Dar Global to Develop $1 Billion Mixed-Use Project in Jeddah

Jeddah, Saudi Arabia- September 18, 2025 - London-listed luxury real estate developer Dar Global has announced plans to launch a landmark mixed-use development in Jeddah, marking a major milestone in the company’s growth strategy and Saudi Arabia’s ongoing urban transformation.

The development will be built on a prime 28,800 square meter plot, strategically located within one of Jeddah’s most forward-looking masterplans. With an estimated gross development value (GDV) of $1 billion, the project will feature premium residences, serviced apartments, high-end retail outlets, and modern office spaces, creating a dynamic community that caters to residents, investors, and businesses alike.

Positioned near Jeddah’s key lifestyle and entertainment destinations, the project aims to enhance the city’s urban landscape and provide a benchmark for luxury living and mixed-use development.

Supporting Vision 2030

The initiative aligns closely with Saudi Arabia’s Vision 2030, a national strategy focused on transforming the Kingdom into a global hub for business, investment, tourism, and modern living. By integrating internationally benchmarked design, architecture, and development practices, the project will contribute to Jeddah’s positioning as a world-class city.

Ziad El Chaar, CEO of Dar Global, emphasized the significance of the acquisition and the company’s dedication to the Kingdom’s future.

“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.”

Blending Local Identity with Global Standards

The project will integrate residential, hospitality, retail, and commercial components, reflecting Dar Global’s strategy of creating luxury developments that combine local culture and identity with international best practices.

Once completed, this flagship project is expected to play a pivotal role in shaping Jeddah’s growth, supporting its transformation into a world-class destination for living, leisure, and investment, while attracting international interest and delivering strong value to the local economy.