Dar Al Arkan + partners land the Kingdom’s largest real estate transaction in 2025: Dar AlArkan Real Estate Development, in partnership with Kenzi Al Arabiya and a group of investors, secured a 1 mn sqm residential and commercial plot in Jeddah’s Al Nahda district for SAR 4.46 bn at the Orchid Land Auction, according to a disclosure to Tadawul. The sale, organized by Itqan Real Estate, has been the largest real estate transaction in Saudi Arabia this year.

A strategic location: The land’s strategic location on the King Abdulaziz Road, situated between Makkah and Madinah, attracts potential investments due to high traffic, especially from pilgrims, Itqan’s Chairman Abdulaziz Al Rashid told Aleqtisadiah.

REMEMBER- Dar Al Arkan has been active: The Riyadh-based developer is also working on residential villas for the first phase of PIF-backed Roshn’s flagship Sedra project in Riyadh under a SAR 215 mn agreement it inked in April 2024. Meanwhile, the company is exploring further listings for its Dubai-based international arm Dar Global beyond the London Stock Exchange, with potential targets including the New York Stock Exchange, Chairman Yousef Al Shelash said last month.

Its international arm has been busy as well: Dar Global was set to launch its first Saudi project in Riyadh in partnership with jewelry brand Mouawad in November. The company’s expansion follows joint projects with the Trump Organization, including Trump Towers in Jeddah and Dubai, as well as a 3.5 mn sqm hotel project in Oman.

IN OTHER DAR AL ARKAN NEWS-

Dar Al Arkan fully redeemed its USD 600 mn sukuk, which involved 3k bonds with a par value of USD 200k apiece, according to a disclosure to Tadawul. The company utilized internal resources to settle the sukuk, while HSBC Bank served as the paying agent for the transaction.

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