Dar Al Arkan of the Developer

Developers Dar Al Arkan of the Developer
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~10 min
01/25/2024
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Introduction

Dar Al Arkan, established in 1994 and headquartered in Riyadh, is a prominent real estate development company based in Saudi Arabia. The company is engaged in various aspects of the real estate sector, including the acquisition, development, construction, maintenance, demolition, and restructuring of both residential and commercial buildings. With a comprehensive presence across many countries, including key cities such as Mecca, Jeddah, and Dubai, Dar Al Arkan has positioned itself as a leading player in the real estate market.

The company's commitment to excellence is reflected in its widespread network, which extends beyond its headquarters in Riyadh. This strategic distribution of offices and branches ensures that Dar Al Arkan is well-equipped to cater to the diverse needs of its clientele throughout the region. The company's multi-faceted involvement in real estate underscores its dedication to contributing to the growth and development of the urban landscape.

History

Dar Al Arkan, founded in 1994 and headquartered in Riyadh, Saudi Arabia, has a rich history that marks significant milestones in the real estate sector. The company initially operated as a private entity before undergoing a transformative change in 2005 when it converted to a joint-stock company. This strategic move allowed Dar Al Arkan to enhance its corporate structure and position itself for further growth and development.

A pivotal moment in the company's history occurred in December 2007 when Dar Al Arkan took a significant step by listing its shares on the Saudi Stock Exchange (Tadawul All Share Index/Real Estate sector). This move not only provided the company with increased visibility and accessibility to investors but also signaled its commitment to transparency and accountability in the dynamic real estate market. Dar Al Arkan's shares were listed under the symbol 4300, further solidifying its presence in the financial landscape.

This transition to a joint-stock company and subsequent listing on the Saudi Stock Exchange marked a crucial chapter in Dar Al Arkan's evolution, enabling it to tap into new avenues of growth, investment, and market participation. The company's history is characterized by a strategic blend of corporate initiatives, adaptability, and a commitment to delivering value in the real estate sector.

Average Prices for Properties

  • 1 BR Apartments in I Love Florence Tower. Discover comfort and affordability in these one-bedroom apartments in I Love Florence Tower. Priced between AED 1,174,252 and AED 1,195,404, these units offer a cozy living space with modern amenities, making them an ideal choice for individuals or couples.

  • 2 BR Apartments in I Love Florence Tower. Experience spacious living with the two-bedroom apartments in I Love Florence Tower. Priced between AED 1,725,375 and AED 1,996,330, these units provide flexibility for different budgets while maintaining a high standard of living.

  • 1 BR Apartments in Da Vinci Tower. Indulge in upscale living with the one-bedroom apartments in Da Vinci Tower. Starting from AED 4,566,649, these residences offer premium features and finishes, catering to those who appreciate refined living.

  • 2 BR Apartments in Da Vinci Tower. Elevate your lifestyle with the two-bedroom apartments in Da Vinci Tower. Starting from AED 5,000,000, these units likely offer additional space, premium amenities, and a more lavish living experience.

  • 3 BR Apartments in Da Vinci Tower. Experience the pinnacle of luxury living with the three-bedroom apartments in Da Vinci Tower. Starting from AED 12,108,848, these residences are suitable for families or individuals seeking unparalleled comfort, larger spaces, and top-tier amenities.

Key Projects

W Residences

One of Dar Al Arkan's key projects is the W Residences in Downtown Dubai, a recent addition that showcases the company's commitment to luxury and sophisticated living. This exclusive residential tower offers sumptuous 1, 2, and 3-bedroom apartments, each meticulously designed to provide residents with the epitome of comfort and style.

Situated in a 49-story vertical tower, the W Residences offer top-notch amenities that cater to the discerning tastes of its residents. The apartments showcase exquisite craftsmanship and attention to detail, providing an unparalleled living experience in the heart of Downtown Dubai. The strategic orientation of the tower is a testament to Dar Al Arkan's dedication to offering unobstructed views, with breathtaking panoramas of the iconic Burj Khalifa and the Downtown Skylines.

Dar Al Arkan's DaVinci Tower by Pagani

Dar Al Arkan's DaVinci Tower by Pagani introduces a new standard of luxury living with modern 2, 3, and 4-bedroom flats and penthouses in Dubai. This high-rise masterpiece, brought to life by the renowned Pagani, not only offers distinctive design but also offers an unparalleled architectural elevation that is truly magnetic.

The DaVinci Tower stands out with its unique artistry, reflecting an exceptional blend of form and function. The high-rise façade is a testament to unequaled architecture, and this aesthetic appeal is complemented by a suite of first-rate facilities that enhance the overall living experience.

Strategically located near the Dubai Canal, the DaVinci Tower enjoys a vantage point that allows residents to witness the grandeur of the Burj Khalifa, the world's tallest building. This advantageous position near major roads ensures easy access to the rest of the city, providing residents with convenience and connectivity.

Urban Oasis by Missoni

Dar Al Arkan's latest waterfront project, Urban Oasis by Missoni, located in Dubai's Business Bay, introduces a range of residences to suit different lifestyles. The tower features studios, 1, 2, and 3-bedroom apartments, along with luxurious 4-bedroom penthouses. As the newest addition to Dar Al Arkan's portfolio, Urban Oasis stands out for its beautiful design and comes with enticing financing options, making it an attractive choice for prospective buyers.

Urban Oasis is strategically positioned in the heart of Business Bay, Dubai, offering residents unparalleled access to main road networks and central connectivity. The location is not only convenient but also surrounded by a plethora of amenities. The chic residences are complemented by family-friendly dining options, creating a welcoming atmosphere for residents.

Within the vicinity of Urban Oasis, residents can enjoy proximity to modern financial districts, upscale malls, office high-rise buildings, and various comparable facilities. This ensures that residents have access to all the essentials and luxuries, contributing to a well-rounded and fulfilling lifestyle.

I Love Florence Tower

I Love Florence Tower, a remarkable residential project by Dar Al Arkan Developer, introduces a collection of stunning and opulent apartments for sale as part of its next venture. Nestled in the vibrant Business Bay on the Dubai Canal, this project signifies Dar Al Arkan's foray into the UAE, bringing its renowned expertise to the dynamic real estate landscape.

Situated along the scenic Dubai Water Canal, I Love Florence Tower stands tall as a 38-story residential skyscraper, offering a luxurious living experience. The collection includes one-, two-, and three-bedroom apartments, along with a select number of four-bedroom sky units, catering to a variety of preferences and lifestyles.

Awards

  1. Euromoney Award - "Best Residential Property Developer in Saudi Arabia". Dar Al Arkan has been honored with the title of "Best Residential Property Developer in Saudi Arabia" by Euromoney. This esteemed award is a testament to the company's exceptional achievements and its dedication to setting industry standards in residential property development.

  2. Forbes Middle East Award - "First Place - Real Estate Development Sector in Saudi Arabia". Forbes Middle East has bestowed upon Dar Al Arkan the distinction of "First Place - Real Estate Development Sector in Saudi Arabia." This recognition highlights the company's leadership and excellence within the real estate development sector in Saudi Arabia, acknowledging its pivotal role in shaping the industry.

  3. World Finance Award - "First Real Estate Company in the Middle East". Recognizing its regional impact and industry leadership, Dar Al Arkan has been awarded the title of "First Real Estate Company in the Middle East" by World Finance. This prestigious accolade underscores the company's significance on a broader scale, acknowledging its role as a trailblazer in the real estate sector within the Middle East.

Conclusion

Dar Al Arkan, a prominent real estate developer, has solidified its position as a key player in the industry, marked by a diverse portfolio that includes the development of commercial properties, residences in Dubai, and the iconic Shams Ar Riyadh. The company's visionary leadership, represented by its executive board, has propelled it to new heights, driving innovation and fostering an international presence. With an unwavering commitment to quality and craftsmanship, Dar Al Arkan has successfully ventured into luxury residential projects, collaborating with world-renowned fashion icon Elie Saab for interiors and Roberto Cavalli for exquisite designs.

The company's expansion into international markets, particularly in Europe, Qatar and UAE, demonstrates its strategic vision and pursuit of investment opportunities on a global scale. Committed to responsible practices, Dar Al Arkan continues to uphold high standards in general construction, ensuring not only the creation of assets but also the seamless leasing and acquisition of properties. As a company at the forefront of innovation, collaboration, and unimaginable beauty in real estate, Dar Al Arkan remains dedicated to shaping the landscapes of tomorrow while preserving the timeless elegance and sophistication of its developments.

FAQ

  • 1.

    In which countries Dar Al Arkan operate?

    Dar Al Arkan operates in a total of eight countries, including the UAE, Saudi Arabia and Qatar. For example, Dar Al Arkan Global has officially launched the sales of Les Vagues residences by Elie Saab in Qetaifan Island North, Qatar, in collaboration with Qetaifan Projects in 2022. The company's international presence underscores its commitment to expanding its footprint beyond its home base in Saudi Arabia and entering diverse real estate markets to contribute to global development. The seven branches strategically positioned across these countries likely play a pivotal role in overseeing and managing the company's various projects and operations within each region.

  • 2.

    How does Dar Al Arkan prioritize sustainability in its developments?

    Dar Al Arkan places a strong emphasis on sustainable practices in its development. From the construction phase to the choice of materials and energy-efficient technologies, the company is committed to minimizing environmental impact and creating eco-friendly spaces that align with global sustainability standards.

  • 3.

    How does Dar Al Arkan ensure the quality of its residential projects?

    Dar Al Arkan prioritizes quality in its residential projects by engaging in meticulous planning, employing cutting-edge construction techniques, and partnering with renowned architects and designers. The result is homes that combine functionality, style, and unparalleled craftsmanship.

  • 4.

    What investment opportunities does Dar Al Arkan offer to potential investors?

    Dar Al Arkan provides a range of investment opportunities, from commercial properties to luxury residences. With a focus on delivering value and returns on investment, the company aims to create a diverse portfolio that appeals to a wide range of investors with different preferences and goals.

  • 5.

    How does Dar Al Arkan contribute to the communities where its projects are located?

    Dar Al Arkan is committed to being a responsible corporate citizen. The company actively engages with local communities, supporting initiatives that enhance the overall well-being of residents. Whether through community spaces, amenities, or social programs, Dar Al Arkan seeks to positively impact the areas in which it operates.

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Update date: 06/24/2024