On Monday, Dar Global, a luxury real estate developer based in London, announced its acquisition of a significant 28,800-square-meter site in Jeddah, aimed at launching a branded mixed-use project.
This new development will feature upscale residences, serviced apartments, shopping areas, and office spaces, establishing the project as an essential contributor to the urban transformation currently underway in the city.
The initiative aligns with Saudi Arabia’s Vision 2030, which seeks to boost Jeddah’s attractiveness for investment, entrepreneurship, and modern living through world-class design and architecture.
Project symbolizes Dar Global’s dedication to the country’s progress
Ziad El Chaar, the CEO of Dar Global, remarked, “As a business with origins in Saudi Arabia that now plays a pivotal role in global luxury development, this acquisition signifies more than just the initiation of a new project. It underscores our commitment to the country’s ambitious future.”
“By integrating local expertise in design and development with international delivery standards, we aim to establish a landmark destination in central Jeddah.”
This acquisition further emphasizes Dar Global’s ongoing dedication to high-profile initiatives in the kingdom, utilizing both regional knowledge and global development practices to enhance Saudi Arabia’s evolving urban landscape.