Under execution2024
North View نورث فيو
- Towers
- 4
- Total built-up area
- 116,421 m²
- Floor-area ratio
- 6.00
THARA Real Estate Development
Where Life Is Enriched.
حيث تُثرى الحياة
01THARA in brief
Founded in Makkah in 2000, THARA has established itself as a leading Saudi company in integrated real-estate development.
Its model brings together planning, development, investment management, and strategic partnerships to deliver residential, commercial, hospitality, retail, office, and mixed-use projects.
An integrated urban-development model
- 01Planning
- 02Development
- 03Investment management
- 04Strategic partnerships
Portfolio
- Residential communities
- Commercial developments
- Hospitality
- Retail centers
- Office towers
- Mixed-use projects
02Leadership
Chairman of the Board
Mohannad Al Khowailed
THARA Real Estate Development · Est. 2000
03Track record
THARA has helped set urban-development standards for residential and commercial environments for nearly a decade.
+30,000,000m²
Developed area
+10,000
Residential units
+5,000
Commercial units
+15
Total projects
10
Completed
3
Under execution
2
Under development
Achievements through 2026
04Next project
The next chapter
Sham View
Damascus · Syria
THARA’s next project is Sham View in Syria, extending the company’s real-estate development experience into a new market.
Residences
Where everyday living becomes exceptional
The Community
True growth is not only horizontal, but an ascent toward higher levels
- Swimming Pools
- Golf Course
- Retail Boulevard
- Wellness Center
- Community Garden
- Luxury Spa
Where life flourishes and stories begin
05Developments
From completed residential communities to ambitious mixed-use destinations now in development, THARA’s portfolio reflects a commitment to quality, flexibility, and long-term value.
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Completed projects
Al Burjain البرجين
- Total area
- 5,461 m²
- Built-up
- 10,759 m²
- Units
- 476
Completed projects
Al Muta'adid المتعدد
- Total area
- 3,900 m²
- Built-up
- 56,664 m²
- Units
- 311
Completed projects
Al Rawdah 1 الروضة 1
- Total area
- 5,461 m²
- Built-up
- 10,759 m²
- Units
- 476
Completed projects
Al Taqwa التقوى
- Total area
- 2,489 m²
- Built-up
- 31,868 m²
- Units
- 251
Completed projects
Batha بطحاء
- Total area
- 2,640 m²
- Built-up
- 22,480 m²
- Units
- 278
06Milestones
Twenty years of destinations
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2005
Al Naseem Masterplan
2007
Al Tayseer Masterplan
2012
Holiday Inn
2019
Al Awali Project
2020
Al Kakiyah Project
2021
Hittin Village
2021
Al Liwan Masterplan
2022
Manar Al Haramain
2022
2022
Elite
2023
Zood Al Madinah Al Munawwarah
2024
AlBayareq
2024
North View
Next
Sham View
07Geographic reach
Two regions. One standard.
33,285
Central Region · 2024
14,460
Western Region · 2024
47,745
Combined · units
08Partnerships and alliances
Partners that share THARA’s mindset, values, business ethics, and commitment to excellence.
20
Partners
09 public sector 11 private sector
Government and public sector09
Ministry of HousingMinistry
Riyadh Region MunicipalityMunicipality
National Housing Company (NHC)National developer
Wafi — Off-Plan Sales or Rent ProgramOff-plan program
Real Estate General Authority (REGA)Regulator
Ministry of Municipal, Rural Affairs and HousingMinistry
Ministry of JusticeMinistry
Etmam — Developer Services CenterDeveloper services
ROSHNPIF developer
Private sector11
Bank AlbiladBank
Bank AlJaziraBank
Alinma BankBank
Saudi National Bank (SNB)Bank
Riyad BankBank
Al Rajhi BankBank
Banque Saudi FransiBank
EYAdvisory
BLOM InvestInvestment
MusharakaInvestment
The Saudi Investment BankBank