Taameer Real Estate Investment

What Taameer Real Estate Investment does

Al Taameer Real Estate Co (operating as Taameer Real Estate Investment) is a Kuwaiti public company that develops, owns, and manages hospitality real estate assets — hotels, resorts, health clubs, and leisure projects — across the MENA region. The company was established in 1978 as a general real estate firm and was acquired in 2004 by Al Massaleh Real Estate Co, which redirected its strategy toward hospitality; it listed on the Kuwait Stock Exchange in 2005 via a public offering that raised paid-up capital from KD 6 million to KD 20 million. The company is controlled by Al Massaleh Real Estate Co (over 50% ownership), with Global Investment House holding over 15%.

The company's core assets and offerings include the Amaia Residence in Salmiya, Kuwait — a 41-unit luxury furnished serviced residence maintained at 100% occupancy since its 2010 acquisition and managed through subsidiary Al Massaleh Real Estate Co — as well as Al Corniche Club Resort & Spa in Kuwait and a hotel property in downtown Beirut. A 2007 master franchise agreement with Wyndham Hotel Group grants the company rights to develop and operate Ramada, Ramada Resort, Ramada Hotel & Suites, and Ramada Encore brands across Morocco, Libya, Egypt, Lebanon, Jordan, and Iraq. As of 2011, the portfolio comprised 5 operational projects and 5 under development.

The company generates revenue through two principal streams: (1) direct hospitality property ownership and operations — including hotel/resort operating income and rental income from residential assets such as Amaia Residence — and (2) franchise-derived royalties and fees under the Wyndham master franchise covering six MENA markets. Its go-to-market is enterprise field sales and direct acquisition: properties are identified, acquired, developed, and operated through wholly-owned subsidiaries such as Al Massaleh Real Estate Co, with no public pricing disclosed since transactions are private. The company maintains an investor relations function with Arabic and English disclosures and a Board of Directors structure including Audit and Remuneration committees, consistent with its status as a KSE-listed entity.

Name

Taameer Real Estate Investment

Legal name

Al Taameer Real Estate Co

Website

https://altaameer.com.kw

Company type

Public

Founded year

1978

Operating status

Operating

Ownership category

akta.pro rank

Product category

Hospitality Real Estate Investment

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate (6500)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industries

Luxury Vacation Rental Management (BPAJAIAD), Luxury & Estate Rentals (THAGANAF)

Keywords

• Hospitality real estate
• Hotel development
• Property management
• Resort management
• Leisure investments

Headquarters

HQ city

Safat

HQ country

Kuwait

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Hospitality Property Ownership: Development, ownership and management of hospitality assets including hotels, resorts, health clubs and leisure projects. Revenue derived from hotel/resort operations and rental income from residential properties.
2. Franchise Revenue: Master franchise agreements with international hotel brands such as Wyndham Hotel Group for Ramada hotel brands across Mena Region countries (Morocco, Libya, Egypt, Lebanon, Jordan & Iraq).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Taameer Real Estate Investment (legal name Al Taameer Real Estate Co) is a Kuwait-based, publicly listed real estate investment company focused on the development, ownership, and management of hospitality assets — including hotels, resorts, health clubs, and leisure projects — across the MENA region, as well as residential property leasing through its Amaia Residence complex in Salmiya, Kuwait. The company also operates food and beverage businesses and holds master franchise rights for the Ramada hotel brands (Wyndham Hotel Group) covering Morocco, Libya, Egypt, Lebanon, Jordan, and Iraq.

Product overview

Al Taameer Real Estate Co operates as a hospitality-focused real estate company with a portfolio of residential and hospitality properties. The core offerings include the Amaia Residence complex in Salmiya, Kuwait, consisting of Amaia 1 and Amaia 2 sub-properties with 41 luxury furnished apartments. The company also owns and manages hotels, resorts, health clubs, and other leisure projects in the MENA Region, including the Al Corniche Club Resort & Spa. The company develops, owns, and manages hospitality assets and food & beverage operations, with properties managed through subsidiary Al Massaleh Real Estate Co.

Differentiator

Problem solved

Functional benefit

Products and services

• Amaia Residence Luxury residential complex in Salmiya, Kuwait featuring 41 fully furnished 1-bedroom, 2-bedroom, and 3-bedroom duplex apartments, with amenities including business center, lounge, swimming pool, gym, laundry services, and 24-hour security. Located near Marina Mall and Al Corniche Club Resort & Spa, maintained 100% occupancy since 2010 acquisition. Managed by Al Massaleh Real Estate Co, a wholly owned subsidiary.
• Al Corniche Club Resort & Spa Hospitality resort and spa property located in Kuwait, operated as part of Al Taameer's hospitality asset portfolio following its 2006 acquisition.
• Ramada Hotel Brands (Master Franchise) Master franchise rights held under agreement with Wyndham Hotel Group to develop and operate Ramada-branded hotels and resorts across MENA region countries including Morocco, Libya, Egypt, Lebanon, Jordan, and Iraq. Includes the Ramada, Ramada Resort, Ramada Hotel & Suites and Ramada Encore brand sub-formats.
• Downtown Beirut Hotel Property First hotel property acquired by Al Taameer in downtown Beirut, marking the company's entry into hospitality real estate operations outside Kuwait.

Quantifiable outcome

• 100% occupancy maintained at Amaia Residence since 2010 acquisition

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Wyndham Hotel GroupcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2007Master franchise agreement signed in 2007 for Ramada hotel brands (Ramada, Ramada Resort, Ramada Hotel & Suites and Ramada Encore) covering Morocco, Libya, Egypt, Lebanon, Jordan & Iraq markets in the Mena Region.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• DAMAC Properties: UAE-listed luxury real estate developer with hospitality partnerships (including Trump and Paramount). Larger incumbent in luxury MENA residential and hospitality development.
• Aldar Properties: Abu Dhabi-listed developer with diversified hospitality, residential, and mixed-use assets across the UAE and MENA. Larger incumbent in the Gulf hospitality real estate category.
• Rotana Hotel Management Corporation: UAE-based hotel owner/operator with a large MENA hospitality footprint, often partnering with regional investors. Comparable as a MENA hospitality operator that interacts with regional real estate investors.
• Emaar Properties: UAE-listed mega-developer behind hotels, malls, and residential towers across MENA. A much larger incumbent operating in the same hospitality and mixed-use real estate space across overlapping geographies.

Others

• Wyndham Hotels & Resorts: Al Taameer's master franchise partner for Ramada brands across MENA. Relevant as the brand licensor and counterparty whose brand performance directly affects Al Taameer's franchise economics.

Direct peers

• National Real Estate Co. (NREC): Kuwaiti conglomerate with real estate, hospitality, and contracting operations including hotels across MENA. Closely comparable to Al Taameer's Kuwaiti-listed, hospitality-focused real estate model.
• Mabanee Co. Kuwaiti real estate developer and asset manager (The Avenues, Kuwaiti hospitals, UAE projects). Directly comparable Kuwait-listed real estate investment company with a hospitality-leaning mixed-use portfolio.
• Barwa Real Estate Co. Qatari listed real estate company developing mixed-use, hospitality, and residential assets across MENA. Comparable Gulf-listed hospitality/mixed-use real estate developer.
• Tamdeen Group: Kuwaiti real estate developer and investor with mixed-use, retail, and hospitality projects including the 360 MALL. Comparable Kuwaiti hospitality/mixed-use real estate investor with MENA ambition.
• Salhia Real Estate Co. Kuwait-listed real estate investment company owning and operating commercial and hospitality properties. Directly comparable as a fellow KSE-listed Kuwaiti real estate investor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/al-taameer-real-estate-investment-company-k.s.c.c

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 Taameer Real Estate Investment