Naseej

What Naseej does

Naseej B.S.C. is an integrated real estate development and infrastructure company headquartered at Bahrain Financial Harbour in Manama, Kingdom of Bahrain. Established in 2009 by a consortium of public and private sector investors — including Ithmaar Bank, Ithmaar Development Company, Bank of Bahrain & Kuwait (BBK), Khaleeji Bank, the Social Insurance Organization (SIO), and Eskan Bank — the company commenced operations in 2010 with one of Bahrain's first and largest Public-Private Partnership (PPP) initiatives with the Ministry of Housing & Urban Planning. Naseej operates across the full development value chain from planning and design to execution and management, delivering residential, commercial, mixed-use, educational, and industrial developments.

Its product portfolio spans over 3,000 units across nine named developments with an investment portfolio exceeding BD 200 million (~USD 530M) and total portfolio value exceeding USD 620 million. Key projects include CanalView (246 luxury apartments on Dilmunia Island), Nasayim Arad (17 award-winning smart villas), Basateen (23 villas), Yasmeenat Saar (27 villas), Amwaj Avenue (mixed-use development at Amwaj Islands), Jumana (affordable housing), Nadeen School (educational), and the recently acquired Bahrain Investment Oasis (24 industrial units, 107,000+ sqm) within BIIP at Al Hidd. Technical differentiators are concentrated in Nasayim Arad's integrated smart home systems (intelligent control of lighting, HVAC, and security) and in PPP-driven integrated infrastructure delivery.

Naseej monetizes primarily through one-time freehold property sales to individuals and investors across multiple developments, supplemented by recurring rental income from industrial units at Bahrain Investment Oasis. Go-to-market is sales-led through on-site sales centers, retail mall stands (e.g., Bahrain City Centre), a direct contact center, participation in Gulf Property Show, BIPEX, and Cityscape Global, and a strategic distribution partnership with BBK that places Naseej staff inside BBK's Financial Mall to bundle mortgage financing, personal loans, and insurance with property purchases. Customer segments include Bahraini citizens served through the Ministry of Housing PPP for affordable housing, individual property investors and homeowners seeking luxury and mid-to-high-end villas and apartments, and industrial/logistics tenants at the BIO facility. The company is privately held, not listed on any exchange, with no parent company, and reports a paid-up capital of BD 64 million and net profit exceeding BD 820,000 for fiscal year 2025.

Name

Naseej

Legal name

Naseej B.S.C.

Website

https://naseej.bh

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Naseej B.S.C. is a Bahraini integrated real estate development and infrastructure company delivering residential, commercial, mixed-use, educational, and industrial projects through direct sales and a PPP with the Ministry of Housing, serving individual homeowners, investors, and government housing programs.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Real estate development
• Residential property development
• Affordable housing development
• Mixed-use property development
• Industrial-logistics facilities

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Sales: Direct sale of residential villas, apartments, and commercial units to end customers. Revenue from freehold property sales across various developments including CanalView, Basateen, Yasmeenat Saar, Nasayim Arad, Amwaj Avenue, and Jumana.
2. Industrial/Logistics Rental Income: Rental income from industrial units at Bahrain Investment Oasis (BIO) project. 24 industrial units with strong occupancy rates serving local and international industrial companies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Naseej is an integrated real estate development and infrastructure company that plans, designs, develops, and manages residential, commercial, mixed-use, educational, and industrial-logistics projects across the Kingdom of Bahrain. Its core commercial offering is the freehold sale of villas and apartments within named developments (CanalView, Nasayim Arad, Basateen, Yasmeenat Saar, Amwaj Avenue) supplemented by rental of industrial units at Bahrain Investment Oasis and a flagship Public-Private Partnership with the Ministry of Housing for affordable housing delivery.

Product overview

Naseej is an integrated real estate development and infrastructure company operating across all stages of the development value chain from planning and design to execution and management. The company offers a diversified portfolio of residential, commercial, mixed-use, educational, and industrial developments, as well as key infrastructure projects across Bahrain. Key products include: CanalView (luxury waterfront apartments on Dilmunia Island), Nasayim Arad (award-winning smart villas), Amwaj Avenue (mixed-use development), Bahrain Investment Oasis (industrial-logistics), Basateen (villa development), Yasmeenat Saar (villa living), Jumana (affordable housing via PPP), and the flagship PPP affordable housing project with Ministry of Housing. The investment portfolio exceeds BD200 million.

Differentiator

Problem solved

Functional benefit

Brands

• CanalView: Waterfront mixed-use development at Dilmunia Island featuring 246 luxury apartments, retail spaces, and waterfront amenities.
• Basateen
• Nasayim Arad
• Yasmeenat Saar
• Bahrain Investment Oasis (BIO)
• Amwaj Avenue
• Jumana

Products and services

• CanalView at Dilmunia Island Landmark mixed-use development spanning over 13,000 square meters on Dilmunia Island with 246 luxury apartments across four buildings, waterfront lifestyle amenities including pools, a gymnasium, a multi-sport court, an exclusive clubhouse, and curated retail at podium level. Targeted at property investors and families seeking premium waterfront living.
• Basateen Exclusive residential development in Busaiteen, Muharraq offering 23 meticulously crafted villas with spacious 3- and 4-bedroom layouts combining modern architectural aesthetics with high-quality finishes and premium fixtures. Strategically positioned with access to Bahrain's main highways.
• Yasmeenat Saar Contemporary villa living development opposite Saar Mall offering 27 mid-to-high-end villas with open-plan layouts designed to maximize space, natural light, and functionality. Targeted at families and property investors seeking premium villa living.
• Nasayim Arad Smart Villas Award-winning residential development with 17 ready-to-move-in smart villas in Arad Bay featuring fully integrated infrastructure and advanced smart home technologies with intelligent control of lighting, air conditioning, and security systems. Recognised with International Property Awards (2026) and Forbes Middle East recognition for the CEO.
• Amwaj Avenue Mixed-use development strategically positioned at the entrance of Amwaj Islands in northern Bahrain, featuring residential plots supported by fully developed infrastructure with seamless connectivity to Bahrain's established road network.
• Bahrain Investment Oasis (BIO) Industrial-logistics project within the Bahrain International Investment Park (BIIP) in Salman Industrial City, Hidd. Comprises 24 industrial units across 107,000+ square meters with 54,600 square meters of leasable area, serving local and international industrial and logistics tenants on recurring rental agreements.
• Jumana Affordable Housing Affordable housing project in Madinat Salman developed through Bahrain's pioneering public-private partnership (PPP) with the Ministry of Housing, offering 165 villas and 202 apartments to Bahraini citizens under government housing programs.
• Madinat Salman 24 Residential Villa Project New residential villa project consisting of 24 villas at Madinat Salman, developed as part of the Government Land Development Program in partnership with the private sector. Targeted at Bahraini nationals under government housing initiatives.

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and minor.

• Al Door Excavation & Building ContractingcoreImplementation/ SI/ Consulting Partner · 17 March 2026Design-and-build contractor for infrastructure works of Amwaj Avenue project. Also main contractor for Nasayim Arad project.
• Aafaq UniversityminorStrategic or Co-development Partner · 1 September 2025University internship program Aafaq 2025 with participation across business areas including Accounting, Finance, Investments, Property Development, Risk Compliance, Marketing, ICT, and HR
• Bahrain PolytechnicminorStrategic or Co-development Partner · 12 June 2025Agreement to establish educational campus at CanalView project, and student participation in feasibility studies for Amwaj Avenue
• BIBF (Bahrain Institute of Banking and Finance)minorStrategic or Co-development Partner · 9 July 2024Partnership for university student tours, workshops, and team building training programs
• Hope TalentsminorStrategic or Co-development Partner · 9 July 2024Partner for university student project tours and professional development workshops
• Almoayyed Contracting GroupminorImplementation/ SI/ Consulting Partner · 19 September 2017Construction partner involved in various projects including Madinat Salman villa project groundbreaking
• Khaleeji Commercial Bank (KHBC)coreStrategic or Co-development Partner · 2 July 2017Escrow account partnership for CanalView project in compliance with Law 28 of 2014 and CBB Resolution 20 of 2016
• BBKcoreStrategic or Co-development Partner · 15 February 2017Strategic partnership for mortgage finance facilities, personal loans, and insurance coverage for Naseej customers. Offers one-stop-shop at BBK's Financial Mall combining property purchase, financing, and insurance.
• SSHcoreImplementation/ SI/ Consulting Partner · 8 May 2016Lead Design Consultants for CanalView project at Dilmunia Island
• DG Jones & PartnerscoreImplementation/ SI/ Consulting Partner · 8 May 2016Quantity Surveying Cost Consultants for CanalView project

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Diyar Al Muharraq: Bahraini master developer behind Diyar Al Muharraq, a mixed-use waterfront city with residential, commercial, and retail. Highly comparable to Naseej's integrated residential and mixed-use delivery model in Bahrain, including PPP-style master-planned communities.
• Edamah: Bahrain's sovereign real estate arm (owned by Bahrain Mumtalakat Holding), developing residential, commercial, and mixed-use projects including Bilaj Al Jazayer and waterfront schemes. Directly comparable to Naseej in Bahrain market focus and government-backed development activity.
• Ithmaar Development Company: Master developer of Dilmunia Island (where Naseej's CanalView sits) and a Naseej shareholder/Ithmaar Bank affiliate. Operates in Bahrain real estate development and is a direct partner/peer on Dilmunia-area mixed-use projects.

Broad incumbents

• Emaar Properties: Largest UAE-listed developer behind Downtown Dubai, Dubai Marina, and global mixed-use masterplans. A broad incumbent whose mixed-use, residential, and PPP-style large-scale development model parallels Naseej's, though at significantly larger scale and geographic scope.
• Aldar Properties: Abu Dhabi's flagship developer of residential, commercial, retail, and education assets (Yas Island, Reem, Saadiyat). Comparable product breadth to Naseej (residential, commercial, mixed-use, education) but at much larger scale and AED-denominated market.
• DAMAC Properties: Dubai-based developer of luxury residential, mixed-use, and branded residences. Comparable in luxury-villa and apartment focus (similar to CanalView/Nasayim Arad), though it operates primarily in UAE with broader GCC/international reach.
• Dar Al Arkan: Saudi Arabia's largest listed real estate developer focused on residential villas, apartments, and mixed-use projects. Comparable end-product mix (villas, apartments, mixed-use) to Naseej, operating at much larger scale in a different GCC geography.
• Eagle Hills: Abu Dhabi-based developer with active Bahrain projects (e.g., Marassi Residences). Operates in mixed-use and residential development across MENA, directly overlapping with Naseej's Bahrain residential/mixed-use activity and customer base.
• Mabanee Company: Kuwait-listed developer of The Avenues and other large mixed-use retail/residential complexes across the GCC. Comparable mixed-use real estate business model and GCC regional context to Naseej's CanalView and Amwaj Avenue projects.
• RAK Properties: UAE-listed (ADX) developer of residential, commercial, and mixed-use projects primarily in Ras Al Khaimah. Comparable GCC-listed real estate developer with diversified residential and mixed-use portfolio, though operating in a different emirate market.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/naseejbsc
• Facebookfacebook.com/NaseejBSC
• LinkedInlinkedin.com/company/naseej

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 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 Naseej