Dar Global Partners with Mouawad for Luxury Villas Launch
Exciting Collaboration between Dar Global and Mouawad
In a significant move that showcases the intersection of luxury and real estate, Dar Global, an international company listed on the London Stock Exchange, has announced an exciting partnership with the esteemed luxury jeweler Mouawad. Together, they are set to launch a stunning residential project valued at SAR 880 million, which is approximately GBP 180 million. This endeavor marks Dar Global's entry into the Saudi market and indicates a strategic expansion to meet the growing demand for luxury living in the region.
A Unique Luxury Residential Development
The upcoming development will feature 200 exquisite villas designed to redefine luxury in residential living. These villas are planned to be completed and handed over by the fourth quarter of 2026, promising to become one of the most sought-after addresses in the area. The combination of Dar Global's innovative approach to real estate and Mouawad's legacy of artistic craftsmanship positions this project at the forefront of luxury residential offerings.
The Importance of Luxury Living in Riyadh
As Saudi Arabia continues to enhance its attractiveness to international investors, this project aligns perfectly with the Kingdom's vision. Notably, it caters to buyers who hold properties worth above 4 million Saudi Riyals, granting them eligibility for Real Estate Owner Residency under the Saudi Premium Residency program. This dual initiative not only elevates Riyadh's status as a lavish living destination but also signals a new era of investment potential in the Kingdom.
Insights from the Leaders
Ziad El Chaar, the CEO of Dar Global, expressed pride in this partnership: "This is a proud moment for Dar Global as we bring our international expertise and high standards of living to the Saudi market. Our collaboration with Mouawad, a brand synonymous with diamonds, luxury and artistic craftsmanship, embodies our shared vision to offer a unique, globally-inspired living experience." He emphasized aspirations for the project to become a benchmark of luxury and elegance in the region.
A Lasting Legacy in Luxury
Pascal Mouawad, a fourth-generation co-guardian at Mouawad, highlighted the importance of legacy: "For more than a century, Mouawad has been a hallmark of luxury and enduring elegance. Our collaboration with Dar Global enables us to infuse our unique identity into prestigious developments around the world. This milestone is set to establish a new standard for luxury living in the real estate market." Their partnership aims to elevate the luxury residential sector by marrying grandeur with quality.
The Future of Luxury Real Estate
As the first of its kind for both companies in this region, this project holds immense promise. The synergy between Dar Global’s innovative real estate solutions and Mouawad’s artistic excellence is expected to attract a range of discerning clients. The emphasis on high-quality living experiences is further predicted to contribute to the rising demand for luxury residences in the Kingdom.
Conclusion: An Exciting New Chapter
The collaboration between Dar Global and Mouawad signals a transformational moment in luxury real estate, especially within the Saudi market. With innovative designs and a commitment to quality, this landmark project is set to enrich the lives of future residents while enhancing the global reputation of luxury living in Riyadh.
Frequently Asked Questions
What is the partnership between Dar Global and Mouawad about?
The partnership focuses on launching a luxury residential project valued at SAR 880 million, marking an entry into the Saudi real estate market.
How many villas will be part of the new project?
The project will feature 200 luxury villas, designed to provide a unique living experience.
When is the residential project expected to be completed?
The project is slated for handover in the fourth quarter of 2026.
What benefits does the Saudi Premium Residency program offer?
Owners of properties worth 4 million Saudi Riyals and above can benefit from the Real Estate Owner Residency under this program.
Who is Ziad El Chaar?
Ziad El Chaar is the CEO of Dar Global and expressed pride in the collaboration with Mouawad, emphasizing its significance in offering luxury living experiences.
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