Mazaya Qatar
Mazaya Qatar is a Doha-based, Sharia-compliant public real estate developer listed on the Qatar Stock Exchange. It develops, sells, leases, and manages residential and commercial property in Qatar, serving government, institutional, and individual buyers with an asset-heavy project pipeline centered on Lusail-area luxury towers and the Sidra Village BOT.
- Company typePublic
- Founded2008
- HeadquartersDoha, Qatar
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Mazaya Qatar does
Mazaya Real Estate Development Company (Q.P.S.C.) is a Doha-based Qatari public shareholding company founded on January 10, 2008, and listed on the Qatar Stock Exchange since October 2010 with paid-up capital of QAR 1 billion distributed over 1 billion shares at QAR 1 nominal value. The firm develops, sells, leases, and manages residential and commercial real estate in strict adherence to Islamic Sharia principles, and its largest shareholder is the Qatar Investment Authority, which controls 21.19% of shares (211,859,488 shares). Its flagship asset is the Sidra Village BOT project for Qatar Foundation, comprising 1,165 residential units across 145,000 square meters under a 21-year Build-Operate-Transfer arrangement, complemented by Tala Residence (346 units, completed 2012), AlSadd Buildings (155 units), Muaither Compound (42 villas rented to Hamad Medical Center), and two Lusail waterfront towers in development: VOYA Tower (119 units, partnered with Namaa Real Estate Development) and VERA Tower (91 units), both targeting 2026 completion, plus Musaimeer Buildings launched in 2024.
The business operates four core service lines: real estate investment, general contracting for new construction and renovations, residential complex management, and building maintenance, generating revenue through a mix of one-time property sales, recurring rental income (notably the Hamad Medical Center lease on Muaither Compound), and contract-based project fees. Customer concentration tilts toward state-linked and institutional clients — Qatar Foundation anchors the longest-tenure revenue stream, while Hamad Medical Center provides institutional rental stability — alongside a long tail of individual buyers purchasing units off-plan and stock-market investors trading the QSE-listed equity. Distribution relies on direct property sales via the corporate website, joint-venture partnerships with developers such as Namaa, and equity exposure through the Qatar Stock Exchange; marketing is handled through corporate communications, social media, and investor-relations conference calls.
The core operating model is asset-heavy project development with outsourced construction (e.g., the QAR 130 million Sidra Village contract awarded to China's Sinohydro and QInvest-arranged project financing), while the company itself remains lean at 11-50 employees focused on development oversight, asset management, and Sharia governance. Recent capital actions — a capital reduction disclosed in November 2023, the terminated Mackeen Holding merger in 2015, the February 2024 sale of the Gloria Doha Hotel, and simultaneous May 2026 land acquisitions in Al Sailiya and Fox Hills alongside the Golden Plaza disposal — point to active portfolio rationalization and pipeline rebuilding around premium Lusail-area residential product.
Mazaya Qatar firmographics
Firmographics- Name
- Mazaya Qatar
- Legal name
- Mazaya Real Estate Development Company
- Website
- https://mazayaqatar.com
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mazaya Qatar is a Doha-based, Sharia-compliant public real estate developer listed on the Qatar Stock Exchange. It develops, sells, leases, and manages residential and commercial property in Qatar, serving government, institutional, and individual buyers with an asset-heavy project pipeline centered on Lusail-area luxury towers and the Sidra Village BOT.
- Ownership category
- akta.pro rank
Mazaya Qatar industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Lessors of Residential Buildings and Dwellings (53111), Land Subdivision (2372)
- SIC
- Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), 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
- Multifamily Apartment Property Management (BPAJAFAA)
Keywords
Where Mazaya Qatar is headquartered
LocationHeadquarters
- HQ city
- Doha
- HQ country
- Qatar
- HQ region
- Middle East
Offices2 records
Markets served
Mazaya Qatar business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Property Sales: Revenue generated from selling residential and commercial properties developed by the company. Properties include apartments, villas, and residential towers offered for sale to end-users and investors.
- Property Rental: Recurring rental income from owned properties leased to tenants. Examples include Muaither Compound rented to Hamad Medical Center for three years starting September 2021.
- Real Estate Investment Services: Services including building, buying, selling, or operating residential and commercial real estate for clients and investors using the company's customer base and market expertise.
- General Contracting: Construction and building services for new construction and renovation projects, completed through excellence, communication, and care.
- Residential Complex Management: Project management specialty services for residential complexes ensuring high-quality projects on time and within budget.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Publicly traded shares on Qatar Stock Exchange |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Mazaya Qatar product offering
Product offeringCore offering
Mazaya Real Estate Development is a Sharia-compliant Qatari public shareholding company that invests in, develops, constructs, and manages residential and commercial real estate. Its portfolio includes four core service lines (Real Estate Investment Services, General Contracting for Buildings, Residential Complex Management, and Building Maintenance Works) supported by a tangible project pipeline of residential towers, compounds, and housing villages across Qatar, with flagship projects in Lusail, Mesaimeer, AlSadd, and Fox Hills.
Product overview
Mazaya Real Estate Development is a Qatari public shareholding company operating as a Sharia-compliant real estate investment and development firm. The company offers a portfolio of four core services: Real Estate Investment (building, buying, selling, operating residential and commercial properties), General Contract For Buildings (new construction and renovations), Residential Complex Management (project management for residential complexes), and Building Maintenance Works. The company's project portfolio includes multiple residential developments: VOYA Tower and VERA Tower (luxury towers in Lusail waterfront, completion 2026), Musaimeer Buildings (two-bedroom units with commercial spaces), Sidra Village (1,165-unit village developed under BOT for Qatar Foundation), Muaither Compound (42 villas rented to Hamad Medical Center), Tala Residence (346-unit compound developed in 2012), and AlSadd Buildings (155 units in Al-Sadd area). The company was established in 2008 and listed on Qatar Stock Exchange in October 2010.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Investment Services Services for building, buying, selling, or operating residential and commercial real estate for clients and investors, leveraging a large customer base to identify business opportunities in the Qatari market under Sharia-compliant structures.
- General Contracting for Buildings New construction and renovation services for buildings, managing projects from initial vision through completion with a focus on excellence, communication, and safety. Includes execution of flagship projects such as the 1,165-unit Sidra Village under a QAR 130 million construction contract awarded to Sinohydro Corporation.
- Residential Complex Management Project management specialty services for residential complexes, ensuring high-quality delivery of projects on time and within budget for property owners, residents, and institutional clients.
- Building Maintenance Works Building maintenance services covering all aspects of property care to support resident comfort and extend building lifespan across Mazaya's residential and commercial portfolio.
- VOYA Tower Luxurious residential tower developed on the Lusail waterfront in partnership with Namaa Real Estate Development. Contains 119 residential units ranging from 1-4 bedrooms and chalets, with amenities including outdoor activities, swimming pools, gym, health club, and direct beach access. Scheduled for completion in 2026.
- VERA Tower Modern residential tower in Lusail city with panoramic views. Features 91 residential units across 14 floors plus 2 penthouse floors, offering 1-2 bedroom options with balconies, outdoor activities, swimming pools, fitness club, and children's play area. Scheduled for completion in 2026.
- Musaimeer Buildings Residential buildings in the Mesaimeer area, each consisting of 30 two-bedroom residential units plus commercial spaces serving residents and the surrounding neighborhood.
- Sidra Village Large-scale residential village developed for Qatar Foundation under a 21-year Build-Operate-Transfer (BOT) scheme. Contains 1,165 residential units covering 145,000 square meters with fully furnished units, mosque, sports complex, swimming pool, gymnasium, and outdoor playgrounds. Final handover received April 7, 2019.
- Muaither Compound 42-villa compound project in the Muaither area, rented to Hamad Medical Center under a three-year contract commencing September 21, 2021 to accommodate staff and medical professionals.
- Tala Residence Residential compound consisting of 346 residential units developed in 2012, with health club, swimming pool, various sports activities, and service facilities for residents.
- AlSadd Buildings 155 housing units comprising 2- and 3-bedroom apartments with swimming pool, two gyms (men and women), and parking for 165 cars. Located in the Al-Sadd area of Doha covering 6,659 square meters.
Quantifiable outcome
- 1165 residential units delivered through Sidra Village BOT project
- +2 more outcomes
Companies that use Mazaya Qatar
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Mazaya Qatar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mazaya Qatar partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, major and flagship.
- Namaa Real Estate DevelopmentcoreStrategic partnership for joint development of Voya Tower project on the waterfront in Lusail City. Through this collaboration, Mazaya and Namaa launched a luxurious residential tower with 119 units featuring modern design and waterfront views. The partnership combines Mazaya's real estate development expertise with Namaa's development capabilities.
- Hamad Medical CentermajorRental contract for Muaither Compound consisting of 42 villas. The three-year contract commencing September 21, 2021 provides recurring rental income to Mazaya. Hamad Medical Center utilizes the property to accommodate staff and medical professionals.
- Sinohydro CorporationmajorAwarded QAR 130 million construction contract to China's Sinohydro for construction of Sidra Village. Sinohydro is a leading Chinese construction company engaged in infrastructure and building construction projects.
- Qatar Foundation for Education and ScienceflagshipBuild-Operate-Transfer (BOT) partnership for development of Sidra Housing Village. The project contains 1165 residential units covering 145,000 square meters under a 21-year BOT arrangement. This is one of Mazaya's largest and most significant projects, developed to support Qatar Foundation's housing needs.
Scale indicators11 records
Recent moves8 records
Expansion highlights5 records
Mazaya Qatar competitors and assessment
Company assessmentRegional players
- DAMAC Properties: Dubai-listed luxury real estate developer of residential towers and master communities across the GCC and beyond. Comparable product mix of branded residential towers and luxury apartments, though operating in the UAE rather than Qatar.
- Aldar Properties: UAE-listed developer headquartered in Abu Dhabi, developing and managing large-scale residential and mixed-use communities. Comparable business model around master-planned communities, though focused on the UAE rather than Qatar.
- Dar Al Arkan Real Estate Development: Saudi-listed real estate developer of large-scale residential, commercial, and mixed-use projects. Comparable in developing master-planned residential communities and operating under Sharia-compliant financing structures.
- Mabanee Company: Kuwait-listed real estate developer and operator of large mixed-use and retail-led developments such as The Avenues. Comparable as a GCC-listed, Sharia-compliant real estate developer and asset operator targeting premium residential and commercial tenants.
Direct peers
- United Development Company (UDC): Qatari public shareholding company that develops and manages major mixed-use projects such as The Pearl-Qatar and Lusail. Operates the same Sharia-compliant investment model and is a directly comparable QSE-listed real estate developer.
- Ezdan Holding Group: Qatar's largest real estate holding company, owning and managing large residential and commercial property portfolios. Directly comparable as a QSE-listed, Sharia-compliant, multi-asset real estate operator and developer.
- Qatar Real Estate Investment Company (Alaqaria): Qatari public shareholding real estate company investing in and developing residential and commercial properties in Qatar. Same investor base, regulatory environment, and Sharia-compliant operating model as Mazaya.
- Al Rayan Investment - Real Estate: Qatari Sharia-compliant investment firm with significant real estate investment activities. Comparable as a domestic competitor pursuing similar Sharia-compliant property investment opportunities in Qatar.
- Barwa Real Estate Group: Qatar-listed real estate developer and investor with a comparable portfolio of residential, commercial, and mixed-use developments across Doha and Lusail. Directly comparable in scale, Sharia-compliant positioning, and QSE-listed capital structure.
Broad incumbents
- Emaar Properties: Largest listed real estate developer in the UAE with a much broader and more diversified portfolio of residential, retail, and hospitality assets across the Middle East. Comparable as a regional Sharia-aligned developer and a benchmark for GCC real estate peers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Mazaya Qatar social profiles
Digital presenceMazaya Qatar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mazaya Qatar leadership team
Management profileNumber of profiles
Profiles9 records
Mazaya Qatar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mazaya Qatar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mazaya Qatar
What does Mazaya Qatar do?
Mazaya Real Estate Development is a Sharia-compliant Qatari public shareholding company that invests in, develops, constructs, and manages residential and commercial real estate. Its portfolio includes four core service lines (Real Estate Investment Services, General Contracting for Buildings, Residential Complex Management, and Building Maintenance Works) supported by a tangible project pipeline of residential towers, compounds, and housing villages across Qatar, with flagship projects in Lusail, Mesaimeer, AlSadd, and Fox Hills.
Is Mazaya Qatar a public or private company?
Mazaya Qatar is a public company. It is classified as public and is currently operating.
When was Mazaya Qatar founded?
Mazaya Qatar was founded in 2008. It employs 11 to 50 people.
Where is Mazaya Qatar based?
Mazaya Qatar is headquartered in Doha, Qatar, in the Middle East region.
How does Mazaya Qatar make money?
Five revenue lines are on record. Property Sales are the primary driver. The others are property Rental, real Estate Investment Services, general Contracting and residential Complex Management.
Who are Mazaya Qatar's main competitors?
Regional players on record are DAMAC Properties, Aldar Properties, Dar Al Arkan Real Estate Development and Mabanee Company. Direct peers are United Development Company (UDC), Ezdan Holding Group, Qatar Real Estate Investment Company (Alaqaria), Al Rayan Investment - Real Estate and Barwa Real Estate Group. Emaar Properties is listed as a broad incumbent.
Does Mazaya Qatar have an API?
No public API is recorded for Mazaya Qatar.
What industry is Mazaya Qatar in?
Mazaya Qatar's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 236117 and its SIC code is 1531.