Dar Global, the renowned luxury developer from Dubai, is gearing up to tackle its debut project in Saudi Arabia. In many ways, this would signify a return to its roots for the company as it is the international division of the renowned Saudi real estate giant Dar Al Arkan. The objective of the Dar Global initiative is to purchase land and develop properties close to the site of the Riyadh Expo 2030.
“The residential options we plan to build there are targeted at the international investor market,” said Ziad El Chaar, CEO of Dar Global. “It would make perfect sense for us given that Saudi Arabia had last December started offering residency for life options for investors putting in SAR4 million and more.”
From Dar Global’s perspective, there is a golden opportunity to establish unique developments in major Gulf cities that cater to the demand of both regional and foreign investors seeking a secondary home.
“The residential options we plan to build there are targeted at the international investor market”
The developer, which is listed on the London Stock Exchange, already is making headway on that plan, with two upscale residential projects in Dubai set to be complete before this year ends. Additionally, Dar Global has ongoing projects in Qatar and Oman, including the construction of Trump-branded villas in Muscat.
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