RIYADH: The global arm of Saudi real estate developer Dar Al Arkan has joined with Italian luxury label Dolce & Gabbana’s debut in the hospitality and real estate industries, to transform the core of luxury accommodation in the Maldives.
The collaboration inaugurates a customized hospitality project that combines Dolce & Gabbana’s style with Dar Global’s commitment to details, according to a press release.
It also symbolizes the brands’ core values and hospitality standards by choosing Maldives.
“We are thrilled to bring the world-renowned Made in Italy brand ambassador, Dolce & Gabbana, into the world of real estate and hospitality. Our partnership represents a unique interpretation of the brand's Italian spirit and reinforces our commitment to delivering exceptional living experiences and investment opportunities to our clients,” said Ziad Al Chaar, CEO of Dar Global.
“We are confident that this partnership will be a great success, and we look forward to working with Dolce & Gabbana to bring their vision to life,” he added.
The partnership is the latest expansion move from Dar Global, which in February was listed on the London Stock Exchange with a valuation of SR2.25 billion ($600 million).
In an interview with Arab News in the days after the listing, Dar Global’s CEO Ziad El Chaar said: “We are proud that Dar Al Arkan grew a company like Dar Global and listed it on the London Stock Exchange because Dar Global is not just another real estate company.
“It is a very special kind of a real estate company for a new breed of customers called global citizens who live in more than one country, who work in more than one country.”
In November, Dar Al Arkan was given the contract to develop residential units in SEDRA, an integrated community project in northern Riyadh being constructed by Public Investment Fund national developer Roshn.
SEDRA, which is being built in eight phases, is expected to add 30,000 residential units to Riyadh's housing stock once completed in three years. Almost 20 million square meters of neighborhoods are being built as part of the project.
