The Real Estate sector in Kuwait is one of the major non-oil sector contributors to GDP. Thus, as part of its commitment to providing key advisory services, AlShall has positioned itself as one of the leading real estate advisory firms in Kuwait.

Since 1997, AlShall has produced comprehensive real estate sector studies containing not only published financial data and indicators, but surveys so that an information gap relating to market dynamics, land prices, occupancy trends, rent rates in different areas and real estate sub-sectors is bridged.

This research base is highly valuable to AlShall internally as well as to its clients. AlShall’s commissioned specialized real estate studies are related to establishing real estate companies as well as feasibility studies of real estate projects in different sectors like residential, investment and commercial offices. These studies aim at maximizing returns while controlling risk factors.

Real Estate Advisory Experience List

PROJECT NAME COUNTRY SECTOR SERVICES PERFORMED COMPLETION DATE
Feasibility study of a landmark real estate development in Syria Syria Real Estate Financial and economic feasibility study, market research, and legal and tax advisory, for the development of a landmark real estate project in Syria 2012
Kuwait real estate market performance Kuwait Real Estate Real estate performance and projections for all related sectors in Kuwait 2011
Commercial offices real estate market performance in Kuwait Kuwait Real Estate Real estate performance and projections for offices sector 2011
Real estate market performance Kuwait Real Estate Economy, sector, stock and company performance 2011
Advisory to a real estate company for selection of financial consultant for acquiring stake in another real estate company Kuwait Real Estate Advisory to a real estate company for selection of financial consultant for acquiring stake in another real estate company 2010
Real estate sector study Kuwait Real Estate Developing a strategy for investing in the Kuwaiti real estate sector 2010
Feasibility study of a real estate development Kuwait Real Estate Feasibility study of a landmark real estate property and preparation of an information memorandum 2006
Valuation of a real estate company Kuwait Real Estate Pre-valuation of a real estate company for acquisition purposes 2005
Feasibility study of real estate development Kuwait Real Estate Feasibility study of real estate development in Sharq area 2004
Establishment of a real estate company Kuwait Real Estate Feasibility, financial & legal structuring soft marketing and capital placement 2003
Valuation of an international hotel chain Kuwait Hospitality Valuation of hotel and real estate properties 2002
Listing of a real estate company Kuwait Real Estate Preparing placement memorandum for listing the company’s shares on KSE 2002
Valuation of two international hotels and feasibility for development of additional hotels and residential/commercial buildings Sudan Hospitality Valuation of two international hotels and feasibility for development of additional hotels and residential/commercial buildings for internal corporate purposes 2010
Feasibility Study for two hotels, one convention centre, five exhibition centers and five trade centers in Kenya Kenya BOT – Hospitality Economic and financial studies 2009
Feasibility study for a residential tower in Abraj Quartier, the Pearl island Qatar Real Estate Economic, market and financial studies 2009
Feasibility study for a commercial office building in Luseil Qatar Real Estate Economic, market and financial studies 2008
Valuation of a real estate company KSA Real Estate Valuation of a real estate company for divesture purposes 2010
Feasibility study for a commercial building Qatar Real Estate Economic, market and financial studies 2008
Land purchase valuation advisory Qatar Real Estate Financial valuation for a large mix of plots of land in Lusail 2008
Real Estate sector study Qatar Real Estate Prepare a comprehensive report about the trends and prospects of the real estate sector in Qatar 2007
Market study on lands for sale in Muhaither area – Doha Qatar Real Estate Economic, market and financial studies 2006
Feasibility study for a tower in Porto Arabia, the Pearl island Qatar Real Estate Economic, market and financial studies 2005
Real estate sector study Qatar Real Estate Prepare a comprehensive report about the trends and prospects of the RE sector in Qatar 2004
Quarterly high-end residential buildings market tracking study Qatar Real Estate Prepare a quarterly report about the trends and prospects of the high-end residential buildings in Doha, Qatar 2008 – Yearly
High-end serviced apartments market study Qatar Real Estate Survey of high-end serviced apartments in Doha, Qatar 2004

Real Estate Advisory Examples

Project Example – Establishing Companies and Private Equity Placement

Assignment Establishing, developing corporate strategy, licensing from regulatory authorities, and equity placement of three private sector real estate investment companies.
Client Name Promoters of the three real estate investment companies.
Client’s Activities Investment in real estate in Kuwait and MENA region.
Project Size Collectively exceed USD 250,000,000 (KD 70,000,000)
Assignment Date & Duration 2009, average 6 months per entity
Main Area of Focus AlShall worked with the promoters of each entity to devise corporate concepts, setting the strategy and taking the concept for each company from idea to reality. Primary tasks for each company included setting strategy, conducting a feasibility study, acquiring the licenses, setting the legal & financial structure, soft marketing and placement of the full capital.
Services Provided AlShall worked with the promoters of each entity to develop the company concept and conducted comprehensive feasibility studies including all sub-components such as market research, industry trends, demand quantification, competitors, customers, legal framework; identification and quantification of revenue streams, operating expenses, capital expenditures, capital structure, required rates of return and risks. AlShall built financial models for each entity to incorporate all these elements in pro-forma income statements, balance sheets and cash flows, supported by appropriate scenarios and sensitivity analysis. Furthermore, AlShall acted as the companies’ investment banker by placing all the required capital of each company with strategic and non-strategic investors.
Outcome The capital for each entity was successfully raised; the companies were established and became operational.

 

Project Example – Feasibility Study

Assignment Establishing an Islamic Bank – Cham Bank, Damascus, Syria
Client Name Kuwaiti Real Estate Holding (formerly known as Kuwait National Real Estate Services Company).
Client’s Activities Private sector company with real estate activities in Kuwait and the MENA region.
Project Size USD 175,000,000 (KD 50,000,000)
Assignment Date & Duration 2004, 5 months.
Main Area of Focus Carrying out a financial feasibility, developing economic and market studies, and making a final submission of the BOT proposal to the Municipality of Kuwait.
Services Provided Conducted a comprehensive feasibility study including all sub-components such as market research, industry trends, supply and demand quantification, competitors, customers, legal framework, identification and quantification of revenue streams, operating expenses, capital expenditures, capital structure, required rates of return and associated risks. AlShall built financial models for each entity to incorporate all these elements in pro-forma income statements, balance sheets and cash flows, supported by appropriate scenarios and sensitivity analysis.
Outcome Consultancy mandate fully executed and BOT competition won by the client.