Asyad Holdings’ real estate activities are conducted under the umbrella of Al-Sunbula, a real estate development and investment company that was launched in 2013 with the aim of developing and managing the Asyad real estate portfolio.
Originally, Asyad’s real estate activities focused on Saudi Arabia, before expanding across the Middle East, North Africa and Asia. In line with the trend towards globalization, Al Sunbala has expanded Asyad’s reach from the Middle East and Asia to Europe and North America. Today,
Al Sunbala is a leader in numerous construction projects and is in negotiations for additional projects in hospitality, housing, healthcare and education.
Al-Sunbala is a full-service real estate developer with the capability to fund, invest in, develop, design, market and sell real estate projects of all types and sizes.
A wholly-owned entity of Asyad, Al Sunbala is a partner in numerous local and international joint-ventures, taking a leading developmental role in each. It currently manages some SR6 – 8 billion in assets.
This five-star 800-key property is located 1.6 miles from Makkah’s main holy sites and is designed to accommodate the needs of upscale religious pilgrims and others visiting the Holy City.
Located in Makkah where there is a significant demand for suitable accommodations for pilgrims and religious tourists, the Mansour Hotel series comprises four 4-star hotels totaling some 6,000 keys. Two of the hotels, with a total of 700 keys, are ready for construction while the remaining two properties are slated for design and construction in mid-2016. The hotels, designed specifically to accommodate Hajj pilgrims, will anchor a complete religious tourism enterprise that will include transportation, telecom, meals, accommodation and other necessities.
Phase 2 of an existing residential compound in the Dhahran region of eastern Saudi Arabia is set to begin construction in August, 2016.
A Saudi Ministry of Housing residential project with an ultimate goal of constructing 250,000 housing units, this project is entering the second phase of planning with negotiations for an agreement on the consortium structure and project finance. The project start date is scheduled for mid-2016 and construction is estimated to take 10-15 years.
Situated just north of Jeddah, in rapidly developing South Obhur, this 40-apartment, 16-villa housing compound is fully approved and licensed. Unit sizes range from 120sqm and 400sqm. Construction is set to begin in July, 2015.
Sara Village covers an area of 1.5 sq km in Al Khobar and offers 952 residential units designed to house employees of a major multinational concern. Each of the compound’s 15 neighborhoods overlooks a neatly landscaped park with lawns, rock gardens gazebos, pergolas and paved walkways.
With a prime location on the edge of Beirut’s renovated Solediere district, this residential apartment complex comprises 2- and 3-bedroom luxury, furnished units. Also close to Zeytouni Bay, the site is cleared for a January, 2016 construction start.
Located on Beirut’s picturesque Corniche between the Riviera Hotel and the American University of Beirut, this project is designed as a 13-floor apartment building offering 4 simplexes, 4 duplexes and a triplex penthouse with a suspended swimming pool.
Al Sunbula’s first project in Dubai, Sienna Views comprises 36 luxury villas overlooking a Greg Norman Golf Course in the renowned Jumeirah Gulf Estates Master Plan. Pedestrian-friendly and architecturally unique, the project is well on its way to completion.