Dar Al Arkan, a prominent Saudi Arabian property development company, holds the distinction of being the largest developer by market value in Saudi Arabia. The company, headquartered in Riyadh and established in 1994, is actively engaged in the acquisition, development, construction, maintenance, demolition, and restructuring of both residential and commercial buildings.
In 2005, Dar Al Arkan transitioned into a joint-stock company, and in December 2007, it successfully listed its shares on the Saudi Stock Exchange (Tadawul All Share Index/ Real estate sector) under the symbol 4300. As of the latest available information, the stock price stands at 4300 (TADAWUL) SAR 12.92, reflecting a positive change of +0.12 (+0.94%).
The leadership of Dar Al Arkan is under the guidance of CEO Anand Raheja, who assumed the position in June 2019. The company's vision is centered on furthering its leadership position as the most respected and dynamic Saudi Arabian real estate solutions provider, with a commitment to developing integrated communities for life in the region.
Dar Al Arkan's mission revolves around creating and nurturing thriving integrated communities that fulfill and add value to the social, cultural, recreational, and commercial needs of the residents. The ultimate goal is to maximise long-term financial returns for investors.
The company is recognised in the Middle Eastern world for its substantial residential projects, encompassing high-rise buildings and luxurious apartments.
In Saudi Arabia, Dar Al Arkan has undertaken significant residential projects such as Al Maseef in the north of Riyadh, Parisiana Riyadh – a community of high-end villas, and Naeem El Jiwar, offering a range of investment opportunities. The company is also involved in commercial spaces, exemplified by the Al Qasr Office Building and the Al Qasr Mall, both contributing to Riyadh's urban landscape.
Dar Al Arkan's diverse services include construction solutions, with a team of experts boasting over 25 years of experience, capable of delivering high-end villas and townhouses efficiently. Additionally, the Compass Projecting Consulting, established in 2014, provides cost-effective and efficient roadmaps for various projects, emphasising the realisation of visions that positively contribute to mankind.
Founded in 1994, Dar Al Arkan Development Company is a prominent real estate developer in Saudi Arabia who has made a substantial contribution to the expansion and evolution of the real estate industry. In keeping with the country's urban growth and economic diversification objective, the company has been instrumental in creating iconic residential, commercial, and mixed-use projects.
Dar Al Arkan has completed several residential projects that suit various tastes and lifestyles. Modern amenities and sustainable living conditions are provided to inhabitants of these developments, which prioritise quality, innovation, and community well-being.
Regarding business, the organisation has played a significant role in developing thriving commercial areas and business districts that support economic expansion. The business environment in Saudi Arabia is made more innovative and productive by these developments, which act as hubs for several industries.
Dar Al Arkan has also dabbled with mixed-use developments that include leisure, business, and residential elements. These projects aim to build integrated communities where people may work, live, and enjoy local recreational opportunities.
The organisation adheres to worldwide building and design standards as part of its dedication to excellence. Dar Al Arkan prioritises sustainability and integrates eco-friendly methods into its projects to support the wider sustainable development objectives.
Dar Al Arkan participates in social projects that promote philanthropic causes, education, and community development as part of its corporate responsibility. The company's initiatives support Saudi Arabia's Vision 2030 and the country's urban development and economic diversification goals.
Dar Al Arkan, a prominent real estate developer based in Saudi Arabia, has been actively engaged in international relations through several high-profile projects. One such project is the Les Vagues residences by Elie Saab in the State of Qatar, a QR1 billion seafront residential development located on Qetaifan Island North.
Another notable venture by Dar Al Arkan is the W Residences Dubai-Downtown, announced in February 2022. Managed by Marriott International, this upscale property is set to redefine luxury living in the heart of Dubai. With a tower comprising 384 exclusive residences, residents will have access to premium amenities, including an infinity outdoor pool with breathtaking views of the iconic Burj Khalifa.
Dar Al Arkan's international footprint extends to Oman with the AIDA project, a collaboration with The Trump Organization and the Oman Tourism Development Company. Valued at $4 billion, AIDA is set to feature Trump residential villas, a luxury hotel, and a prestigious golf course, positioned near Muscat.
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