Al Mazaya is widely recognized as one of the most important and highly thought-of real estate development companies in the Middle East market, with numerous impressive projects. The company came about through a belief in the need for strong, rigorous investment in the region, and has prevailed in creating and maintaining the trust of large-scale investors in the Kuwaiti market and abroad.
The company was established in 1998 and started operation as Al Mazaya Holding Company in 2004 with a paid up capital of KD 15 million to reach KD 68.9 - approximately $243,036,000 million . Al Mazaya is a publicly-traded company dually listed on both the Kuwait and Dubai Stock Markets. Al Mazaya provides various comprehensive real estate products and services in several fields, among them housing projects such as deluxe villas and high-class residential buildings, commercial projects such as office and retail buildings, and health projects such as medical centers. Al Mazaya also handles the purchasing and apportionment as well as the development of large spaces in selected areas.
Al Mazaya is engaged in several other real estate fields, such as purchasing, ownership, and selling of land and its development for the company inside and outside of Kuwait. Furthermore, Al Mazaya handles the management of third parties’ properties and management, operation and investment, leasing and rent of hotels, health clubs, recreational parks, gardens, exhibition grounds, restaurants, residential and commercial complexes, and tourist and health resorts.