Abyaar Real Estate Development Company (K.S.C.P.) (أبيار للتطوير العقاري) (Kuwait)

The Company operates in the real estate sector. The company is engaged in real estate development activities throughout the Middle East region and carries out its operations in accordance to Islamic Sharia principles. Its development projects include Acacia Avenues, which is a residential complex consisting of apartments and luxury houses located near the Jumeirah Beaches in Dubai, Olgana Residences is a residential building that provides 139 luxurious apartments; Hilliana Residences is a residential complex featuring a three story podium and a health club and Radisson SAS VQ, which is a residential complex consisting of 152 luxury apartments, retail outlets, restaurants, cafes, gymnasiums and swimming pools.
The principal activities of the Parent Company are as follows:Owing, selling and buying real estate and lands as well as developing them for the Company s account inside Kuwait and abroad, also managing properties for others without breaching the provisions stipulated in the existing laws that prohibit trading in private residential plots as stipulated in these laws, Owing, selling and buying shares and bonds of real estate companies only for the account of the Company inside Kuwait and abroad, Preparing studies and offering consultations of all kinds in the real estate fields, if only the required conditions are met by the parties that perform such services, Owing and managing hotels, health clubs, and touristic facilities as well as renting and leasing the same, Performing maintenance works related to buildings and real estate owned by the Company and others including maintenance work, execution of civil, mechanical, electrical, elevators and air conditioning work to ensure the protection and safety of buildings,. Managing, operating, investing in, renting and leasing hotels, clubs, motels, guest houses, parks, gardens, showrooms, restaurants, cafeterias, housing complexes, touristic and health resorts, recreational and athletic projects and stores of all degrees and levels, inclusive of all main and auxiliary services and the accompanying facilities and other necessary services, Organizing real estate exhibitions related to the Company s real estate projects in accordance with Ministry s applicable regulations, Holding real estate auctions as per the Ministry s applicable regulations. 9. Owing and managing commercial malls and residential complexes, Exploiting financial surpluses available to the Company by investing them in financial portfolios managed by specialized companies and entities, Direct contribution to develop the infrastructure for areas as well as residential, commercial and industrial projects using the BOT system (build, operate and transfer) and managing real estate facilities. The Parent Company carries out its activities in accordance with Islamic Sharia a principles.
The Company s Philosophy ; With a flair for the refined, Abyaar redefines luxury, creating signature buildings, each distinct and yet all built to the same principle of the highest standards, Starting with the selection of prime locations, some of the finest architects from around the world design an attractive master plan that enriches the skyline and complies with Dubai Municipality s Green Building standards, Our philosophy continues through the planning of the interiors, which are created by celebrated interior designers, using high-quality furniture and finishes installed by carefully selected contractors.
By paying attention to the requirements and tastes of our clientele, we have created detailed guidelines to ensure that every project meets our exacting standards of luxury and refinement, from the 5-star operators of our spas and common areas, to the specifications of the guest bathrooms.
The Company s Vision is Distinguish Abyaar Real Estate Development Company as a leader in the provision of exceptionally high quality real estate, recognized for contemporary design in the very best locations, and acknowledged as an organization which is committed to customer satisfaction. By achieving this, Abyaar benefits shareholders, customers and the landscapes in which it operates - building equity whilst creating successful communities.
The Company s Mission is ; Absolute commitment to a comprehensive quality, Ensuring excellence in all our operations, Constant quest for the best in the design and selection of construction sites, Creation of innovative projects that meet the value and ensure customer satisfaction, Enter into partnerships based on mutual trust and shared values, Work in a comprehensive perspective to building and increase the value of investment, Attention to small details and customer requirements.
The Company develops residential, commercial, retail and hospitality projects, using accomplished external and interior architects to create an unparalleled boutique product.
The company has been established on May 26, 2002 under name Ohod Al Kuwait General Trading and Contracting Co.L.L.C and changed its name to Abyaar Real Estate Development Co. K.S.C.C on May 1, 2006.
The Company s registry no.41333.
The company was listed in Kuwait Stock Exchange on October 29, 2007.
The Company suspended from Kuwait Stock Exchange on 4 January 2021 due to not pay the annual subscription fee
The Company delisted from Kuwait Stock Exchange on 20 April 2021