Staff Report
Dubai, UAE
Dar Global, the international real estate arm of Saudi-based mega developer Dar Al Arkan, has announced its partnership with AlixPartners, a leading international consulting firm, to develop a comprehensive roadmap for its ambitious global expansion goals. This follows a milestone year for Dar Global, marked by the unveiling of ten luxury real estate projects valued at over US$1.9 billion (Dh6.98 billion) across key international markets. Building on this success, the company is entering a new phase of hyper-growth, with bold plans for expansion across key international markets, including KSA, UAE, Oman, Qatar, UK, USA, and Greece, within the next five years.
Dar Global will be strategically targeting sites and crafting architectural masterpieces, continuing to deliver unparalleled living experiences that blend seamlessly with the local culture and landscape. Whether it’s a beachfront villa in Greece, a desert oasis in the UAE, or a chic urban apartment in London, the company’s developments will be defined by its exceptional quality, innovative design, and commitment to sustainability, setting new benchmarks for luxury living in each market.
Ziad El Chaar, CEO at Dar Global, said, “Dar Global is committed to developing exceptional, high-quality properties in the world’s most sought-after destinations. Our work with AlixPartners is an important step in achieving our ambitious global vision and accelerating our growth trajectory. Their expertise in building scalable and sustainable operating models will provide us with the strategic framework and operational rigour necessary to navigate the complexities of international expansion, further solidifying our position as a leader in the luxury second home market.”
In its work with AlixPartners, Dar Global will focus on a comprehensive assessment and redesign of its global operating model to achieve this rapid growth trajectory. This not only includes benchmarking against leading international real estate developers, defining an optimal target operating model, and developing a detailed roadmap for implementation, but also encompasses evaluating strategic options for structuring global operations, creating a framework for communication between the company’s headquarter and international offices, and designing a fit-for-purpose corporate structure. Furthermore, they will also oversee the development of detailed functional roles, resource plans, job descriptions, and key performance indicators, all underpinned by a robust change management strategy designed to manage rapid growth effectively.
Samer Dada, Partner and Managing Director at AlixPartners, said, “We are thrilled to be working with Dar Global on this transformative journey. This collaboration is a natural fit. Our expertise in helping businesses navigate the complexities of international growth complements Dar Global’s vision to expand worldwide across the second homes market.”
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Also read: After US$1.9 bn launches in 2024, Dar Global plans US foray in 2025
