DHB Holding

What DHB Holding does

DHB Holding is a privately held, founder-controlled real estate development group operating primarily in the United Arab Emirates and the Kingdom of Saudi Arabia. The group, consolidated under the mother entity Dahab Properties L.L.C (Dubai), develops and sells residential properties across three tiers: large-scale mass housing in Saudi Arabia (notably the 2,900-unit Diar Al Hasa project in Al Hasa, Eastern Province, nearing completion), mid-market family villas in Riyadh (Mayar Villas with 374 units and Nawar Villas with 357 homes, both within the National Housing Company's Al Fursan Suburb masterplan), and luxury residences in the UAE (The Palm Villas on Palm Jumeirah, Opula in Abu Dhabi, and the Palatial Villas). The company also offers advisory and development management services to third-party real estate clients.

DHB operates through a vertically integrated group structure that includes Dahab Properties LLC (UAE development), Abraj Dahab for Development and Real Estate Investments (KSA), Dahab for Real Estate Development, Modern Construction Systems / Nozom (in-house construction), and Zad Al Madaeen (FFE supply). Architectural design is anchored by NAGA Architectural and Engineering Consultancy, the founder-led practice of Prof. Shams Naga, which provides a heritage-meets-modern design language tailored to Saudi and UAE markets. Strategic positioning is built around alignment with Saudi Arabia's Vision 2030 housing objectives and a partnership with the state-linked National Housing Company (NHC).

The company monetizes through one-time residential property sales (recognized on handover) and fee-based advisory and development management services. Distribution is direct via in-house sales teams in Dubai and Riyadh, complemented by digital brochures, project websites, and executive thought leadership. Pricing is individualized per unit and not publicly disclosed. With 51–100 employees, the group is mid-sized by regional developer standards, and is led by Prof. Shams Naga (Founder/Chairman) and Omar Delawar (Group CEO, ex-Meraas Holding).

Name

DHB Holding

Legal name

Dahab Properties L.L.C

Website

https://dhbholding.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

DHB Holding is a privately held, founder-controlled real estate developer operating in the UAE and Saudi Arabia. It builds and sells mass housing, mid-market family villas, and luxury residences through vertically integrated subsidiaries, serving Saudi families and UAE high-net-worth buyers.

Ownership category

akta.pro rank

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Residential Property Sales: DHB Holding generates revenue primarily through the development and sale of residential properties including mass housing communities and luxury villas. Revenue is realized as one-time transactions upon property handover to buyers.
2. Advisory and Development Management Services: The company provides advisory and development management consulting services to clients, generating fee-based revenue for project management and consulting assignments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

DHB Holding develops and sells residential real estate across the Middle East, including large-scale mass housing communities in Saudi Arabia (Diar Al Hasa with 2,900 units in Al Hasa, plus Mayar Villas and Nawar Villas within NHC's Al Fursan Suburb in Riyadh) and luxury beachfront residences in the UAE (The Palm Villas on Palm Jumeirah and Opula in Abu Dhabi). The group also provides advisory and development management consulting services, supported by an in-house construction company (Modern Construction Systems/Nozom) and an FFE supply entity (Zad Al Madaeen).

Product overview

DHB Holding is a real estate development company offering a portfolio of residential projects across the Middle East. The portfolio includes mass housing developments (Diar Al Hasa with 2,900 units), mid-market villas (Mayar Villas with 374 units, Nawar Villas with 357 homes), and luxury properties (The Palm Villas in Dubai, Opula in Abu Dhabi). The company operates through subsidiaries: Dahab Properties LLC (Dubai), Abraj Dahab for Development (KSA), Dahab for Real Estate Development, Modern Construction Systems for contracting, and Zad Al Madaeen for FF&E. Projects align with Saudi Arabia's Vision 2030 through partnerships with the National Housing Company (NHC) and development in designated masterplan communities like Al Fursan Suburb.

Differentiator

Problem solved

Functional benefit

Brands

• Avera Collection: Luxury villa collection brand under The Palm Villas project.

Products and services

• Diar Al Hasa
• The Palm Villas
• Mayar Villas
• Nawar Villas
• Opula
• Advisory and Development Management Services

Quantifiable outcome

• 2,900 units delivered in Diar Al Hasa, nearing full completion with substantial part already handed over
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• National Housing Company (NHC)coreStrategic or Co-development PartnerNHC is a key strategic partner for DHB Holding's Saudi Arabia projects. DHB is developing Mayar Villas and Nawar Villas as part of NHC's Al Fursan Suburb masterplan in Riyadh, contributing to Saudi Arabia's Vision 2030 housing objectives. NHC provides the masterplan framework while DHB executes development.
• NAGA Architectural and Engineering ConsultancycoreStrategic or Co-development PartnerNAGA Architectural and Engineering Consultancy is the design partner for the Nawar Villas project. Led by Prof. Shams Naga (who is also DHB's Founder and Chairman), the firm provides architectural and engineering design services. Dr Shams Naga, described as Founder and Principal, had 'creative reign' for the Palm Villas project.
• Dahab Properties LLCcoreOthersDahab Properties LLC is the UAE-based mother company and primary shareholder of the other DHB Group entities. It is the developer of The Palm Villas and Palatial Villas in Dubai, UAE.
• Abraj Dahab for Development and Real Estate InvestmentscoreOthersAbraj Dahab is the KSA-based developer entity responsible for the flagship Diar Al Hasa mass housing project in the Eastern Province of Saudi Arabia.
• Dahab for Real Estate DevelopmentcoreOthersDahab for Real Estate Development is the developer entity responsible for Mayar Villas project in Riyadh, KSA, as part of the Al Fursan Suburb.
• Modern Construction Systems (Nozom)minorOthersModern Construction Systems (branded as Nozom) is DHB's in-house construction company that addresses the contracting needs of DHB's development projects, providing vertical integration.
• Zad Al MadaeenminorOthersZad Al Madaeen is a trading establishment within the DHB Group that caters to the FFE (Furniture, Fixtures & Equipment) needs of the group's property developments, providing supply chain integration.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aldar Properties: Abu Dhabi's leading listed developer with a portfolio of master-planned communities, including villa and residential developments such as Alghadeer and Saadiyat. Directly comparable to DHB's Abu Dhabi (Opula) and wider UAE residential development activity.
• DAMAC Properties: Dubai-based developer focused on luxury and branded residences, including high-end villa and apartment projects. Closely comparable to DHB's Palm Jumeirah and Opula luxury segment in product type, geography, and end-buyer profile.
• Roshn: PIF-backed Saudi national residential developer delivering integrated master-planned communities at scale across KSA. Highly comparable to DHB's mass-housing and villa pipeline in KSA, including the partnership-driven model with state housing entities.
• Dar Al Arkan Real Estate Development: Saudi-listed residential developer with large master-planned villa and mass-housing projects in Riyadh and other KSA cities. Closely comparable to DHB's KSA mass-housing and villa strategy (Diar Al Hasa, Mayar Villas, Nawar Villas) and Vision 2030 alignment.

Broad incumbents

• Meraas Holding: Dubai-based diversified developer of master-planned urban destinations, residential, and lifestyle projects. DHB's CEO Omar Delawar is a former Meraas CPO, and the firm's product overlap on Dubai residential makes it a relevant comparable.
• Emaar Properties: UAE's largest listed developer, with residential masterplans across Dubai including luxury beachfront and master-planned villa communities (e.g. Dubai Hills, Arabian Ranches). Comparable to DHB in residential development, UAE market presence, and luxury/mass-market dual positioning, though materially larger.

Emerging players

• Diriyah Company: PIF-affiliated developer of the Diriyah gigaproject near Riyadh, including large-scale residential and cultural components. Comparable to DHB as a Vision 2030-aligned KSA developer pursuing large residential masterplans, though at a much larger scale.

Regional players

• Jabal Omar Development: Saudi-listed developer of large-scale mixed-use and residential masterplans centred on Makkah, with adjacent KSA residential expansion. Comparable to DHB in KSA master-planned residential delivery and Vision 2030-aligned development profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/31522215/admin
• Instagraminstagram.com/dhbholding
• Facebookfacebook.com/dhb.realestate

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries5 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 DHB Holding