Dar Al Majed Real Estate Company (Almajdiah) engages in property development and real estate services in Saudi Arabia, with subsidiary and project activity extending to the Riyadh region and selected international markets. The company focuses on integrated residential, commercial, and mixed-use developments, offering development management, project implementation, and property-related services to investors, developers, and end-users.
Main products and services: end-to-end real estate development; master planning and design coordination; construction and project management; on-site supervision and delivery of residential, retail, and industrial facilities; off-plan and on-site sales; property leasing and management; asset and property portfolio management; tenant placement and leasing administration; value-add services including lifecycle property maintenance, facilities management, and tenancy compliance; advisory services for development feasibility, market analysis, and investment structuring; brokerage and sales support for residential and commercial units; after-sales and customer support.
Latest major company changes: enters strategic partnerships and joint ventures to develop large-scale residential projects in Riyadh; signs real estate development agreements with investment funds to advance multi-tower residential and mixed-use schemes; opens new sales centers and retail touchpoints to support off-plan and completed unit sales; expands portfolio through new residential villa communities and off-plan development programs; undergoes ongoing reorganizations to optimize project delivery, financing, and governance structures; increases footprint through expansion into regional markets and enhanced property management capabilities.
Industry context and markets: operates in Saudi Arabia’s real estate development and property services sector, with emphasis on residential communities, premium housing, and mixed-use urban developments; targets institutional investors, fund managers, developers, and end-users seeking integrated development, sales, and property management solutions; geographic focus primarily in Riyadh, with ancillary activity in other Saudi markets and select international engagements.
Founding year and headquarters: founded in 2014; headquartered in Riyadh, Saudi Arabia.
Subsidiaries and parent relationships: operates under the Almajdiah corporate umbrella with project-specific entities and funds, aligned with strategic real estate investment and development initiatives.