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Ajdan

Ajdan

Saudi Arabia
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Ajdan

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Core Evaluation

Comprehensive assessment of developer's core competencies

Track Record

Ajdan Real Estate Development Company is a Saudi Arabian real-estate developer established in 2016 in Al Khobar, Eastern Province, focused on contemporary mixed-use developments spanning residential, commercial, hospitality, and entertainment segments. It is developing several branded destinations including Infiniti, Ajdan Walk, Fairmont Ajdan Al Khobar, and Darah projects, with reported sales and over 9,000 units under development and investment value exceeding SAR 24 billion as of late 2025.

Financial Credibility

Public reports indicate Ajdan achieved over SAR 1 billion in sales at Cityscape Global Riyadh 2025, with strategic financing agreements signed with entities such as SAB and MoUs with Arab Bank and SNB to support customer financing and project execution. This suggests active access to institutional funding and investor confidence, though detailed audited financials and leverage positions are not publicly disclosed.

Project Quality

Ajdan has won multiple awards at the Arabian Property Awards 2024-2025 for projects including Raseen Sidra, Infiniti, and Bayfront, judged by an independent panel of industry experts, indicating recognition for design and project quality at a regional level. Independent post-completion quality assessments by third-party reviewers beyond industry awards are not widely available in open sources

Legal & Regulatory Standing

No publicly available information was found detailing specific regulatory compliance records, licensing, or escrow account disclosures for Ajdan’s developments. The company operates clearly in Saudi Arabia and participates in major industry events, but formal public documentation of regulatory status under Saudi real-estate law is not readily accessible.

Customer Experience

Publicly accessible buyer or tenant reviews directly linked to Ajdan’s projects are limited in open sources. Available content is mainly corporate announcements and project promotions rather than independently verified customer satisfaction data.

Market Reputation

Ajdan is publicly positioned as a leading lifestyle real-estate developer in Saudi Arabia, participating as a sponsor at Cityscape Global and forming high-profile partnerships, which reflects a presence within industry circles. Independent market reputation signals from consumer forums or analyst rankings in publicly accessible sources are limited.

Innovation & Sustainability

No publicly available information was found confirming formal sustainability certifications (e.g., LEED/BREEAM) for Ajdan projects. Company descriptions emphasize contemporary design and lifestyle experiences but do not document third-party verified sustainability credentials.