Dar Wa Emaar Real Estate Investment and Development Company announced the launch of its pioneering residential project, Saraya Al Sharq, in partnership with the National Housing Company (NHC), with an investment of SAR 750 million.
The project is located in the waterfront district of Dammam and falls within the company’s commitment to meeting the needs of Saudi families and supporting the achievement of the goals of Saudi Vision 2030, which aims to raise the rate of home ownership to 70%.
Saraya Al Sharq .. Project Details
Saraya Al Sharq extends over an area of more than 410,000 square meters and includes 616 diverse residential units, designed to the highest standards of quality and sustainability.
The project represents a distinctive addition to the Saraya series of projects implemented by Dar Wa Emaar, offering four residential unit models that meet the aspirations of Saudi families, with areas ranging from 200 to 360 square meters.
The models include three four-bedroom designs and one five-bedroom model, with a focus on natural light and the use of high-quality building materials.
Strategic Location and Integrated Facilities
The project is strategically located near the main Riyadh road, providing easy access to King Fahd International Airport, hospitals, schools, and universities.
The project includes vital facilities, including:
Commercial and medical centers.
Mosques and pedestrian paths.
Green spaces comprise 28% of the total public area, enhancing the quality of life.
Innovative Design and High Quality
Saraya Al Sharq stands out with its modern architectural designs that rely on energy-efficient lighting and glass facades that allow natural light to flow in.
The project also features the selection of premium building materials, reflecting meticulous execution and attention to detail.
CEO Statement
Amr Fakhry El-Faqi, Executive Director of Development and Investment at Dar Wa Emaar, commented:
“Saraya Al Sharq embodies our commitment to providing innovative residential projects that meet the needs of the Saudi market. This project reflects the success of our ongoing partnership with NHC, which has resulted in distinguished projects such as Saraya Al Bahar and Saraya Al Ghoroub.
He added, “We are proud to offer an integrated community that combines quality, modern design, and comprehensive amenities, enhancing the customer experience and supporting Saudi Vision 2030.”
Easy Financing Solutions
The project targets a wide range of homeowners with competitive prices starting from SAR 797,000, while providing flexible financing solutions in collaboration with leading financing institutions.
This aims to facilitate the home ownership process and support Saudi families in achieving their dream of home ownership.
Future Vision
Saraya Al Sharq goes beyond the traditional residential project concept to become an integrated community that supports growth and prosperity.
The project reflects Dar Wa Emaar’s vision of providing sustainable housing solutions that meet the aspirations of current and future generations, while maintaining quality and innovation as key pillars at every stage of development.
