Diyar Al Muharraq

Name

Diyar Al Muharraq

Legal name

Diyar Al Muharraq W.L.L.

Website

https://diyar.bh

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Residential Property Sales: Diyar Al Muharraq sells residential villas and land plots to individual buyers under freehold ownership for Bahraini citizens and all nationalities. Revenue is generated on a per-unit, one-time transaction basis as properties are sold and handed over.
2. Commercial Property Sales and Leasing: The company develops and sells or leases commercial plots including commercial villa plots, commercial showroom plots, and warehousing plots to business investors. Revenue is generated through plot sales and commercial space leases.
3. Retail and Leisure Asset Management: Diyar Al Muharraq generates rental income from retail and leisure destinations within its masterplan, including Dragon City (operated by Chinamex), ThaiMart (operated by Vega ThaiMart), and Souq Al Baraha, where tenants include retailers, restaurants, and service providers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Diyar Al Muharraq develops and sells freehold residential villas and land plots, and develops, sells, and leases commercial plots (villa, showroom, and warehousing) within a 10-square-kilometer master-planned city built on reclaimed islands in Muharraq, Bahrain. The company generates additional revenue by operating retail and leisure destinations within the masterplan, including Dragon City, ThaiMart, and Souq Al Baraha, where it leases space to retailers, restaurants, and service providers.

Product overview

Diyar Al Muharraq is Bahrain's largest mixed-use urban development company, operating as a master-planned city spanning 10 square kilometers across 7 islands with 40 kilometers of waterfronts. The portfolio includes diverse residential developments (villas, plots) such as Al Naseem, Al Bareh, Jeewan, Deerat Al Oyoun, Al Nuzha, Mozoon, Al Noor & Al Sherooq, Sarat, and Al Qamra; commercial offerings including commercial villa plots, showroom plots, and warehousing plots; major retail destinations like Dragon City Bahrain, ThaiMart, and Souq Al Baraha; residential/marina projects like Marassi; and amenities including Hadiqat Al Diyar park. The projects are available for freehold ownership and investment purposes, targeting residents, investors, and business owners. The company is a subsidiary of Kuwait Finance House-Kuwait.

Differentiator

Problem solved

Functional benefit

Brands

• Al Bareh: Residential project featuring luxury villas and plots in western Diyar Al Muharraq with waterfront views and smart home technologies.
• Al Naseem
• Jeewan
• Deerat Al Oyoun
• Al Qamra
• Mozoon
• Sarat
• Al Nuzha
• Al Wasem
• Suhail
• Al Noor & Al Sherooq
• Dragon City
• ThaiMart
• Souq Al Baraha
• Hadiqat Al Diyar
• Marassi Bahrain

Products and services

• Al Bareh Residential Development Luxury residential project in western Diyar Al Muharraq overlooking the Arabian Gulf, featuring 4 villa types with plot sizes from 480 to 950 sqm, smart home technologies, residential plots, and freehold ownership for all nationalities. Targeted at families seeking premium waterfront living near schools and healthcare.
• Al Naseem Residential Community Integrated waterfront residential community in southern Diyar Al Muharraq featuring four villa types — Sabah El-Nasayem, Duha El-Nasayem, Aseel El-Nasayem, and Layl El-Nasayem — with entertainment facilities and waterfront shopping.
• Jeewan Residential Community Residential community within Deerat Al Oyoun featuring over 450 villas in tropical, French, and Art Deco styles with mosque, sports facilities, and commercial outlets. Achieved 87% Phase 1 and 85% Phase 2 handover rates on schedule despite COVID-19 disruptions.
• Deerat Al Oyoun Residential Complex Central residential complex within Diyar Al Muharraq designed for comfortable social living at convenient prices with easy access to facilities, shops, and schools.
• Al Nuzha Residential Plots New launch of 126 residential plots in the North Islands of Diyar Al Muharraq with plot sizes from 240 to 364 sqm, designed for contemporary living within a well-connected setting merging comfort and accessibility.
• Mozoon Waterfront Residential Plots Premium waterfront residential plot launch featuring 13 exclusive plots overlooking the main canal within the Mozoon scheme, with direct sea views and plot sizes ranging from 760 to 1,144 sqm. Targets families seeking privacy and tranquil marine views.
• Sarat Residential Plots Vibrant residential community strategically located near the Diyar Al Muharraq entrance, surrounded by the largest green park (Hadiqat Al Diyar) in a sophisticated, quiet residential area.
• Al Qamra Residential Plots Residential plots development within the Diyar Al Muharraq masterplan targeting contemporary homebuyers.
• Al Wasem Residential Plots Residential plots project within the Diyar Al Muharraq masterplan.
• Suhail Residential Plots Residential plots project within the Diyar Al Muharraq masterplan.
• Residential Building Plots Residential plots designated for self-build housing within the Diyar Al Muharraq masterplan, available for freehold ownership.
• Al Noor & Al Sherooq Villas Traditional Bahraini family-style villas designed with modern standards, combining traditional Muharraq architectural aspects with Eastern heritage designs.
• Dragon City Bahrain One of Bahrain's largest wholesale and retail shopping centers spanning 115,000 sqm (with 56,000 sqm main complex), housing 787 commercial units plus Dragon Apartments (20,000 sqm), Dragon Plaza (5,000 sqm), and dedicated warehouse space. Achieved approximately 900,000 visitors in August 2019 alone.
• ThaiMart (Vega ThaiMart) First Southeast Asian-inspired shopping destination in the region, spanning 6,000 sqm and featuring authentic Thai products imported exclusively from Thailand — including restaurants, jewelry, children's area, and shopping corridors. Operated by Vega Group within Diyar Al Muharraq.
• Souq Al Baraha Traditional heritage-themed market celebrating Bahraini heritage, with 468 retail spaces, 17,000 sqm total area, designed with Bahraini heritage architecture alongside modern facilities. Includes the Al Muntazah heritage-themed supermarket (1,355 sqm) as the sole supermarket in the souq.
• Marassi Waterfront Development Premium waterfront living project in the heart of Diyar Al Muharraq featuring marina facilities and residential options.
• Hadiqat Al Diyar (Diyar Park) Largest park in Diyar Al Muharraq spanning 32,800 sqm at the main entrance, featuring over 200 parking spaces, football fields, children's play area (400 sqm), jogging track, outdoor fitness areas, picnic zones, and F&B areas.
• Commercial Villa Plots Commercial plots designated for villa development within the Diyar Al Muharraq masterplan, available for freehold ownership to qualifying buyers.
• Commercial Showroom Plots Commercial plots designated for showroom development within the Diyar Al Muharraq masterplan.
• Warehousing Plots Commercial plots designated for warehouse and logistics development within the Diyar Al Muharraq masterplan.

Quantifiable outcome

• 196 sales transactions worth 32.9 million Bahraini dinar in Q4 2025 — ranking #1 in the Kingdom by value (RERA report)
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

13 partnerships are on record, tiered minor and core.

• Bahrain Trust FoundationminorStrategic or Co-development Partner · 11 July 2021Diyar Al Muharraq signed a 10-year agreement to sponsor Bahrain Trust Foundation educational centers at Al Noor Plaza and Al Sherooq Plaza (from July 2021), exempting the foundation from rental fees. The centers offer educational and community programs across all age groups.
• Bahrain Smart Cities Summit (Organizer)minorGTM or Marketing Partner · 15 April 2021Diyar Al Muharraq served as the Platinum Sponsor of the 5th Bahrain Smart Cities Summit 2021 under the theme 'Redefining Smart Cities.' The CEO participated in a panel discussion on sustainable urban development.
• Bahrain Economic Development Board (EDB)minorStrategic or Co-development Partner · 13 April 2021The EDB conducted a site tour of Diyar Al Muharraq's masterplan to explore investment opportunities across hospitality, logistics, education, healthcare, and retail sectors within the development.
• Al Me'er Group — Al Muntazah MarketsminorChannel Partner/ Reseller/ Distributor · 17 February 2021Al Muntazah Markets (Al Me'er Group, founded 1952) signed a lease agreement to open a heritage-themed supermarket branch within Souq Al Baraha. The 1,355 sqm store is the sole supermarket in the souq and reflects traditional Bahraini market aesthetics.
• American University of Bahrain (AUBH)minorStrategic or Co-development Partner · 1 October 2020Diyar Al Muharraq signed a cooperation agreement with AUBH to provide a scholarship for Bahraini students. AUBH is Bahrain's first American-style university (supported by Matar Holding). The agreement includes an optional internship pathway for scholarship recipients at Diyar Al Muharraq.
• Hassaan Abdullrahman Jafar (HAJ) — Al Bareh Project DeveloperminorImplementation/ SI/ Consulting Partner · 6 September 2020Hassaan Abdullrahman Jafar (HAJ) was appointed as project developer for the Al Bareh residential project, overseeing development management of the luxury villa and land plot community.
• Spectrum W.L.L.minorStrategic or Co-development Partner · 3 August 2020Diyar Al Muharraq signed a cooperation agreement with Spectrum W.L.L. for waste management and cleaning services across the city, supporting the development's sustainability and environmental commitments.
• AECOMcoreTechnology or Integration · 30 October 2019AECOM serves as the masterplan consultant and infrastructure supervisor for Diyar Al Muharraq. The global engineering firm designed the masterplan and oversees infrastructure works including roads, utilities, and fiber optics across the project's islands.
• Crown Electro-Mechanical ServicesminorImplementation/ SI/ Consulting Partner · 17 July 2019Awarded the main construction contract for the ThaiMart (Vega ThaiMart) project within Diyar Al Muharraq. The company is responsible for all electro-mechanical construction works for the Thai-themed retail destination.
• UCO EngineeringminorImplementation/ SI/ Consulting Partner · 28 May 2019Appointed as main contractor for the Al Oyoun Plaza access road project (June–December 2021), which includes internal road construction and secondary infrastructure services such as street lighting, drainage, electricity, water, and telecom networks.
• Vega Group / Vega ThaiMartcoreStrategic or Co-development Partner · 9 December 2018Vega Group operates the first Southeast Asian-themed retail destination (ThaiMart) within Diyar Al Muharraq. The project covers 6,000 sqm and features Thai products, restaurants, and retail. 60% of retail space was pre-leased. The partnership was facilitated by strong Thailand-Bahrain bilateral trade relations.
• Chinamex (Dragon City operator)coreStrategic or Co-development PartnerChinamex operates Dragon City — the 787-unit wholesale and retail trading center within Diyar Al Muharraq covering 56,000 sqm. Dragon City is one of the largest trading centers in Bahrain and attracts over 6 million visitors annually.
• Oruba for Contracting & MaintenanceminorImplementation/ SI/ Consulting PartnerAppointed as the official contractor for the first mosque in Deerat Al Oyoun (built on donated land). The mosque accommodates over 600 worshippers across 1,217 sqm and features traditional Arabic-Islamic architecture designed by Arab Engineers.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Bahrain Real Estate Company (BRE) / Bahrain Real Estate Investment Company: Bahrain's local listed real estate developer operating within the Bahrain real estate market alongside Diyar. Comparable as a Bahrain-domiciled residential and commercial property developer competing for the same domestic buyer pool referenced in RERA market reports.
• Deyaar Development: Dubai-based real estate developer with a similar name and business model, focused on mid-to-upper residential towers and mixed-use developments such as Midtown and Marina Plaza. Comparable to Diyar as a Gulf-based mixed-use developer serving residents and investors with freehold offerings.
• Mabanee Company: Kuwait-listed developer of The Avenues (the largest mall in Kuwait) and integrated mixed-use lifestyle destinations (Al Kout, Mohammad Al-Amin Street). Highly comparable to Diyar as a KFH-co-invested Gulf mixed-use developer combining retail-anchored masterplans with residential and asset-management revenue.

Regional players

• Omran / Muscat Development & Tourism Investment Company: Omani sovereign tourism-developer behind Al Mouj Muscat and other mixed-use waterfront communities. Comparable as a GCC national-developer of integrated waterfront cities combining residential villas, retail, hospitality, and marina facilities akin to Diyar's Marassi and Souq Al Baraha.

Emerging players

• Eagle Hills: Abu Dhabi-based developer of large mixed-use projects (Marassi Galleria, City Life, The Address Fujairah Resort). Comparable as an emerging GCC master developer with waterfront, freehold, hospitality-retail-residential integration similar to Diyar's Marassi and Dragon City components.

Broad incumbents

• Qatari Diar Real Estate Investment Company: Qatar Investment Authority's real estate arm behind Lusail City, The Pearl-Qatar, and numerous mixed-use developments. Directly comparable to Diyar Al Muharraq as a state-backed GCC master developer of large waterfront cities with residential, retail, and social infrastructure.
• Dar Al Arkan Real Estate Development: Saudi Arabia's largest listed real estate developer, delivering integrated master-planned communities (Shams Ar Riyadh, Al Qasr Mall, Ubud). Comparable as a GCC master-planned mixed-use developer operating at the upper end of the regional market.
• Aldar Properties: Abu Dhabi-listed developer behind Yas Island, Saadiyat, and Al Raha. Directly comparable as a UAE national-scale developer operating large mixed-use masterplans with integrated residential, retail, education, and leisure components for freehold buyers and investors.
• Nakheel: Dubai-based master developer of Palm Jumeirah, The World Islands, and Jumeirah Islands — explicitly a reclaimed-land, waterfront, multi-island mixed-use developer comparable to Diyar's reclaimed-island 10 sq km footprint in Bahrain.
• Emaar Properties: UAE-listed master developer behind Downtown Dubai, Dubai Marina, and Emaar Beachfront. Comparable to Diyar Al Muharraq as a large integrated-city developer selling freehold residential villas, plots, and operating retail destinations (Dubai Mall, Dubai Marina Mall) within masterplans, though on a materially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/diyaralmuharraq
• LinkedInlinkedin.com/company/diyaralmuharraq

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Diyar Al Muharraq