Tuesday, 02 January 2024 12:17 GMT

Dar Wa Emaar Builds On Cityscape Presence With Initial Uptake At Narjis Residence In North Riyadh


(MENAFN- Asdaf News) Riyadh – Asdaf News:

Dar wa Emaar Real Estate Investment & Development continues to build on its presence following Cityscape Global 2025, as Narjis Residence in North Riyadh recorded gradual market uptake, with 30% of total units sold within the first three months of launch, reflecting early market engagement and the project's transition from awareness to purchase decision-making.

This performance follows the strong interest witnessed at Dar wa Emaar's pavilion during Cityscape Global 2025, which culminated in the announcement of new residential developments valued at SAR 3.8 billion in partnership with NHC, alongside the signing of 21 strategic agreements and the reception of more than 15,000 visitors throughout the exhibition.

Narjis Residence comprises 585 residential units across 11 buildings, efficiently designed to meet the needs of families seeking practical housing solutions that balance quality and value. The development offers unit options ranging from two to four bedrooms and is located in North Riyadh-one of the capital's fastest-growing areas.

The project benefits from proximity to the airport, approximately five kilometres away, in addition to access to essential commercial and service amenities that support everyday living. Targeting households with monthly incomes between SAR 10,000 and SAR 15,000, and unit prices ranging from SAR 1 million to SAR 1.5 million, the project expands homeownership opportunities through a balanced value proposition that aligns design quality with financial accessibility.

This level of uptake reflects the post-launch phase of the project, as Narjis Residence begins to establish its market presence and attract buyers seeking well-planned residential communities. It also indicates growing, measured confidence in Dar wa Emaar's development model, which is built on integrated planning and execution quality.

Through its developments in North and North-East Riyadh, Dar wa Emaar continues to support the objectives of Saudi Vision 2030 by delivering integrated communities that contribute to improved urban planning standards and quality of life, in line with the capital's accelerating growth.

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