The company behind one of the most expensive villa developments in Dubai is in talks to build a similar project in Saudi Arabia.

Al Barari, which has built homes that sell for as much as Dh100 million ($27.2m) in the Dubailand project, hopes to develop another luxury residential venture in Jeddah.

'We are in negotiations with a group of developers in Saudi Arabia,' said Zaal Mohammed Zaal, the chairman of Al Barari. 'We will invest our own money. Unless I have a majority shareholding in a project, I don’t do it.'

The National