Saudi Arabia’s largest publicly listed developer, Dar Al Arkan has launched a SAR 600mn ($160mn) residential villa project with interiors by Italian fashion house Roberto Cavalli.
Mirabilia will be built within the SAR 10bn Shams Ar Riyadh Development located on King Khalid Road, a first of its kind ‘city within a city’ in the Kingdom of Saudi Arabia.
An event to mark the launch was attended by Yousef Bin Abdullah Al Shelash, Chairman of Dar Al Arkan and Gian Giacomo Ferraris, CEO of Roberto Cavalli Group among others.
Mirabilia is a collection of high-end three to seven bedroom residential villas that range from 300 to 1,600 sqm.
The project comprises of residential, commercial, and mixed-use spaces, overlooking Wadi Hanifa, which adorns its gardens, parks and walkways.
Infrastructure investment so far has topped SAR 1bn, including two power substations as well as main access roads.
Other occupants within the masterplan include Saudi Basic Industries Corporation (SABIC), which created a residential project for its employees and their families.
SABIC Residential Complex comprises of 600 fully equipped residential units built on a 1.8 million sqm area. Many of SABIC’s team members moved in starting 2017.