London-listed Saudi developer Dar Global Jeddah development has announced the acquisition of a prime 28,800 sqm plot in Jeddah. The company will deliver a landmark mixed-use project featuring luxury residences, serviced apartments, retail, and offices.
Moreover, the development will contribute to Jeddah’s urban transformation and align with Saudi Arabia’s Vision 2030. It will enhance the city’s evolving landscape with internationally benchmarked design and architecture.
The project has an estimated gross development value (GDV) of $1 billion. Strategically located near Jeddah’s lifestyle and entertainment districts, it aims to strengthen the city’s position as a hub for investment, business, and modern living.
Ziad El Chaar, CEO of Dar Global, said: “As a company rooted in Saudi Arabia and active in international luxury development, this acquisition represents more than the start of a new project. Furthermore, it reinforces our commitment to the country’s bold future. By combining Saudi expertise in design and development with global delivery standards, we aim to create a landmark destination in the heart of Jeddah.”
In addition, the project will become a landmark address for the city and a gateway to the region’s growth as an international destination for living and investment. It reflects Dar Global’s strategy to integrate local knowledge with global standards, providing a unique urban experience for residents and investors alike.