Alandalus Mall - Jeddah
Located in Jeddah and fully owned by Al Ahli REIT Fund (1). The project comprises 356 retail stores with a total leasable area of approximately 101,644 sqm, in which Alandalus Property Company holds a 68.73% ownership stake.
Driving Sustainable Growth, Creating Lasting Value
Discover our strategy, achievements, and investments that continue to strengthen our position as a leading real estate developer and support long-term value creation.
Our History & Growth
Discover our origins, objectives, leadership, and the values guiding our business and growth over the years.
Establishment
- Company established as a Saudi Joint-Stock Company
- Capital: SAR 238.9m
Alandalus Property was established in 2006 as a Saudi joint-stock company with an initial capital of SAR 238.9 million, laying the foundation for a diversified real estate investment platform focused on commercial centers and mixed-use developments across the Kingdom.
Company Snapshot
Capital base to a strong public market presence. These key indicators reflect our stability, growth, and commitment to delivering long-term value — whether you're an investor, partner, or stakeholder.
93,3M
Listed Shares
48%
Free Float
20Y
Years of Operation
2006
Established
Vision
To become the most prominent real estate developer specializing in creating exceptional projects, destinations, and landmarks by leading the transformation from shopping and business-focused destinations to spaces that enhance interaction and connectivity among individuals in Saudi Arabia.
Mission
To develop and operate a portfolio of unique and distinguished destinations that enhance guest, customer and community interaction through experiences that foster loyalty, increase visitation rates, and deliver sustainable value, ultimately achieving unparalleled growth.
Values
The Company distinguished by corporate values through which it strives to achieve its goals, as follows:
- 1.Ambition
- 2.Passion
- 3.Determination
- 4.Trust
- 5.Participation
Our Projects
Alandalus Property Company focuses on real estate development, investment, ownership, operation, and management across diversified real estate sectors.
Hayat Mall - Riyadh
Located in Riyadh and fully owned by Al Hayat Real Estate Company. The project comprises 355 retail stores with a total leasable area of approximately 90,714 sqm, in which Alandalus Property Company holds a 25% ownership stake.
Dareen Mall - Dammam
Located in Dammam and fully owned by Advanced Markets Company. The project comprises 245 retail stores with a total leasable area of approximately 47,703 sqm, in which Alandalus Property Company holds a 50% ownership stake.
The Village Mall - Jeddah
Located in Jeddah and fully owned by Al Jawhara Al Kubra Company. The project comprises 432 retail stores with a total leasable area of approximately 85,244 sqm, in which Alandalus Property Company holds a 25% ownership stake.
Al Sahafa Center - Riyadh
Located in Al-Sahafa District in Riyadh on leased land at the intersection of King Abdulaziz Road and Prince Nasser Bin Saud Street. The project development was completed during Q4 2014, with operations commencing in 2015. The center comprises 20 retail stores and 8 offices, with a total leasable area of approximately 12,395 sqm.
Tilal Center - Riyadh
Located in Al-Malqa District in Riyadh on leased land along Anas Bin Malik Road. The project development was completed during Q4 2014, with operations commencing in 2015. The center comprises 20 retail stores with a total leasable area of approximately 9,021 sqm.
Al Yarmouk Center - Riyadh
Located in Al-Yarmouk District on Dammam Road, northeast Riyadh, on leased land with a total area of approximately 10,822 sqm. The project development was completed during Q4 2014, with operations commencing in Q2 2015. The center comprises 26 retail stores with a total leasable area of approximately 5,457 sqm.
Explore Annual Report 2025
Growth Reinforces Sustainability
We invite you to take a look at our full report prepared in partnership with Al Andalus Corporate