Artar Real Estate Development

Name

Artar Real Estate Development

Legal name

Artar Real Estate Development LLC

Website

https://artar.ae

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (2361)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Luxury / High-End Home Construction (IMAFABAJ)

Keywords

• Luxury residential development
• Real estate construction
• Property development services
• Downtown Dubai apartments
• Construction contractor

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Property Sales: ARTAR Real Estate Development generates revenue through the sale of residential properties, specifically luxury apartments at Mada Residences in Downtown Dubai. Revenue is realized upon property transfer/sale to buyers - one-time transaction-based model.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Artar Real Estate Development develops and sells luxury residential real estate, primarily through its flagship Mada Residences project in Downtown Dubai. The company offers 1, 2, 3, and 4-bedroom apartments designed around a 'Livability' concept, featuring floor-to-ceiling glass, balconies, en suite bathrooms, and spacious walk-in closets. It operates as the real estate development affiliate of Saudi conglomerate Abdulrahman Saad AlRashid and Sons Co. Group.

Product overview

Artar Real Estate Development is a real estate development company operating as an affiliate of Abdulrahman Saad AlRashid and Sons Co. Group. The company's primary product offering is Mada Residences, a luxury residential development in Downtown Dubai featuring 1, 2, 3, and 4-bedroom apartments. The development emphasizes family-centric livability with spacious layouts, floor-to-ceiling glass, balconies in every unit, and well-designed amenities.

Differentiator

Problem solved

Functional benefit

Brands

• Mada Residences: Luxury residential apartments located in Downtown Dubai offering 1, 2, 3, and 4-bedroom units designed with family-centric livability, featuring floor-to-ceiling glass, balconies, and spacious walk-in closets.

Products and services

• Mada Residences Luxury residential development of 1, 2, 3, and 4-bedroom apartments in Downtown Dubai, designed around a 'Livability' concept with floor-to-ceiling glass, balconies, en suite bathrooms, and spacious walk-in closets. Targeted at affluent individuals and families seeking spacious, family-centric living within walking distance of Dubai Mall.

Quantifiable outcome

• 1 Minute Walk Away from World's Largest Mall (Dubai Mall)
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Abdulrahman Saad AlRashid and Sons Co. Group (ASAR Group)flagship/parentStrategic or Co-development PartnerARTAR Real Estate Development is the real estate development arm of Abdulrahman Saad AlRashid and Sons Co. Group, a Saudi Private Conglomerate with over 60 years of regional construction excellence. The conglomerate is classified as an 'A' Class contractor by the Contractor's Classification Agency and comprises more than ten companies involved in Construction, Property Development, Agriculture, Mining, and Investment industries.

Scale indicators5 records

Recent moves1 record

Expansion highlights4 records

Emerging players

• Binghatti Developers: Fast-growing Dubai developer behind several branded-tower luxury launches in recent years. Comparable as an emerging Dubai residential player competing in the same luxury apartment segment targeting end-buyers and investors.

Direct peers

• Azizi Developments: Dubai-based residential developer with a large pipeline of mid-to-upper-market apartments across prime districts. Comparable as a UAE-focused apartment developer selling directly to end-buyers in Dubai.
• Omniyat: Dubai-based ultra-luxury residential developer (e.g., The Opus, One at Palm Jumeirah). Comparable as a niche luxury Dubai developer focused on design-led, high-end apartments and penthouses for ultra-HNWI buyers.
• Sobha Realty: UAE-based luxury residential developer (Sobha Hartland, etc.) with strong construction-backward integration. Comparable as a developer of premium apartments emphasizing quality construction and family-centric design.
• Emaar Properties: Dubai's largest listed developer, master developer of Downtown Dubai (Burj Khalifa, Dubai Mall adjacent) and operator of major residential brands. Directly comparable as a Dubai developer of luxury and premium residential apartments in Downtown-adjacent locations.
• DAMAC Properties: Dubai-headquartered luxury real estate developer known for high-end branded residences and Downtown Dubai towers. Comparable as a luxury-focused residential developer selling premium apartments to affluent end-buyers in the UAE.
• Meraas: Dubai holding-group developer behind City Walk, Bluewaters Island, and other lifestyle-led residential projects. Comparable as a Dubai luxury/lifestyle residential developer emphasizing design and prime locations.
• Nakheel: Major Dubai master developer behind Palm Jumeirah and numerous waterfront residential projects. Comparable as a Dubai-based developer of premium/luxury residential properties targeting affluent local and international buyers.

Regional players

• Dar Al Arkan Real Estate: Saudi-listed real estate developer and the property arm of a diversified Saudi conglomerate, focused on luxury residential in KSA with selective international projects. Comparable as a luxury residential developer backed by a Saudi diversified industrial conglomerate.
• Aldar Properties: Abu Dhabi's largest listed developer with growing Dubai footprint and luxury residential launches. Comparable as a UAE regional luxury residential developer operating across the Emirates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Artar Real Estate Development