PROJECTS:
» Al Qasr Mall in Riyadh, Saudi Arabia
» Al Manar Residential project in Jeddah, Saudi Arabia
» Shams Al-Arous project in Jeddah, Saudi Arabia
» Al Tilal project in Al Madinah, Saudi Arabia
» Qasr Khozam in Jeddah, Saudi Arabia
Riyadh-based Dar Al-Arkan is a real estate development company that specialises in residential properties. The company concentrates on the master-planned lifestyle residential communities offering developed land parcels, apartments and villas. Dar Al-Arkan was established in 1994 by six prominent business families with previous real estate development experience. The main reason behind the establishment at the time was the increasing demand for quality housing from the rapidly growing population in Saudi Arabia.
The shortfall in the supply of housing units enabled Dar Al-Arkan to grow rapidly in the market especially among middle-income segments. With the constant and steady population growth in Saudi Arabia, Dar Al-Arkan management expects the rate of new household formation to continue to rise for the foreseeable future. Chairman Yousef A. Al-Shelash is also the Chairman of Bank Al Khair in Bahrain and the Chairman of Saudi Home Loan Co.
in Saudi Arabia. Al-Shelash draws from his formal training in financial management and evaluation of investment projects and also has earned diplomas in both Banking and Combating Financial Crimes. The company believes that it is well placed to implement its business plan due to an experienced management team, successful track record in land/site procurement in strategic locations within the Kingdom.