DarGlobal

Dar Global PLC[1][2]
IndustryReal Estate
Founded2017 (2017)
Headquarters
Riyadh
,
Saudi Arabia[3]
Key people
Ziad Elchaar (CEO)
Websitedarglobal.co.uk.[4]

Dar Global PLC is a real estate development company headquartered in Riyadh, Saudi Arabia, and is publicly listed on the London Stock Exchange (LSE).[1][5][6] The company began trading on the LSE on February 28, 2023, becoming the first Saudi company to be listed on the main market of the London Stock Exchange.[1][7][8]

The company is closely tied to the Saudi government.[9] The company is heavily invested in Trump family properties.[9]

History

Dar Global was originally established to develop the assets of Dar Al Arkan Real Estate Development PJSC (DAARE), a real estate developer in KSA.[10]

Dar Global was listed on the Main Market of the London Stock Exchange on February 28, 2023.[11]

Dar Global has delivered a compounded 500,000 square meters of commercial space and over 15,300 residential units, with assets valued at US$8.6 billion as of March 2023.[12]

Beginning in 2023, Dar Global announced its first partnership with China State Construction, at the time the world's largest construction company. The partnership was for the construction of the developers latest residential development in Dubai, the W Residences.[13]

The company is heavily invested in Trump family properties. By 2025, during the Second Donald Trump administration, Trump-branded properties accounted for 18% of Dar Global's entire portfolio.[14]

In Oman, the development group unveiled a Nickelodeon-themed hotel, in partnership with the US-based entertainment group.[15] Dar Global continued the expansion of its luxury real estate portfolio with the launch of a villa-focused development in partnership with Fendi Casa, a subsidiary of the fashion house of the same name.[16] The luxury villas would be sea-front within its AIDA development masterplan.

In early 2026, the development group announced its plans to begin development of Amaya in Jeddah, Saudi Arabia. The media often referred to the development as the Beverly Hills of Jeddah.[17] The masterplan spans 1 million square meters in a central location within the city.[17] In August 2026, Dar Global began awarding contracts for the construction of The Trump International Hotel and Tower in Dubai.[18] The 350-meter mixed-use skyscraper would have a construction cost of $1 billion and is planned to open in 2030.[18]

References

  1. 1 2 3 Lipton, Eric (July 1, 2024). "Trump Organization Signs Up to Put Its Brand on a New Saudi Tower". The New York Times – via NYTimes.com.
  2. ↑ "Saudi's Dar Global plans to invest $300 million in USA - ET RealEstate". ETRealty.com.
  3. ↑ Hassan, Nadin. "Dar Global boosts GDV by 67% to $12.5bn with Saudi expansion, entry into financial services". Arab News.
  4. ↑ Sharma, Alkesh. "Dar Global to partner with Aston Martin on $250m beachfront project in Ras Al Khaimah". The National.
  5. ↑ Report, Gulf News (May 2, 2023). "Dar Global strikes a profit in first results after FTSE listing, gets ready for Spanish launch". Gulf News.
  6. ↑ "UAE branded residences: Aston Martin, Dar Global reveal new $250mn residential real estate project in Ras Al Khaimah - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". Arabian Business. April 22, 2024.
  7. ↑ Halligan, Neil. "Dar Global reveals Trump Villas design for Muscat resort and golf course". The National.
  8. ↑ "Dar Global announces record $361m revenues - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". Arabian Business. March 1, 2024.
  9. 1 2 Gamio, Lazaro; Walker, Amy Schoenfeld (December 31, 2025). "Trump's Tangled Web of Deal-Making, Policy and Riches". The New York Times. ISSN 0362-4331.
  10. ↑ "Saudi property developer Dar Global to list in London on Feb. 28". Reuters. February 23, 2023 – via www.reuters.com.
  11. ↑ "Saudi mega-developer Dar Al Arkan to list its Dubai-based subsidiary in London". gulfnews.com. January 2, 2023.
  12. ↑ Zargani, Luisa (August 30, 2023). "Missoni, Dar Global Partner on Residential Project in Spain".
  13. ↑ Tolentino, Julianne (February 17, 2023). "DarGlobal appoints China State Construction to build $74mn W Residences". Construction Week.
  14. ↑ "How the Trumps won the Gulf". The Financial Times. 2025.
  15. ↑ "Dar Global unveils Nickelodeon-themed hotel at AIDA Oman luxury development". Arabian Business. February 9, 2026.
  16. ↑ "Dar Global unveils FENDI Casa-branded luxury villas in Oman as Muscat's AIDA expands". Arabian Business. June 30, 2026.
  17. 1 2 Milner, Will (April 24, 2026). "DarGlobal appoints contractor for 1m sq m 'Beverly Hills of Jeddah' Amaya project". Arabian Business.
  18. 1 2 Rahman, Fareed (August 6, 2026). "Dubai's $1 billion Trump Tower moves forward as key contract issued". The National (Abu Dhabi).
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