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Dar Al Arkan Seeks Accreditation from ETMAM for Three Developments in Riyadh City

Sat, 20 Oct 2018

Dar Al Arkan, the largest listed real estate developer in the Kingdom of Saudi Arabia, today announced that it has submitted a request to ETMAM, the Developers Services Centre at the Saudi Ministry of Housing, for the accreditation of three comprehensive development projects in Shams Ar Riyadh, totaling over 1.936 million square meters. The company also applied for the issuance of off-plan sales license for projects under construction in Shams Ar Riyadh.

The new masterplans involve three zones in the iconic Shams Ar Riyadh development, which is strategically located on King Khalid Road. The comprehensive development in Zone 1 will be built over an 849,000 square metres area. The Zone 3 masterplan covers 449,000 and Zone 5 involves a 638,000 square metres area. Shams Ar Riyadh incorporates residential, commercial, and mixed-use spaces, overlooking the stunning views of Wadi Hanifa.

Yousef Bin Abdullah Al Shelash, Chairman of Dar Al Arkan Development, said: “We are pleased to be part of the ETMAM initiative and have submitted 3 projects in RIYADH for its processing. We are confident that with the introduction of ETMAM, the overall approval for new projects will be accelerated to the benefit of all developers and stakeholders. This step will further shape the development of Shams Ar Riyadh to support a thriving residential and business community. Working together with ETMAM, we can transform the new zones into distinct holistic, sustainable communities with active and vibrant lifestyles.” 

The accreditation of the new masterplans in the three zones in Shams Ar Riyadh follows on the mobilisation of the infrastructure work in Mirabilia, the upscale residential villas with interiors by Italian fashion house Roberto Cavalli, in Zone 4.

Infrastructure works investment so far is of over SR 1 billion, including two power substations as well as main access roads.

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This notice is to confirm that Dar Al Arkan Real Estate Development is the legal owner of the copyrighted commercial name "Dar Al Arkan (DAAR)" as registered at the official certificate no#1437025479 issued by Ministry of Commerce and Investment, in the Kingdom of Saudi Arabia. Dar Al Arkan official website addresses are: daralarkan.com, alarkan.com or alarkan.email. Dar Al Arkan has no other websites. The official Social Media channels are: https://www.linkedin.com/company/daralarkan, https://facebook.com/daralarkan, https://instagram.com/DarAlArkanProp, https://t.me/Dar_AlArkan, https://youtube.com/DarAlArkanDev or https://twitter.com/DarAlArkan. WhatsApp Numbers: +966 53 002 271, +966 55 600 1139 or +966 50 333 4301. Phone Numbers: 800 123 3333, 800 301 0033, +966 55 200 6556 or +971 800 40404. In the event you received an unsolicited suspicious email from a website that appears to be similar to DAAR’s website, please contact us on: media@alarkan.com
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