In 2002, First Real Estate was established as a Bahraini Limited Liability Company with an initial paid-up capital of BD 500,000, founded by two prominent real estate developers. The company quickly gained traction in the market, leading to significant structural changes. By 2005, First Real Estate transformed into a Bahraini Joint Stock Closed Company, with its paid-up capital rising to BD 30 million, reflecting its expanding influence and success. The momentum continued, and in March 2007, the paid-up capital further increased to BD 31,800,000, marking another milestone in the company’s rapid growth trajectory.

In November 2007, the shareholders made a pivotal decision to transition First Real Estate into a Public Holding Company. This strategic move was designed to enhance the company’s resources, enabling it to become a well-capitalized entity poised for further development. This transition marked a new chapter, allowing the company to implement its ambitious plans for growth, both locally and regionally. With an increased focus on expanding operations and leveraging new opportunities, First Real Estate committed to building a robust framework that supports sustainable growth and international reach.