Staff Report
Dubai, UAE
Dar Global, the international arm of Saudi-based mega-developer Dar Al Arkan, has announced that it launched a portfolio of ten luxury projects in 2024 across Saudi Arabia, the UAE, Qatar, Oman, and Spain, with a combined value exceeding US$1.9 billion (Dh6.98 billion). It has revealed plans to foray into the US in 2025, aiming at partnerships with renowned developers in cities with potential for investment.
Dar Global’s latest launches highlight its continued partnership with the Trump Organization, including the US$530 million (Dh1.95 billion) Trump Jeddah Tower, which is set to become one of Jeddah’s tallest landmarks with luxury apartments and an exclusive members-only club. In Riyadh’s area next to Expo 2030, the US$230 million (Dh844 million) Neptune by Mouawad comprises a community of 200 villas.
In the UAE, The Astera, a US$238 million (Dh874 million) development on Al Marjan Island in Ras Al Khaimah, features Aston Martin-designed interiors, including the Sky Villa.
In Spain, the US$108 million (Dh396 million) Marea Interiors by Missoni introduces a gated community in Finca Cortesin, blending luxury living with Missoni’s iconic design.
Qatar’s The Weekend 2 by Elie Saab, valued at US$75 million (Dh275.47 million), on Qetifan Island North, blends luxury living with premier recreational amenities.
In Oman, the portfolio includes The Great Escape 2, a US$70 million (Dh257 million) residential complex in Aida, Muscat, as well as the US$100 million (Dh367 million) Marriott Residences, a series of beachfront properties in Aida, and the Trump International Hotel & Trump Cliff Villas, a US$495 million (Dh1.8 billion) mixed-use development spanning 3.5 million square metres. Additionally, Dar Global launched the US$40 million (Dh146 million) Trump Golf Villas, perched 130 metres above the Muscat Riviera.
Ziad El Chaar, CEO of Dar Global, said, “Last year’s launches highlight our unwavering commitment to delivering world-class luxury properties in some of the most sought-after destinations. These projects reflect our ability to anticipate and meet the evolving demands of global investors, offering unmatched lifestyle and investment opportunities. As we look ahead, we are focused on further strengthening our global footprint.”
Building on its momentum, Dar Global is gearing up for US expansion, with plans to invest in key international cities. The company aims to partner with top-tier developers to create luxury residences, targeting both US and international buyers.
Ends
Also read: Dar Global partners with The Trump Organization for Jeddah debut
