Dar Al Arkan enters Oman real estate market to develop ‘AIDA’ with OMRAN

Dar Al Arkan enters Oman real estate market to develop ‘AIDA’ with OMRAN

Dar Al Arkan, the leading real estate company in Saudi Arabia, and Oman Tourism Development Company (OMRAN Group) have signed an agreement to develop ‘AIDA’ one of the largest premium, mixed-use real estate projects located in the Yiti area in Muscat.

The project marks Dar Al Arkan’s first entry into Oman to drive the development of the property market and support the growth of Oman’s real-estate sector in accordance with Oman Vision 2040. The value of the investment in the project from both parties will reach $1.6 billion, and it will be developed in three stages on an area of 3.5 million square meters.

Through the partnership, Dar Al Arkan will develop a mixed-use project in Yiti and Yankat areas, situated 100 meters above the shores and overlooking the Sea of Oman in Muscat, comprising of 3,500 residential units of medium-sized villas, townhouses, and low-rise apartments. A destination with two charming hotels of 450 rooms, a plaza filled with cafes and restaurants, a gated promenade with luxury retail and other amenities.

Ziad El Chaar

VC – Dar Al Arkan Properties “We are excited to become part of this unique project. Oman has always offered an exceptional experience for residents and tourists, and the development