Dar Global, a London Stock Exchange-listed real estate company, has joined forces with luxury jeweller Mouawad to launch a SAR 880M ($235M) residential project in Riyadh, Saudi Arabia.
Located near the World Expo 2030 site in the city’s north, this marks Dar Global’s first venture into the Saudi market and Mouawad’s entry into luxury real estate.
The project, expected to complete by Q4 2026, will feature 200 villas, merging modern design with timeless sophistication. It aims to be one of Riyadh’s most prestigious residential addresses, targeting buyers seeking exclusive living spaces.
“This is a proud milestone for Dar Global, bringing our international expertise to Saudi Arabia. Our collaboration with Mouawad reflects our vision of offering a unique, luxury living experience in Riyadh. Like the Bulgari Residences, we aim to create a new benchmark for luxury,” said Ziad El Chaar, CEO of Dar Global.
The development is aligned with Saudi Arabia’s Premium Residency programme, which offers Real Estate Owner Residency to those investing SAR 4 million or more, further positioning Riyadh as a luxury global destination.
“Mouawad has long been a symbol of luxury. Partnering with Dar Global allows us to extend our legacy into branded residences, setting a new standard for luxury living,” said Pascal Mouawad, Fourth Generation Co-Guardian of Mouawad.
This project is a key milestone for both brands. For Dar Global, it is part of their strategy to introduce international luxury standards into Saudi Arabia’s real estate sector, while for Mouawad, it marks their debut in residential development, building on their 130-year heritage in fine jewellery.