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.
Obtaining permits for selling units on the map for all residential building in Al-Jawhara project.
Acquisition of new lands for real estate development purposes.
Commencement of main construction works for the second phase of Al-Jawhara project.
Signing a financing agreement with a local bank to finance the company’s projects.
Opening the sales center for Al-Jawhara project.
Strategy partnership with a bank to manage the loyalty program for the “Yaza” platform.
Strategy partnership with a bank to manage the loyalty program for the “Yaza” platform.
Location
Area
Location
Area
Location
Area
Location
Area
Location
Area
Location
Area
Location
Area
Location
Area
Dammam
45,703
Riyadh
45,703
Dammam
45,703
Jeddah
45,703
International Retail Sector Leaders Summit
Global PropTech Summit
Middle East Council of Shopping Centers (MECSC)
Future of Real Estate 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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