Dar Al Arkan Real Estate is a Saudi Arabian property development company. It is the largest developer by market value in Saudi Arabia. Based in Riyadh, it was established in 1994 by six business families with real estate development experience in response to the demand for housing from the rapidly growing Saudi population. Dar Al Arkan is also involved in the acquisition, development, construction, maintenance, demolition, and restructuring of residential and commercial buildings. From July 2002 to January 2004, Dar Al Arkan operated as a limited liability company with a capital base of SAR 140 million. Dar Al Arkan increased its capital to SR5.4 billion through a private placement in the domestic market in 2004 while converting to a partnership limited by shares. Subsequent to the private placement, Dar Al Arkan converted to a joint stock company in 2005. The founding shareholders own 70% of the company. In December 2007., the company listed its shares on the Saudi Stock Exchange under the symbol 4300. As of 31 December 2016, Dar Al Arkan had total assets of SAR 24.4 billion, with shareholders’ equity of SAR 18.1 billion. Total revenues and net income reached SAR 1.8 billion and SAR 249 million, respectively. In addition to its head office in Riyadh, Dar Al Arkan has offices and branches across KSA, including Mecca, Jeddah and Madinah. In total, Dar Al Arkan has seven branches and over 300 employees.
Projects
Ishbiliyah
The project is located east of the Eastern Ring between exit 9 and 10. It is formed of 420 villas.
Al Yarmouk
The project is located on the north east area of Riyadh city, near Ishbiliya project towards the north. It occupies an area of 409,775 square meters and consist of 389 residential units. Construction of the project was started in 2002. The cost of the project was 110,500,00 Saudi Riyals.
Al Munsiyah
The project is located ont the north east of Riyadh, near Dammam highway, 1 kilometer away from the Al-Yarmouk project. It occupies an area of approximately 285,822 square meters. Its residential section comprises 259 housing units. The total cost of the project was 127,700,000 Saudi Riyals.
Al Mourjan
The project is located in Yanbu city, near the sea in Al-Buhaeyra. The total area of the project is about 88,516 square meters. It consists of 95 residential units. The construction of the project started in 2002. The construction was completed and sold out by 2006. The total value of the project is 52,100,000 Saudi Riyals.
Al Aziziah Towers
The project is located in Makkah city at a location on Aziziah street next to the Holy Mosque and the Jamarat The project area is 64,621 square meters containing seven towers; each tower consisting of a 14-storey building. The total value of the project is 174,730,000 Saudi Riyals.
Al Abrar Towers
The project is located in Makkah Al-Mukarama, near the Holy Haram, and the stoning area, 3 kilometers from the Haram. It consists of 400 residential units, comprising eight towers. The total area of the project is 58.213 sq meters. The project's construction was started in 2003 and completed in 2006. The total value of the project is SAR 97,890,000.
Al Manar Residential
Al Manar residential project is located on the east of Jeddah City. It occupies an area of 25,143 sq meters. The project contains 28 residential units of four designs. The project's construction was started in 2003 and was completed in 2005. The total value was SAR 12,900,000
Al Awali Villas
The project is located in Al Awally residential area in Mecca. The project occupies an area of 41,168 sq meters. It consists of 55 residential units. The project's construction was started in 2003 and finished in 2006. The total value of the project is SAR 30,400,000.
Al Tawoun
The project is located north of Riyadh city near the Al-Rabie project. It occupies an area estimated at 30,506 sq. meters. It consists of 42 residential units distributed on four blocks. The construction work of the project started in 2002 and finished by 2005. The total value of the project was 18,400,000 Saudi Riyals.
Al Falah
The project is located to the north of Riyadh city, near the Al-Rabie project. It occupies an estimated area of 110,843 sq. meters. The project consists of 139 residential units. The project's construction was started in 2002 and completed in 2006. The total value of the project was 49,100,000 Saudi Riyals.
Al Rabea
The project is located to the north of Riyadh city, and east of the Kingdom Hospital and Kingdom School. The project occupies an estimated area of 349,943 sq. meters. The total value of the project is 229,300,000 Saudi Riyals.
Al Noor Villas
The project is located an Al-Shifa plam in Al-Muzaiynib residential area in Al-Madinah Al-Manwarah, six kilometers from the Prophet Holy Masjid. The project occupies an area estimated at 62,930 square meters and consists of 80 residential units, and villas. The development has six designs. The project contains a mosque and a public garden. The project's construction was started in 2003 and finished in 2006. The total value of the project was 44,600,000 Saudi Riyal.
Al Shati AlZahabi (Golden Coast)
The project is located in Sharm Abhor in Jeddah province. It has an estimated area of 279,436 square meters and contains 398 residential units. The project is located near Jeddah International Airport, shopping centers, schools, and public gardens. The project construction started in 2004, and was completed in 2006. The total value of the project is 211,500,000 Saudi Riyals.″
Al Qasr Mall
It is located in Riyadh, Saudi Arabia on an area of 250,000 square meters. Inaugurated in 2013, Al Qasr shopping mall consists of 4 floors and 350 stores. It also includes a food court, a fun zone and large open areas. The mall also contains 4 panoramic elevators, 28 escalators, 8 electric paths and 14 elevators connecting all levels and sections of the mall.
I Love Florence Tower is Dar Al Arkan's first project outside of Saudi Arabia. The building is located in Dubai near the Dubai Water Canal. Once completed, it will offer residential apartments with interiors designed by Roberto Cavalli. It features one to four bedroom apartments and 38 floors. In addition to the apartments, the tower will offer retail attractions by Roberto Cavalli. The total value of the project is US$2.18 million.
Shams Ar Riyadh
The project is located north-west of Riyadh, Saudi Arabia on an area of 5 million square meters, of which 1.2 million square meters are built-up. The project is still under construction. The community contains common areas including restaurants, mosques, commercial retails, schools, malls and health care. It is designed to be a “city within a city”. Dar Al Arkan has already started selling project units.
Mirabilia
The project is located in Riyadh, Saudi Arabia, in Dar Al Arkan's 5 million square meter project, Shams Ar Riyadh. It is composed of upscale villas of 3 to 7 bedrooms designed by Roberto Cavalli. Villas are built on areas ranging from 300 to 1,600 square meters. The total value of the project was SAR 600 million.
