Saudi Arabia's Dar Al Arkan plans Abu Dhabi project as property market recovers
Saudi property developer Dar Al Arkan is planning to start a new residential project in Abu Dhabi next year.
Saudi property developer Dar Al Arkan is planning to start a new residential project in Abu Dhabi next year, as the UAE‘s property market bounces back from the coronavirus-induced slowdown. The project will be the company’s fourth in the UAE and first in Abu Dhabi, vice chairman Ziad El Chaar told The National.
"The Tadawullisted company, with assets worth more than SAR 32bn ($8.53bn), is currently building three residential projects in Dubai – Dar Al Arkan Pagani Tower near the Dubai Canal, Urban Oasis by Missoni and W Residences in Downtown Dubai. “Abu Dhabi is a promising market … we are in discussions with many parties to acquire some key plots to enter the market soon,” El Chaar said.
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