- Business
- Urbi Desarrollos Urbanos Urbi, Desarrollos Urbanos, S.A.B. de C.V. S.A.B. de C.V. engages in the design, development, promotion, construction, and marketing of residential housing complexes primarily targeting low, middle, and high-income families in Mexico. The company operates through three main business lines: real estate development, which involves the design, construction, and sale of its own residential projects under brands including UrbiVilla, UrbiQuinta, UrbiHacienda, and UrbiClub; real estate construction, encompassing management and construction administration services for third-party residential projects; and plots, focused on the acquisition, subdivision, and sale of land for real estate developments. Founded in 1981 and headquartered in Mexicali, Baja California, the company maintains operations across northern Mexican states such as Baja California, Chihuahua, and others, extending to Querétaro, San Luis Potosí, and the State of Mexico, with subsidiaries including Ingenieria y Obras SA de CV and Obras y Desarrollos Urbi SA de CV. Recent financial reporting indicates net sales of approximately 6 million pesos and a net loss of 46 million pesos for the quarter ended September 2024, alongside a dividend payment in May 2024 and the release of its 2023 annual report in XBRL format in April 2024; the company emphasizes technological innovations such as UrbiNet for information management and UrbiNova for construction efficiency, while holding certifications in sustainable urban developments.