Dar Al Arkan Real Estate Development Company
Corporate brand
UnclaimedA Saudi real estate developer focused on residential, commercial, and mixed-use communities in Saudi Arabia and selected international markets.
Last updated August 22, 2026
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Overview
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.
History
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.
- 2022
W Residences Dubai-Downtown announced
[1]The company announced a W-branded residential tower in Dubai-Downtown, managed by Marriott International.
- 2022
AIDA agreement in Oman
[1]Dar Al Arkan announced an agreement with The Trump Organization for the AIDA residential, hotel, and golf development near Muscat.
- 2013
Al Qasr Mall inaugurated
[1]Dar Al Arkan's Al Qasr Mall in Riyadh was inaugurated as a large shopping and entertainment destination.
- 2007
Saudi stock-market listing
[1]Dar Al Arkan listed on the Saudi Stock Exchange in December under the trading symbol 4300.
- 2006
Al Abrar Towers completed
[1]The Al Abrar Towers residential project in Makkah was reported as completed after construction began in 2003.
- 2005
Conversion to a joint-stock company
[1]The company converted into a joint-stock company, an important step before its public-market listing.
- 1994
Company established
[1]Dar Al Arkan was established in Riyadh as a Saudi real estate development company.
Products and positioning
A large-scale Saudi developer combining master-planned residential communities with premium and internationally branded real estate.
Master-planned residential and mixed-use community
Shams Ar Riyadh
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.
Residential development
Al Munisiya
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.
Residential towers · 2003
Al Abrar Towers
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.
Shopping mall · 2013
Al Qasr Mall
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.
Luxury villas
Mirabilia
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.
Branded residences
Urban Oasis, Interiors by Missoni
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.
Branded seafront residences
Les Vagues residences by Elie Saab
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.
Hospitality-branded residences · 2022
W Residences Dubai-Downtown
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.
Integrated tourism and residential development · 2022
AIDA
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.
Brand decisions
2022
Expansion of branded international residencesProduct launchBackground
Dar Al Arkan was expanding beyond domestic master-planned communities into hospitality-linked and designer-branded overseas residences.
Action taken
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.
2022
Entry into a Trump-branded Oman developmentProduct launchBackground
The company pursued tourism-oriented international development incorporating hospitality, golf, and luxury residential uses.
Action taken
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.
2007
Public listing on TadawulStrategyBackground
The company sought access to Saudi public capital markets after becoming a joint-stock company.
Action taken
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.
2005
Conversion to joint-stock structureStrategyBackground
Dar Al Arkan moved from its previous corporate form to a joint-stock company as it expanded its development activities.
Action taken
The company converted into a joint-stock company.
Aftermath
The conversion preceded the company's 2007 listing on the Saudi Stock Exchange.
Recent events
Reported
Dar Al Arkan and Compass establish a real estate development consultancy partnership[3]
Dar Al Arkan and Compass Project Consulting established a partnership to build a real estate development consultancy in Saudi Arabia and the GCC. Dar Al Arkan will provide development, procurement and business development services.
Sources3 sources
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