Dar Global, the international subsidiary of Saudi Arabia's Dar Al Arkan Real Estate Development Co., is set to expand aggressively, focusing on luxury real estate projects in major U.S. cities like New York, Miami, and Los Angeles. CEO Ziad El Chaar has confirmed discussions with leading U.S. developers, although specific firms have not been disclosed.
The company plans a $300 million equity investment in the U.S. luxury real estate market by the end of the year, supplemented by additional debt financing from both U.S. and international sources. Dar Global aims to attract a diverse clientele, targeting at least half of its sales to U.S. residents.
Recently, Dar Global partnered with Aston Martin to develop beachfront condominiums in the UAE and collaborated with Lamborghini for Tierra Viva, a collection of luxury villas near Marbella, Spain, announced in June of last year.
Dar Global has also entered into multiple partnerships with the Trump Organization, including plans for the Trump International Oman, a 140-key hotel slated to open in late 2028. Another collaboration in Jeddah, Saudi Arabia, with the Trump Organization was also announced concurrently with their U.S. investment plans.
Currently active in five countries, with ongoing developments in Spain and short-term rental projects in London, Dar Global, established in 2017 and publicly listed on the London Stock Exchange in February with a valuation of approximately $600 million, aims to increase its public ownership as it expands.
With its ambitious vision, strategic partnerships, and robust financial backing, Dar Global is poised to emerge as a prominent player in the global luxury real estate market, navigating international complexities and executing on its ambitious growth plans.
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