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CREATING LANDMARKS AND HISTORY
Our story began 7 decades ago with a vision to be Bahrain’s leading property developers and to contribute towards putting the country on the global map. We are driven by our passion to create; not just structures, but a whole new way of living.
Y. K. Almoayyed Properties began as a division of the renowned Y. K. Almoayyed & Sons Group which has made its presence in every sphere of the consumers’ life.
Established as an individual organization in 2006, Y. K. Almoayyed Properties has become one of the leading and most trusted property developers in Bahrain. We have played a vital role in the real estate community and have shaped Bahrain’s landscape with landmark developments. Since its inception, we have reflected the exacting principles of service and commitment with which the Y. K. Almoayyed name has historically been associated with.
Our efforts are further enhanced through deep insight into the needs of the community we serve, be it residential or commercial. We are constantly developing new ways to improve our service and build on our reputation as one of the most enthusiastic real estate companies in the Kingdom.
As a multi-faceted organization, we aim to achieve international recognition by providing customer satisfaction of global levels. As a futuristic organization, we always work towards an evolved work system and environment, fully geared to implement new-age solutions and innovative ideas. As a company with heart, we endeavor to use all our expertise in creating a better society and a better world.
We aim to be the most dynamic and innovative property developers in Bahrain.
We strive to delight our customers with contemporary housing, to nurture their dreams with superior planning, to appeal to their hearts with innovative architecture, to foster their enterprise with business landmarks, and to be socially responsible with high ethical and moral values.
Farouk Yousuf Almoayyed Chairman
Y. K. Almoayyed Properties has grown, expanded and diversified since its inception and has continued to maintain its core philosophy of delivering quality and unmatched services and its sense of responsibility towards the community.
Our valued reputation for high standards of design, specification and build is backed by careful considerations of the layout of our developments.
The company has been redefining and recreating spaces in which people live and work. From creating residential compounds, villas and apartments, to developing commercial workspaces and warehouses, we have always concentrated on meeting the needs of discerning consumers. We have constantly strived to create a holistic atmosphere in all our projects – commercial or residential. This is visible in the company’s dynamic presence across Bahrain.
Our mandate is to continuously challenge our highly-skilled professionals to produce high quality projects that offer the best of amenities, reflecting the unique class that Y. K. Almoayyed Properties stands for.
In all we do, we will constantly endeavor to create a world of values, of passions, of solidarity and of concrete actions. We will work hard to create new possibilities that will enhance the skyline of Bahrain.
Yousuf Khalil Almoayyed is remembered as a pioneer of industry, a business legend.
Yousuf Khalil Almoayyed
(1918 – 1996)
It was while a young child at school, that Yousuf Almoayyed set his heart on becoming a successful businessman. At the age of six, he saved up his pocket money to purchase sweets, seeds and nuts from local merchants and sell them to his brothers, cousins and neighbours.
At the age of 19, he left school and entered his father’s pearl business. He travelled to Bombay to conduct business with Indian merchants, and was soon making more profit from his business dealings than his father had done. Soon after, he recognized that the pearl trade with its periodic fluctuations and the threat posed by the development of cultured pearl was not the vehicle for his life’s ambitions.
So in 1940, he started his own business and began selling imported electrical goods and trading in sugar, tea, coffee and sandalwood beams for roofing. Before long, he was soon acting as a supplies agent for the Bahrain Petroleum Company (Bapco), the RAF and the British Navy.
In 1946, following the end of the Second World War, he made what was then a rather risky plane journey to London and returned with agency agreements for GEC, Lister and Blackstone Engines.
In 1949, he went back to the U.K. and sailed in the Queen Mary to New York to arrange the supply of pipes, paint and rice for the Qatar Petroleum Company.
The business trips paid off and he began to secure other prestigious agency agreements with companies in the U.K. But this was not before he had bounced back, against all odds, from a disastrous fire which totally destroyed his warehouse in 1960. In under a year, he recovered his fortunes sufficiently and built a new headquarters building in Manama which, completed three years later, was the tallest building then in Bahrain. Today, it still houses the corporate offices of Y. K. Almoayyed & Sons.
In 1966, he opened his first villa complex known as Farouk Garden, which is one of Bahrain’s first compounds for the expat market. He also bought three large buildings in Adliya, and later on, acquired a 20,000 square meter plantation near Sanabis.
From his earliest days, Yousuf Almoayyed involved himself in charitable activities, and was instrumental in founding the Bahrain Red Crescent Society, the Rotary Club of Manama and the Bahrain Committee for Arab Support. In 1987, he personally financed the construction of a Drug and Alcohol Rehabilitation Centre in memory of his late son, Mohammed.
Yousuf Almoayyed also took a keen interest in the development of Bahrain’s economy. He was an enthusiastic founder member of the National Bank of Bahrain, serving initially as a director for forty years and then as Vice Chairman.
As an active sportsman, he helped to popularize the game of tennis in Bahrain, and kept up a strict fitness regime until his death in 1996 at the age of seventy eight.
Yousuf Khalil Almoayyed will be remembered as a pioneer of industry, a business legend, a man of many talents, and a gentleman with a generous spirit. His faith in God, love of hard work, burning desire to succeed and excel, and respect for his fellow men will live on as example for the youth of Bahrain who aspire to business and personal excellence.
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