The Company’s Activities and Investments
Alandalus Mall
Alandalus Mall was opened in 2007, located in Jeddah on King Abdullah Road, opposite to King Abdulaziz Square, new city center, with a total area of 148,481 sq.m (built up areas and parking).
Alandalus Mall comprises 342 stores that are leased to 298 tenants, encompassing a total rental area of 88,863 sqm, which is spread across two floors. The mall is wholly owned by AlAhli REIT Fund 1, where the Company has a majority stake of 68.73%.
Hayat Mall
Hayat Mall is located in Riyadh on King Abdulaziz Road, with a total area of 226,108 sqm (built up area and parking). It includes 356 stores occupied by over 331 tenants, with a leasable area of 89,712 sqm. It is strategically located on King Abdul Road with a range of high-profile tenants such as, Jarir Bookstore, Swarovski, Victoria’s Secret, Marks and Spencer, Paul Cafe and many other leading brands, in addition to the elegant restaurants area, for which the Mall
Dareen Mall
Dareen Mall was opened in 2009. It is strategically located on Dammam Corniche, with a total area of 99,960 sqm, of which 61,326 sqm are built up.
The parking space is 38,634 sqm, and the land area is 59,050.79 sqm. It is equally owned by the Advanced Markets Company and Alandalus Property.Dareen Mall includes 192 stores occupied by over 148 tenants, with a rental area of 47,294 sqm which is divided into two floors as follows:…..
Alandalus Mall Hotel Jeddah
Alandalus Company expanded its business sectors by constructing a 5-star hotel tower called Alandalus Mall Hotel, adjacent to Alandalus Mall in Jeddah. The total area of the hotel tower, including built-up and parking areas,is 28,255 sqm. The hotel is wholly owned by AlAhli REIT (1) Fund, in which the Company owns 68.73%.The hotel tower started operating in quarter 2 of 2017 and.It includes 164 suites recreational facilities meeting rooms international restaurants and health club
Salama Office Tower
The Salama Tower boasts a unique location in the Salama district on Madinah Road, proximate to the intersection of Hira Street. It is situated approximately 25 minutes from the city center and less than 10 minutes from the new King Abdulaziz International Airport in Jeddah. The tower consists of 13 floors above ground level, as well as a basement floor and mezzanine floor. Within its premises, there are 84 offices, 4 halls, and 4 warehouses. The tower hosts an …
Alsahafah Center
Located on the intersection of King Abdulaziz road and Prince Nasser bin Saud Street in Alsahafah district in the northern part of Riyadh City, this mall occupies 12, 367 square meters (building and parking space). Development of Alsahafah Center in Riyadh was completed in the fourth quarter of 2014 and became operational in the first quarter of 2015.
Telal Center
Alandalus Property completed the development of Telal Center on a leasehold land in Almalqa district in Riyadh in the fourth quarter of 2014, and operation of the center started in the third quarter of 2015. Telal center is located on Anas bin Malek Road, in the northern part of Riyadh City, with a total area of 9,017 square meters (building and parking space).
Yarmouk Center
The center comprises 27 commercial units with 25 leaseholders and is divided into 3 sections: Panda Hypermarket, anchor tenants and other small shops. Other brands include Baskin Robbins, Saadeddin and Al Tazaj restaurant. The occupancy rate of Alyarmouk center reached 91% in 2018. Yarmouk center is located on a land rented by the Company on Dammam road, in the north eastern part of Riyadh City. The total area
Al-Marwah Center
Located on Prince Majed Road, in Marwah District, north of Jeddah, Al-Marwah Center occupies an area of 17,030 square meters (building, parking and office space). Development was completed in the fourth quarter of 2018, and the Center will start operation in the first quarter of 2019. It contains 73 commercial units and is divided into 3 sections: Almazrah market, anchor tenants and other small shops.. Next to Almazrah market,
Qbic Plaza Office Complex
The building is located in a privileged location in Alghadeer district in the city of Riyadh on King Abdulaziz Road near the intersection of the Northern Ring Road, about 2 km from King Abdullah Financial Center and 20 km from King Khalid International Airport. The building comprises of a well-developed and modern multi-use office complex that accommodates three interconnected buildings.
Future Projects
1. Establishing a hospital in partnership with Dr. Sulaiman Al Habib Medical Services Holding Group
2. The Village Mall Project
3. Sawari District Land Project, Jeddah
4- Umm Jarfan district project in Makkah Al-Mukarramah
AWARDS AND ACHIEVEMENT SPONSOR
SOCIAL RESPONSIBILITY
To be the leading shopping mall and hotel developer, owner and manager through value creation and continuous innovation.
