London-listed real estate company, Dar Global, has partnered with luxury jeweler Mouawad to launch a SAR880 million ($234.6 million) residential project near the World Expo 2030 in the northern part of the Saudi capital, Riyadh.
The development marks Dar Global’s entry into the Saudi market and Mouawad’s expansion into luxury real estate, the company said in a statement.
The project is set for completion in Q4 2026. It will comprise 200 residential villas designed to become one of Riyadh’s most prestigious addresses and to blend the expertise of Dar Global in the field of real estate with Mouawad’s legacy.
Property owners with investments of SAR 4 million ($1.06 million) or more will be granted the Real Estate Owner Residency, a statement from Dar Global said.
This initiative aims to attract international investors and enhance Riyadh’s status as a global luxury destination.
Ziad El Chaar, CEO of Dar Global said, “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.”
He added, “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.”
Pascal Mouawad, Fourth Generation Co-Guardian of Mouawad said that, “For more than a century, Mouawad has long been a hallmark of luxury and enduring elegance.”
He noted, “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.”
For Dar Global, the project is part of a broader strategy to introduce international luxury standards to Saudi Arabia’s real estate sector.
With a proven track record across the Middle East and Europe, Dar Global is committed to introducing internationally recognized standards of luxury to Saudi Arabia.
