overall rating
AQARAT · 7 other developers in Kuwait
7.3 vs 8.6
this developer 1.3 worse
The weighted verdict on each side. From 9 of 9 rated buildings here and 24 in the market.
Structure & systems
AQARAT · 7 other developers in Kuwait
5.8 vs —
Too few buildings with this score in Kuwait to compare (6)
Fabric and engineering only — fixed at handover. From 3 of 9 rated buildings here and 6 in the market.
Management & living
AQARAT · 7 other developers in Kuwait
6.9 vs 8.1
this developer 1.2 worse
Upkeep and response — belongs to whoever runs the building now. From 8 of 9 rated buildings here and 24 in the market.
The market here is Kuwait: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • DELIVERY DELAY Reported 20 May 2026; status and target as of Q1 2026 AQARAT reported that its Domus 5 staff-housing project in Dubai experienced a slight handover delay; in its Q1 2026 update, the company said the project was 86% complete and that completion was targeted for Q2 2026. This is a reported schedule delay, not evidence that the project was abandoned or cancelled.
  • DELIVERY DELAY 2022-05-18 (delay and completion reported); original opening target: end-2020 YOTELPAD Miami, developed by Aria Development Group in partnership with Kuwait Real Estate Company (AQARAT), was originally slated to open by the end of 2020 but completion was delayed by pandemic, logistics and materials issues; the project was completed/opened in 2022, so the delay is historical rather than an active non-delivery.
  • DELIVERY DELAY 2022-03 (delay reported in Q4 2022 results presentation); 6 May 2024 (opening) Arabella Beach Hotel in Kuwait, owned by AQARAT, experienced a reported slight completion delay in AQARAT’s 2022 results materials, while AQARAT’s property page had described an opening expected in March 2023; IHG reported the hotel opened on 6 May 2024, making this a resolved historical delay rather than an active failure.
Record status
active
Company sources
111 source entries across 111 fields
Projects tracked
9 · 9 completed in assessment
All flags and sources →

Track Record

Delivery record

4 date-assessed of 9 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
9
within the rolling ten-year window
Median delay
+9.0 mo
the middle of 4 scored projects
Average delay
+8.3 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+19.5 mo
YOTEL San Francisco · +14.0 to +25.0
2
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
2
red rows below

Against other developers

4 date-assessed here · 6 developers, 24 date-assessed projects in Kuwait
Median delay
AQARAT·6 developers in Kuwait
+9.0 mo vs +12.0 mo
this developer 3.0 mo better
The typical project on each side.
Average delay
AQARAT·6 developers in Kuwait
+8.3 mo vs +16.6 mo
this developer 8.3 mo better
Both pulled by their worst few.
On time
AQARAT·6 developers in Kuwait
50% vs 38%
this developer 12 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
The market here is Kuwait: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

9 of 9 projects dated · 4 places
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
Miami, United States
Kuwait
Dubai, United Arab Emirates
San Francisco, United States
2015201620172018201920202021202220232024202520262027todayMIAMI, UNITED STATES+11.5 moestimated+14.5 moestimatedKUWAIT+18 moverified+5 moestimatedDUBAI, UNITED ARAB EMIRATES+3 moestimated−4.5 moverifiedon timeverifiedcompleted, no target publishedSAN FRANCISCO, UNITED STATES+19.5 moverified
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. 1 dated statement is held back: a broker listing with no date on it, or a page with no year, cannot fix a date. 6 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

9 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.3/ 10
Weighted judgment across build and operations · from 9 of 9 rated buildings
Structure & systems
5.8/ 10
Fabric, services, waterproofing, envelope · from 3 of 9 rated buildings
Management & living
6.9/ 10
Upkeep, response times, amenities, community · from 8 of 9 rated buildings

Against other developers

9 rated here · 7 developers, 24 rated buildings in Kuwait
Overall rating
AQARAT · 7 other developers in Kuwait
7.3 vs 8.6
this developer 1.3 worse
The weighted verdict on each side. From 9 of 9 rated buildings here and 24 in the market.
Structure & systems
AQARAT · 7 other developers in Kuwait
5.8 vs —
Too few buildings with this score in Kuwait to compare (6)
Fabric and engineering only — fixed at handover. From 3 of 9 rated buildings here and 6 in the market.
Management & living
AQARAT · 7 other developers in Kuwait
6.9 vs 8.1
this developer 1.2 worse
Upkeep and response — belongs to whoever runs the building now. From 8 of 9 rated buildings here and 24 in the market.
The market here is Kuwait: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

9 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
501 First ResidencesMiami476 units
9.7/ 10
—/ 10
8.1/ 10
Airbnb 4.9/5, 4.9/5, 4.9/5, 4.9/5, 4.9/5, 4.9/5 · 8 reviews · airbnb.com
Combined from 6 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.1.

The largest located review base is an Airbnb building-page stay aggregate of 4.91/5 from 33 reviews, which converts to approximately 9.7/10 under the supplied curve. Expedia's 10/10 is based on only 6 reviews and therefore does not replace the anchor. The result is a guest-experience score, not a resident-year score; no independent structural rating or resident review base was located.

+ Strong guest ratings+ Cleanliness praised+ Well-equipped units+ Rooftop pool and amenities+ Controlled access and front desk

no notes returned

no links returned

Published guest evidence is strongly positive but short-stay based: Expedia shows “10 out of 10” from 6 reviews, while an Airbnb listing reports 5.0/5 from 8 reviews and 4.9/5 category ratings for cleanliness, accuracy, check-in, communication, location and value. The Airbnb building page also lists multiple highly rated stays, including 4.91/5 from 33 reviews, and describes the building as offering controlled access, a rooftop pool, fitness center and coworking lounges.

Arabella Beach Hotel Kuwait, Vignette CollectionAl-Bidaa
9.0/ 10
—/ 10
7.6/ 10
Booking.com 9/10, 8.9/10, 9/10, 9.3/10, 8.3/10, 9/10, 9/10 · 1,561 reviews · zh-tw.annu-hotel.com
Combined from 7 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.6.

Google Reviews/Maps provides the largest review base and its published 4.8/5 converts to 9.4/10 under the specified curve. Booking.com is lower but still favorable, while the sampled written feedback is strongly positive and recurring praise supports a modest upward commentary adjustment; no structural score is assigned because no physical-system evidence was published in the reviewed material.

+ Friendly and attentive staff+ Clean rooms+ Clean beach and pool+ Good food variety+ Family-friendly facilities
− Breakfast choice and closing communication− Occasional check-in delay− Parking-entry signage− Some room-size/value concerns

no notes returned

no links returned

Guest reviews repeatedly describe the staff as “incredibly kind and friendly,” and praise clean rooms, the beach, pool, food and family facilities. The less-positive feedback was operational rather than structural: one guest reported a delayed check-in, another wanted more breakfast choice and objected to noisy table-clearing, and another noted unclear underground-parking directions.

Domus 3Dubai Production City, Dubai
7.7/ 10
—/ 10
7.7/ 10

The Google Reviews/Maps building aggregate of 4.3/5 from 23 reviews sets the level; using the stated 5-point conversion curve gives an anchor of 7.9/10. The sampled comments are mostly positive about amenities, quietness, appearance, cleanliness and location, but the reported unresolved internet and delivery/security problems justify a modest reduction to 7.7/10. The building-identification sources reviewed call it Domus Indigo Three and identify Al Mottahida General Investments, not the supplied Kuwait developer; that attribution discrepancy remains unresolved.

+ Pool and gym amenities+ Quiet environment+ Neat and clean area+ Good location+ Attractive interior and exterior
− Unresolved internet problem− Delivery-handling frustration

no notes returned

no links returned

The sampled operational feedback is generally favorable: one reviewer wrote that the building has “very good service of amenities such as the Pool and the Ginmasio and is quiet,” while another called the area “neat and clean.” The main negative report said the internet kept lagging and disconnecting after a technician visit, and that security would not accept water deliveries; these are individual reports rather than recurring themes in the material read.

Domus 1Dubai Production City, Dubai
7.5/ 10
—/ 10
—/ 10

The only building-specific published rating located is 4.5/5 from 2 reviews, which converts to 8.5/10 under the stated curve. Because the review base is below ten, the rules cap the result within one point of 6.5; there is no review commentary supporting a separate structure or living score.

no notes returned

no links returned

no notes returned

no links returned
Domus 4Dubai Production City, Dubai
7.4/ 10
—/ 10
7.0/ 10

The largest published review base located is the Google-linked 4.2/5 aggregate for DOMUS INDIGO, which appears to cover the named Domus Indigo cluster rather than Domus Indigo 4 alone; it therefore sets the anchor but should not be treated as a building-only score. The sampled reviews support strong facilities, cleanliness, quietness and security, while staff conduct, cleaning interactions, room comfort and shop access are the main negatives. No published structural review rating or infrastructure complaint was located, so structure is left unscored.

+ Gym and swimming pool+ Recreation facilities+ Cleanliness+ Quiet environment+ Security protection
− Rude staff reports− Intrusive cleaning visits− Small rooms− Poor soundproofing− Limited nearby shops

no notes returned

no links returned

The sampled Google-linked reviews describe a generally usable daily experience, praising the building as “extremely clean with gym and swimming pool,” and noting that it is “calm and quiet” with “security protection.” Operational criticism includes a complaint that cleaners knocked on doors to wake residents and a separate review calling staff “very rude”; another reviewer reported that rooms were small and not soundproof and that shops were limited.

Domus 2Dubai Production City, Dubai
7.3/ 10
—/ 10
7.3/ 10

The building-specific Google review aggregate of 4.1/5 sets the level; its nine-review base is below the ten-review anchor threshold, so the result remains within one point of 6.5. No recurring complaint or praise theme was applied as a numerical adjustment, and no published structural rating or sufficiently specific structural evidence supports a structure score.

+ Helpful gym+ Positive stay experience
− Limited nearby market/shops

no notes returned

no links returned

The building-specific review page shows a 4.1/5 overall rating from 9 reviews, with residents describing the gym as “very helpful” and two brief positive stay comments: “Nice” and “Well experience.” The main operational/lifestyle drawback reported was, “no market near by this is the bad things”; no building-specific complaints about management, security, staff attitude, cleanliness, plumbing, HVAC or lifts were found in the material read.

YOTEL Miami and YOTELPAD MiamiDowntown Miami, Miami453 units
6.3/ 10
6.6/ 10
Booking.com 8.2/10, 8.3/10 · 2,341 reviews · booking.com
Booking.com 8.5/10, 8.5/10 · 486 reviews · booking.com
Combined from 4 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.6.
6.3/ 10
Booking.com 8.1/10, 8/10, 7.4/10, 8.8/10, 8.1/10 · 2,341 reviews · booking.com
Booking.com 8.4/10, 8.2/10, 7.9/10, 9.1/10, 8.1/10 · 486 reviews · booking.com
Combined from 10 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.3.

KAYAK’s largest reported review base is YOTEL Miami at 7.9/10 from 2,777 verified ratings, which converts to 6.3 under the supplied guest curve and sets the overall level. Booking.com’s larger-than-ten review aggregates support strong location and facilities but also document recurring service, housekeeping, compact-layout and noise problems. Structure is set from the reported physical-condition material rather than invented engineering evidence, while living is lower because the operational complaints are more persistent.

+ Modern interiors+ Clean rooms reported by many guests+ Useful kitchens and washer/dryers in YOTELPAD+ Good pool and gym facilities
− Housekeeping and cleanliness lapses− Broken toilet/room maintenance reported− Compact layouts and limited bathroom privacy− Noise and thin-wall complaints
+ Excellent downtown location+ Walkable to Bayside and attractions+ Pool, gym and bar valued+ Friendly staff often praised+ Secure elevator/key access
− Inconsistent housekeeping− Reception and check-in delays− Slow or inattentive service− Crowded/noisy pool and surroundings− Billing and short-term-rental issues reported

Published guest reviews describe both properties as modern, clean and well-equipped, with YOTELPAD guests praising “the kitchen setup” and YOTEL guests citing clean, contemporary rooms. The same review material reports “broken flush in toilet,” dirty walls, missed housekeeping, thin walls and bathrooms beside the bed, so physical-condition evidence is positive overall but uneven rather than definitive engineering evidence.

Guests consistently value the downtown location, transport links and shared amenities; one YOTELPAD guest said the pool, gym and bar “were all great,” while another praised staff as “the friendliest most welcoming.” Operational criticism is also recurrent: guests describe missed cleaning, check-in queues, inattentive breakfast service and service that “isn’t great apart from Camilo”; a 2022 report separately recorded owners’ inability at that time to rent YOTELPAD units short-term as initially promised.

Al Riggae Tower HotelRiggae90 units
5.5/ 10
4.8/ 10
5.4/ 10
Booking.com 7.8/10, 7/10, 7.3/10, 7.5/10, 7.7/10, 6.6/10, 7.5/10 · 434 reviews · booking.com
Combined from 7 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 5.4.

Booking.com has the largest reported review base and sets the level at 6.9/10; under the guest-rating curve this converts to approximately 5.8/10, with the limited-evidence safeguard keeping the result within one point of 6.5. Repeated complaints about drainage, noise, missing facilities and service failures outweigh the smaller amount of repeated praise, producing a 5.5 overall living score. Structure is separately lower because multiple guest reports describe drainage, bathroom maintenance, leaks and insulation concerns, but there is no engineering assessment.

+ Comfortable beds+ Clean bathrooms reported by some guests
− Poor bathroom drainage− Bathroom maintenance needed− Water leaks from ceiling− Weak cold insulation− Noisy construction and weak soundproofing
+ Welcoming staff+ Fast service reported+ Clean and comfortable stay+ Convenient access to Avenues Mall+ Comfortable beds
− Booking/refusal complaint− No restaurant or breakfast− No room service− Noise complaints− Small or windowless rooms

Physical-condition feedback is mixed but includes specific maintenance concerns. Guests reported that “the bathroom drainage system is very poor,” that bathrooms were old and needed maintenance, and that water leaked from a ceiling; another review described the building as cold because there was “no heater only cooler.” These are guest reports rather than an engineering inspection, so the extent and current status of the issues remain uncertain.

Day-to-day reviews describe a basic, mixed hotel experience: one guest wrote that staff “treat guests with respect and smile always” and that service was fast, while another reported being refused on arrival after booking and receiving “no solution.” Guests also repeatedly mention the absence of breakfast or a restaurant, limited amenities, small or windowless rooms, and noise; Booking.com’s published category scores were staff 7.8, facilities 7.0, cleanliness 7.3 and value for money 6.6.

YOTEL San FranciscoMid-Market, San Francisco203 units
5.2/ 10
5.9/ 10
Tripadvisor 3.9/5 · 536 reviews · tripadvisor.com
Tripadvisor publishes 3.9/5 from 536 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 5.9.
6.0/ 10
Booking.com 8.1/10, 6.8/10, 7.7/10, 8.2/10, 7.5/10, 7.7/10 · 926 reviews · booking.com
Tripadvisor 3.4/5, 3.8/5, 4.5/5, 4.4/5 · 536 reviews · tripadvisor.com
Combined from 10 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.

KAYAK has the largest published review base and sets the level at 7.3/10; under the guest-rating curve this converts to about 4.6/10. Repeated complaints about the surrounding area, room compactness, noise/HVAC and breakfast outweigh recurring praise for staff, cleanliness and transit access, producing a modest downward adjustment.

+ Clean rooms+ Comfortable beds+ Hot showers+ Heated towel racks
− Non-functional HVAC reported− Loud exhaust fan− Thin windows and street noise− Very small rooms− TV failures
+ Friendly staff+ Helpful reception+ Clean facilities+ On-site security+ Transit access and lounge
− Unsafe-feeling surroundings− Visible homelessness and drug use− Limited breakfast− Parking difficulty− Slow or frustrating service incidents

Physical-condition feedback is mixed rather than evidence of a major structural failure. Tripadvisor includes a recent report of “non-functional HVAC and a loud exhaust fan,” while Booking.com reviews also mention “small rooms, no windows that open, stale air,” TV failures and noisy beds; other guests report clean rooms, hot showers and comfortable beds.

Day-to-day feedback praises “friendly and helpful” staff, clean facilities, the lounge and transit access, but the surrounding Mid-Market/Tenderloin area is the dominant negative: reviewers describe it as “not in the safest area” and report visible homelessness and drug use. Service complaints include room service not happening despite requests, a non-working TV, and breakfast described as “literally just cereal and croissants only.”

Only buildings that have reached handover are rated. 0 of 9 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Kuwait Real Estate Company K.P.S.C
Headquarters
Darwazat Abdul Razak Street, Kuwait City, Kuwait
Qibla · 13013
Founded
06/05/1972
Kuwait
Entity type
PUBLIC LISTED
Revenue
KWD 34.86 million annual consolidated revenue
Year ended 31 Dec 2024
Business model
commercial, mixed use, masterplan, other

Partners

4 partners
IFA Hotels & Resorts
joint venture

AQARAT states that it entered strategic alliances and joint-venture partnerships including IFA Hotels & Resorts.

Aria Development Group
joint venture

Aria is identified as AQARAT’s development partner for the 501 First Residences joint venture in Miami.

Ministry of Finance
government partner

AQARAT’s Subhan labor-housing development is delivered under a 20-year BOT agreement with the Ministry of Finance.

United Hospitality
operator

United Hospitality manages AQARAT’s Arabella Beach Hotel.

Sources: name

COMPANYdate not shown in source

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
strategic alliances and joint venture partnerships with leading local, regional and international companies such as Yotel New York, IFA Hotels & Resorts
value seen: IFA Hotels & Resorts
https://www.aqarat.com.kw/Home/company_profile

Sources: partner type

FILING2024-12-31

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
AQARAT has also entered into strategic alliances and joint venture partnerships with leading local, regional and international companies such as Yotel New York, IFA Hotels & Resorts, UAE and Courtyard by Marriot, Hamburg, Germany.
value seen: strategic alliances and joint venture partnerships
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.aqarat.com.kw/Home/company_profile

Sources: summary

FILING2024-12-31

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
AQARAT has also entered into strategic alliances and joint venture partnerships with leading local, regional and international companies such as Yotel New York, IFA Hotels & Resorts, UAE and Courtyard by Marriot, Hamburg, Germany.
value seen: strategic alliances and joint venture partnerships
value paraphrased from this source
https://www.aqarat.com.kw/Home/company_profile

Sources: name

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
the development is a joint venture between Aqarat and its development partners at Aria Development group
value seen: Aria Development Group
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: partner type

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
the development is a joint venture between Aqarat and its development partners at Aria Development group
value seen: joint venture development partner
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://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
the development is a joint venture between Aqarat and its development partners at Aria Development group
value seen: joint venture development partner
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: name

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
delivered under a 20-year BOT agreement with the Ministry of Finance
value seen: Ministry of Finance
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: partner type

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
delivered under a 20-year BOT agreement with the Ministry of Finance
value seen: 20-year BOT agreement
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://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
delivered under a 20-year BOT agreement with the Ministry of Finance
value seen: 20-year BOT agreement
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: name

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
the hotel ... managed by United Hospitality
value seen: United Hospitality
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: partner type

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
the hotel ... managed by United Hospitality
value seen: managed by United Hospitality
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://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILING2024-12-31

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
the hotel ... managed by United Hospitality
value seen: managed by United Hospitality
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Registrations & licences

COMPANY NUMBER64
Commercial Register in Kuwait · KW
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

3 countries
Kuwaitactive 2 projects tracked
United Arab Emiratesactive 4 projects tracked
United Statesactive 3 projects tracked

What they build

4 types
Hotel4 of 9
Residential, for rent4 of 9
Residential, for sale2 of 9
Mixed use1 of 9
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
IS
Ibrahim Saleh Al-Therban
Chairman; 47 years in banking, investment, real estate and financial institutions. The report provides no university, prior-employer or current outside-board detail.
Current title
Chairman of the Board (Non-Executive Member)
since June 1,2024
Experience
47+ years banking/investment/real estate
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged

Sources: full name

COMPANYdate not shown in source

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
Ibrahim Saleh Al-Therban
value seen: Ibrahim Saleh Al-Therban
https://aqarat.com.kw/Home/board_members

Sources: role type

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Commerce Accounting Experience in banking, investment, real estate and financials institutions
value seen: CHAIR
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: since

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
| Ibrahim Saleh Al-Therban | Chairman of the Board (Non-Executive Member) | Bachelor of Commerce Accounting Experience in banking, investment, real estate and financials institutions | June 1,2024 |
value seen: June 1,2024
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Commerce Accounting Experience in banking, investment, real estate and financials institutions
value seen: Chairman; 47 years in banking, investment, real estate and financial institutions. The report provides no university, prior-employer or current outside-board detail.
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: tags

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Commerce Accounting Experience in banking, investment, real estate and financials institutions
value seen: 47+ yrs banking/investment/real estate
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: title

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Chairman of the Board (Non-Executive Member)
value seen: Chairman of the Board (Non-Executive Member)
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf
TJ
Talal Jassim Al-Bahar
Vice Chairman and CEO, with an investment and real-estate-development background. Independent profiles identify Loyola Marymount University and leadership across IFA-related businesses.
Current title
Vice Chairman & CEO (Executive Member)
since June 1,2024
Experience
no career length stated
Companies before
none sourced
Education
Loyola Marymount UniversityBachelor’s degree in Business Administration
Other boards
Chairman of Arzan Financial Group; Vice Chairman of IFA Hotels & Resorts; board member of Commercial Real Estate Co.
Known for
CEO; Investment; Real-estate development
https://kw.linkedin.com/in/talal-al-bahar-953333381
In Dubai, we've got a slight delay with the impact of some of the materials. Kuwait Real Estate Company https://aqarat.com.kw/assets/images/054ce4c9924e8a72bf9ef97f12d4dab2.pdf

Sources: degree

OTHERdate not shown in source

Mr. Talal Jassim Al-Bahar

Boursa Kuwait
Mr. Al-Bahar holds a Bachelor’s degree in Business Administration from Loyola Marymount University in the United States of America.
value seen: Bachelor’s degree in Business Administration
https://www.boursakuwait.com.kw/en/board-of-directors/talal-albahar/

Sources: institution

OTHERdate not shown in source

Mr. Talal Jassim Al-Bahar

Boursa Kuwait
Mr. Al-Bahar holds a Bachelor’s degree in Business Administration from Loyola Marymount University in the United States of America.
value seen: Loyola Marymount University
https://www.boursakuwait.com.kw/en/board-of-directors/talal-albahar/

Sources: full name

COMPANYdate not shown in source

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
Talal Jassim Al-Bahar
value seen: Talal Jassim Al-Bahar
https://aqarat.com.kw/Home/board_members

Sources: linkedin page

SOCIAL2026-09-08

Talal Al-Bahar

LinkedIn
Talal Al-Bahar
value seen: https://kw.linkedin.com/in/talal-al-bahar-953333381
https://kw.linkedin.com/in/talal-al-bahar-953333381

Sources: other boards

OTHERdate not shown in source

Mr. Talal Jassim Al-Bahar

Boursa Kuwait
Locally, Mr. Al-Bahar is the Chairman of Arzan Financial Group for Finance and Investment, the Vice Chairman of IFA Hotels & Resorts and the Vice Chairman and CEO of Kuwait Real Estate Company. He is also a Board member of Commercial Real Estate Co. (Al-Tijaria).
value seen: Chairman of Arzan Financial Group; Vice Chairman of IFA Hotels & Resorts; board member of Commercial Real Estate Co.
held out of the figures · the quote does not carry this value
https://www.boursakuwait.com.kw/en/board-of-directors/talal-albahar/

Sources: quote

COMPANYdate not shown in source

Kuwait Real Estate Company Q425 Results Call

Kuwait Real Estate Company · carried by aqarat.com.kw
In Dubai, we've got a slight delay with the impact of some of the materials.
value seen: In Dubai, we've got a slight delay with the impact of some of the materials.
https://aqarat.com.kw/assets/images/054ce4c9924e8a72bf9ef97f12d4dab2.pdf

Sources: role type

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in the field of investment and real estate development
value seen: CEO
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: since

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
| Talal Jassim Al-Bahar | Vice Chairman & CEO (Executive Member) | Bachelor of Business Administration Experience in the field of investment and real estate development | June 1,2024 |
value seen: June 1,2024
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in the field of investment and real estate development
value seen: Vice Chairman and CEO, with an investment and real-estate-development background. Independent profiles identify Loyola Marymount University and leadership across IFA-related businesses.
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: tags

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in the field of investment and real estate development
value seen: CEO; Investment; Real-estate development
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: title

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Vice Chairman & CEO (Executive Member)
value seen: Vice Chairman & CEO (Executive Member)
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf
MJ
Marzouq Jassim Al-Bahar
Non-executive board member with marketing, development and business-management experience. An independent profile identifies him as CEO of NOX Management and describes prior work in IFA Food.
Current title
Member of the Board (Non-Executive Member)
since June 1,2024
Experience
no career length stated
Companies before
none sourced
Education
California State UniversityBSc in Economics
Other boards
CEO of NOX Management; board director of YOTEL Limited
Known for
Marketing; Development; Business management
https://kw.linkedin.com/in/marzouq-albahar-9a775363

Sources: degree

PRESS2018-06-18

Marzouq Jassim Al-Bahar, Kuwait, Inspiring People

Those Who Inspire
BSc in Economics California State University
value seen: BSc in Economics
https://www.thosewhoinspire.com/meet-the-ip/marzouq-jassim-al-bahar/

Sources: institution

PRESS2018-06-18

Marzouq Jassim Al-Bahar, Kuwait, Inspiring People

Those Who Inspire
BSc in Economics California State University
value seen: California State University
https://www.thosewhoinspire.com/meet-the-ip/marzouq-jassim-al-bahar/

Sources: full name

COMPANYdate not shown in source

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
Marzouq Jassim Al-Bahar
value seen: Marzouq Jassim Al-Bahar
https://aqarat.com.kw/Home/board_members

Sources: linkedin page

SOCIAL2026-09-07

Marzouq Albahar

LinkedIn
Marzouq Albahar
value seen: https://kw.linkedin.com/in/marzouq-albahar-9a775363
https://kw.linkedin.com/in/marzouq-albahar-9a775363

Sources: other boards

DIRECTORY2020-10-16

Marzouq Jassim al Bahar - Executive Bio

Equilar ExecAtlas
Today Mr Al-Bahar is the CEO of IFA Food created in 2011 and ... holds positions as a board director for Kuwait Real Estate Company as well as YOTEL
value seen: CEO of NOX Management; board director of YOTEL Limited
held out of the figures · the quote does not carry this value
https://people.equilar.com/bio/person/marzouq-al-bahar-yotel-limited/30657234

Sources: role type

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in marketing, development and business management
value seen: BOARD_MEMBER
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: since

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
| Marzouq Jassim Al-Bahar | Member of the Board (Non-Executive Member) | Bachelor of Business Administration Experience in marketing, development and business management | June 1,2024 |
value seen: June 1,2024
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in marketing, development and business management
value seen: Non-executive board member with marketing, development and business-management experience. An independent profile identifies him as CEO of NOX Management and describes prior work in IFA Food.
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: tags

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in marketing, development and business management
value seen: Marketing; Development; Business management
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: title

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Member of the Board (Non-Executive Member)
value seen: Member of the Board (Non-Executive Member)
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf
AF
Ahmad Faisal Al-Qatami
Independent board member with finance-and-banking experience. Warba Bank identifies an Ahmad Faisal Al Qatami as Chief Retail Banking Officer; the exact name and banking specialty align, but no university is stated in the retrieved materials.
Current title
Independent member
since June 1,2024
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
Chief Retail Banking Officer, Warba Bank K.S.C.P.
Known for
Independent; Finance; Banking
https://kw.linkedin.com/in/ahmad-al-qatami-2202b780

Sources: full name

COMPANYdate not shown in source

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
Ahmad Faisal Al-Qatami
value seen: Ahmad Faisal Al-Qatami
https://aqarat.com.kw/Home/board_members

Sources: linkedin page

SOCIAL2026-09-20

Ahmad F Al Qatami

LinkedIn
Ahmad F Al Qatami Chief Retail Banking Officer
value seen: https://kw.linkedin.com/in/ahmad-al-qatami-2202b780
https://kw.linkedin.com/in/ahmad-al-qatami-2202b780

Sources: other boards

COMPANYdate not shown in source

Warba Bank - About

Warba Bank
Mr. Ahmad Faisal Al Qatami Chief Retail Banking Officer
value seen: Chief Retail Banking Officer, Warba Bank K.S.C.P.
held out of the figures · the quote does not carry this value
https://www.warbabank.com/english/about

Sources: role type

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in finance and banking
value seen: BOARD_MEMBER
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: since

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
| Ahmad Faisal Al-Qatami | Independent member | Bachelor of Business Administration Experience in finance and banking | June 1,2024 |
value seen: June 1,2024
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in finance and banking
value seen: Independent board member with finance-and-banking experience. Warba Bank identifies an Ahmad Faisal Al Qatami as Chief Retail Banking Officer; the exact name and banking specialty align, but no university is stated in the retrieved materials.
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: tags

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in finance and banking
value seen: Independent; Finance; Banking
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: title

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Independent member
value seen: Independent member
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf
MA
Meshari Abdullah Al Dakhil
Independent board member whose documented Aqarat profile cites finance, investment and business-management experience. No university, prior employer or outside board was identified in the retrieved sources.
Current title
Independent member
since June 1,2024
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Independent; Finance; Investment

Sources: full name

COMPANYdate not shown in source

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
Meshari Abdullah Al Dakhil
value seen: Meshari Abdullah Al Dakhil
https://aqarat.com.kw/Home/board_members

Sources: role type

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in finance, investment, and business management
value seen: BOARD_MEMBER
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: since

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
| Meshari Abdullah Al Dakhil | Independent member | Bachelor of Business Administration Experience in finance, investment, and business management | June 1,2024 |
value seen: June 1,2024
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in finance, investment, and business management
value seen: Independent board member whose documented Aqarat profile cites finance, investment and business-management experience. No university, prior employer or outside board was identified in the retrieved sources.
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: tags

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Business Administration Experience in finance, investment, and business management
value seen: Independent; Finance; Investment
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: title

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Independent member
value seen: Independent member
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf
NA
Naser Abdullatif Al-Manea
Non-executive board member with a finance, investment and business-management background. The retrieved Aqarat materials do not identify a university, prior employer or outside board.
Current title
Member of the Board (Non-Executive Member)
since June 1,2024
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Non-executive; Finance; Investment

Sources: full name

COMPANYdate not shown in source

Kuwait Real Estate Company | AQARAT

Kuwait Real Estate Company · carried by aqarat.com.kw
Naser Abdullatif Al-Manea
value seen: Naser Abdullatif Al-Manea
https://aqarat.com.kw/Home/board_members

Sources: role type

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Finance and Financial Institutions Experience in finance, investment, and business management
value seen: BOARD_MEMBER
value paraphrased from this source
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: since

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
| Naser Abdullatif Al-Manea | Member of the Board (Non-Executive Member) | Bachelor of Finance and Financial Institutions Experience in finance, investment, and business management | June 1,2024 |
value seen: June 1,2024
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: summary

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Finance and Financial Institutions Experience in finance, investment, and business management
value seen: Non-executive board member with a finance, investment and business-management background. The retrieved Aqarat materials do not identify a university, prior employer or outside board.
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: tags

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Bachelor of Finance and Financial Institutions Experience in finance, investment, and business management
value seen: Non-executive; Finance; Investment
held out of the figures · the quote does not carry this value
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

Sources: title

FILINGdate not shown in source

Annual Report

Kuwait Real Estate Company · carried by aqarat.com.kw
Member of the Board (Non-Executive Member)
value seen: Member of the Board (Non-Executive Member)
https://aqarat.com.kw/assets/images/1ab0a5eb517db440ba68fcdeb179265e.pdf

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

9 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
501 First ResidencesMiami, United States
residential for sale476140—USD 80.9m
construction loan
5% at Reservation / 15% at Contract / 20% at Groundbreaking / 10% at Top off / 50% at Closing12022December 2022Jan 2025 – Dec 2025Jun 2026+11.5 mo
(+6.0 to +17.0)
estimatedcompleted
Arabella Beach Hotel Kuwait, Vignette CollectionKuwait
Al-Bidaa
hotel—————2020during the third quarter of this yearOct 2022 – Dec 2022May 2024+18.0 mo
(+17.0 to +19.0)
sourcedcompleted
Domus 4Dubai, United Arab Emirates
Dubai Production City
residential for rent———————Jan 2024 – Mar 2024May 2024+3.0 mo
(+2.0 to +4.0)
estimatedcompleted
Al Riggae Tower HotelKuwait
Riggae
hotel901——————Oct 2023 – Dec 2023Apr 2024+5.0 mo
(+4.0 to +6.0)
estimatedcompleted
Domus 3Dubai, United Arab Emirates
Dubai Production City
residential for rent———————Mar 2024Sep 2023 – Dec 2023−4.5 mo
(−6.0 to −3.0)
sourcedcompleted
YOTEL Miami and YOTELPAD MiamiMiami, United States
Downtown Miami
hotel, residential for sale, mixed use453131——10% / 10% / 20% / 10% / 50%12019January 31, 2019Jan 2021 – Apr 2021May 2022+14.5 mo
(+13.0 to +16.0)
estimatedcompleted
Domus 2Dubai, United Arab Emirates
Dubai Production City
residential for rent———————Oct 2021 – Dec 2021Oct 2021 – Dec 20210.0 mo
(−2.0 to +2.0)
sourcedcompleted
Domus 1Dubai, United Arab Emirates
Dubai Production City
residential for rent————————Jul 2021 – Sep 2021—not scorablecompleted
YOTEL San FranciscoSan Francisco, United States
Mid-Market
hotel2031————2015October 5, 2015Jan 2017 – Dec 2017Feb 2019+19.5 mo
(+14.0 to +25.0)
sourcedcompleted
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

6 found
RANKING Ranked 12 December 2021
Top 50 Real Estate Developers in MENA 2021
AQARAT was ranked 44th in Forbes Middle East’s 2021 Top 50 Real Estate Developers in MENA list.
SUSTAINABILITY Certified 2019 (reported in AQARAT Sustainability Report 2023)
LEED Gold Certification — Souk Al-Kabeer · Souk Al-Kabeer
The developer reports that Souk Al-Kabeer achieved LEED Gold certification under the Building Operations and Maintenance framework in 2019.
SUSTAINABILITY Certified 2018 (reported in AQARAT Sustainability Report 2023)
LEED Gold Certification — Souk Al-Kuwait · Souk Al-Kuwait
The developer reports that Souk Al-Kuwait achieved LEED Gold certification under the Building Operations and Maintenance framework in 2018.
SAFETY / QUALITY Certified Current certification page retrieved 13 October 2026; certificate dates not stated
International Management-System Certifications
The developer reports holding ISO 14001:2015 environmental-management, ISO 9001:2015 quality-management and ISO 45001:2018 occupational-health-and-safety certifications, alongside ISO 27001 and ISO 20000-1 IT certifications.
International Organization for Standardization (ISO) standards · https://aqarat.com.kw/Home/certification
COMPANY AWARD Winner 2015 award; reported 8 March 2016
Best Real Estate Company
Kuwait Real Estate Company (AQARAT) was listed as the winner of Global Business Outlook’s Best Real Estate Company award for Kuwait.
MILESTONE 1984 (reported in AQARAT Sustainability Report 2025)
First Real Estate Company Listed on the Kuwait Stock Exchange
The developer reports that AQARAT became the first real estate company listed on the Kuwait Stock Exchange in 1984, a historical company milestone that continues to define its market position.

Risks

Auditor & credit ratings

audited accounts
AuditorGrant Thornton – Al-Qatami, Al-Aiban & Partners

Risk flags

3 found
DELIVERY DELAY Reported 20 May 2026; status and target as of Q1 2026
AQARAT reported that its Domus 5 staff-housing project in Dubai experienced a slight handover delay; in its Q1 2026 update, the company said the project was 86% complete and that completion was targeted for Q2 2026. This is a reported schedule delay, not evidence that the project was abandoned or cancelled.
DELIVERY DELAY 2022-05-18 (delay and completion reported); original opening target: end-2020
YOTELPAD Miami, developed by Aria Development Group in partnership with Kuwait Real Estate Company (AQARAT), was originally slated to open by the end of 2020 but completion was delayed by pandemic, logistics and materials issues; the project was completed/opened in 2022, so the delay is historical rather than an active non-delivery.
DELIVERY DELAY 2022-03 (delay reported in Q4 2022 results presentation); 6 May 2024 (opening)
Arabella Beach Hotel in Kuwait, owned by AQARAT, experienced a reported slight completion delay in AQARAT’s 2022 results materials, while AQARAT’s property page had described an opening expected in March 2023; IHG reported the hotel opened on 6 May 2024, making this a resolved historical delay rather than an active failure.

Record status

active
Coverageactive
Tracked sinceOctober 12, 2026
Last checkedOctober 13, 2026 this month
Profile last researchedOctober 13, 2026
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