Business & Money | Monday 8 October, 2018 2:00 am |

Arenco Real Estate, part of A.A. Al Moosa Enterprises and one of the largest local developers in the UAE, has been named in the Top 100 Real Estate Companies in the Middle East.

The annual award organized by Forbes Middle East was held to honour the top business leaders within the real estate industry and was attended by some of the regional heavyweights. 80 developers and 20 real estate consultants were recognized for their contributions to the regional economy.  

Arenco Real Estate was recognised as one of the Top 10 Unlisted Developer in the Middle East by Forbes Middle East, citing its contribution to shaping the region’s real estate industry.

Mr Nayef Al Moosa, Director ARENCO Real Estate accepted the prestigious award at a gala event organised to celebrate the accomplishments and successes of leading innovators in real estate.

“The Middle East real estate industry is one of the fastest growing sectors across the world and we are expecting continued growth of the sector as the market is achieving more stability. It is a great honour to be recognised for our contribution in shaping this industry. We will keep on contributing to its development to further strengthen the reputation of Dubai and the UAE as a leader in the real estate industry,” commented Al Moosa.

ARENCO Real Estate was founded in 1975 and has built its reputation for superior quality, excellent services and open book integrity in residential housing, commercial, retail, and office development markets.

Earlier this year, ARENCO had unveiled three luxurious properties located at the Palm namely Hilton The Palm, TAJ Exotica Resort & Spa and Marriott The Palm. These properties will contribute an additional 1,500 rooms and suites to the current inventory of hotel rooms in Dubai and will increase the company’s portfolio to a total of 4730 rooms.

Arenco also owns other hotel properties in the region which are managed by leading international hospitality chains such as Hilton International, Marriott International, Whyndam International, Taj and IHG as well as its Local Brand Golden Sands Hotel Apartments.