Luxury real estate developer Dar Global said its project pipeline has reached $19 billion, driven by expansion across Saudi Arabia as the Kingdom prepares to open its real estate market to foreign non-resident buyers in early 2026.
The company, the first Saudi firm to list on the London Stock Exchange, said new projects launched across Riyadh, Jeddah and coastal tourism zones have lifted its gross development value, with Saudi now accounting for a larger share of its overall portfolio.
The milestone comes as Saudi Arabia’s real estate sector approaches one of its most significant regulatory reforms. Effective January 2026, a new law will permit foreign ownership in designated zones, with specific criteria for both commercial and residential properties.
Under the regulation, foreign entities must invest a minimum of SAR 30 million in commercial developments and begin construction within five years, while individual foreign buyers will also be allowed to purchase residential property in approved areas. The Real Estate General Authority (REGA) will release full details, including the list of eligible zones, through its Istitaa digital platform.
“Dar Global was built on a deep understanding of where global and regional wealth flows are heading,” CEO Ziad El Chaar said in a statement. “The increase of our GDV to $19 billion reflects not just growth in numbers, but confidence in our vision, our execution, and in Saudi Arabia’s extraordinary potential.”
Dar Global has signed a series of partnerships in recent months linked to the Kingdom’s large-scale development programme, including projects with Red Sea Global and Diriyah, aligning with the government’s drive to attract foreign investment and diversify the economy beyond oil.
The company said its Saudi developments blend international design standards with local cultural elements and continue to attract buyers from more than 115 nationalities. Its wider portfolio spans London, Marbella, Dubai, Muscat, Doha and Athens, but Saudi Arabia is now its fastest-growing market.
“Saudi is going to become a very big anchor for international investment,” he said in a recent interview on Arabian Business’ AB Majlis podcast. “The market is already worth close to $100 billion a year before the new law even takes effect, so you can imagine the scale once foreign investors join.”
He added that the new ownership rules will be introduced “in a way that avoids speculation and protects affordability for local citizens,” describing the approach as “visionary planning that learns from the mistakes of other countries.”
Dar Global’s collaborations with global luxury brands such as Aston Martin, Fendi, Elie Saab, Trump Organization and Lamborghini aim to offer premium real-estate products that appeal to high-net-worth international investors.
“Saudi is growing at a phenomenal rate for a G20 country, with population growth of around two to three percent a year,” El Chaar told AB Majlis. “That means there will always be demand for real estate, because you need houses for that growing population.”
The Kingdom’s property reforms, due to take effect next year, are expected to open a new chapter for the sector by formalising foreign participation and setting clear investment criteria for international developers and buyers.
