UAE dominates Forbes Middle East Real Estate Leaders 2025 list
The list was compiled based on each leader's years of experience, the value of completed and ongoing projects, company financials including total assets and revenues where available, and the size of landbanks and number of units held.
The UAE dominates this year's ranking with 42 leaders of companies headquartered in the country, followed by Saudi Arabia with 21 entries and Egypt with 16.
Claiming the top spot is Hussain Sajwani, Founder and Chairman of Damac Properties. In February 2025, Damac had announced the pricing and settlement of its $750 million senior unsecured three-and-a-half-year Reg S Sukuk—its largest to date.
Sajwani's net worth has doubled over the past year, rising from $5.1 billion in March 2024 to $10.2 billion as of March 2025.
Mohamed Alabbar, Founder and Managing Director of Emaar Properties, ranks second, followed by Talal Al Dhiyebi, Group CEO of Aldar Properties, in third place.
All three of the top leaders are based in the UAE, reinforcing the country's position as a leading real estate hub in the region.
Besides Sajwani, four other billionaires - as recognised by Forbes as of March 2025 - appear on this year's list. These are Alabbar with an estimated fortune of $2.3 billion, Sobha Group's PNC Menon with an estimated fortune of $3.4 billion, Five Holdings' Kabir Mulchandani at $2.2 billion, and Palm Hills Developments' Yasseen Mansour with a net worth of $1.2 billion, said Forbes in a statement.
Combined, the five billionaires control an estimated fortune worth $19.3 billion, it added.
The list spans a diverse group of companies, from legacy institutions to ambitious newcomers. Bahrain's Kanoo Real Estate, managed by the CEO Mohamed Abdulelah Al Kooheji stands as the oldest developer on the list, having been established in 1890.
The UAE-headquartered ONE Development, led by Founder and Chairman Ali Al Gebely, is the youngest listee, established in 2024.
To continue the conversation on the future of real estate, Forbes Middle East will host its flagship 'Building The Future Summit' in Abu Dhabi on May 26–27, 2025, followed by the summit's first edition in Tripoli on May 29–30, 2025.- TradeArabia News Service
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