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For
immediate release
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8 January
2025
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RNS
Reach
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Dar Global
plc
('Dar
Global', the 'Company' or the 'Group')
2024 Development
Update
'Dar Global launches over
US$1.9 billion in global luxury real estate projects in
2024
and sets sights on expansion
into the US in 2025'
Recording a milestone year, Dar
Global, the London-listed luxury real estate developer, is pleased
to announce that it unveiled ten landmark projects in 2024,
spanning Saudi Arabia, the UAE, Qatar, Oman, and Spain, with a
combined value exceeding US$1.9 billion. These unique developments
not only strengthen Dar Global's position as a leader in redefining
the global luxury real estate landscape but also presents projects
that have high investment potential.
Dar Global's latest launches
highlight its continued partnership with the Trump Organization,
including the Trump Jeddah Tower (US$530 million), 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,
Neptune by Mouawad (US$230 million) offers 200 premium villas. In
the UAE, The Astera (US$238 million) features Aston Martin-designed
interiors on Al Marjan Island, including the exclusive Sky Villa
(US$11 million) part of its exclusive 1 of 1 portfolio. In Spain,
Marea Interiors by Missoni (US$108 million) introduces a gated
community in Finca Cortesin, blending luxury living with Missoni's
iconic design.
Qatar's The Weekend 2 by Elie Saab
(US$75 million), located on Qetifan Island North, blends luxury
living with premier recreational amenities. In Oman, the portfolio
includes The Great Escape 2 (US$70 million), a residential complex
in Aida, Muscat, as well as the Marriott Residences (US$100
million), exclusive beachfront properties in Aida, and the Trump
International Hotel & Trump Cliff Villas (US$495 million), a
premium mixed-use development spanning 3.5 million square meters.
Additionally, the Trump Golf Villas (US$40 million), perched 130
meters above the Muscat Riviera, offer spectacular views and luxury
living.
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.
Since the Company's establishment in
2017 and further listing on the London Stock Exchange in 2023, Dar
Global continues to redefine luxury real estate with a track record
of delivering high-quality projects across nine markets, and a
portfolio that seamlessly blends innovative design, strategic
partnerships, and unparalleled luxury across key global
destinations. With a globally affluent clientele from over 100
nationalities, Dar Global remains a trusted name for exceptional
investment and lifestyle opportunities.
- Ends -
For
further enquiries, please contact:
Notes to editors:
Dar Global PLC is a highly
differentiated international real estate business. It focuses
predominantly on developing real estate projects comprising second
homes for internationally mobile customers, in some of the most
desirable locations across the Middle East and Europe, including
Jeddah and Riyadh in Saudi Arabia, downtown Dubai, Muscat in Oman,
London and the Costa del Sol region in the South of
Spain.
Dar Global was originally
established to house and develop the international assets of Dar Al
Arkan Real Estate Development PJSC ('DAARE'), a leading real estate
developer in the Kingdom of Saudi Arabia. Listed on the Saudi
Stock Exchange since 2007, Dar Al Arkan has delivered over 15,000
residential units with total assets of c. US$7.5
billion.
The Company intends to expand its
focus to hospitality assets. The aim is to acquire or build hotels
and sell them after a period of three to five years of operation
once the hotels' or resorts' revenue streams stabilise. Target
markets include the US, Spain, Dubai, Maldives, Athens, Saudi
Arabia, and London.
Dar Global was admitted to the Main
Market of the London Stock Exchange on 28 February 2023. For more
information, please visit www.DarGlobal.co.uk