DarGlobal acquires prime plot in Jeddah to develop landmark branded mixed-use scheme

Dar Global, the London-listed luxury real estate developer, has announced the acquisition of a prime 28,800 sqm plot within one of Jeddah’s most forward-thinking masterplans in the Kingdom of Saudi Arabia. On this site, Dar Global will develop a mixed-use project featuring premium residences, serviced apartments, retail, and offices, in what will be a key addition to Jeddah’s ongoing transformation. 

The project supports Saudi Arabia’s Vision 2030 by contributing to the country’s evolving urban landscape with internationally benchmarked design and architecture - enhancing Jeddah’s appeal as a destination for investment, business, and modern living. 

Commenting on the acquisition, Dar Global CEO, Ziad El Chaar, 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.” 

Strategically located near Jeddah’s key lifestyle and entertainment destinations, the project will serve as a premium destination with an estimated gross development value (GDV) of USD 1 billion. With its mix of residences, hospitality, retail, and office spaces, it will serve as both a landmark address for the city and a gateway to Jeddah’s future growth as an international hub for living and investment.