International Real Estate developer, Dar Global has partnered with luxury jeweler Mouawad to launch a $235 million luxury residential project in North Riyadh near World Expo 2030 site.
This residential project is due to feature 200 elegant villas much like the renowned Bulgari Residences and aims to elevate Riyadh’s status as a global luxury destination.
This project is set to be completed by 2026 and marks Dar Global’s entry into Saudi Arabia and Mouawad’s first venture into real estate.
Introducing Riyadh’s Residential Project
Riyadh’s Residential project, valued at an impressive SAR 880 million (approximately $234.6 million) by Dar Global, the London Stock Exchange-listed International Real Estate Developer and renowned luxury jeweler Mouawad, is poised to redefine the standards of luxury living in the Saudi capital.
Strategically located in the northern part of Riyadh, near the highly anticipated World Expo 2030 site, this luxury development is set to become one of the city’s most coveted addresses.
Scheduled for completion in the fourth quarter of 2026, the project will comprise an exclusive collection of 200 elegantly designed residential villas.
Riyadh’s Residential Project Design
While details about the architectural and design elements of the residences are yet to be unveiled, the project promises to blend contemporary design with meticulous attention to detail and timeless elegance.
Each residence will embody the brand’s commitment to quality and luxury, offering a unique blend of sophisticated aesthetics and enduring style tailored to the most discerning buyers.
Dar Global aspires to establish this project as a benchmark for luxury and elegance, akin to the renowned Bulgari Residences.
Ziad El Chaar said,
“It underscores our commitment to enhancing the Kingdom’s real estate offering with developments that stand at the intersection of modernity, elegance, and timeless design,”
Strategic Saudi Market Entry
This high-profile partnership marks a significant milestone for both companies. For Dar Global, it represents its debut in the Saudi market, a strategic move in line with its international expansion strategy.
On the other hand, the project signifies Mouawad’s entry into the luxury residential sector, leveraging its reputation as a leader in refined craftsmanship to extend its operations into real estate.
Ziad El Chaar, CEO of Dar Global, expressed his enthusiasm for the partnership, stating,
“This is a proud moment for Dar Global as we bring our international expertise and high living standards to the Saudi market. Our partnership with Mouawad, a brand synonymous with diamonds, luxury, and artistic craftsmanship, embodies our shared vision to offer a unique, globally-inspired living experience in Riyadh.”
Blending Expertise and Artistry
The collaboration between Dar Global and Mouawad promises to deliver a unique living experience that blends the expertise of both brands. Dar Global, renowned for its innovative approach to high-end real estate, will contribute its international expertise to delivering exceptional living standards.
Conversely, Mouawad will infuse the project with its creative and artistic mastery legacy, ensuring that each residence embodies the pinnacle of luxury and timeless elegance.
Eligible for Saudi Premium Residency
One of the key features of this exclusive development is the eligibility for the Real Estate Owner Residency program under the Saudi Premium Residency Program. Owners of residential properties valued at SAR 4 million ($1.06 million) or more can be granted this prestigious residency status.
This initiative, coupled with the co-branded luxury real estate offerings, is expected to increase the Kingdom’s appeal to international investors and further enhance Riyadh’s status as an emerging global destination for luxury living.
Dar Global’s Debut in Saudi Arabia
Dar Global’s debut in the Saudi market is part of the company’s broader strategy to introduce its internationally recognized standards of luxury to the Kingdom’s growing real estate sector.
With an established track record across the Middle East and Europe, Dar Global is well-positioned to deliver unparalleled sophistication to a market increasingly defined by discerning, globally mobile buyers.
Mouawad’s Expansion to Real Estate
For Mouawad, a brand renowned for crafting exquisite jewels, this venture into luxury real estate marks a significant milestone in its illustrious history, spanning over 130 years.
This milestone project will set a new standard for luxury living in the real estate market, reflecting the brand’s commitment to excellence and refined craftsmanship.
Pascal Mouawad, Fourth Generation Co-Guardian of Mouawad, commented,
“For more than a century, Mouawad has long been a hallmark of luxury and enduring elegance. Our collaboration with Dar Global enables us to expand our legacy into the realm of branded residences, infusing our unique identity into prestigious developments around the world.”
Enhancing Riyadh’s Luxury Offerings
The partnership between Dar Global and Mouawad is a testament to the growing appeal of Riyadh as a global luxury destination.
By introducing internationally recognized standards of luxury and combining the expertise of two renowned brands, this project is poised to elevate the city’s real estate offerings and cater to the discerning tastes of a global clientele.
Redefining Luxury Living in Riyadh
The partnership between Dar Global and Mouawad represents a significant milestone in the evolution of Riyadh’s luxury real estate landscape.
By combining the expertise of an international real estate developer with the artistic mastery of a renowned jeweler, this exclusive residential project promises to redefine the standards of luxury living in the Saudi capital.
Dar Global and Trump Tower in Jeddah
Dar Global has also partnered with US Trump Organisation to announce plans to launch a Trump Tower in Jeddah, Saudi Arabia.
This venture is the Trump Organization’s first collaboration in Saudi Arabia, aiming to blend ultra luxury with Jeddah’s rich cultural traditions.
The partnership seeks to elevate luxury living in Jeddah and draw global investors to Saudi Arabia.
More Transformative Projects in Riyadh
The highly anticipated Avenues Riyadh project, valued at $4.58 billion, has reached 44.5% completion and is scheduled to open in early 2026.
Situated in northern Riyadh, this iconic development, inspired by Salmani architecture, will cover 390,000 square meters and host one of the Middle East’s largest malls.
It will also feature three luxury hotel towers: Waldorf Astoria, Canopy by Hilton, and Conrad. This project supports Saudi Vision 2030’s goal of making Saudi Arabia a leading global tourist destination.
Boulevard Business Park
Saudi Arabia’s General Entertainment Authority has unveiled plans for a $266 million business park at Boulevard City in Riyadh.
Named the “[Boulevard Business Park],” this new project will consist of nine buildings with views of the Boulevard City Fountain, an outdoor art gallery, and a suspended pool.
The initiative aims to promote creativity, innovation, and support for entrepreneurs and businesses, in line with Saudi Vision 2030.
Riyadh Metro Project
The Riyadh Metro Project is set to launch soon, emerging as one of the globe’s largest public transportation systems, with the capacity to serve up to 3.6 million passengers daily.
Stretching across 176 kilometers, the network will include 6 lines and 84 stations, linking major spots across Riyadh, such as King Khalid International Airport, KAFD, and the city center.
Global Sports Tower
Saudi Arabia has unveiled plans for The Global Sports Tower in Riyadh, which is set to become the world’s tallest sports tower.
This 130-meter towering structure will be located in The Sports Boulevard, one of the major projects in Riyadh.
It is expected to include various world-class sports facilities, such as the highest indoor climbing wall in the world and a running track on its rooftop.
Riyadh Sports Boulevard
The Riyadh Sports Boulevard has been designed to be the longest linear park in the world, with the purpose of connecting the Wadi Hanifa in the western part of Riyadh to the Wadi Al Sulai in the eastern part of the city, spanning a total distance of 135km.
This project aims to transform Riyadh into one of the world’s most livable and healthy cities. The development plans to include various pathways, bike lanes, and horse riding trails, covering a vast area of 4.4 million square meters of green spaces.
The impressive initiative will also consist of 8 exceptional districts, such as an athletics district, an entertainment district, and an arts district.
New Murabba
The most recent video demonstrates significant advancements in the construction of the New Murabba, the largest contemporary downtown in northwest Riyadh.
A remarkable 5 million cubic tonnes of soil have already been removed, and the project is making notable headway.
This ambitious venture covers an area of 19 square kilometers and will include the distinctive cube-shaped Mukaab at its heart, capable of holding 20 Empire State Buildings.
King Salman Park
King Salman Park, the largest urban park in the world, is scheduled to open in 2024, covering a total area of 16 square kilometers.
The park includes 11 square kilometers of greenery and water features in the heart of Riyadh.
Its major attractions will be a Royal Arts Complex, an equestrian center, an 850,000-square-meter Royal golf course, and the city’s first skydiving center.
In addition, the park will offer over 2,000 hotel rooms and aims to elevate the quality of life in the city, following the goals of Saudi Vision 2030, thereby improving Riyadh’s global ranking.
AL-URUBAH Park
The Royal Commission for Riyadh City has recently announced the construction of one of the biggest parks in the city, Al-Uruba Park.
This park, spanning over 754,000 square meters, will include a 3-kilometer long panoramic path, standing 12 meters high, specifically designed to offer breathtaking views of Riyadh.
The park’s landscape will be adorned with more than 600,000 trees and shrubs, covering 65% of the park’s total area, will embellish its landscape.
Al-Uraba Park is a significant part of the Green Riyadh Program. It aims to plant 7.5 million trees in Riyadh to reduce the city’s temperature and air pollution levels and ultimately make it one of the world’s most desirable places to live.
Riyadh Rise Tower
Saudi Arabia Holding Co. has unveiled its plans for the Rise Tower, which is set to become the world’s tallest skyscraper in Riyadh, surpassing even the renowned Burj Khalifa. The unveiling of Rise Tower’s plans is a significant component of the broader North Pole Project in Riyadh.
Rise Tower is anticipated to exceed 828 meters to outshine the Burj Khalifa. There are speculations that Rise Tower might ascend to a staggering 2 kilometers, doubling the Burj Khalifa’s current height.
With these transformative projects, Riyadh, one of the world’s top 15 fastest-growing cities, is transforming into a city known for its accessibility and quality of life to become among the world’s top 10 cities with an investment of $1 trillion over the next seven years.
Keep Reading: The Avenues Riyadh is Now 44.5% Complete and on Track to Open in Early 2026
