Real Estate Investments
Since its establishment in 1999, A'ayan became known for its real estate investments. Currently the company has a diversified local real estate wallet with value exceeding 100 million Kuwaiti Dinars ($346 million). To realize the strategic expansion that A'ayan aims at in the real estate market, it conceived that the best way is to increase the level of specialization in the field of real estate investment through establishing and acquiring real estate companies. This strategy seeks to utilize specialized expertise and create entities that complement each other and provide more fruitful future opportunities.
A'ayan Real Estate Co. seeks to be one of most important players in the local market in its main activity, real estate development. A'ayan Real Estate offers many services in this regard for owners of local projects in Kuwait, in addition to managing real estate assets and construction projects of A'ayan Leasing and Investment Company.
A'ayan Real Estate Co. is known for its specialized team, which include excellent expertise and energies in the field of real estate development. The company exercises its business with high competence whether in its main activity or in its assets management. Moreover, the company manages moneymaking properties owned by A'ayan Leasing and Investment Company, First Real Estate Fund, and A'waed Fund, as well as other clients with high sufficiency achieving high occupancy rate and satisfactory returns for the owners.
The Avenue is one of A'ayan Real Estate Co. main projects. The Avenue will be built in Dubai city. It is composed of four office and business towers, in addition to shopping stores in one of the most distinguished locations in the heart of Dubai city. This project was acquired in cooperation with Bina and Nama Investment Company. A subsidiary company was established for this purpose, and it was named Al-Jaddaf Real Estate Company.
As far as the gulf area is concerned, there is Rikaz Real Estate Company; a subsidiary of A'ayan Real Estate Co. Rikaz is a company specialized in real estate development in the Kingdom of Bahrain. Some of Rikaz's projects include offices tower and a commercial complex that includes a shopping center and a residential complex for hotel services apartments; all these projects are well located in the Saif area.
Furthermore, A'ayan Real Estate Co. is developing local projects in Kuwait, such as new concepts residential towers. It is building Diyar Al-Sheab Marine residential tower, which is built upon four villas each composed of two floors; above it resides many floors of luxury residential apartments. Additionally, A'ayan Real Estate is building Diyar Al-Fintas residential tower, which is distinct for its western design residential apartments including an inner balcony "loft" dividing the salon on one and a half floors.
Hajar Tower Real Estate Company
A'ayan Real Estate Co. owns 31.5% of Hajar Tower Real Estate Company. This project, which is only a few steps away from the holy shrine of Ka'aba, in composed of 41 floors. Ten of these floors are reserved for the internationally renowned hotel Moveinpek. The hotel has 406 rooms and suites. Another 21 floors will be marketed in the form of 1288 residential units with hotel services, while the remaining floors will be used for services and the utilization of the original owner. Hajar Tower has many advantages in respect to its location and view, in addition to the other advantages related to Abraj Al-Bayt project, such as the shopping center, car parking, medical health center, and so forth.
A'ayan Leasing and Investment Company had led an alliance of a number of companies to acquire this project. Hence, Hajar Tower Real Estate Company was established for this purpose. A'ayan Real Estate Co. has a 31.5% share in the company, Ben Laden Group of Saudi Arabia has 25%, Commercial Real Estate Company 20%, Al-Masaa Real Estate Investment Company 16%, and Commercial Complexs Company 7.5%.
Hajar Tower Real Estate Company handles the tower marketing operations internationally in cooperation with Hajj and Omrah Group - Mashaer the exclusive sales agent in Kuwait, and Jewar Company the exclusive sales agent in Saudi Arabia.
Amlak Real Estate Financing Co.
Amlak Real Estate Financing Company was created to allow for more expansion in this activity through separation of Real Estate Department at A'ayan Leasing and Investment Company into an independent company. Amlak seeks to utilize its excellent expertise in real estate financing, an experience that made A'ayan one of the prominent financiers of large real estate transactions and ventures in the Kuwaiti market. Amlak continues this path of distinction by using flexible financing tools appropriate to market requirements such as financial leasing.
In addition to financing real estate ventures and investors, Amlak shows serious interest in financing individuals. Furthermore, Amlak maintains A'ayan's methodology in building luxury complexes and residential towers, financing residential apartments purchase with reasonable installments and attractive down payments to encourage vertical structural expansion and provide suitable alternative solutions for expatriates and residents through Lease to Own and Morabaha programs.
Abyar Real Estate Development Company
Abyar's objective is to invest in the real estate market of the UAE, especially in Dubai where the real estate market has many large and diversified promising opportunities. Abyar Real Estate Investment Co. has secured sizable projects, mainly a grand BOT system project on an area that is over 70 thousand squared meters for a period of 30 years. It includes a shopping center, office towers, in addition to residential towers and hotel apartment's towers.
Abyar has other projects in Dubai that includes Pier-8 and Pier-24 towers. Each of the two towers is being built on an area exceeds 4000 squared meters. One of the towers is 20 stories high and the second is 40 stories high. Moreover, there is a warehouse project and an offices project near the new cargo airport in Jabl Ali area. Additionally, there is the Acacia Gardens residential city development project at Al-Sofoh area that is composed of luxurious villas and apartments for costumers with higher financial blanket and high income.
Al-Masaa Real Estate Investment Co.
This company is the result of an alliance between A'ayan Leasing and Investment Company and Masha'er Group for Hajj and Omra Services. Masha'er has huge experience in the real estate market of the holy lands in Mecca and Madina. Al-Masaa Co. is currently targeting available promising opportunities, and other opportunities expected to become available in the future in those purified lands.
Al-Masaa Co. has participated in Hajar Tower Real Estate Co. by purchasing 16% of its shares, in addition to investing in the Hajar Tower itself through buying five floors in it. Al-Masaa Co. entry into Hajar Tower project came in order to take advantage of its expertise in real estate operations in the holy sanctuaries. Additionally, Al-Masaa Real Estate Investment Co. owns three hotels in the Holy Lands with great locations; it manages the operations of these hotels with high efficiency.
Insha'a Holding Company includes under its umbrella four companies, Al-Fadhala United Company, Bobyan Ready Mix Company, Bobyan Aggregate Company and Bulding Systems.
Al-Fadhala United Company produces high quality washed sand used in construction and building activities, and it owns two of the nine locations licensed for this purpose in the State of Kuwait.
As for Bobyan Ready Mix Company, it produces concrete according to the newest German technologies. The company fulfills the growing demand for concrete caused by the great prosperity in the construction materials market due to the accelerating structural movement. Bobyan Aggregate Company also serves the construction market by supplying Aggregate product.
Bulding Systems joined to Insha'a Holding Company subsidiary companies concurrent with the objective of forming a group of companies with complementing activities in the field of manufacturing and supplying construction materials. Insha'a Holding Co. and other A'ayan subsidiaries are considered an integrated system active in the fields of real estate development, management, construction, production and transportation of construction materials.