AIMS Real Estate
The Kingdom of Saudi Arabia boasts the largest real estate market in the region, and AIMS Real Estate has identified this market as the ideal sector for investment. Traditionally, land trading has been the major focus of real estate activity in the Kingdom, with total land sales amounting to just under 400 billion SAR in 1435 (2014), according to the Ministry of Justice.
However, demand for actual real estate development is extremely high, driven by a 30.8m population. The demand for quality real estate developments similar to those in neighboring markets provides ripe business potential. Part of this demand has been spurred by the government’s ambitious development plan for the country which seeks to expand the non-oil economy and provide better housing, infrastructure and services to the population. The Saudi government is currently implementing massive infrastructure projects around airports and improving transportation to accommodate for the growing influx of pilgrims into Makkah from the current 12 million per annum to 50 million by 2050. These projects will subsequently create substantial real estate development opportunities in Makkah, Madinah and Jeddah.
While the opportunities in the country’s current real estate market are exciting and promising, it also presents an inviting challenge to the local industry professionals to transition quickly and effectively from land development to real estate development. It’s a challenge we, at AIMS, are eager to facilitate.
In light of these progressive times, AIMS Real Estate is committed to being a significant player in the KSA real estate market. In our 50 years of experience, the focus has been mainly on land trading and land development, but we have recently started the journey to becoming one of the top real estate developers in KSA.
What We Offer:The core vision of AIMS is to focus on a small range of real estate asset classes and to gain recognition as a leading developer, always delivering quality projects that surpass the expectations of our valued customers. Below is what we currently have to offer:
o Offices: Class A and B
o Hospitality: 3 & 4-Star Hotels and Pilgrim Accommodation
o Residential: Medium to High-End Residential Apartments and Villas
- Real Estate Management Services:
o Portfolio Management: AIMS Real Estate has built strong land trading (buying and selling) capabilities and maintained a stable land bank.
o Property Development: AIMS Real Estate has excelled in land development with a focus on diversifying its built assets (leasing and/or sales) and redevelopment of others.
o Operation Management: AIMS Real Estate provides customized operation services (property and facility management & lease administration).
With the above expertise, AIMS Real Estate seeks to develop its own projects as well as to offer development services to land owners and real estate investors in the future.
Our CustomersAIMS Real Estate is well-positioned in the market to service real estate investors, land owners, buyers, lessors and tenants within our target asset classes. Our customers are those who care about quality and service in the real estate business.
Since AIMS Real Estate became active in the real estate market during the late 1960s, the company has established a significant land and property portfolio. Our aim is to become a leading developer within 5 years. Over the years, AIMS has built a solid position in the office market, having developed the first grade A office building in the Eastern Province (Al Subeaei Tower), followed later by Business Gate in Dammam.
We also have a sizeable portfolio of hospitality assets in Makkah to serve the accommodation needs of pilgrims coming to the city. One of the most formidable achievements of AIMS was the recent launch of a specialized development company focused on a residential high-end lifestyle products for sale to end users. The first projects are already underway in Jeddah, Mekkah and Riyadh.
Based on its commitment to providing value-added services, AIMS Real Estate has established a facilities management company, which it hopes will eventually grow to become one of the best in the KSA real estate sector. In addition to this, AIMS Real Estate continues to expand its footprint, with a variety of additional, promising projects under development in Makkah, Jeddah and the Eastern Province.