Dar Global, the London Stock Exchange-listed international real estate company, has partnered with luxury jeweller Mouawad to launch a SAR880 million ($235 million approximately) residential project in Riyadh, Saudi Arabia.
The development, located near the World Expo 2030 site in the north of the city, marks Dar Global’s entry into the Saudi market and Mouawad’s expansion into luxury real estate.
The project, set for completion in Q4 2026, will comprise 200 residential villas designed to blend contemporary aesthetics with timeless elegance. It aims to become one of Riyadh’s most prestigious addresses, catering to discerning buyers seeking sophisticated living spaces.
Jeweller Mouawad expands into real estate with Riyadh luxury villas
“This is a proud moment for Dar Global as we bring our international expertise and high standards of living to the Saudi market. Our partnership with Mouawad, a brand synonymous with diamonds, luxury and artistic craftsmanship, is an embodiment of our shared vision to offer a unique, globally-inspired living experience in Riyadh. We aspire for this project to stand as a benchmark of luxury and elegance, much like the renowned Bulgari Residences. It underscores our commitment to enhancing the Kingdom’s real estate offering with developments that stand at the intersection of modernity, elegance, and timeless design,” Ziad El Chaar, CEO of Dar Global said.
The development aligns with Saudi Arabia’s Premium Residency programme, which grants Real Estate Owner Residency to property owners with investments of SAR 4 million or more.
This initiative aims to attract international investors and enhance Riyadh’s status as a global luxury destination.
“For more than a century, Mouawad has long been a hallmark of luxury and enduring elegance. Our collaboration with Dar Global enables us to expand our legacy into the realm of branded residences, infusing our unique identity into prestigious developments around the world. We believe this milestone will set a new standard for luxury living in the real estate market,” Pascal Mouawad, Fourth Generation Co-Guardian of Mouawad added.
The project represents a significant milestone for both companies. For Dar Global, it’s part of a broader strategy to introduce international luxury standards to Saudi Arabia’s real estate sector.
For Mouawad, it marks the brand’s first venture into luxury residential development, leveraging its 130-year heritage in fine jewellery and watchmaking.
The collaboration aims to set a new benchmark for luxury living in Riyadh, drawing parallels with renowned developments like the Bulgari Residences.
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