Dar Global, the international arm of Saudi Arabia's Dar Al Arkan Real Estate Development Co., has ambitious plans for expansion, with a focus on luxury real estate developments in major U.S. markets including cities like New York, Miami, and Los Angeles. CEO Ziad El Chaar has confirmed meetings with top U.S. developers, though the specific firms remain undisclosed.
The company's strategy includes a $300 million equity investment in the U.S. luxury real estate market by the year's end, with additional debt financing planned from both U.S. and international sources. Dar Global aims to cater to a mix of international and domestic buyers, with a goal of selling at least half of its units to U.S. residents.
Image: Dar Global, Davinci Towers by Pagani
Last month, Dar Global joined forces with Aston Martin to develop beachfront condos in the United Arab Emirates. Additionally, in June of the previous year, they partnered with Lamborghini to announce Tierra Viva, a collection of 53 luxury villas near Marbella, Spain.
Image: Dar Global, Trump International in Muscat, Oman
Dar Global has also established multiple collaborations with former President Donald Trump's real estate company. Notably, on the same day Dar Global announced a $300 million investment in the United States, they also revealed plans for the Trump International Oman, a 140-key hotel scheduled to open in late 2028. Dar Global recently announced another with the Trump Organization to develop a yet-to-be-disclosed property in Jeddah, Saudi Arabia.
Image: Dar Global, W Residences in Dubai, United Arab Emirates
Dar Global's portfolio currently spans five countries, with most projects still under development. Outside of the Middle East, the company's presence is limited to Spain, with two ongoing projects, and London, where it has a luxury five-bedroom apartment available for lease and two more short-term rental projects in the pipeline.
Established in 2017 and publicly listed on the London Stock Exchange in February with a valuation of approximately $600 million, Dar Global is poised for growth. While initially 88% owned by its parent company, Dar Al Arkan, plans are in place to increase public ownership as the company expands.
Dar Global's ambitious vision and strategic approach position it as a rising star in the global luxury real estate market. With its diverse portfolio, financial backing, and focus on key markets, the company is well-prepared to navigate the complexities of international expansion and deliver on its ambitious goals.
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