Dar Global, the London-listed luxury real estate developer, has announced the acquisition of a significant 28,800 sqm plot in Jeddah, set within one of the city’s most forward-looking masterplans. The developer will transform the site into a landmark mixed-use destination, blending premium residences, serviced apartments, retail, and office spaces.
The project is aligned with Saudi Arabia’s Vision 2030, contributing to the nation’s evolving urban landscape by incorporating international standards of design and architecture. The development is expected to strengthen Jeddah’s position as a modern hub for business, investment, and lifestyle.
“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,” said Ziad El Chaar, CEO of Dar Global.
Strategically positioned close to Jeddah’s key lifestyle and entertainment districts, the development carries an estimated gross development value of USD 1 billion. With its mix of residential, hospitality, retail, and commercial spaces, the project is expected to become a defining address in the city and a gateway to its continued transformation into a global destination for investment and modern living.
Dar Global has established itself internationally as a developer of exclusive luxury projects across major cosmopolitan markets. Through partnerships with renowned global brands including Trump Organization, Aston Martin, Automobili Lamborghini, Fendi, ELIE SAAB, Marriott Residences, Missoni, Mouawad, Pagani Automobili, and W Hotels, the company delivers unique opportunities for high-net-worth investors seeking both lifestyle and wealth preservation.
Listed on the London Stock Exchange, Dar Global extends its role beyond real estate development, positioning itself as a driver of economic transformation by attracting international investment and contributing to local infrastructure. The company’s portfolio spans 14 international cities across nine countries, including the UK, Spain, Greece, Saudi Arabia, the UAE, Oman, and Qatar, with active expansions into world-class hospitality through luxury hotels in Dubai, the Maldives, and Oman.
Supporting its growing global client base, Dar Global operates sales and service offices in key cities such as New York, London, Marbella, Athens, Dubai, Jeddah, Riyadh, Muscat, and Doha.