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Dar Al Mashaer Towers
Overview
Establishing residential complex in Makkah, near the Holy Mosque and the Jamarat Bridge, spreading 6,300 square meters. The development consists of seven towers and include 314 residential apartments, comprising three- and four-bedroom apartments, in addition to six penthouses with private swimming pool, as well as a children play area, gyms, shopping venues that include supermarkets, exclusive stores and cafes.
Project Information
- Real Estate > Landlords and developers > Other Properties
- In 2021, The company announced that all the approvals for the renovations were obtained, full design package for the ground and typical floors was completed, construction work started and is expected to be completed in Q3 2022. The show apartment was completed and is opened to the public.
- In its 2022 board report, the company revealed that construction work on site started in 2021 and expected it to be completed in Q2 2023.
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In Q2 2023 investor presentation, the company revealed that building and renovation works were completed, and 130 units of the project’s 192 available for sale housing units were booked out
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In Q3 2023 investor presentation, the company revealed that 129 units out of 187 units available for sale were sold/booked.
Owners
Related Parties
Project Developments
Overview of key delayed projects, expansions of Saudi-listed firms in 2022Argaam Special03/01/2023
A review of Dar Al Arkan projects, investors, board ownership changesArgaam Special20/04/2022
Dar Al-Arkan launches new real estate project in MakkahArgaam02/03/2021
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