Top 7 Real Estate Development Company in Iran (Review 2025)
Exclusive ZORA Article: Iran’s real estate development sector has undergone significant transformation in the past two decades, driven by rapid urbanization, population growth, and government-led housing initiatives. According to data from the Statistical Center of Iran, over 74% of the country’s population now lives in urban areas—a dramatic increase from just 47% in 1980. This shift has placed immense pressure on housing, infrastructure, and urban services, prompting both public and private sectors to invest in large-scale real estate projects.
From satellite cities aimed at absorbing metropolitan overflow to luxury towers and mixed-use developments in Tehran and coastal regions, top real estate developer companies have become one of the most visible engines of economic activity in the country. Despite periodic sanctions and economic volatility, key projects such as Iran Mall, Pardis New Town, and Fereshteh Pasargad Tower demonstrate how architecture, planning, and investment converge to shape the built environment of modern Iran.
Top Real Estate Development Company in Iran
Here are 7 top real estate development company in Iran including, Setare Sobh Construction Group, Naghsh Jahan Pars Consulting Engineers, Kayson Inc. , Maskan Investment Group, Tose’e va Sakhteman Iran Co. , Omran Mallek Real Estate Development, and Sazeh Consultants.
1. Setareh Sobh Construction Group (SSCG)
Location: Tehran, Iran
Setareh Sobh Construction Group (SSCG) is one of Iran’s leading real estate development companies, known for its modern approach to architecture, urban planning, and large-scale construction. Based in Tehran, SSCG has been instrumental in transforming the skyline of the capital and other major cities through premium residential, commercial, and mixed-use developments. The company integrates sustainable design with cutting-edge construction technology, focusing on quality, innovation, and long-term investment value. SSCG’s multidisciplinary team includes architects, engineers, and planners who deliver high-end results aligned with international standards. Their projects often become architectural benchmarks in Iran’s evolving real estate sector, combining aesthetics with functionality.
Notable Projects / Prizes:
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Fereshteh Pasargad Hotel & Residential Tower, Tehran
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Marjan Residential Complex, Kish Island
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Award for Excellence in Urban Development, 2021, from the Iran Architecture and Urbanism Conference
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Collaboration with international firms for high-rise developments and luxury complexes in northern Tehran.
2. Naghsh Jahan Pars Consulting Engineers
Location: Tehran, Iran
Naghsh Jahan Pars is a prestigious architecture and real estate development firm known for its visionary projects in Iran and the Middle East. Founded in 1975, the company has contributed to shaping Iran’s urban and cultural landscape through a combination of architectural excellence and strategic planning. Naghsh Jahan Pars has expertise in urban design, large-scale residential developments, and landmark cultural institutions. Their work reflects a balance between modernity and Persian heritage, often integrating sustainability and social impact into each project. They are recognized for both private and governmental collaborations, making them a key player in Iran’s development sector.
Notable Projects / Prizes:
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Iran Mall (among the largest malls in the world)
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National Museum of the Islamic Revolution and Holy Defense, Tehran
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Multiple awards from Iran’s Ministry of Roads and Urban Development
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3. Kayson Inc.
Location: Tehran, Iran
Kayson Inc. is a major international contractor and real estate developer based in Iran, operating across Asia, Africa, and the Middle East. With a focus on infrastructure, industrial facilities, and urban development, Kayson brings large-scale vision and international engineering standards to Iran’s construction landscape. The company is involved in EPC (Engineering, Procurement, Construction) projects and has delivered numerous residential, commercial, and transportation projects over the past four decades. Their real estate division emphasizes affordability, energy efficiency, and urban integration, often collaborating with municipalities to address housing needs in growing urban areas.
Notable Projects / Prizes:
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Tehran Metro Expansion Project
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Shiraz New Town Housing Complex
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Middle East Architect Award Finalist, 2018
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UN-Habitat collaboration for low-income housing
4. Maskan Investment Group (MIG)
Location: Tehran, Iran
Maskan Investment Group, affiliated with Bank Maskan, is a state-backed powerhouse in residential and urban development across Iran. With a mission to solve national housing challenges, MIG has been instrumental in delivering mass housing projects and affordable housing initiatives, particularly through the government’s Mehr Housing Plan. The company is also involved in developing new towns and urban renewal projects, using data-driven planning and modern construction methods. MIG’s large-scale projects are critical in shaping the middle-class housing market in Iran and are supported by strong financial backing and logistical infrastructure.
Notable Projects / Prizes:
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Mehr Housing Projects in over 30 provinces
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Pardis New Town Development
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Recognition from the Ministry of Roads & Urban Development for national housing impact
5. Tose’e va Sakhteman Iran Co. (Iran Construction Development Co.)
Location: Tehran, Iran
Known for luxury real estate and commercial developments, Tose’e va Sakhteman Iran is a private sector leader in delivering high-end residential towers, office buildings, and urban complexes. The company is renowned for integrating premium materials, state-of-the-art technologies, and world-class engineering practices. Their projects reflect a lifestyle-oriented approach, with amenities tailored to elite urban living. Operating primarily in northern Tehran, they cater to high-net-worth individuals seeking design sophistication and investment value.
Notable Projects / Prizes:
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Park Palace Towers, Elahieh
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Diplomat Tower, Niavaran
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Best Luxury Developer – Iran, International Property Awards 2019
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6. Omran Mallek Real Estate Development
Location: Mashhad, Iran
Omran Mallek is a prominent development company based in Mashhad, with a portfolio that includes commercial centers, hotels, and high-rise residential buildings. They are particularly active in tourist-heavy cities such as Mashhad and Kish, focusing on mixed-use developments that blend hospitality, shopping, and urban living. Omran Mallek is known for its elegant architectural style, project delivery speed, and strong market adaptability. The company is a symbol of regional economic growth, combining local craftsmanship with global design influences.
Notable Projects / Prizes:
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Mallek Commercial Complex, Mashhad
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Safiran Residential Project, Kish Island
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Mashhad Urban Development Excellence Award, 2020
7. Sazeh Consultants
Location: Tehran, Iran
Sazeh Consultants is one of Iran’s most experienced engineering and construction firms, known for its multidisciplinary approach to real estate development. With expertise in structural engineering, architectural design, and project management, Sazeh has delivered some of Iran’s most complex and iconic structures. Their work spans high-rise buildings, bridges, and commercial real estate. The company places a strong emphasis on quality assurance and seismic safety — critical factors in Iranian construction. Sazeh also participates in international competitions and research initiatives, ensuring their methods remain cutting-edge.
Notable Projects / Prizes:
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Milad Tower, Tehran (engineering partner)
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Azadi Innovation Factory
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Iran Construction Engineering Excellence Award, multiple years
Top Real Estate Development Projects in Iran
Here are some of the top real estate development projects in Iran, known for their scale, design innovation, and economic impact on the country’s urban landscape:
1. Iran Mall
Location: Tehran
Developer: Ayandeh Bank + Naghsh Jahan Pars + multiple contractors
One of the largest malls in the world, Iran Mall spans over 1.9 million square meters. It combines luxury shopping, a five-star hotel, office towers, sports facilities, a library, art galleries, and a grand mosque. The project symbolizes Iran’s ambition to create multifunctional urban mega-centers that rival global benchmarks.
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2. Fereshteh Pasargad Complex
Location: Elahieh, Tehran
Developer: Setareh Sobh Construction Group
An iconic high-rise in northern Tehran, this mixed-use complex features luxury apartments, a boutique hotel, and commercial spaces. Its striking architecture and premium amenities have made it a new symbol of elite urban living in Iran.
3. Kish Grand Recreational & Tourism Complex
Location: Kish Island
Developer: Kish Free Zone Organization + Private Investors
This major tourism and real estate hub includes luxury resorts, waterfront villas, shopping centers, and conference halls. It is part of Iran’s push to make Kish a regional rival to Dubai and Doha for tourism and investment.
4. Milad Tower and Surrounding Business District
Location: Tehran
Developer: Municipality of Tehran + Sazeh Consultants
While Milad Tower is a telecom and observation structure, the surrounding district includes luxury hotels, business centers, and commercial real estate developed over 20 years. It’s a symbol of Tehran’s urban modernization and skyline identity.
5. Pardis New Town (Shahr-e Jadid Pardis)
Location: East of Tehran
Developer: Maskan Investment Group (MIG)
Part of Iran’s national housing strategy, Pardis is a large-scale satellite city project designed to house over 500,000 residents. The development includes residential blocks, green areas, schools, and hospitals aimed at middle-income families.
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6. Negin Saadi Residential Towers
Location: Saadat Abad, Tehran
Developer: Private Sector Consortium
These high-rise residential towers feature state-of-the-art architecture, smart home systems, private amenities, and panoramic views of the Alborz mountains. Popular among affluent families, the complex represents the new wave of smart-living in Iran.
7. Mashhad Mega Mall & Hotel Complex
Location: Mashhad
Developer: Omran Mallek
Description:
This development combines retail, hospitality, and entertainment facilities for pilgrims and tourists visiting the holy shrine of Imam Reza. It’s one of the city’s most ambitious multi-use real estate projects.
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Resources: aaup | Archdaily | Tehran Times | Financial Tribune | Kayson | Maskan Investment Group | Naghsh Jahan Pars