What Tilal Real Estate does

Tilal Real Estate Company is a Saudi Arabian residential and mixed-use real estate developer founded in 2020 as a strategic initiative of the Saudi Ministry of Housing. It operates as an alliance between three major Saudi business groups - Al Tamimi Group, Al Othman Holding, and IKK Group - drawing on the resources of 115 companies, 40,000 employees, and more than 180 years of combined expertise across construction, contracting, hospitality, and real estate development. The company develops integrated residential communities under the 'Tilal Homes' sub-brand in Riyadh, Madinah, Dammam, and Safwa/Qatif, with a housing portfolio of more than 6,000 units across projects including Al Mukaimen (Madinah), Dammam (1,250 units), Qamra (520 villas), Al Fursan (Riyadh), and Al Narjis (Riyadh).

The flagship product is the Heart of Khobar (HOK), a 268,000+ m² mixed-use urban destination combining residential, retail, hospitality, entertainment, educational, and MICE components, designed by WATG London and incorporating the 25hours Al Khobar Hotel and a Working From_ co-working center through a partnership with Ennismore. Additional revenue streams include the Khozam District integrated community in Riyadh, developed in partnership with Hassan Allam Holding (via Grova Developments) and the National Housing Company, valued at over SAR 3.3 billion. A companion mobile app (iOS and Android) provides buyers and owners with construction updates, ownership management, and community communication tools.

Tilal's business model combines one-time residential unit sales (off-plan and completed transfers, supported by government financing via the Sakani program) with longer-duration mixed-use revenue from hospitality, co-working, retail, and entertainment operations at HOK. The company reaches customers through on-site sales offices, a national call center, a digital inquiry channel, a mobile app, and NHC's Sakani program distribution, supplemented by event-driven marketing at Cityscape Global and major Saudi real estate forums. Strategic and operational partners include Hassan Allam Holding, Ennismore, WATG London, ACCOR (via 25hours), Colliers, CBRE, JLL, and Al-Fanar Contracting.

Name

Tilal Real Estate

Legal name

Tilal Real Estate Company

Website

https://tilalre.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Tilal Real Estate is a Saudi residential and mixed-use developer, founded in 2020 as an alliance of Al Tamimi, Al Othman, and IKK Groups. It builds Tilal Homes communities and the Heart of Khobar mixed-use destination, serving Saudi homebuyers via the Sakani program and broader market.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Land Subdivision (2372), Real Estate and Rental and Leasing (53), Lessors of Residential Buildings and Dwellings (53111)

SIC

Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Residential community development
• Mixed-use real estate
• Integrated urban planning
• Housing development projects
• Property development services

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: One-time sales of residential units (villas and apartments) across Tilal Homes communities in Saudi cities including Riyadh, Dammam, Madinah, and Qatif region. Revenue generated from off-plan sales and completed unit transfers.
2. Mixed-Use Development Revenue: Heart of Khobar (HOK) project generates revenue from multiple components including hotel operations, leased residences, commercial spaces, business park, and entertainment facilities. Hospitality component operated through 25hours brand partnership.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Tilal Real Estate is a Saudi real estate developer that designs, builds, and sells integrated residential communities (Tilal Homes) and mixed-use urban destinations (Heart of Khobar) across Saudi Arabia. The portfolio includes more than 6,000 residential units across Riyadh, Madinah, Dammam, Safwa/Qatif, and Al Khobar, alongside hospitality (25hours Al Khobar hotel) and co-working (Working From_) components developed through brand partnerships. Revenue is generated primarily through one-time residential unit sales, with mixed-use and hospitality revenue from the HOK flagship project.

Product overview

Tilal Real Estate is a Saudi Arabian real estate developer offering residential communities and mixed-use developments across key cities including Riyadh, Madinah, Dammam, and Eastern Province. The portfolio includes Tilal Homes residential communities (Al Mukaimen with villas in Madinah, Dammam with apartments, Qamra with villas in Safwa, Al Fursan and Al Narjis in Riyadh) totaling over 6,000 housing units, and the Heart of Khobar (HOK) mixed-use development combining residential, commercial, hospitality, and entertainment components. A companion Tilal mobile app provides construction tracking, ownership management, and community communication features. The company also operates the 25hours Al Khobar Hotel and Working From_ co-working center (opening 2028) through partnerships with Ennismore.

Differentiator

Problem solved

Functional benefit

Brands

• Tilal Homes: Residential communities developed by Tilal Real Estate across key Saudi cities including Madinah, Dammam, Safwa, and Riyadh
• Heart of Khobar (HOK)
• 25hours Al Khobar
• Working From_

Products and services

• Tilal Homes in Al Mukaimen Villas community in Madinah offering 278-342 m² units across Liwan and Riwaq models. Located within the boundaries of Prophet's Mosque area, approximately 10 minutes from Al-Masjid An-Nabawi. Includes 410 standalone homes with four distinct architectural models. Targeted at Saudi homebuyers seeking integrated villa living near Madinah.
• Tilal Homes in Dammam Apartments project in Dammam's Al Orouba District with over 1,200 residential units across 50 buildings, featuring up to 14 different designs including apartments, ground duplexes, penthouses, and sky villas. Includes 56,000+ m² green spaces, cycling path, sports walkway exceeding 3 km, three mosques, and major commercial center. Located on 112,000+ m² total area. Targeted at Saudi homebuyers seeking urban apartment living in Dammam.
• Tilal Homes in Qamra Villas community in Safwa's Qumrah district with 520 residential villas on 131,000 m². Features Lavender, Lavender+, Tulip, Tulip+, Tulip TH, Tulip TH+ models with land areas from 200-320 m². Located near Safwa-Ras Tanura Bridge with access to commercial, educational, and healthcare services. Targeted at Saudi homebuyers in the Eastern Province.
• Tilal Homes in Al Fursan Villas community in Riyadh's northeastern Al Fursan Suburb. Features innovative contemporary architectural designs with multiple villa layouts. Partnership with National Housing Company (NHC). Construction progress exceeded planned schedule. Targeted at Saudi homebuyers in Riyadh.
• Tilal Homes in Al Narjis Residential community in Riyadh. Part of Tilal's housing portfolio of more than 6,000 units across key cities in Saudi Arabia.
• Heart of Khobar (HOK) Mixed-use urban destination in Al Khobar's King Faisal Road area spanning 268,000+ m². Features residential (town houses, high-end apartments, leased residences), commercial, retail, entertainment (cinema, food hall, family entertainment center), hospitality (hotel), educational (school), religious (mosques), and MICE (FORUM conference center) components. Includes a central green spine promoting walkability. Designed by WATG London.
• 25hours Al Khobar Hotel Premium hotel within the Heart of Khobar development with 170 rooms and suites plus 80 furnished apartments for long-term stays. Features multiple dining options, swimming pool, fitness center, and signature circular lounge. Partnership with Ennismore. Scheduled to open in 2028. Targeted at business travelers and tourists visiting Al Khobar.
• Working From_ Center Shared workspace center within the Heart of Khobar development spanning over 2,000 square meters with meeting rooms and phone booths. Includes exclusive benefits such as hotel service offers and food/beverage discounts. First of its kind in Eastern Province. Partnership with Ennismore. Scheduled to open in 2028. Targeted at business travelers and professionals in Al Khobar.
• Khozam District Integrated Community Mixed-use integrated community in Riyadh's Khozam District spanning over 228,000 m² with investment value exceeding SAR 3.3 billion. Strategic partnership between Hassan Allam Holding (via Grova Developments), Tilal Real Estate, and National Housing Company (NHC). Targeted at Saudi homebuyers and mixed-use users in Riyadh.

Quantifiable outcome

• First developer to complete show villa in Al Mukaimen Suburb, Madinah
• +1 more outcomes

Named customers2 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

Partnerships

13 partnerships are on record, tiered core, flagship, founding alliance and supporting.

• National Housing Company (NHC)coreStrategic or Co-development Partner · 17 November 2025Strategic partner for developing residential communities under Saudi Vision 2030. Partnership covers multiple projects including Al Fursan (Riyadh), Qamra (Safwa), Al Mukaimen (Madinah), Dammam, and Khozam District (Riyadh). NHC provides access to Sakani program and residential community distribution.
• Hassan Allam HoldingflagshipStrategic or Co-development Partner · 17 November 2025Egypt-based engineering and construction conglomerate established in 1936, operating across 10 countries with backlog exceeding $6 billion. Ranked 45th on ENR's top 250 international contractors. Partnership for Khozam District mixed-use project in Riyadh valued at SAR 3.3 billion.
• EnnismoreflagshipStrategic or Co-development Partner · 26 November 2024Global hospitality and lifestyle leader developing 25hours Al Khobar hotel (170 rooms, 80 furnished apartments) and Working From_ co-working center (2,000+ m²) - first of its kind in Eastern Province. Hotel scheduled to open in 2028.
• WATG LondoncoreTechnology or Integration · 7 November 2024Global architectural firm designing Heart of Khobar (HOK) mixed-use project, reimagining Old Khobar heritage into contemporary urban destination.
• Al Tamimi Groupfounding allianceStrategic or Co-development Partner · 1 January 2020Founding alliance partner established in 1942, operating across construction, contracting, energy, real estate, development, catering, operations and maintenance, food production, maritime sector, and retail. One of the three pillars of Tilal's alliance structure.
• Al Othman Holdingfounding allianceStrategic or Co-development Partner · 1 January 2020Family-owned Saudi closed joint stock company founded in 1967, managing a diverse portfolio across food, manufacturing, hospitality, technology, and industrial services. Includes Kempinski Al Othman Hotel.
• Essam Khairy Kabbani Group (IKK)founding allianceStrategic or Co-development Partner · 1 January 2020Leading family-owned Saudi company established in 1968 and pioneer in Kingdom's construction sector. Operations span infrastructure, building materials, engineering and contracting solutions, maintenance services, building façade solutions, and premium interior fit-outs across multiple countries.
• CollierssupportingTechnology or IntegrationReal estate services firm providing professional advisory services for Tilal projects.
• CBREsupportingTechnology or IntegrationCommercial real estate services firm supporting Tilal's real estate development activities.
• JLL (Jones Lang LaSalle)supportingTechnology or IntegrationProfessional services and investment management firm providing real estate expertise for Tilal developments.
• ACCORsupportingTechnology or IntegrationHospitality partner through 25hours brand licensing for Al Khobar hotel development.
• Grova DevelopmentsflagshipStrategic or Co-development PartnerDevelopment arm of Hassan Allam Holding executing Khozam District project, channeling Group's capabilities into real estate, hospitality, and cultural destinations.
• Al-Fanar Contracting CompanysupportingImplementation/ SI/ Consulting PartnerContracting company executing construction works for Tilal Homes in Dammam project, beginning foundation work for first phase.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Dar Al Arkan Real Estate Development: Largest publicly listed Saudi real estate developer of integrated residential and mixed-use communities. Comparable in product category, master-planning scale, and Saudi domestic focus.
• ROSHN: Saudi government-backed residential developer (PIF-owned) delivering large-scale integrated communities under Vision 2030 with similar Sakani-aligned sales motion. Closest direct competitor in the Saudi build-to-sell community space.
• Jabal Omar Development Company: Saudi mixed-use and hospitality developer focused on Makkah/Madinah pilgrimage and residential projects. Highly comparable on Madinah exposure (Tilal's Al-Mukaimen) and integrated city-scale master planning.
• Al Akaria (Saudi Real Estate Company): Publicly listed Saudi real estate company developing residential and commercial land/plots. Directly comparable in Saudi-domestic land development and residential community focus.

Broad incumbents

• Emaar Properties: UAE-based global mega-developer of master-planned residential and mixed-use communities. Comparable in mixed-use product design and Vision-aligned premium branding, though with broader geographic footprint.
• Majid Al Futtaim: UAE-based developer of mixed-use malls, hotels, and residential communities. Comparable in mixed-use asset composition (retail/hospitality/residential) and premium community master planning.
• Aldar Properties: Abu Dhabi-based major developer of integrated residential communities and mixed-use destinations. Comparable in Middle East premium community design and government-aligned development model.

Others

• Kingdom Holding Company: Saudi diversified holding with significant real estate interests including Kingdom Tower and mixed-use investments. Adjacent comparable as a major Saudi private developer/investor with Vision 2030-aligned projects.

Regional players

• Knowledge Economic City (KEC): Saudi developer of integrated knowledge-economy city in Madinah. Comparable in Madinah mixed-use residential-development focus and Saudi domestic master-planning approach.
• SEDCO Development: Saudi mixed-use real estate developer with Kingdom Tower / Jeddah Economic City exposure. Comparable in large-scale Saudi master-planning and mixed-use ambition, focused in different Saudi geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/tilalsa
• LinkedInlinkedin.com/company/tilalre
• Instagraminstagram.com/tilalsa
• Facebookfacebook.com/Tilal-Real-Estate-103772481567348

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Tilal Real Estate