Dar Global, an international real estate firm listed on the London Stock Exchange, has announced a significant partnership with luxury jeweler Mouawad to develop an SAR 880 million (£180 million) residential project near World Expo 2030 in northern Riyadh. This collaboration marks Dar Global’s first foray into the Saudi market, signalling a pivotal moment in the company’s strategy for international expansion. Additionally, it represents Mouawad’s entrance into the luxury residential sector, where it aims to leverage its esteemed reputation for exquisite craftsmanship.
The luxury development, consisting of 200 high-end villas, is scheduled for handover in the fourth quarter of 2026. It is set to become one of Riyadh’s most sought-after addresses, combining the innovative real estate solutions of Dar Global with Mouawad’s artistic legacy. The project aims to offer an unparalleled living experience that encapsulates both modernity and elegance.
Under the Saudi Premium Residency program, owners of residential properties valued at 4 million Saudi Riyals, or more are eligible for Real Estate Owner Residency. This initiative, along with the introduction of co-branded luxury real estate offerings, has significantly bolstered the Kingdom’s appeal to international investors. As a result, Riyadh is increasingly recognised as a burgeoning global hub for luxury living.
Ziad El Chaar, CEO of Dar Global, expressed enthusiasm about the partnership, stating, “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 of offering a unique, globally-inspired living experience in Riyadh. We aspire for this project to set a benchmark of luxury and elegance, akin to the renowned Bulgari Residences. It underscores our commitment to enhancing the Kingdom’s real estate landscape with developments that blend modernity, elegance, and timeless design.”
Pascal Mouawad, Fourth Generation Co-Guardian of the Mouawad brand, commented on the partnership, stating, “For more than a century, Mouawad has epitomised luxury and enduring elegance. Our collaboration with Dar Global enables us to expand our legacy into branded residences, infusing our unique identity into prestigious developments worldwide. We believe this milestone will set a new standard for luxury living in the real estate market.”
The partnership comes at a time when the Saudi real estate sector is undergoing significant transformation, with increasing foreign investment and a growing demand for luxury properties. This project not only enhances Riyadh’s profile as a desirable location for high-end living but also showcases the potential for collaborative ventures between traditional luxury brands and innovative real estate developers.
As the development progresses, both companies aim to ensure that the project reflects their commitment to quality and excellence. With the World Expo 2030 on the horizon, this collaboration represents a timely investment in the future of luxury living in Saudi Arabia, poised to attract both local and international interest.
