Mabanee develops mixed-use destinations, shopping malls, hotels, retail and residential communities in Kuwait, Bahrain, and Saudi Arabia. It targets consumers, tenants, investors, and communities through development, ownership, operation, and management of commercial, entertainment, hospitality, and lifestyle assets.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
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.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
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.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| The Avenues – Kuwait Phase IVAl Rai, Kuwait City | 9.2/ 10 | 9.2/ 10 | 9.0/ 10 |
The largest reported review base is the Phase 4 Google aggregate reproduced by Top-Rated.online at 4.7/5 from 12.9K reviews, converting to 9.2/10 under the supplied curve. Tripadvisor and Evendo are materially consistent at 4.7/5, while the recurring commentary is strongly positive overall but includes minor crowding and navigation friction; the resulting resident-experience score is 9.1. | |||
Reviewers describe the complex as “an architectural delight,” with modern and traditional architecture, glass ceilings and fully air-conditioned areas. Top-Rated.online lists the Phase 4 location as “Well-maintained”; no published review evidence located here reports leaks, plumbing, HVAC failure, electrical problems, flooding or other structural-system failures. | The published feedback portrays a destination with “shops, an array of dining options, cinemas, entertainment and more,” and one review says the range makes it “like walking through a small city.” Operational friction is mainly visitor-volume related: reviewers mention that it was “super busy,” traffic was “a nightmare,” and that the mall can be too large to explore efficiently; Top-Rated.online also lists “Friendly staff” among its positives. | ||
| Waldorf Astoria KuwaitAl Rai, Kuwait City200 units | 9.1/ 10 | —/ 10 | 8.3/ 10 Booking.com 9.5/10, 9.6/10, 9.7/10, 9.7/10, 9.7/10, 8.5/10, 9/10 · 1,919 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: 8.3. |
Booking.com provides the largest review base and publishes a 9.5/10 overall guest rating, which converts to 9.0 under the specified guest curve. The reported themes are mostly positive and add a small net uplift, while recurring service, check-in and management complaints offset part of it; no structure score is assigned because the evidence does not publish a building-fabric rating. | |||
Published guest feedback is generally positive about the rooms and facilities: one reviewer described the property as “luxury, nice, modern & clean,” while another called the rooms “beautiful and clean.” However, individual reports identify a shower that “kept turning hot and cold,” no proper bathroom electrical socket for a hair dryer, and a room handed over during housekeeping turnover with used items still present; these are operational defects rather than evidence of a broader structural failure. | Day-to-day feedback is strongly positive overall: guests describe staff as “friendly and professional,” say they “felt at home,” and praise the pool, spa, breakfast and direct mall connection. The less favorable reports concern delayed check-in, slow breakfast service, a repetitive breakfast during an early stay, and isolated complaints that reception or senior management were unwelcoming; an older opening-period review also called service “scattered and lacking.” | ||
| The Avenues – Bahrain Phase IManama | 8.8/ 10 | —/ 10 | 8.8/ 10 |
The Google Reviews/Maps aggregate of 4.5/5 from 33,891 reviews sets the level and converts to 8.5/10. Tripadvisor is also positive at 4.3/5 from 239 reviews and does not materially disagree; the written themes add modest net positive movement for the highly repeated waterfront, design, cleanliness and atmosphere praise, while the negative themes are mainly minor convenience complaints. No structural score is assigned because the reviewed material did not publish evidence about framework, plumbing, HVAC, electrical systems, leaks or waterproofing. | |||
no notes returned no links returned | Published reviews consistently praise the waterfront boardwalk, sea views, spacious layout, restaurants and clean, family-friendly atmosphere; one recent review specifically says the mall is “spacious, clean, and well designed,” while another praises the cameras and security. Older reviews report operational friction rather than building failures: “the parking lot is an extreme flop,” access was “a bit complicated,” and several outlets or the cinema had not yet opened; those early comments should not be treated as current completion status. | ||
| The Avenues – Bahrain Phase IIManama244 units | 8.7/ 10 | —/ 10 | 8.7/ 10 |
Google’s 4.5/5 aggregate from 33,891 reviews is the largest review base and converts to an 8.5 anchor under the supplied curve. Tripadvisor’s 4.3/5 from 239 reviews is directionally consistent and does not differ by more than one converted point; the positive themes add a modest commentary uplift. No structure score is assigned because the published material located did not provide a review-based structural rating or resident infrastructure evidence. | |||
no notes returned no links returned | Published reviews describe a generally strong day-to-day visitor experience: one called the mall “spacious, clean, and well designed,” while another praised the bay walkway, restaurants and evening atmosphere. A reviewer also said cameras and “lots of security” made them feel safe; the main operational reservations found were missing major stores and evening traffic congestion. | ||
| Hilton Garden Inn Bahrain BayBahrain Bay, Manama192 units | 8.5/ 10 | 6.7/ 10 Tripadvisor 4.2/5 · 130 reviews · tripadvisor.com Tripadvisor publishes 4.2/5 from 130 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.7. | 6.0/ 10 Tripadvisor 4.5/5, 4.2/5, 3.7/5 · 130 reviews · tripadvisor.com Kayak 10/10, 9/10, 8.5/10, 3/10, 2/10 · 2,021 reviews · kayak.com Combined from 8 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. |
The largest reported review base is Google’s 4.4/5 from 3,047 reviews, which converts to 8.2/10 under the supplied curve and sets the level. Tripadvisor and Kayak are directionally consistent, while the written praise supports a modest upward commentary adjustment; no recurring serious or moderate failure was evidenced. Structure is limited to guest-reported room/property condition and the Tripadvisor rooms sub-score, so it is less certain than the living assessment. | |||
Published guest feedback describes the rooms as “clean, modern, and very comfortable,” with another reviewer calling them “spacious” and reporting “perfect soundproof.” No reviewed source located for this report published a recurring complaint about leaks, HVAC, plumbing, lifts or other serious building-system failure. | The daily experience is strongly positive in the written feedback: guests describe staff as “phenomenal,” “very friendly and polite,” and “quick,” while praising the pool, gym, breakfast and direct connection to The Avenues. The main quantified cautions are Kayak’s 3/10 value-for-price and 2/10 parking sub-scores; these are guest-platform sub-scores, not evidence of a building defect. | ||
| Hilton Garden Inn KuwaitAl Rai, Kuwait City385 units | 8.4/ 10 | —/ 10 | 7.7/ 10 Booking.com 8.9/10, 9/10, 9.5/10, 7.9/10, 8.6/10, 9.2/10 · 3,717 reviews · booking.com KAYAK 9.5/10, 8.5/10 · 2,337 reviews · kayak.com Combined from 8 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: 7.7. |
Booking.com has the largest published review base, with an 8.7/10 overall guest rating from 3,717 reviews, which sets the converted level at 7.4/10 under the stated guest-rating curve. The report contains no separately countable recurring complaint theme and no published building-fabric evidence, so no commentary or structure adjustment is applied. | |||
no notes returned no links returned | Published guest feedback is strongly positive about day-to-day experience: reviewers describe “friendly and professional” staff, “clean rooms,” convenient indoor access to The Avenues Mall and a breakfast with “good variety.” KAYAK’s review synthesis nonetheless mentions slow service response and occasional entrance congestion, while Booking.com’s value-for-money sub-score is 7.9/10; these are platform-level observations rather than separately countable recurring complaints here. |
Headquartered in United States, with offices in alrai, Safat, and Al-Rai.
Partnership for the Saudi Arabia development platform.
Partner in Shomoul Holding for Saudi Arabia developments.
Partner in Shomoul Holding and Sorouh strategic platforms.
Partnership for Bahrain involving Mabanee, Bahraini real estate investors and Alshaya.
Alliance partner in developing Aventura in Jaber Al-Ahmad City.
Alliance partner in developing Aventura in Jaber Al-Ahmad City.
Tender counterparty for operating and managing a seafront resort in Kuwait for 17 years.
Agreement to manage Hilton Kuwait Resort (Plage-13) for 17 years.
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
strategic partnerships
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
partnership
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
partnership
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
as well as Sorouh Management Company which is a partnership between Mabanee, Bahraini real estate investors, and Alshaya.
partnership
as well as Sorouh Management Company which is a partnership between Mabanee, Bahraini real estate investors, and Alshaya.
Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project
alliance
Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project
Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project
alliance
Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project
the Parent Company was awarded a tender from Touristic Enterprise Company (“TEC”) to operate and manage a seafront resort located in Kuwait for a period of 17 years.
tender from Touristic Enterprise Company
the Parent Company was awarded a tender from Touristic Enterprise Company (“TEC”) to operate and manage a seafront resort located in Kuwait for a period of 17 years.
An agreement has been signed with Hilton International to manage the Hilton Kuwait Resort (Plage-13) for a duration of 17 years.
agreement ... to manage
An agreement has been signed with Hilton International to manage the Hilton Kuwait Resort (Plage-13) for a duration of 17 years.
| none found |
| Kuwait | active 3 projects tracked |
| Saudi Arabia | active 0 projects tracked |
| Bahrain | active 3 projects tracked |
| Retail | 3 of 6 |
| Hotel | 3 of 6 |
BA in Marketing, Kuwait University; MBA, Wharton School of Business, University of Pennsylvania.
Member: Advisory Council of the Dubai International Chamber; Board of Trustees, Arab Thought Foundation; International Leadership Board, Cleveland Clinic; Wharton Board of Overseers.
Mohammed Abdulaziz Alshaya One of the most prominent business leaders in the State of Kuwait and the region, and the Executive Chairman of Mohammed Hamoud Alshaya Company, the principal retail arm of Alshaya Group
Mohammed A. Alshaya Chairman of Board of Directors Work Experience
Mohammad Abdullateef Alshaya Vice Chairman Non-Executive Member - Bachelor of Civil Engineering from the University of Petroleum and Minerals, Dhahran - Kingdom of Saudi Arabia.
In addition to holding the position of CEO of Alshaya Real Estate Development Company, he is the Executive Director of Eastern Hotels Company and holds membership in the Board of Directors of Alshaya Group companies.
In addition to holding the position of CEO of Alshaya Real Estate Development Company, he is the Executive Director of Eastern Hotels Company and holds membership in the Board of Directors of Alshaya Group companies.
Mohammad Abdullateef Alshaya Vice Chairman of the Board Non-Executive Member
We anticipate good revenue from the hotel, despite hotel performances in Kuwait in general being a little challenging.Mabanee August 13, 2025https://mabanee.com/storage/storageanalysts-investors-conference/transcript_ar_eng_call-q3-2025_final-version-(1)-61620203.pdf
Waleed Alsharian holds a bachelor’s degree in industrial engineering from North Carolina Agriculture & Technical State University, USA (1984).
# Waleed Alsharian Chief Executive Officer at Mabanee Company (K.P.S.C)
Director of Al Sorouh Management Company – Bahrain, General Manager of Mabanee Bahrain Company – Kuwait, Chairman of Al Rai Logistica Company – Kuwait
Tareq AlAdsani: We anticipate good revenue from the hotel, despite hotel performances in Kuwait in general being a little challenging.
Waleed Khaled Alsharian has about 40 years of experience and joined Mabanee as CEO in 2006.
Current Positions include Chief Executive Officer, Mabanee Company – Kuwait, Chief Executive Officer, Shomoul Holding Company- KSA, Director of Al Sorouh Management Company – Bahrain, General Manager of Mabanee Bahrain Company – Kuwait, Chairman of Al Rai Logistica Company – Kuwait
Mr. Waleed Khaled Alsharian Chief Executive Officer --
A few highlights from another exciting and positive quarter including a 4% growth in revenue, 20% growth in EBITDA and 37% increase in net profit, resulting mainly from a land sale in Kuwait in the beginning of the year as well as good operational performance on all levels.Mabanee August 13, 2025https://mabanee.com/storage/storageanalysts-investors-conference/transcript_ar_eng_call-q3-2025_final-version-(1)-61620203.pdf
Bachelor's degree, Mechanical Engineering at Gannon University; Program For Leadership Development at Harvard Business School
# Tareq Aladsani Deputy CEO at Mabanee Company S.A.K
Tareq AlAdsani: A few highlights from another exciting and positive quarter including a 4% growth in revenue, 20% growth in EBITDA and 37% increase in net profit, resulting mainly from a land sale in Kuwait in the beginning of the year as well as good operational performance on all levels.
### Deputy CEO - Mabanee Company (K.P.S.C) (Current) Feb 2018 - Present
Deputy CEO at Mabanee Company S.A.K
Mr. Tareq Abdulwahab AlAdsani Deputy Chief Executive Officer --
Waleed Al Fahad pursued a Bachelor of Applied Science (B.A.Sc.) in Civil Engineering from Florida Institute of Technology
# Waleed Al Fahad Chief Operating Officer at Mabanee Company (K.P.S.C)
Chief Operating Officer (Current) Feb 2020 - Present
Waleed Al Fahad has extensive work experience in various roles within the facilities management, project management, and construction industries.
Mr. Waleed Khaled Al Fahad Chief Operating Officer --
MBA, Finance and Business at Manipal Academy of Higher Education; Advanced Management Programme at Kellogg Executive Education; B.Com, Commerce at University of Lucknow
# Abhishek Rastogi CFO | Driving Enterprise Growth, Financial Governance & Digital Transformation Across Multi-Business Groups
Chief Financial Officer (Current) Aug 2023 - Present
Mabanee Company (K.P.S.C) Chief Financial Officer (Current) Aug 2023 - Present; Group Financial Controller - Al-Bahar Group Jan 2017 - Jan 2023; Finance Manager - Alyasra Foods Oct 2010 - Dec 2014; Senior Financial Analyst - Alshaya Group Feb 2007 - Oct 2010
Mr. Abhishek Rastogi Chief Financial Officer --
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Avenues – Bahrain Phase II | Manama, Bahrain | retail | 2441 | — | — | — | — | 2022 | August 17, 2022 | Jan 2020 – Dec 2020 | Nov 2025 | +64.5 mo (+59.0 to +70.0) | sourced | completed |
| Waldorf Astoria Kuwait | Kuwait City, Kuwait Al Rai | hotel | 2001 | 9 | — | — | — | 2017 | May 2, 2017 | Mar 2022 – May 2022 | Aug 2022 | +4.0 mo (+3.0 to +5.0) | sourced | completed |
| Hilton Garden Inn Bahrain Bay | Manama, Bahrain Bahrain Bay | hotel | 1921 | — | — | US$ 66m investment announced | — | 2017 | May 2, 2017 | Jan 2020 – Apr 2020 | Jul 2021 | +16.5 mo (+15.0 to +18.0) | sourced | completed |
| Hilton Garden Inn Kuwait | Kuwait City, Kuwait Al Rai | hotel | 3851 | — | — | — | — | 2016 | August 25, 2016 | Jan 2019 – Apr 2019 | Dec 2019 | +9.5 mo (+8.0 to +11.0) | sourced | completed |
| The Avenues – Kuwait Phase IV | Kuwait City, Kuwait Al Rai | retail | — | — | — | KD 114m contract value | — | 2014 | 27 November 2014 | Sep 2017 – Dec 2017 | Jan 2019 – Dec 2019 | +20.0 mo (+13.0 to +27.0) | sourced | completed |
| The Avenues – Bahrain Phase I | Manama, Bahrain | retail | — | — | — | USD 159m other | — | 2014 | September 2014 | Jan 2016 – Apr 2016 | Oct 2017 | +19.5 mo (+18.0 to +21.0) | sourced | completed |
| Auditor | Deloitte & Touche – Al-Wazzan & Co.; Ernst & Young, Al-Aiban, Al-Osaimi & Partners |
| Coverage | active |
| Tracked since | October 12, 2026 |
| Last checked | October 13, 2026 this month |
| Profile last researched | October 13, 2026 |
| Claim |