The value of LSE-listed Dar Global Real Estate Co.’s projects since entering the Saudi market two months ago amounts to SAR 2.8 billion, as it targets investment in major cities with high demand from various nationalities, said CEO Ziad Al-Shaar, in an interview with Argaam.
The favorable amendments to the law on the residency for foreigners last March helped boost interest of foreign investors in the Saudi market, as the regulations for the distinguished residency law set certain conditions, including that the price of the property should not be less than SAR 4 million, which fueled the interest of foreign investors and opened the way for investment in luxury real estate, he added.
The value of LSE-listed Dar Global Real Estate Co.’s projects since entering the Saudi market two months ago amounts to SAR 2.8 billion, as it targets investment in major cities with high demand from various nationalities, said CEO Ziad Al-Shaar, in an interview with Argaam.
The favorable amendments to the law on the residency for foreigners last March helped boost interest of foreign investors in the Saudi market, as the regulations for the distinguished residency law set certain conditions, including that the price of the property should not be less than SAR 4 million, which fueled the interest of foreign investors and opened the way for investment in luxury real estate, he added.
