DAMMAM, Saudi Arabia: Dar Wa Emaar Real Estate Investment & Development Company has officially launched its latest residential development, “Saraya Al Sharq”, in partnership with the National Housing Company (NHC). With an investment value of SAR 750 million, the project aims to enhance homeownership opportunities in line with Saudi Arabia’s Vision 2030 target of achieving 70% homeownership among citizens.
Strategically located in the Al-Wajeha destination in Dammam, near the Riyadh Main Road and major landmarks such as King Fahd International Airport, schools, universities, and healthcare facilities, Saraya Al Sharq will span over 410,000 square meters. The development will comprise 616 residential units across four distinct architectural models, offering spacious homes ranging from 200 to 360 square meters, designed to meet the diverse needs of Saudi families.
The project forms part of Dar Wa Emaar’s acclaimed “Saraya” series and is set to become a model of modern community living. It features an integrated mix of amenities including retail and medical centers, mosques, walking paths, and green spaces with 28% of the total area allocated to parks and landscaping. The homes will incorporate energy-efficient lighting, expansive glass façades, and premium materials, reflecting the company’s commitment to sustainable and high-quality urban development.
Commenting on the launch, Amr Fakhry Elfeky, Executive Director of Development and Investment at Dar Wa Emaar, said: “Saraya Al Sharq continues our successful collaboration with NHC, following the accomplishments of Saraya Al Bahar and Saraya Al Ghoroub. It highlights our ongoing dedication to providing innovative, high-quality residential solutions that exceed expectations in both design and livability.”
In addition to premium design and construction, the project will offer flexible and innovative financing solutions through partnerships with leading financial institutions. Units will be available starting from SAR 797,000, making the project accessible to a wide spectrum of potential homeowners.
Since its establishment in 2007, Dar Wa Emaar has played a significant role in the Kingdom’s real estate sector, developing thousands of residential units and contributing to bridging the housing gap while promoting sustainable growth and quality of life for Saudi citizens.
