Salam Bounian

Name

Salam Bounian

Legal name

Salam Bounian Development Company

Website

https://salam-bounian.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Nonresidential Building Construction (2362), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

akta.pro secondary industries

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), Commercial/Office Owners Association Management (BPAJAHAG)

Keywords

• Luxury real estate development
• Property investment
• Commercial real estate
• Mixed-use development
• Hospitality development

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Developing and managing owned real estate projects including residential towers, commercial office buildings, and mixed-use luxury destinations. Revenue generated through property sales, leasing, and rental income.
2. Property Management Services: Managing properties through subsidiaries like GFM (facility management joint venture) and New Image Building Services. Services include property facilities management, value engineering audits, and technical studies.
3. Serviced Office Operations: Operating premium serviced offices through Salam Globe Business Centre at The Gate Mall, providing furnished executive office suites, meeting rooms, and boardrooms with flexible terms.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Salam Bounian Development Company is a Qatar-based real estate development and investment firm that develops, owns, and manages luxury residential towers, commercial office spaces, mixed-use retail destinations, and boutique hotels across the MENA region. The company directly develops and manages its own projects, co-develops properties with strategic partners, and operates facilities management and serviced office subsidiaries that support its portfolio.

Product overview

Salam Bounian is a real estate development and investment company offering a portfolio of distinct property products across residential, commercial, hospitality, and mixed-use segments. The company's core developments include The Gate Mall (luxury retail and entertainment destination in West Bay), Jumana Tower (premium residential at The Pearl), Salam 4 (smart commercial offices in Lusail), The Blues Tower (luxury waterfront residences in Lusail), and Le Gray Hotel (5-star boutique hotel in Beirut). The company also operates subsidiaries including Salam Globe Business Centre (premium serviced offices), New Image Building Services (facilities management), GFM (facilities management joint venture), and Solidere International (regional real estate development). Services include developing and managing own projects, co-developing properties with strategic partners, and managing real estate franchise concepts.

Differentiator

Problem solved

Functional benefit

Brands

• Salam Globe Business Centre: Premium serviced offices provider operating in West Bay, Doha at The Gate Mall, Tower II
• New Image Building Services Gulf States
• GFM

Products and services

• The Gate Mall A luxury mixed-use destination in West Bay, Doha featuring luxury fashion brands, lifestyle furniture shops, F&B destinations, jewelry showroom, and family entertainment amenities across multiple floors. Targets luxury retail tenants and consumers in the West Bay district.
• Jumana Tower A 28-floor residential tower at The Pearl, Doha with 250 unique residential apartments overlooking Porto Arabia marina. Features 4 floors of parking, 1 mezzanine floor, 1 amenity floor, 20 floors of exclusive residential apartments, and 2 rooftop floors with luxurious finishes and value-added services.
• Le Gray Hotel A 5-star boutique hotel in downtown Beirut, Lebanon, rising 7 floors with views over the sea and Sannine Mountains. Features include a rooftop swimming pool, terrace restaurant, sky bar, cigar lounge, and proximity to retail shopping. Targets business and leisure travelers.
• Salam 4 Four interconnected office towers at the Marina District in Lusail city featuring fully equipped smart commercial offices with the latest commercial technology, outstanding facilities, conveniences, and retail shops. Targets international companies seeking premium office space.
• The Blues Tower A high-end residential apartment development on a 4,066 sqm land plot at Lusail waterfront district, offering comfortable luxury living spaces and world-class amenities in a tranquil atmosphere.
• Salam Globe Business Centre Premium serviced offices located in The Gate Mall, Tower II, Levels 7 & 8 in Doha's West Bay, totaling 2,800 square meters with 102 offices. Offers executive-style office suites, meeting rooms, and boardrooms with flexible terms, licensed by QFC and Ministry of Commerce & Industry.
• New Image Building Services Gulf States Wholly-owned subsidiary established in Qatar in 2010 providing multi-disciplined building services to the property industry, including service management, maintenance, procurement, and facilities management consultancy, with adherence to health, safety, and environmental standards.
• GFM (Gulf Facilities Management) Joint venture between Salam Bounian and Dr. Sasse Facility Management in Berlin, Germany, specializing in property facilities management, value engineering audits, and technical studies for real estate projects. Salam Bounian owns 51% of shares.

Named customers2 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• Solidere International CompanycoreStrategic or Co-development Partner · 1 January 2007Salam Bounian took a strategic stake in Solidere International Company during 2007. Solidere identifies, invests in, develops, manages, and markets real estate projects across the MENA region. In partnership with the Government of Ajman, Solidere has initiated a large development project in the Emirate of Ajman (UAE) and two further projects near Cairo, Egypt. The company also announced incorporation of Solidere Saudi Arabia for Saudi-based projects.
• Government of AjmancoreStrategic or Co-development PartnerGovernment of Ajman partnered with Solidere International (in which Salam Bounian holds a stake) to initiate a large development project in the Emirate of Ajman, UAE.
• Dr. Sasse Facility Management (GFM)coreStrategic or Co-development PartnerGFM is a joint venture between Salam Bounian and Dr. Sasse Facility Management based in Berlin, Germany. Salam Bounian owns 51% of its shares. The company specializes in property facilities management (managing, securing, cleaning, maintaining projects), preparation of value engineering audits, and technical studies for real estate projects. GFM is known internationally for its technical expertise.
• New Image Building Services Gulf States, LLCcoreOthersEstablished in Qatar in 2010 as a 100% subsidiary of Salam Bounian Development Co. and member of Salam International Investment Ltd (SIIL). Provides multi-disciplined skills to the property industry including end-to-end solutions for facilities management, maintenance, procurement, and consultancy services across various sectors in the GCC.
• Salam Globe Business CentrecoreOthersSalam Globe Business Centre was established in 2013 as a quality provider of premium serviced offices for Qatar's emerging market. Located in West Bay at The Gate Mall, Tower II, Levels 7 & 8, totaling 2,800 square meters with 102 offices. Approved for license from QFC and Ministry of Commerce & Industry.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Solidere: Lebanese master developer of Beirut Central District (where Le Gray sits). Directly relevant given Salam Bounian's stake in Solidere International and overlap in Beirut luxury real estate.
• Jabal Omar Development: Saudi-listed developer of large mixed-use luxury hospitality and residential projects near Makkah. Comparable as a GCC luxury/mixed-use developer in a different geography.
• Dar Al Arkan Real Estate Development: Saudi-listed developer of luxury residential, commercial, and hospitality projects. Comparable developer profile operating in a different GCC geography with similar luxury positioning.
• Aldar Properties: Abu Dhabi-listed developer of mixed-use, residential, and education/healthcare real estate. Comparable MENA luxury/mixed-use developer operating in a different GCC capital.

Broad incumbents

• DAMAC Properties: Dubai-based luxury residential and branded-homes developer. Highly comparable product positioning (upper-premium apartments, mixed-use, hospitality).
• Emaar Properties: UAE-headquartered regional developer with luxury residential, mall, and hospitality projects across the GCC and globally. Comparable as a larger MENA luxury/mixed-use developer.

Direct peers

• Qatari Diar Real Estate Investment Company: State-backed master developer of Lusail City and flagship mixed-use projects in Qatar. Directly comparable as a Doha-headquartered developer of premium and large-format real estate.
• Barwa Real Estate: Qatar-listed developer of large-scale residential, commercial, and mixed-use communities (e.g., Lusail, Barwa City). Closest direct peer in Doha with similar asset mix and luxury-segment positioning.
• United Development Company (UDC): Master developer of The Pearl-Qatar island, where Salam Bounian's Jumana Tower sits. Highly comparable product mix (luxury residences, retail, marinas) and Qatari-listed status.
• Msheireb Properties: Doha-based developer of Msheireb Downtown Doha, a premium mixed-use district. Comparable in developing luxury-grade mixed-use destinations within Qatar.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/salam-bounian-development-company-p-s-c-

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Salam Bounian