Dar Al Arkan Real Estate Development Company

Dar Al Arkan Real Estate Development Company, commonly known as Dar Al Arkan, is a Saudi property developer headquartered in Riyadh. Established in 1994, the company develops residential, commercial, and mixed-use real estate, with activity centered on large master-planned communities and branded luxury residences. Its portfolio includes villas, apartments, towers, retail destinations, and supporting community infrastructure. The company became a joint-stock company in 2005 and listed its shares on the Saudi Stock Exchange in December 2007 under symbol 4300. It is described in the reference material as one of Saudi Arabia's largest developers by market value and as having close relationships with Saudi public-sector institutions. The company operates in a market shaped by urban expansion, housing demand, tourism development, and the Kingdom's broader economic-diversification agenda. Dar Al Arkan's Saudi projects include developments in Riyadh, Jeddah, and Makkah. Shams Ar Riyadh is a large northwestern Riyadh development conceived as a self-contained urban district, with residential areas, retail, restaurants, schools, mosques, healthcare facilities, and other shared amenities. The company's Riyadh portfolio also includes Al Qasr Mall, a major shopping destination, and the Mirabilia villa project, which forms part of the Shams Ar Riyadh development and uses interiors associated with designer Roberto Cavalli. Other projects described in published material include Al Munisiya in northeastern Riyadh and Al Abrar Towers near the Haram in Makkah. The company has also pursued international expansion through branded and design-led real estate. Urban Oasis, Interiors by Missoni, in Dubai, was described as Dar Al Arkan's first project outside Saudi Arabia. Later initiatives included W Residences Dubai-Downtown, managed by Marriott International, and Les Vagues residences by Elie Saab on Qetaifan Island North in Qatar. The company's international development activities have also been associated with DarGlobal, a subsidiary created to develop international assets; DarGlobal is separately listed on the London Stock Exchange. Dar Al Arkan's market positioning combines large-scale development capability with premium design and hospitality partnerships. Collaborations referenced in public materials include Missoni, Roberto Cavalli, Elie Saab, W Hotels, and The Trump Organization. These partnerships allow the developer to market residences through recognizable lifestyle, fashion, and hospitality brands rather than relying solely on conventional housing specifications. The company remains an active Saudi-listed developer. Publicly described projects indicate an ongoing strategy of combining domestic master-planned communities with international luxury residential, tourism, and hospitality-linked developments. Specific completion dates, financial results, current executives, ownership details, and the present status of individual projects should be checked against current company filings because the available reference material does not establish all of those details.

Dar Al Arkan was established in Riyadh in 1994 as a Saudi real estate development company. Its business developed around the creation of residential and commercial property, particularly large projects that combine housing with retail, services, and community facilities. The company's activities reflect the rapid growth of Saudi urban centers and the continuing demand for formal residential developments. A significant corporate milestone came in 2005, when Dar Al Arkan converted into a joint-stock company. In December 2007, it listed its shares on the Saudi Stock Exchange under symbol 4300. The listing gave the company access to public capital markets and established it as one of the principal publicly traded real estate names in Saudi Arabia. The company has also been described as maintaining close ties to the Saudi government, although the available material does not specify the precise nature or current extent of those relationships. During its Saudi expansion, Dar Al Arkan developed projects in Riyadh and Makkah. Al Abrar Towers in Makkah was constructed near the Haram and consisted of eight residential towers containing approximately 400 units. In Riyadh, the Al Munisiya project was planned on land near the Dammam highway and included 259 housing units. The company also developed Al Qasr Mall, a large retail destination in Riyadh that opened in 2013 with multiple floors, hundreds of stores, food and entertainment facilities, and extensive vertical and pedestrian circulation. Shams Ar Riyadh became one of the company's most prominent master-planned projects. Located in northwestern Riyadh, it was planned across a very large site and marketed as a city-within-a-city. Its proposed elements included residences, restaurants, mosques, retail, schools, malls, healthcare facilities, and public or shared spaces. Mirabilia, an upscale villa component within Shams Ar Riyadh, was associated with Roberto Cavalli and offered villas in several sizes and bedroom configurations. Dar Al Arkan subsequently broadened its geographical and branding strategy. Urban Oasis, Interiors by Missoni, in Dubai, was presented as the company's first project outside Saudi Arabia. The residential tower used Missoni-designed interiors and included apartments ranging from one to four bedrooms. Other international projects followed, including Les Vagues residences by Elie Saab in Qatar and W Residences Dubai-Downtown, a Dubai project managed by Marriott International. These projects positioned the company in the branded-residence segment, where real estate is marketed through design, hospitality, and lifestyle affiliations. International development has also been conducted through DarGlobal, a subsidiary described as having been established to develop international assets and separately listed in London. Dar Al Arkan and its affiliated international platform have announced projects involving The Trump Organization, including AIDA in Oman and later projects connected with Qatar, Oman, and the Maldives. Together, these activities show a strategy that combines Saudi-scale development expertise with overseas luxury and tourism-oriented real estate. The available source material confirms the company's continued activity and broad project pipeline but does not provide a complete current account of its management, ownership, financial performance, or the completion status of every project. Those matters require verification from current company disclosures and exchange filings.

1. 2022W Residences Dubai-Downtown announced

   The company announced a W-branded residential tower in Dubai-Downtown, managed by Marriott International.

   Source
2. 2022AIDA agreement in Oman

   Dar Al Arkan announced an agreement with The Trump Organization for the AIDA residential, hotel, and golf development near Muscat.

   Source
3. 2013Al Qasr Mall inaugurated

   Dar Al Arkan's Al Qasr Mall in Riyadh was inaugurated as a large shopping and entertainment destination.

   Source
4. 2007Saudi stock-market listing

   Dar Al Arkan listed on the Saudi Stock Exchange in December under the trading symbol 4300.

   Source
5. 2006Al Abrar Towers completed

   The Al Abrar Towers residential project in Makkah was reported as completed after construction began in 2003.

   Source
6. 2005Conversion to a joint-stock company

   The company converted into a joint-stock company, an important step before its public-market listing.

   Source
7. 1994Company established

   Dar Al Arkan was established in Riyadh as a Saudi real estate development company.

   Source

A large-scale Saudi developer combining master-planned residential communities with premium and internationally branded real estate.

• Shams Ar RiyadhMaster-planned residential and mixed-use community

  Shams Ar Riyadh is a large master-planned development in northwestern Riyadh. It was conceived as a self-contained urban district, combining residential units with restaurants, mosques, retail, schools, malls, healthcare facilities, and shared community areas. The project is intended to function as a city within a city and includes the Mirabilia luxury villa component. Public descriptions indicate that units were marketed while the broader development remained under construction.

• Al MunisiyaResidential development

  Al Munisiya is a residential project in northeastern Riyadh near the Dammam highway. The published description places the development on a site of approximately 285,822 square meters and identifies 259 housing units in its residential section.

• Al Abrar TowersResidential towers2003

  Al Abrar Towers is a Makkah residential development near the Haram and the stoning area. It consists of eight towers and approximately 400 residential units. Construction was reported to have started in 2003 and finished in 2006.

• Al Qasr MallShopping mall2013

  Al Qasr Mall is a Riyadh retail and entertainment destination inaugurated in 2013. Its published description identifies four floors, approximately 350 stores, a food court, a fun zone, open areas, and extensive escalator, elevator, and moving-walkway infrastructure.

• MirabiliaLuxury villas

  Mirabilia is an upscale villa project within Shams Ar Riyadh associated with designer Roberto Cavalli. The villas were described as offering three to seven bedrooms, with built-up areas ranging from approximately 300 to 1,600 square meters. It represents Dar Al Arkan's use of fashion and design partnerships in premium residential marketing.

• Urban Oasis, Interiors by MissoniBranded residences

  Urban Oasis is a Dubai residential tower near the Dubai Water Canal and was described as Dar Al Arkan's first project outside Saudi Arabia. The project includes one- to four-bedroom apartments in a high-rise building, with interiors and common areas designed in association with Missoni.

• Les Vagues residences by Elie SaabBranded seafront residences

  Les Vagues residences by Elie Saab is a seafront residential project on Qetaifan Island North in Qatar. The development uses the Elie Saab brand and design association to position the project in the luxury branded-residence segment.

• W Residences Dubai-DowntownHospitality-branded residences2022

  W Residences Dubai-Downtown is a Dubai residential tower managed by Marriott International under the W brand. The announced scheme comprises 384 residences and includes W lifestyle amenities such as an infinity pool, outdoor dining and lounge areas, and views toward the Burj Khalifa. Construction was reported to have begun in 2022.

• AIDAIntegrated tourism and residential development2022

  AIDA is an Oman project announced through an agreement with The Trump Organization and Oman Tourism Development Company. The planned development near Muscat includes Trump-branded residential villas, a hotel, and a golf course.

• 2022Expansion of branded international residencesProduct launch

  Dar Al Arkan was expanding beyond domestic master-planned communities into hospitality-linked and designer-branded overseas residences.

  What changed. The company announced W Residences Dubai-Downtown, managed by Marriott International, and began reported construction later that year.

  Aftermath. The project added the W Hotels brand to Dar Al Arkan's international branded-residence portfolio.

  Source
• 2022Entry into a Trump-branded Oman developmentProduct launch

  The company pursued tourism-oriented international development incorporating hospitality, golf, and luxury residential uses.

  What changed. Dar Al Arkan signed an agreement with The Trump Organization and Oman Tourism Development Company for AIDA near Muscat.

  Aftermath. The announced project broadened the company's international pipeline into integrated tourism development.

  Source
• 2007Public listing on TadawulStrategy

  The company sought access to Saudi public capital markets after becoming a joint-stock company.

  What changed. Dar Al Arkan listed its shares on the Saudi Stock Exchange under symbol 4300.

  Aftermath. The listing established Dar Al Arkan as a publicly traded Saudi real estate developer.

  Source
• 2005Conversion to joint-stock structureStrategy

  Dar Al Arkan moved from its previous corporate form to a joint-stock company as it expanded its development activities.

  What changed. The company converted into a joint-stock company.

  Aftermath. The conversion preceded the company's 2007 listing on the Saudi Stock Exchange.

  Source

• 2025DarGlobal announces further Trump Organization projects

  DarGlobal, described as Dar Al Arkan's international-assets subsidiary, entered agreements with The Trump Organization covering a golf course in Qatar, a hotel and golf course project in Oman, and a luxury hotel in the Maldives.

  Product launch
  Source
• 2022Dar Al Arkan announces W Residences Dubai-Downtown

  Dar Al Arkan announced a Dubai-Downtown residential tower managed by Marriott International under the W Residences brand. The planned property was described as comprising 384 residences and W-branded lifestyle amenities.

  Product launch
  Source
• 2022Construction begins on W Residences Dubai-Downtown

  Construction was reported to have started on the W Residences Dubai-Downtown project. The development was described as sold out in the cited material and targeted for completion in 2025.

  Product generation
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• 2022Dar Al Arkan signs agreement for AIDA in Oman

  Dar Al Arkan signed an agreement with The Trump Organization for AIDA, a tourism and residential project near Muscat developed with Oman Tourism Development Company. The planned scheme included residences, a hotel, and a golf course.

  M&AProduct launch
  Source

1. Dar Al Arkan Real Estate Development Company
2. Dar Al Arkan official website