Dar Global unveils SAR 880M residential project in Riyadh

24/09/2024 Argaam
Logo ofDar Global Co.

Logo of Dar Global Co.

London-listed Dar Global Co., the international development arm of Dar Alarkan Real Estate Development Co., entered into a partnership with Mouawad, a luxury jeweler, to launch a SAR 880 million (£ 180 million) residential project close to World Expo 2030 in north Riyadh.
 

The collaboration marks Dar Global’s debut in the Saudi market, the company said in a statement to Argaam.

 

For more news and details on the projects

 

The development will have 200 luxury residential villas, with handover starting in Q4 2026.

 

Owners of residential properties worth SAR 4 million and above are eligible for Real Estate Owner Residency under the Saudi Premium Residency program.

 

According to data available with Argaam, LSE-listed Dar Global was established in 2017. It is an 88%-owned subsidiary of Dar Al Arkan.  

 

In June, Dar Global CEO Ziad El Chaar said that the company intended to further expand and invest in Saudi Arabia, adding that it had begun studying the plans since the issuance of the decision to allow foreign ownership of real estate.

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