DarGlobal
Dar Global PLC is a real estate developer headquartered in Dubai that provides luxury residential properties. Founded in 2017, Dar Global currently has 12 projects that are valued at approximately USD 4.8 billion. These projects are located in downtown Dubai, Muscat, Doha, London, and Spain's Costa del Sol.[1][2][3][4]
History[edit]
Dar Global was originally established to develop the assets of Dar Al Arkan Real Estate Development PJSC (DAARE), a real estate developer in KSA.[2]
Dar Global was listed on the Main Market of the London Stock Exchange on February 28, 2023.[5][6][7][8]
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.[9][2][10][11]
Dar Global’s leadership team includes notable figures like CEO Ziad El Chaar, CFO Shivaraman Iyer, CEO of Development Bilal Al Matarneh, and COO Redwan Zaouk.[12][13][14][15][16]
Dar Global's brand partnerships include Dolce & Gabbana, Elie Saab, Missoni, Versace Home, the Trump Organization, W Hotels, Automobili Pagani, and Automobili Lamborghini.[17][18]
Notable projects[edit]
- ‘Marea’ (interiors by Missoni) in Cortesin, Costa Del Sol / Spain
- ‘Oh So Close’ in London, United Kingdom
- 149 Old Park Lane
- 8min-to-Central
- ‘TIERRA VIVA’ in Benahavís, Spain
- ‘DG1’ in Dubai, United Arab Emirates
- ‘AIDA’ in Muscat, Oman
- ‘Les Vagues’ by Elie Saab in Doha, Qatar
- ‘W Residences Dubai - Downtown’ in Dubai, United Arab Emirates
- ‘Urban Oasis by Missoni’ in Dubai, United Arab Emirates
- ‘DaVinci Tower by Pagani’ in Dubai, United Arab Emirates
- ‘Sidra Bosnia’ in Sarajevo, Bosnia and Herzegovina
References[edit]
- ^ Report, Gulf News. "Dar Global strikes a profit in first results after FTSE listing, gets ready for Spanish launch". Gulf News.
- ^ a b c "Saudi property developer Dar Global to list in London on Feb. 28". February 23, 2023 – via www.reuters.com.
- ^ https://www.arabianbusiness.com/gcc/oman/4bn-trump-resort-in-oman-boost-as-saudis-dar-global-launches-sales
- ^ a b https://www.arabianbusiness.com/markets/equities/ipo/dar-global-london-stock-exchange-listing-big-milestone-ceo-says
- ^ https://www.arabianbusiness.com/industries/real-estate/dar-global-announces-new-dubai-tower-dg1
- ^ "Saudi mega-developer Dar Al Arkan to list its Dubai-based subsidiary in London". gulfnews.com. January 2, 2023.
- ^ Kamel, Deena (January 2, 2023). "Saudi Arabia's Dar Al Arkan to proceed with Dubai unit IPO on London exchange in Q1 2023". The National.
- ^ "Saudi Dar Al Arkan plans to list Dubai unit on London Stock Exchange". www.zawya.com.
- ^ Zargani, Luisa (August 30, 2023). "Missoni, Dar Global Partner on Residential Project in Spain".
- ^ Rahman, Fareed (March 23, 2023). "Dar Al Arkan's global unit plans to launch $2.5bn worth of projects to support expansion". The National.
- ^ https://www.mepmiddleeast.com/projects/indian-conglomerate-shapoorji-pallonji-wins-31-5mn-dar-global-contract
- ^ https://darglobal.co.uk/old-investor-page
- ^ "Saudi Dar Al Arkan's global arm completes listing on LSE". www.zawya.com.
- ^ "Dar Global secures $204mln loan from Emirates NBD to fund acquisitions". www.zawya.com.
- ^ "Emirates NBD arranges Dh750 million term loan facility for Dar Global". gulfnews.com. June 1, 2023.
- ^ https://www.mepmiddleeast.com/projects/saudis-dar-al-arkan-and-lamborghini-partner-for-308m-spanish-luxury-project
- ^ "Emirates NBD arranges $204mln term loan facility for Dar Global". www.zawya.com.
- ^ "Dolce & Gabbana partners with Dar Global on new hospitality project". Business Traveller.
- ^ "Saudi Dar Al Arkan's global arm will be listed on LSE on February 28". www.zawya.com.
- ^ Release, Press. "Dar Global awards Shapoorji Pallonji Mideast (L.L.C) the fit-out works for Da Vinci Tower by Pagani in Dubai for AED116mln". www.zawya.com.
- ^ "Luxury fashion brand Dolce&Gabbana makes real estate entry with Dar Global in Maldives". gulfnews.com. April 4, 2023.
- ^ "Lamborghini unveils luxury villas "directly inspired by the brand's supercars"". Dezeen. June 22, 2023.