Forbes impactful real estate leaders

Mohamed Alabbar, Founder and Managing Director of Emaar Properties tops the Forbes Middle East ‘Most Impactful Real Estate Leaders’ list, with total assets of $37.3 billion as of the end of September 2023. Emaar Properties is one of the largest publicly-listed real estate companies by assets in the GCC. 
Talal Al Dhiyebi, Group CEO of Abu Dhabi-based Aldar Properties has been placed second, with $19.3 billion total assets as of September 2023. NEOM CEO Nadhmi Al-Nasr is in the third place. 
The developers featured on this list represent nine countries in the region. The UAE leads with 33 companies on the list, six of which are in the top 10. 23 are headquartered in Saudi Arabia, followed by 20 in Egypt. 
Building for the future
The list spotlights the 100 innovation-driven regional developers building for the future. The ranking was developed based on the company’s financials, the value of projects completed, projects under construction, the reputation of project delivery, and the size of the landbank and units held by the developer. 
Operating for over 118 years, Egypt’s Heliopolis Company for Housing and Development is the oldest entry. Founded in 1906, CEO and Managing Director Sameh El Said was appointed to his current position in August 2023. In the first nine months of 2023, the company recorded total assets worth $146.7 million and revenues worth $12.9 million. In contrast, Bahrain’s Infracorp, led by CEO Majed Abdulla Al Khan, is the youngest listee established in 2022. It amassed $26.9 million in net profits and had total assets of $1.6 billion, by the end of September 2023. 
Top 10 Most Impactful Real Estate Leaders in The Middle East 2024
Mohamed Alabbar
Founder & Managing Director, Emaar Properties 
Country: UAE
Established: 1997
Talal Al Dhiyebi
Group CEO, Aldar Properties
Country: UAE
Established: 2005
Nadhmi Al-Nasr
Country: Saudi Arabia
Established: 2019
Hesham Al Qassim
CEO, Wasl 
Country: UAE
Established: 2008
Abdullah bin Hamad Al Attiyah
CEO, Qatari Diar 
Country: Qatar
Established: 2005
Hussain Sajwani
Founder & Chairman, DAMAC Properties
Country: UAE
Established: 2002
David Grover
Group CEO, ROSHN Group 
Country: Saudi Arabia
Established: 2020
Naaman Atallah 
Group CEO, Nakheel
Country: UAE
Established: 2001
Hisham Talaat Moustafa
CEO & Managing Director, Talaat Moustafa Group Holding  
Country: Egypt
Established: 1970
PNC Menon
Founder & Chairman, Sobha Realty  
Country: UAE
Established: 1976. --TradeArabia News Service