Posted inNews

Dar Al Arkan and ROSHN Group sign a $57 million deal

Dar Al Arkan is collaborating with ROSHN to develop 200 luxury villas in the prestigious Sedra community in northern Riyadh

Dar Al Arkan partners with ROSHN Group and signs $57 million deal

Dar Al Arkan has signed a $57 million (215 million Saudi Riyals) sale and purchase agreement with ROSHN to develop 200 villas in the Sedra community in northern Riyadh. This marks their second project with ROSHN and showcases their commitment to providing high-quality residential properties. The partnership between the two companies has been successful, leading to the acquisition of land for this new venture. Dar Al Arkan’s focus remains on delivering exceptional living spaces within the prestigious Sedra community.

Spanning an impressive 56,280 square metres, the project will introduce meticulously designed villas that epitomise luxury living in Saudi Arabia. Aligned with ROSHN’s vision for integrated, sustainable communities, Sedra will seamlessly blend modern amenities with Saudi heritage.

Commenting on this milestone, Mohammed Al-Motawakil, Chief Operating Officer, Dar Al Arkan, says, “Together, we’re committed to shaping Saudi Arabia’s residential landscape. Our aim extends beyond delivering meticulously crafted villas to setting new standards for luxury living. Leveraging our expertise, we aspire to exceed expectations, pioneering quality, innovation, and sustainability in real estate.”

This significant collaboration marks a pivotal moment in the realm of Saudi real estate, bringing together two industry leaders with a shared commitment to innovation and excellence. Dar Al Arkan and ROSHN are set to elevate the Sedra community with luxurious living spaces, setting new standards for modern living in the Kingdom.

With an enviable portfolio of elegantly designed residences, Dar Al Arkan, has cemented its standing as a much sought-after real estate solution provider in the country. The unveiling of this masterplan further reinforces the commitment of the company to offering residential experiences that resonate with the lifestyle and aspirations of the citizens of Saudi Arabia.

SEDRA is the pioneering community that is being developed in eight phases and will add more than 30,000 residential units to Riyadh’s housing stock, constructed over 35 million square metres of neighbourhoods. SEDRA is designed in harmony with its surrounding environment so that its public spaces and amenities are complemented by existing natural features, which bring nature into the heart of the community.