1 week Ago
As Saudi Arabia marks its National Day, the kingdom’s remarkable journey of growth and transformation is evident. The country’s ambition to become a global destination for luxury living is coming to fruition, and this year, a significant milestone in that vision has been realised. Dar Global, in partnership with Mouawad, the globally renowned jeweller, launches a SR880 million (£180 million) residential project in Riyadh.
This landmark development represents Dar Global’s first venture into the Saudi market and highlights the evolving landscape of luxury real estate in the kingdom. Saudi Arabia is fast emerging as a hub for high-end living, attracting global attention for its innovative developments and progressive approach. The collaboration between Dar Global and Mouawad showcases a fusion of expertise.
Dar Global’s reputation for forward-thinking real estate and Mouawad’s 130-year legacy of craftsmanship and refinement. Together, we aim to deliver a project that epitomizes quality, sophistication, and elegance. The luxury residential villa development is set to become one of Riyadh’s most sought-after addresses and located close to World Expo 2030 in the North of Riyadh.
With 200 four- and five-bedroom villas, every detail of the project is carefully crafted to offer a living experience that combines contemporary design with timeless luxury. More than just residences, these villas are designed to reflect a new standard of living in Saudi Arabia, blending modernity with Mouawad’s artistic excellence. This collaboration marks a bold step into uncharted territory for both brands, bringing unparalleled levels of luxury to the Saudi market.
The project is launching at a time when Saudi Arabia’s real estate sector is becoming increasingly attractive to international investors. The introduction of the Saudi lifetime residency programme for those owning real estate assets over SR4 million has further enhanced the kingdom’s appeal. Riyadh, in particular, is quickly establishing itself as a global destination for luxury living, and developments like this are key to elevating the city’s status.
— Ziad El Chaar is chief executive officer of Dar Global..
