Wedoany.com Report-Sept. 18, Dar Global, a luxury real-estate developer, has acquired a 28,800m² plot in Jeddah, Saudi Arabia, to launch a large-scale mixed-use project. The site is strategically located near key lifestyle and entertainment areas of the city. The development will feature residential units, serviced apartments, retail spaces, and offices, aiming to create a new destination that combines living, leisure, and business in one integrated space.
The new project is strategically located near major lifestyle and entertainment hubs in Jeddah.
According to the company, the project is expected to reach a gross development value (GDV) of $1 billion. The initiative is aligned with Saudi Arabia’s Vision 2030 program, which emphasizes enhancing urban design and architecture to support modern lifestyles and economic growth. Dar Global highlighted that the development is intended to become a landmark in Jeddah, strengthening the city’s role as an emerging global hub for living and investment.
Ziad El Chaar, CEO of Dar Global, expressed the importance of the project: “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.” His statement reflects the company’s intention to combine local strengths with international quality standards.
Earlier this year, Dar Global also announced a collaboration with The Trump Organization to create the Trump International Golf Club. This luxury golfing destination is planned within the Simaisima development, located approximately 40 kilometers north of Doha. The project will cover an area of around 790,000m² and include an 18-hole golf course, a clubhouse, and premium villas offering beach access and views of the golf course.
With the acquisition in Jeddah and its international partnerships, Dar Global continues to strengthen its profile as a developer of high-end real estate projects. The company’s latest initiative underscores its focus on combining luxury, functionality, and innovation in property development.
The Jeddah project, positioned as a future landmark, will integrate residential, commercial, and lifestyle elements. It reflects a growing demand for multi-purpose urban spaces that offer both convenience and premium living experiences. The initiative also supports the broader transformation goals outlined in Saudi Arabia’s Vision 2030, which aims to diversify the economy and modernize urban environments.
Through this project, Dar Global reinforces its role in shaping contemporary real estate landscapes, combining its Saudi roots with an international development perspective. The company expects the Jeddah development to attract residents, businesses, and investors, serving as a new benchmark in luxury mixed-use design.
