RED House History

Real Estate Development House – RED House is a leading real estate investment and development company, originally established in Beirut, Lebanon, on November 11th, 2004. Our specialization lies in select real estate development and investment projects across emerging markets within the EMEA region.

Expanding Our Footprint: Early Ventures

Our strategic expansion began swiftly. In 2006, RED House Algeria was established as a subsidiary dedicated to creating, developing, and managing new projects in Algeria. Its flagship project, "Residence Des Pins" in Cheraga – Algiers, stands as a testament to our early vision, comprising over 420 residential and commercial units spanning more than 82,000 SQM of sellable area.

This was followed in 2009 by RED House Cyprus, which forged a strategic association with the renowned Cypriot multidisciplinary company, Paraskevaides Group, further broadening our international reach.

Diversifying into Key Sectors

Recognizing opportunities beyond traditional real estate, RED House strategically diversified into specialized sectors:

In 2011, RED House Healthcare (RHH) was established as the group's arm for healthcare facility development. RHH teamed up with notable Saudi investment groups, Ebram Investments (led by H.E. Dr. Sultan Bahabri) and later with H.E. Dr. Assad Rizk, with the ambitious objective of developing a network of specialized hospitals in Saudi Arabia and the GCC. This initiative was guided by a comprehensive business plan conducted by McKinsey and Colliers International.

To optimize our scope, RED House Education was established in 2012 as the group's specialized arm for educational facilities development. In the same year, RED House Arabia was founded as our dedicated subsidiary for creating, developing, and managing new projects in Saudi Arabia.

Strategic Partnerships and Major Projects

Our growth has been significantly amplified through strategic alliances:

In 2015, RED House SAL forged a transformative joint venture with Dubai Investments PJSC, the largest investment company on the Dubai Stock Market, under the new entity "DAR Dubai."

Dar Dubai initiated its operations in Saudi Arabia with the "Saudi Investment Parks" project, an initiative inspired by Dubai Investments' flagship "Dubai Investment Park." This ambitious undertaking involves developing three mega mixed-use investment, industrial, commercial, and residential cities across the Kingdom's three main provinces.

A pivotal moment arrived in 2016 when Al Beaini Holding SAL took over majority shares in RED House SARL, RED House SAL, RED House Algeria, RED House Healthcare, and RED House Arabia, solidifying a unified vision and strategy.

In 2017, RED House Arabia successfully established a SAR 2 Billion private equity fund in cooperation with Alinma Investments, with the primary objective of developing the monumental "Riyadh Investment Park – Phase 1."

Innovating for the Future

RED House continues to push the boundaries of design and concept:

In 2019, RED House embarked on a significant cooperation with Pininfarina SPA, the renowned Italian and international design house. This collaboration aims to represent Pininfarina in the Middle East and leverage their expertise in the development of RED House's visionary projects.

Between 2022 and 2025, RED House devised a number of groundbreaking projects with innovative concepts, all structured independently and conceived for global replication. These include "Little Italy," "Otoriom," "Colony EIP – Eco Industrial Parks," and "Sun City Arabia," showcasing our commitment to pioneering new development paradigms.

RED House's history is a testament to consistent growth, strategic diversification, and an unwavering commitment to creating landmark developments and fostering strong partnerships across the EMEA region and beyond.