At Andalus property, we don't just develop buildings — we shape the
future with
innovative designs and unparalleled expertise in real estate. We
create modern,
sustainable, and high-value projects that serve the needs of
tomorrow's
communities today.
It is my honor, on behalf of the board of directors, to present to you the annual report of Andalus Property Company for the year 2024. This report highlights the relentless efforts made by the company to drive innovation in real estate development, contributing to sustainable growth and enhancing urban development in the Kingdom of Saudi Arabia.
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It is my pleasure to meet with you through our annual report for the year 2024, highlighting the most significant achievements our company has accomplished this year. These achievements would not have been possible without your continuous support and invaluable trust, which form the foundation of our journey and ongoing success.
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A concise overview of Alandalus property’s 2024 performance, milestones, and strategic objectives, a snapshot of our path to growth, innovation, and alignment with vision 2030.
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Innovation, and alignment with vision 2030, a concise overview of Alandalus property’s 2024 performance, milestones, and strategic objectives, a snapshot of our path to growth, innovation, and alignment with vision 2030. a concise overview of Alandalus property’s 2024 performance, milestones, and strategic objectives. a snapshot of our path to growth, innovation, and alignment with vision 2030.
Continuous improvement of operational performance and the development, management, and leasing of the company’s commercial centers, aiming to achieve the highest occupancy levels and the optimal tenant mix.
Acquiring, either fully or partially, other similar projects with outstanding performance or those that the company’s management believes will enable it to achieve exceptional performance.
Developing new commercial center projects, as well as projects in the hospitality and office sectors, in addition to mixed-use developments.
Building strategic partnerships with other investors to execute projects in the sectors where the company operates.
Leasing Yasmin Alandalus building to a government entity
Acquisition of wa Wared Al-Tamayuz real estate company
Commencement of work on Malqa Alandalus project on king Salman road in Riyadh
Opening of Alandalus mall expansion
Opening of DR. SL Habib medical servic Al-Fayha ho
Operating ultra-fast electric chargingt station at Hayat mall-in partnership with EVIQ (electric vehicle infrastructure company)
Signing a strategic partnership with yardi global to enhance the management of Alandalus property portfolio through the “vo ya ger” cloud platform
In Jeddah City, wholly owned by Al Ahli REIT 1 Fund, Which the company's ownership in the fund is 68.73%.
Jeddah
68.73%
In Riyadh City, wholly owned by Al Hayat Property Co., Which Alandalus Property Co. ownership in the company’s is 25%
Riyadh
25%
In Dammam City, wholly owned by Advanced Markets Co., Which Alandalus Property Co. ownership in the company’s is 50%.
Dammam
50%
In Jeddah City, wholly owned by Al Jawhara Al Kubra Co., Which Alandalus Property Co. ownership in the company’s is 25%.
Jeddah
25%
Located in Al-Sahafa district, north Riyadh, at the intersection of King Abdulaziz Road and Prince Nasser bin Saud Street, on leased land with a total area of 12,395 sqm (buildings and parking).
Riyadh
12,395 sqm
Located in Al-Malqa district, Riyadh, on leased land. Development works were completed in Q4 2014, and operations began in Q3 2015.
Riyadh
—
Located in Al-Yarmouk district, northeast Riyadh on Dammam Road, on leased land with a total area of 10,822 sqm (buildings and parking). Development was completed in Q4 2014, and operations began in Q2 2015.
Riyadh
10,822 sqm
In Riyadh City, wholly owned by
Alandalus Property Co.
Riyadh
100%
In Jeddah City, wholly owned by Al Ahli
REIT 1 Fund, Which the
company's
ownership in
the fund is 68.73%.
Jeddah
68.73%
In Riyadh City, Wholly Owned By Alandalus Property Co.
Riyadh
100%
In Riyadh City, Wholly Owned By Al Ahli Reit 1 Fund,
Which The Company’s Ownership In The Fund Is 68.73%
Riyadh
68.73%
In Jeddah City, wholly owned by Al Ahli
REIT 1 Fund, Which the company's
ownership in the fund is 68.73%.
Jeddah
68.7%
In Jeddah City, wholly owned by West Jeddah
Hospital
Company Co., Which Alandalus Property
Co. ownership in the
company’s is 50%.
Jeddah
50%
International Retail Sector Leaders Summit
Global PropTech Summit
Middle East Council of Shopping Centers (MECSC)
Future of Real Estate Forum
Saudi Retail Forum
This section highlights the key certifications and accreditations alandalus property has earned over the years, reflecting our commitment to quality, compliance, and industry excellence, it also showcases our active role in supporting and sponsoring initiatives that align with our values and contribute to the advancement of the real estate sector in saudi arabia.
Alandalus mall received the award for best commercial and retail project in the kingdom.
Hayat mall received the award for best com-mercial and retail project in the kingdom.
Alandalus property crowned the best real estate developer in the retail sector.
Alandalus property ranked among the top 20 companies in applying governance principles.
Hayat mall received the excellence award for performance improvement through the digital transformation.
Alandalus property ranked among the top 30 companies in applying governance principles.
Alandalus mall awarded innovation in entertainment events for live shows and events category, presented by the stevie awards for.
Alandalus mall received a certificate of achievement for the redesign and development of the food court area.
Discover our origins, objectives, leadership, and the values guiding our business and growth over the years.
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