Image: Dar Global
Dar Global, the London-listed luxury real estate developer, said on Monday it had acquired a 28,800-square-metre plot in Jeddah as part of its plans to develop a branded mixed-use project.
The development will include premium residences, serviced apartments, retail space, and offices, positioning the scheme as a key addition to the city’s ongoing urban transformation.
The project aligns with Saudi Arabia’s Vision 2030, aiming to enhance Jeddah’s appeal for investment, business, and modern living through internationally benchmarked design and architecture.
Project reflects Dar Global’s commitment to the kingdom’s development
Ziad El Chaar, CEO of Dar Global, said: “As a company whose roots are in Saudi Arabia and now stands at the heart of international luxury development, this acquisition represents more than just the first steps of a new project development. Indeed, it reinforces our commitment to the country’s bold future.
“By bringing together Saudi expertise in design and development with global standards of delivery, we aim to create a landmark destination in the heart of Jeddah.”
The acquisition marks Dar Global’s continued focus on high-profile projects in the kingdom, leveraging both local experience and global development standards to contribute to Saudi Arabia’s evolving urban landscape.
Read: Eric Trump on why the Gulf is the future of luxury real estate
