Dar Global and Mouawad Launch Spectacular Residential Villas
Dar Global Partners with Mouawad for an Exciting Project
Dar Global, an internationally recognized real estate company listed on the London Stock Exchange under the ticker LSE: DAR, is thrilled to announce a groundbreaking partnership with Mouawad, a premier luxury jeweler. Together, they are embarking on a SAR 880 million residential project that is set to redefine luxury living. This strategic collaboration not only highlights Dar Global's ambitious expansion into the Saudi market but also marks Mouawad's exciting entry into the luxury residential sector.
A Luxurious Future in Residential Living
The residential project, comprising 200 exquisite villas, is designed to become one of the most sought-after addresses in Riyadh. Set to be handed over in the fourth quarter of 2026, these villas will showcase the innovative strengths of Dar Global alongside the exceptional craftsmanship that Mouawad is known for. The partnership exemplifies both companies’ commitment to quality and luxurious living experiences.
The Unique Features of the Project
What makes this project particularly enticing is the exclusive eligibility for Real Estate Owner Residency. Owners of properties valued at 4 million Saudi Riyals and above can benefit from this initiative under the Saudi Premium Residency program. This not only boosts the real estate market's appeal but also positions Riyadh as a vital luxury living destination for both local and international investors.
Voices Behind the Partnership
Ziad El Chaar, the CEO of Dar Global, expressed his enthusiasm for this monumental step: "This collaboration with Mouawad signifies a proud moment for us as we introduce our global expertise to a new market. By uniting our strengths, we aim to create a benchmark for luxury and elegance similar to the acclaimed Bulgari Residences. This project embodies our dedication to providing sophisticated and timeless design that resonates with modern living standards."
On the other hand, Pascal Mouawad, the Fourth Generation Co-Guardian of Mouawad, also emphasized the historical significance of this venture: "Mouawad has been synonymous with luxury and elegance for over a hundred years. Partnering with Dar Global allows us to weave our legacy into the fabric of high-end real estate. We are confident that this initiative will elevate the standards of luxury living across the real estate landscape."
The Vision for Riyadh's Luxury Market
The collaboration between Dar Global and Mouawad is strategically aligned with the Kingdom's vision to enhance its real estate offerings and attract more international investors. By infusing luxury into residential spaces, they are not only expanding their brands but also contributing to the broader narrative of Saudi Arabia as a noteworthy destination for quality living and investment.
Setting New Standards for Luxury Living
This project sets an ambitious benchmark in the luxury sector, merging modern design with classic elements of craftsmanship. As they progress, both companies continue to demonstrate their commitment to innovating and elevating quality in real estate development, paving the way for future premium offerings.
Frequently Asked Questions
What is the scale of the residential project?
The project consists of 200 luxury villas aimed at providing a premium living experience.
When is the estimated handover date for the residential project?
The villas are set for handover in the fourth quarter of 2026.
Who are the main stakeholders in this project?
The primary stakeholders are Dar Global and Mouawad, both recognized leaders in their respective fields.
What is the price eligibility for the Saudi Premium Residency?
Properties valued at 4 million Saudi Riyals and above qualify for Real Estate Owner Residency under the Saudi Premium Residency program.
How does this collaboration benefit Saudi Arabia's real estate market?
This collaboration enhances Saudi Arabia's appeal to international investors and establishes Riyadh as a luxury living destination, building on the country's growing reputation in global markets.
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