Dar Al Arkan Real Estate (DAAR) () is a Saudi Arabian property development company. It is the largest developer by market value in Saudi Arabia. Based in Riyadh, it was established in 1994. The company has close ties to the Saudi government. Dar Al Arkan converted to a

joint-stock company A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...

in 2005. In December 2007, the company listed its shares on the

Saudi Stock Exchange Saudi Exchange () or Tadāwul () is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal f ...

(Tadawul All Share Index/ Real estate sector) under the symbol 4300. Dar Global, the company's subsidiary, which was established to develop the company's international assets, is listed on the London Stock Exchange.

Projects

Al Munisiya

The project is located on the north east of Riyadh, near Dammam highway. It occupies an area of approximately 285,822 square meters. Its residential section comprises 259 housing units.

Al Abrar Towers

The project is located in Makkah Al-Mukarama, near the

Holy Sacred describes something that is dedicated or set apart for the service or worship of a deity; is considered worthy of spiritual respect or devotion; or inspires awe or reverence among believers. The property is often ascribed to objects (a ...

Haram, and the stoning area, 3 kilometers from the Haram. It consists of 400 residential units, comprising eight towers. The total area of the project is 58.213 sq meters. The project's construction was started in 2003 and completed in 2006. The total value of the project is SAR 97,890,000.

Al Qasr Mall

It is located in Riyadh, Saudi Arabia on an area of 250,000 square meters. Inaugurated in 2013, Al Qasr shopping mall consists of 4 floors and 350 stores. It also includes a food court, a fun zone and large open areas. The mall also contains 4 panoramic elevators, 28 escalators, 8 electric paths and 14 elevators connecting all levels and sections of the mall.

Urban Oasis, Interiors by Missoni

Urban Oasis by Missoni is Dar Al Arkan's first project outside of Saudi Arabia. The building is located in Dubai near the Dubai Water Canal. Once completed, it will offer residential apartments with interiors designed by Missoni. It features one to four bedroom apartments and 38 floors. In addition to the apartments, the tower will offer exclusive common area fully decorated by Missoni. The total value of the project is US$2.18 million.

Shams Ar Riyadh

The project is located north-west of

Riyadh Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. Located on the eastern bank of Wadi Hanifa, the current form of the metropolis largely emerged in th ...

, Saudi Arabia on an area of 5 million square meters, of which 1.2 million square meters are built-up. The project is still under construction. The community contains common areas including restaurants, mosques, commercial retails, schools, malls and health care. It is designed to be a “city within a city”. Dar Al Arkan has already started selling project units.

Mirabilia

The project is located in Riyadh, Saudi Arabia, in Dar Al Arkan's 5 million square meter project, Shams Ar Riyadh. It is composed of upscale villas of 3 to 7 bedrooms designed by Roberto Cavalli. Villas are built on areas ranging from 300 to 1,600 square meters. The total value of the project was SAR 600 million.

Les Vagues residences by Elie Saab

Dar Al Arkan have launched the QR1bn seafront residential project in State of Qatar ‘Les Vagues residences by Elie Saab’ located at the Qetaifan Island North.

W Residences Dubai-Downtown

In February 2022, Dar Al Arkan announced the W Residences Dubai-Downtown, managed by

Marriott International Marriott International, Inc. is an American multinational corporation, multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. Marriott International owns over 37 ho ...

. The property is anticipated to be completed in 2025. It will consist of a tower with 384 exclusive residences and access to an infinity outdoor pool with views of

Burj Khalifa The Burj Khalifa (known as the Burj Dubai prior to its inauguration) is a megatall skyscraper in Dubai, United Arab Emirates. With a total height of 829.8 m (2,722 ft, or just over half a mile) and a roof height (excluding the antenna, but inc ...

, a terrace featuring outdoor dining and a lounge, and all of the W lifestyle amenities. The Residences are within close proximity to the

Dubai International Airport Dubai International Airport () is the primary international airport serving Dubai, United Arab Emirates, and is the world's busiest airport by international passenger traffic as of 2024. It is also the busiest airport in the Middle East as ...

, the

Dubai International Financial Centre The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai covering , established in 2004 as a financial hub for companies operating throughout the Middle East, Africa, and South Asia (MEASA) markets. DIFC is regulated ...

, and

The Dubai Mall Dubai Mall () is the largest shopping mall in Dubai. The mall is part of Downtown Dubai and is located adjacent to the Burj Khalifa. It includes over 1,200 shops. History Dubai Mall was inaugurated on 4 November 2008, with about 1000 reta ...

. In June 2022, Dar Al Arkan began construction for the $272.25 million W Residences Dubai-Downtown property. The already sold-out $1 billion AED development is expected to mark the first standalone residences under the

W Hotels W Hotels is an American hotel chain founded by Starwood Hotels and Resorts but now owned by Marriott International operating around 70 upscale hotels and long-stay apartment facilities worldwide. History W Hotels was launched in 1998 with W ...

brand.

Trump Organization projects

In November 2022, Dar Al Arkan signed an agreement with

The Trump Organization The Trump Organization, Inc. is an American Conglomerate (company), conglomerate. Privately owned by Donald Trump, it serves as the holding company for most of Business career of Donald Trump, Trump's business ventures and investments, with ar ...

for its $4 billion project in

Oman Oman, officially the Sultanate of Oman, is a country located on the southeastern coast of the Arabian Peninsula in West Asia and the Middle East. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen. Oman’s coastline ...

. Known as ''AIDA'', the project is a joint venture with the Oman Tourism Development Company and will include Trump residential villas, a hotel, and a golf course built near

Muscat Muscat (, ) is the capital and most populous city in Oman. It is the seat of the Governorate of Muscat. According to the National Centre for Statistics and Information (NCSI), the population of the Muscat Governorate in 2022 was 1.72 million. ...

. In 2025, Dar Al Arkan's subsidiary Dar Global entered into an agreement with the Trump Organization to build a golf course in Qatar, and a hotel and golf course project in Oman.

References

External links

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Dar Al Arkan On Zawya
{{DEFAULTSORT:Dar Al Arkan Real Estate Development Company Real estate companies established in 1994 Companies listed on Tadawul Real estate companies of Saudi Arabia Companies based in Riyadh Saudi Arabian companies established in 1994