Al Mazaya

What Al Mazaya does

Al Mazaya Holding Company K.S.C.P. is a publicly listed Kuwaiti real estate development holding company founded in 1998 and operating since 2004. The company is dually listed on Boursa Kuwait (since 2005) and Dubai Financial Market (since 2006) under ticker KSE:MAZAYA, with a paid-up capital of KD 52.6 million (approximately USD 171.9 million) and total assets of KD 126.95 million as of end-2025. Headquartered in Kuwait City with a regional headquarters in Dubai's Jumeirah Lake Towers, Al Mazaya operates across 9 countries spanning Kuwait, UAE, Bahrain, Saudi Arabia, Oman, Qatar, Lebanon, and Turkey.

The company operates a vertically integrated real estate platform spanning seven core service lines: real estate development, marketing and sales management, project management, property management, Al Mazaya Royal Brokerage, portfolio management, and Al Mazaya Research. Its product portfolio spans residential (Skygardens in Dubai DIFC, Mazaya Villas), commercial (Mazaya Towers, Mazaya Business Avenue), and a healthcare vertical anchored by eight Mazaya Clinic towers (III through VIII) and the Wara Hospital in Kuwait. Notable technology includes investor relations and CRM mobile applications, plus the proprietary Mazaya Real Estate Index — a market-trend indicator covering all GCC countries. The company holds 13 wholly-owned subsidiaries covering development, facilities management, and medical services.

Al Mazaya's revenue model is primarily rental-driven, with FY2025 revenues of KD 11.88 million (approximately USD 38.5 million), of which KD 11.27 million was generated from leasing operations. The remainder is earned through property sales, brokerage commissions, and property management fees. Distribution runs through direct sales offices in Kuwait and Dubai, the Royal Brokerage subsidiary, and participation in regional real estate exhibitions. The company maintains a sales-led go-to-market motion targeting institutional real estate investors, healthcare operators, and commercial tenants across the GCC.

Name

Al Mazaya

Legal name

Al Mazaya Holding Company K.S.C.P.

Website

https://mazayaholding.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Al Mazaya is a publicly listed Kuwaiti real estate developer (Boursa Kuwait, DFM) operating across 9 GCC countries plus Turkey and Lebanon, providing integrated real estate development, property management, brokerage (Royal Brokerage), and a specialized healthcare-real-estate vertical with eight clinic towers and a hospital. FY2025 revenue was KD 11.88 million (USD ~38M).

Ownership category

akta.pro rank

Headquarters

HQ city

Safat

HQ country

Kuwait

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Sales Revenue: Revenue generated from the sale of developed real estate properties including residential, commercial, and healthcare projects
2. Rental/Leasing Revenue: Recurring rental income from owned properties including commercial towers, residential units, and medical facilities
3. Property Management Fees: Fees earned from managing third party properties and facilities
4. Brokerage Commissions: Commissions earned through Al Mazaya Royal Brokerage for real estate transactions

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Al Mazaya is a real estate holding company that develops, sells, leases, manages, and brokers residential, commercial, and healthcare real estate properties across the GCC and Turkey. Its core service lines include Real Estate Development, Marketing & Sales Management, Project Management, Property Management, Al Mazaya Royal Brokerage, Portfolio Management, and Al Mazaya Research, supported by a portfolio of completed and ongoing projects such as Mazaya Towers, Skygardens (Dubai), Mazaya Clinic III–VIII towers, Wara Hospital, and Ritim Istanbul.

Product overview

Al Mazaya is a widely recognized real estate development company with operations in Kuwait and Dubai, offering a diversified portfolio of real estate products and services. The company provides seven core service lines: Real Estate Development, Marketing & Sales Management, Project Management, Property Management, Al Mazaya Royal Brokerage, Portfolio Management, and Al Mazaya Research. The product portfolio includes residential projects (Skygardens in Dubai, Mazaya Villas), commercial projects (Mazaya Towers, Mazaya Business Avenue), and a significant healthcare real estate division featuring eight medical clinic towers (Mazaya Clinics III through VIII, plus Wara Hospital) across Kuwait, all offering multi-specialty clinic spaces. The company also has regional projects across GCC including Turkey (Ritim Istanbul), Qatar, Oman, Bahrain, Saudi Arabia, Abu Dhabi, and Lebanon. Al Mazaya operates through subsidiaries including Seven Zones Real Estate Co. (Kuwait), Al Mazaya Real Estate and Al Dana Real Estate Limited (Dubai), and Mazaya Lebanon Holding.

Differentiator

Problem solved

Functional benefit

Brands

• Mazaya Clinic: Medical/healthcare tower brand including multiple clinic facilities (Clinic III, IV, V, VI, VII, VIII) in Kuwait
• Ritim Istanbul
• Skygardens
• Mazaya Towers
• Clover Center

Products and services

• Real Estate Development

Quantifiable outcome

• Achieved total operating revenues of KD 11.88 million by end of 2025
• +4 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

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• DumankayacoreStrategic or Co-development PartnerJoint venture partnership for Ritim Istanbul project - Al Mazaya's first project in Turkey located on the Asian side of Istanbul. The project spans 39,000 m2 with 6 towers serving residential, office, and commercial sectors.
• Injaz KuwaitminorGTM or Marketing PartnerCSR partnership to provide training to 1000 high school and university students through Injaz's flagship program contributing to creating qualified generations for the future job market.
• The ProtegesminorGTM or Marketing PartnerAnnual interactive programme encouraging young Kuwaitis to unlock their potential, discover their passion, and become active members of society in line with Kuwaiti leadership's vision to support youth.
• Loyac FoundationminorGTM or Marketing PartnerArt appreciation and support through sponsorship of Clover Center Festival including family entertainment activities, performances, and music played by Loyac members.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Emaar Properties PJSC: UAE-listed flagship developer behind Downtown Dubai, Dubai Marina, and large international projects. Operates at a much larger scale than Al Mazaya but is comparable in GCC-centric residential/commercial development and listed real estate developer business model.
• Aldar Properties PJSC: Major Abu Dhabi-listed real estate developer and asset manager with diversified residential, commercial, retail, and hospitality projects across the UAE and select international markets. Larger and broader than Al Mazaya, but overlapping in mixed-use GCC development and recurring rental income.
• DAMAC Properties: Dubai-based, Dubai Financial Market-listed luxury real estate developer active across the UAE and broader region. Larger than Al Mazaya but comparable in listed-developer status, GCC residential and commercial focus, and reliance on GCC real estate cycles.
• Dar Al Arkan Real Estate Development Company: Saudi-listed real estate developer operating across residential, commercial, and mixed-use segments primarily in Saudi Arabia with GCC exposure. Comparable in Gulf-listed developer profile and multi-segment property strategy, though concentrated in the Saudi market.
• Kuwait Projects Company (KIPCO) - K.S.C.P. Major Kuwaiti holding company with significant real estate exposure through subsidiaries. Overlaps with Al Mazaya as a diversified Kuwait-listed entity with real estate and property management activities, though KIPCO operates more broadly across financial services and media.

Direct peers

• United Real Estate Company K.S.C. (URC): Kuwait-listed real estate developer and investor with operations across the GCC and broader MENA region, focused on mixed-use, residential, and commercial assets. Closely comparable to Al Mazaya in scale, Kuwait listing, and regional GCC development focus.
• National Real Estate Company K.S.C. (NREC): Kuwait-based real estate developer and investor focused on residential, commercial, and hospitality assets across the MENA region. Comparable to Al Mazaya in Kuwaiti listing, GCC/MENA geographic mandate, and diversified property strategy.
• Kuwait Real Estate Company K.S.C. One of the oldest Kuwaiti real estate companies, operating in property development, investment, and management within Kuwait and the broader Gulf. Comparable in scale, public-market structure, and core real estate development/leasing activity to Al Mazaya.
• Mabanee Company K.S.C.P. Kuwaiti-listed real estate developer best known for The Avenues mall, with diversified commercial and mixed-use projects across Kuwait and the GCC. Closely comparable to Al Mazaya in terms of Kuwaiti domicile, public-listing structure, GCC expansion strategy, and a mix of recurring lease income with project development.
• Gulf Real Estate Co. K.S.C. Kuwait-based real estate developer and investor with residential, commercial, and investment property activities across the GCC. Comparable to Al Mazaya in Kuwaiti-domiciled public real estate development and leasing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mazayaholding
• Facebookfacebook.com/mazayaholdingco
• LinkedInlinkedin.com/company/al-mazaya-holing-co-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries13 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 Al Mazaya