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Shurfah Towers Real Estate Development and Investment

Shurfah Towers Real Estate Development and Investment

Saudi Arabia
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Shurfah Towers Real Estate Development and Investment

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Core Evaluation

Comprehensive assessment of developer's core competencies

Track Record

Shurfah Real Estate Development and Investment publicly states a development legacy dating back to 1944 and positions itself as having overseen more than 20,000 real estate units with investments totaling 6 billion SAR. Its official site publishes an active projects list (e.g., SAYL 34/35 delivered and SAYL 37 under construction) indicating multi-project execution. The company also maintains a news section documenting partnerships and sector activity, supporting continuity of operations. Based on official disclosures, the track record appears established and scaled, though independent verification of all stated unit totals was not found in the retrieved results.

Financial Credibility

Shurfah publicly reports sizable cumulative investment figures (6 billion SAR) and a large unit count, which, while self-reported, indicates an asserted operational scale. Public news updates show engagement with sector entities, including an off-plan sales agreement signing with the National Housing Company (NHC), which can be a credibility signal for structured market participation. The published project pipeline and delivered projects suggest ongoing execution capacity. Detailed audited financial statements were not located in the retrieved results, so assessment remains conservative despite credible market signals.

Project Quality

The official project portfolio indicates planned communities and residential projects with published unit/land figures per project entry, suggesting structured planning and delivery tracking. Delivered listings (e.g., SAYL 34/35 marked delivered) provide some evidence of completion, though independent third-party quality audits were not found in the retrieved results. No reputable press reviews or certification claims were identified in the sources retrieved. Project quality assessment is therefore based mainly on documented delivery status and continuity of portfolio presentation rather than independent technical validation.

Legal & Regulatory Standing

Shurfah publicly documents participation in regulated market mechanisms such as off-plan sales frameworks through its announced agreement with NHC, which typically involves compliance requirements in Saudi real estate programs. The company operates through official domains and publishes corporate news and project information in a structured manner. No public regulatory sanctions or licensing controversies were found in the retrieved results. Specific license numbers or government approval documents were not located in the retrieved sources, so compliance is inferred only from the nature of disclosed engagements.

Customer Experience

No robust, independently verifiable customer review corpus was identified in the retrieved sources. Official channels emphasize project updates and announcements rather than after-sales support metrics. Without reputable third-party reviews or complaint records, buyer communication quality and post-delivery support cannot be confirmed. Customer experience remains unclear from the sources retrieved.

Market Reputation

Shurfah presents itself as an established developer with a long legacy and large unit volume, and it maintains an official project and news presence, supporting a perception of institutional maturity. Publicly posted news includes high-profile sector engagements (e.g., NHC agreement), which can strengthen market perception. No major negative press or controversy was found in the retrieved results. Overall, market reputation appears broadly credible and established based on official disclosures and visible project pipeline.

Innovation & Sustainability

The retrieved sources did not provide detailed sustainability certifications or quantified green-building metrics. News items suggest collaborations (e.g., a licensing agreement announcement) but do not provide enough technical detail to verify innovation in construction methods. No ESG reporting or green certification documentation was located in the retrieved results. Innovation and sustainability adoption cannot be confirmed beyond general corporate statements.