Dar Al Arkan launches first residential development in Europe
November 04, 2020 – Dar Al Arkan Real Estate Development Company, a real estate developer in the Middle East, has launched its first residential development in Europe.
Located in Bosnia and Herzegovina within a forest just 30 minutes from Sarajevo, the 500,000m2 luxury development is expected to commence construction in early next year.
The company has already obtained approvals from the municipal and federal on this residential development.
The project will include contemporary villas inspired by local architecture and will feature interiors that harmoniously blend with spectacular views.
The development will comprise a clubhouse, a hotel and spa, a gym, food and beverage outlets as well as a children’s playground.
Upon completion, the project is expected to be the largest single real estate project in Bosnia and Herzegovina.
Dar Al Arkan Real Estate Development chairman Yusuf bin Abdullah Al-Shalash said: “Today, Dar Al Arkan has placed a golden opportunity into the hands of investors. Bosnia and Herzegovina is a cultural destination with an authentic history, traditions and a wonderful natural environment.
“The country is growing in popularity, so this is a perfect investment for those wishing to be part of the country’s developing luxury tourism and hospitality sector.
“This will be a wonderful haven for those wishing to relax within a private, second-home gated community surrounded by luxury facilities and services. We believe the development will attract both Bosnian and international investors.”
In 2018, the company has commenced construction on the I Love Florence residential tower project in Dubai.
It collaborated with Roberto Cavalli International Group to design the interiors of the real estate project while GFG Group will carry out the foundation works for the project.