Income-generating real estate portfolios across MENA, US, and Europe

With an outstanding track record in real estate investment, Markaz has deployed capital in portfolios across MENA, the US and Europe to deliver long-term sustainable returns to our institutional and high-net-worth clients. Our dedicated real estate team sources opportunities, conducts due diligence and arranges debt financing to acquire well-located assets across residential, commercial and industrial segments.

MENA Real Estate

Markaz has built a strong portfolio of real estate assets across the dynamic markets in its home region through the dedicated MENA Real Estate division. It has regional offices in Riyadh, Khobar, Dubai and Abu Dhabi and a team of experienced professionals providing unmatched local market knowledge.

Leveraging its extensive market footprint and exceptional operational expertise, Markaz MENA Real Estate employs its time-tested approach to the acquisition, management and disposal of properties in the most promising segments of the real estate market to drive superior value.

Markaz MENA Real Estate currently manages KD 287 million in assets in Kuwait, the UAE, Saudi Arabia and the Levant. It is managing part of the National Real Estate Portfolio, owned by the Kuwait Investment Authority, with a value up to KD 250 million. In addition, Markaz Real Estate Fund has an AUM of KD 70.6 million across 17 properties.

  • Fund Management

  • We serve institutions and individuals seeking the investment advantages of the real estate asset class in the MENA region through actively managed funds. MREF mainly invests in income-generating real estate assets in Kuwait’s investment and commercial sectors, whereas MGREF invests primarily in income-generating properties various sectors across the GCC including the investment, commercial and industrial, sectors. Both funds aim to generate stable income and returns through sound acquisition, management and disposal of properties in the most promising segments of the real estate market in the GCC.
  • Tailored Portfolio Management

  • We develop and execute tailored real estate investment strategies across multiple geographies within the MENA region for our clients. Our professional team is equipped with long experience in the MENA real estate market which allows investors to benefit from the advantages and developments of various real estate sectors in the MENA market.
  • Full Property Management

  • Our team of professional property managers supply comprehensive services focused on maximizing value while maintaining and improving the property at an efficient cost. Our property management team are managing all our developments and acquired properties in the KSA and UAE.
  • RE Development

  • We offer dependable project management and top-quality architectural, engineering and construction resources that delivers project on time and on budget. The team developed 13 properties within the MENA region (Kuwait, KSA, UAE, Lebanon, Jordon).
  • Advisory

  • Our integrated real estate advisory service guide our client with feasibility studies, optimization, land rezoning, and value maximization.

MENA Team

Milad Elia

Executive Vice President

MENA Real Estate

Milad Elia

Khaled A. Al-Mubaraki

Senior Vice President

MENA Real Estate

Khaled A. Al-Mubaraki

Muaz T. Al-Ateeqi

Vice President

MENA Real Estate

 Muaz T. Al-Ateeqi

Abdulrahman S. Al-Sanad

Manager

MENA Real Estate

Abdulrahman S. Al-Sanad

International real estate

Since 1988, Markaz has been conducting real estate transactions in the US through Mar-Gulf Management located in Los Angeles, California. Over the past three decades, Markaz and Mar-Gulf have been involved in the ownership and development of almost 123 properties for a total development and acquisition cost of over USD 1.68 billion.

This includes approximately 9,000,000 sq. ft. of industrial warehouse space, 3,500,000 sq. ft. of retail, 1,350,000 sq. ft. of office and almost 3,400 apartment units. Markaz currently manages approximately USD 484 million of real estate assets across multiple funds.

Sold or exited deals

Kenosha

Industrial | Development

Wisconsin

Location

21,091,569

Cost (USD)

2021

Initiated

2022

Ended

26.25%

IRR*

1.32x

Return Multiple

RWC - BTS

Industrial | Development

Alabama

Location

39,405,727

Cost (USD)

2020

Initiated

2022

Ended

32.29%

IRR*

1.38x

Return Multiple

Amazon- Neu Ulm

Industrial | Development

Germany

Location

28,471,826

Cost (USD)

2020

Initiated

2022

Ended

28.90%

IRR*

1.32x

Return Multiple

Fairfield - Green Valleye Corporate Park

Industrial | Development

California

Location

66,187,219

Cost (USD)

2020

Initiated

2022

Ended

20.81%

IRR*

1.38x

Return Multiple

Riverstone

Multifamily | Value-add

Missouri

Location

55,432,967

Cost (USD)

2017

Initiated

2022

Ended

8.52%

IRR*

1.38x

Return Multiple

International Team

Sami Shabshab

Managing Director, International Real Estate

President Mar Gulf Management Inc.

Sami Shabshab

George Ceithaml

Managing Director

MDI Capital, LLC

George Ceithaml

Sadon A. Al-Sabt

Senior Vice President

International Real Estate

Sadon A. Al-Sabt

Christopher Santiago

Assistant Vice President

International Real Estate

Christopher Santiago

Munif Al Saad

Manager

International Real Estate

Munif Al Saad

Resources

MENA real estate - presentation

Download PDF

Contact us

For investment advice, connect with a real estate management services professional.

Call us at

+965 2224 8000

For queries

[email protected]

Awards & Recognitions