Established in 1979, Balubaid owns and manages a portfolio of community shopping malls in the Western Region of Saudi Arabia with GLA exceeding 60,000 sqm. As a landlord to well-known local and international brands, the division develops, builds, sells, leases and manages commercial, office and residential properties. Community malls operate under the Hijaz Malls brand in Jeddah and Makkah. Liwan Jeddah is a mixed-use project in a prime location offering retail space and offices.
In addition to community malls and mixed use projects above, Balubaid Real Estate also owns a portfolio of commercial, residential and office properties in Saudi Arabia, the UAE, the United Kingdom and the United States. The company also owns a sizable land bank of strategically located properties in Saudi Arabia, mainly concentrated in Jeddah and Makkah, which affords opportunities for future development.