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Dar Al Arkan launches Roberto Cavalli-designed project in Saudi

Dar Al Arkan has announced the launch of its $160m (SR600m) Mirabilia residential villas in Riyadh, in partnership with Roberto Cavalli

Mirabilia residential villas in Riyadh.
Mirabilia residential villas in Riyadh.

Saudi-based property developer Dar Al Arkan has announced the launch of its $160m (SR600m) Mirabilia residential villas in Riyadh, in partnership with Roberto Cavalli for interiors.

Located within the $2.6m (SR10bn) mixed-use Shams Ar Riyadh Development, the project will include residential, commercial, and mixed-use spaces, integrating gardens, parks, and walkways.

Mirabilia, or Marvels in Latin, presents a collection of high-end, custom-built three to seven bedroom residential villas that range from 300m2 to 1600m2 in size. 

READ: Saudi developer launches $218m project with Roberto Cavalli in Dubai

A ceremony was organised in Riyadh to celebrate the launch of the development and partnership with Italy’s luxury fashion brand.

The event was attended by Yousef Bin Abdullah Al Shelash, chairman of Dar Al Arkan, Gian Giacomo Ferraris, CEO of Roberto Cavalli Group, who flew in to Riyadh especially for the occasion, in addition to a number of government officials, diplomats, dignitaries and investors.

The villas will overlook Wadi Hanifa and feature architectural designs and interiors by Roberto Cavalli.

Shams Ar Riyadh will feature retail centres, restaurants and cafés, landscaping and walkways, children’s play areas, schools, clinics, government offices, and mosques.

READ: Saudi's Dar Al Arkan eyes IPO to sell 30% of property subsidiary

Investment in the city’s infrastructure works has so far exceeded $267m (SR1bn), which includes the construction of two power substations and main access roads.

Saudi Basic Industries Corporation (SABIC), which entered into a strategic partnership with Shams Ar Riyadh to build the SABIC Residential Complex, is on track to complete 600 fully equipped residential units, all built across a 1.8 million sqm area. SABIC employees have already started moving into the community.

Yousef Bin Abdullah Al Shelash, said: “Mirabilia will redefine luxury living, offering its residents exclusive experiences right here in Riyadh, in this vast unique landscape that combines meticulously curated urban indulgence from the high-end Italian fashion house Roberto Cavalli with the alluring Wadi Hanifa’s marvels. Mirabilia’s new blueprint will set the tone for this amazing region in the capital, Riyadh.”

Gian Giacomo Ferraris added: “We are thrilled to be entering for the first time as a group to the real estate sector in Saudi Arabia through such a futuristic project that personifies modern extravagance.”

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Jan 19, 2019