Let It Rain Diamonds: Dar Global and Mouawad Project

PUBLISHED ON

September 24, 2024

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Editorial Team

Dar Global

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September 24, 2024

Editorial Team

Dar Global Joins Forces with Mouawad

Dar Global (LSE: DAR), an international real estate firm listed on the London Stock Exchange, has formed a significant partnership with Mouawad, the renowned luxury jeweler. Together, they are launching a SAR 880 million (GBP 180 million) residential project near World Expo 2030, located in the north of Riyadh.

New Market Entry for Dar Global

This high-profile collaboration is Dar Global’s first venture into the Saudi market, marking a pivotal step in their strategy for international growth. At the same time, the project signifies Mouawad’s move into the luxury residential sector, leveraging its reputation for refined craftsmanship to explore new opportunities.

Development Timeline and Prestige

Scheduled for completion in the fourth quarter of 2026, this luxury development will feature 200 residential villas, making it one of Riyadh’s most prestigious addresses. The project combines Dar Global’s innovative approach to high-end real estate with Mouawad’s legacy of creative artistry and mastery.

CEO’s Vision for the Project

“This is a proud moment for Dar Global as we bring our international expertise and high standards of living to the Saudi market. Our partnership with Mouawad, a brand synonymous with diamonds, luxury and artistic craftsmanship, is an embodiment of our shared vision to offer a unique, globally-inspired living experience in Riyadh. We aspire for this project to stand as a benchmark of luxury and elegance, much like the renowned Bulgari Residences. 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.”

Ziad El Chaar

CEO of Dar Global

Benefits for Property Owners

Properties valued at 4 million Saudi Riyals or more grant owners eligibility for Real Estate Owner Residency under the Saudi Premium Residency program. This initiative, along with co-branded luxury real estate options, is boosting Saudi Arabia’s attractiveness to international investors and enhancing Riyadh’s reputation as a luxury living destination.

Dar Global

Mouawad’s Legacy in Luxury Living

“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. We believe this milestone will set a new standard for luxury living in the real estate market.”

Pascal Mouawad

Fourth Generation Co-Guardian of Mouawad

YOU ASKED…

What is the partnership between Dar Global and Mouawad about?

Dar Global and Mouawad are partnering to launch a SAR 880 million (GBP 180 million) luxury residential project in Riyadh, near World Expo 2030.

When is the luxury development expected to be completed?

The luxury development, consisting of 200 residential villas, is expected to be completed in the fourth quarter of 2026.

Who is eligible for the Saudi Premium Residency program?

Owners of residential properties valued at 4 million Saudi Riyals or more are eligible for the Real Estate Owner Residency under the Saudi Premium Residency program.

What does this project mean for Mouawad?

This project signifies Mouawad’s entry into the luxury residential sector, expanding its legacy of luxury and elegance into branded residences globally.

Media: Courtesy of Dar Global.

Editor’s Note: All listed prices were correct at the time of publication. This article contains editorial selections and paid partnerships. Please note that this article may contain some affiliate links to products and we may receive a commission for selected purchases.

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Let It Rain Diamonds: Dar Global and Mouawad Project

Dar Global

Dar Global Joins Forces with Mouawad

New Market Entry for Dar Global

Development Timeline and Prestige

CEO’s Vision for the Project

Benefits for Property Owners

Dar Global

Mouawad’s Legacy in Luxury Living

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What is the partnership between Dar Global and Mouawad about?

When is the luxury development expected to be completed?

Who is eligible for the Saudi Premium Residency program?

What does this project mean for Mouawad?

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Let It Rain Diamonds: Dar Global and Mouawad Project

Dar Global

Dar Global Joins Forces with Mouawad

New Market Entry for Dar Global

Development Timeline and Prestige

CEO’s Vision for the Project

Benefits for Property Owners

Dar Global

Mouawad’s Legacy in Luxury Living

YOU ASKED…

What is the partnership between Dar Global and Mouawad about?

When is the luxury development expected to be completed?

Who is eligible for the Saudi Premium Residency program?

What does this project mean for Mouawad?

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