Company Overview
Aqaarati Real Estate Company is a prominent real estate, property management, and selling property company located in Hawally, Kuwait. The company has a revenue of $4.20 million and no employees. Aqaarati Real Estate Company offers comprehensive real estate brokerage and property management services online or through its office located in Kuwait.
The company’s vision is to be the leading real estate company in the region, providing innovative and comprehensive real estate solutions to its clients. Aqaarati Real Estate Company aims to achieve excellence in all its operations, providing its clients with the highest quality services.
The business is a division of Kuwait Real Estate Company (AQARAT), one of the top real estate firms in Kuwait and a multiple first recipient. Before a formal regulation was implemented, AQARAT was the first real estate business to be listed on the Kuwait Stock Exchange, to create mixed-use retail, office, and parking facilities, and to introduce the Build-Operate-Transfer model.
Aqaarati Real Estate Company offers investment opportunities in the UK, Turkey, and Dubai. The company also provides brokerage services in Kuwait. The company’s comprehensive real estate brokerage and property management services include:
- Property management
- Sales and leasing
- Property valuation and appraisal
- Property marketing
- Investment advisory
- Market research
Aqaarati Real Estate Company is committed to providing its clients with the highest service and expertise. The skilled staff at the organization is committed to surpassing the expectations of its clients and attaining their goals.
Strategic Alliances and Partnerships
Joint Venture Partnerships
Aqaarati Real Estate Company has established itself as a leading company in Kuwait and the MENA region. The company has achieved this through strategic partnerships and joint venture agreements with leading local, regional, and international companies. Aqaarati has entered into several joint venture partnerships with companies such as IFA Hotels & Resorts, UAE, and Yotel New York. These partnerships have enabled Aqaarati to expand its business and enter new markets in Europe, the GCC, and emerging markets.
Aqaarati’s joint venture partnerships have been successful due to the company’s strategic vision and commitment to delivering high-quality projects. Through its relationships, the company has been able to deliver creative and sustainable real estate projects by utilizing the knowledge and resources of its partners.
Strategic Vision
Aqaarati’s strategic vision is to become a leading real estate company in the MENA region and beyond. The company’s focus on innovation, sustainability, and customer satisfaction has enabled it to achieve its strategic goals. Aqaarati’s strategic alliances and partnerships have been a key drivers of the company’s success.
Aqaarati’s strategic vision is based on the following principles:
- Innovation: Aqaarati is committed to delivering innovative real estate projects and meeting the evolving needs of its customers.
- Sustainability: Aqaarati is committed to developing sustainable real estate projects that minimize environmental impact and promote social responsibility.
Aqaarati’s strategic alliances and partnerships have enabled the company to achieve its vision by providing access to new markets, expertise, and resources. The company’s partnerships have been a critical driver of its success, enabling it to become a leading real estate company in the MENA region and beyond.
Key Projects and Developments
Mixed-Use Developments
Aqarat Real Estate Development Company has been involved in several prestigious mixed-use developments across the globe. One of their most notable projects is the Yotel New York, located in the heart of Manhattan, USA. This mixed-use development features a hotel, residential units, retail spaces, and a car park. The company’s expertise in mixed-use developments has also been demonstrated in their Courtyard by Marriott project, which features a hotel, retail spaces, and a car park.
Residential Towers
Aqarat Real Estate Development Company has been developing several residential towers in Saudi Arabia and abroad. One of their most notable projects is the Hamburg Tower in Germany, which is 230 meters tall and features luxury residential units. The company’s expertise in developing residential towers has also been demonstrated in their projects in Saudi Arabia, which feature modern and luxurious residential units.
Retail and Commercial Spaces
Aqarat Real Estate Development Company has been involved in developing several retail and commercial spaces in Saudi Arabia and abroad. The company’s expertise in this area has been demonstrated in its mixed-use developments, which feature a variety of retail and commercial spaces. Aqarat Real Estate Development Company has also developed standalone retail and commercial spaces, which feature modern and innovative designs.
In summary, Aqarat Real Estate Development Company has established itself as a leading developer of mixed-use developments, residential towers, and retail and commercial spaces. The company’s expertise in these areas has been demonstrated in prestigious projects, such as the Yotel New York, Courtyard by Marriott, and Hamburg Tower.
Financial Performance
Aqaarati Real Estate Company has a solid financial performance, as evidenced by its financial reports and performance on the Kuwait Stock Exchange. The company has consistently delivered solid results and has a robust portfolio of investment units.
Kuwait Stock Exchange
Aqaarati Real Estate Company is listed on the Kuwait Stock Exchange (Boursa Kuwait) since 1984. The company has a market cap of over KWD 100 million and consistently delivers strong financial results. In 2022, the company earned $25.77 million, an increase over its 2021 earnings of $24.73 million.
Some key financial highlights of Aqaarati Real Estate Company’s performance on the Kuwait Stock Exchange include:
- a rental income of KD 5.7 million in the fourth quarter of 2021—a 74% increase over the numbers from the same period in 2020.
- For 2021, AQARAT achieved rental income of KD 21.4 million, compared to KD 18.4 million in 2020.
- The net rental income for the period was KD 4.1 million.
Investment Units
Aqaarati Real Estate Company has a strong portfolio of investment units, contributing significantly to its financial performance. Some key highlights of the company’s investment units include:
- Aqaarati Real Estate Company has over KWD 230 million in real estate assets.
- The company has a strong record of acquiring and developing high-quality real estate assets.
- Aqaarati Real Estate Company offers investors advisory services and portfolio management, providing them access to its expertise and knowledge.
In conclusion, Aqaarati Real Estate Company has a solid financial performance and a robust portfolio of investment units. The company’s performance on the Kuwait Stock Exchange has been consistently strong and has a track record of delivering solid results to investors.
Operational Strategy
Aqaarati Real Estate Company has a well-defined operational strategy enables it to remain competitive in the real estate market. This section highlights some of the critical aspects of Aqaarati’s operational plan.
Diversified Strategy
Aqaarati invests in a variety of real estate markets, encompassing residential, commercial, and industrial buildings, as part of its diversified strategy. With this approach, the business can lessen its exposure to any one market and diversify its risk across a number of asset classes. Aqaarati can optimize profits and capitalize on market opportunities by investing across multiple real estate markets.
In addition, Aqaarati’s diversified strategy includes investing in different geographies, which enables the company to take advantage of the growth potential in other regions. Additionally, this tactic aids in reducing the risks that come with a corporation making a single investment.
Innovation in Real Estate
In the real estate sector, Aqaarati acknowledges the value of innovation. The business is always searching for fresh, creative approaches to enhance operations and give clients value. As part of its innovation strategy, Aqaarati plans to invest in cutting-edge technologies like blockchain and artificial intelligence to enhance customer experience and optimize operations.
Furthermore, Aqaarati has pioneered the Build-Operate-Transfer (BOT) model, which involves designing, building, and operating a facility before transferring ownership to the client. This model has been widely adopted in the real estate industry and has helped Aqaarati establish itself as a leader.
In conclusion, Aqaarati’s operational strategy is characterized by a diversified approach to investing in different real estate markets and geographies, and a commitment to innovation in the industry. By adopting these strategies, Aqaarati has remained competitive in the real estate market and provided value to its customers.
Commitment to Quality
Aqarat Real Estate Company is committed to delivering superior quality standards in all its projects. The company’s founder, Talal Jassim Al-Bahar, has emphasized the importance of quality in all aspects of the business, from design and construction to customer service. Aqarat has become known as one of the top real estate firms in the area thanks to its dedication to excellence.
Superior Quality Standards
Aqarat’s commitment to quality is evident in the company’s approach to project development. The company employs a rigorous quality control process that ensures that all projects meet or exceed the highest international standards. This process includes:
- Regular site inspections by independent quality control experts
- Use of high-quality materials and construction techniques
- Comprehensive testing of all building systems and components
- Thorough documentation of all project activities and results
Aqarat’s commitment to quality has earned the company numerous awards and accolades, including recognition for excellence in design, construction, and customer service.
Technical Standards
In addition to its commitment to superior quality standards, Aqarat is dedicated to maintaining the highest technical standards in all its projects. To guarantee that every project is developed and built to the highest technical standards, the company employs a group of highly qualified engineers and technical specialists.
This commitment to technical excellence is reflected in Aqarat’s use of the latest technologies and construction techniques and the company’s ongoing investment in research and development. Aqarat constantly explores new ways to improve its projects and deliver more excellent value to its customers.
Overall, Aqarat Real Estate Company’s commitment to quality and technical excellence has helped the company establish itself as a leader in the real estate industry. With a track record of successful projects and a dedication to ongoing improvement, Aqarat is well-positioned to continue delivering exceptional results for its customers in the years to come.
Global Presence
International Projects
Aqarat Real Estate Company has established itself as a world leader in the real estate industry. With a global footprint that spans multiple continents, Aqarat has completed numerous international projects. The company has a proven track record of delivering high-quality real estate services in the residential, retail, commercial, and hospitality sectors.
Aqarat’s international projects are a testament to the company’s expertise and global reach. The company has completed projects in the USA, Europe, and the Middle East, among other regions. Aqarat’s international projects are characterized by their innovative design, sustainable features, and high-quality construction.
Global Footprint
Aqarat Real Estate Company has a global footprint extends to multiple countries and regions. The company is in the USA, Europe, and the Middle East, among other areas. Aqarat’s global footprint results from the company’s commitment to delivering high-quality real estate services to clients worldwide.
Aqarat’s global footprint is supported by its team of experienced professionals and its network of strategic partners. The company’s team of experts has in-depth local expertise and an international perspective. Aqarat’s strategic partners provide the company with the latest technology, resources, and expertise.
- Aqarat has established itself as a world leader in the real estate industry.
- The company has completed numerous international projects in the USA, Europe, and the Middle East, among other regions.
- Aqarat’s international projects are characterized by their innovative design, sustainable features, and high-quality construction.
- The company has a global footprint that extends to multiple countries and regions.
- Aqarat’s global footprint is supported by its team of experienced professionals and its network of strategic partners.
Leadership and Management
Aqaarati Real Estate Company is led by a team of experienced professionals with a wealth of knowledge in the real estate industry. The company is headed by Talal Jassim Al-Bahar, the Chairman and CEO. Under his leadership, the company has achieved significant growth and success.
Here are some key points about the leadership and management of Aqaarati Real Estate Company:
- Talal Jassim Al-Bahar is a seasoned real estate professional with over 30 years of experience in the industry. He has been with Aqaarati since its inception and has played a vital role in its growth and success.
- The management team at Aqaarati comprises highly skilled professionals with extensive experience in real estate development, investment, and management. They are committed to delivering exceptional value to their clients and investors.
- Aqaarati’s management team is focused on creating long-term value for their stakeholders. They are constantly seeking new investment opportunities and exploring innovative ways to maximize returns for their investors.
- The company’s management team is also committed to maintaining the highest corporate governance and transparency standards. They believe good governance is essential for building stakeholder trust and credibility.
- Aqaarati’s management team is dedicated to creating a culture of excellence. They are committed to attracting and retaining the best talent in the industry and providing them with the resources and support they need to succeed.
Overall, Aqaarati Real Estate Company is led by a strong, experienced management team committed to delivering exceptional value to their clients and investors. Their focus on innovation, transparency, and excellence has helped them achieve significant growth and success in the real estate industry.
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Frequently Asked Questions
What types of properties does Aqaarati Real Estate Company offer?
- Aqaarati Real Estate Company offers a wide range of properties, including residential and commercial properties.
- Residential properties include apartments, villas, and townhouses, while commercial properties include office spaces, retail spaces, and warehouses.
How do client reviews rate Aqaarati Real Estate Company’s services?
- Aqaarati Real Estate Company has received positive client reviews for its professional and efficient services.
- Clients have praised the company for its transparency, honesty, and prompt communication.
Can I see a portfolio of properties managed by Aqaarati Real Estate Company?
- Yes, Aqaarati Real Estate Company has a portfolio of properties managed by the company.
- The company provides a comprehensive list of properties on its website and detailed information about each.
Where are Aqaarati Real Estate Company’s properties located within Hawally?
- Aqaarati Real Estate Company’s properties are in prime locations within Hawally, including Salmiya, Hawally City, and Jabriya.
- These locations offer easy access to shopping malls, schools, hospitals, and other amenities.
How does Aqaarati compare to other real estate developers in Kuwait?
- Aqaarati Real Estate Company is known for its high-quality properties and professional services.
- The company has established a strong reputation in the real estate industry in Kuwait and is highly regarded by its clients.
What are the latest projects undertaken by Aqaarati Real Estate Company?
- Aqaarati Real Estate Company has recently undertaken several new projects, including developing luxury residential properties in prime locations in Hawally.
- The company is committed to providing its clients with the highest quality properties and services and is constantly working on new projects to meet their needs.
