Dar Global PLC on Wednesday said it launched over $1.9 billion worth of luxury real estate projects in 2024, spanning Saudi Arabia, the UAE, Qatar, Oman, and Spain, as it gears up for an expansion into the US in 2025.
The company unveiled ten landmark developments last year, including the $530 million Trump Jeddah Tower in Saudi Arabia, set to become one of the tallest buildings in the city, and The Astera in the UAE, a $238 million project.
Other highlights include the $108 million Marea Interiors by Missoni in Spain and the $495 million Trump International Hotel & Trump Cliff Villas in Oman, a mixed-use development spanning 3.5 million square meters.
Chief Executive Officer Ziad El Chaar said: ‘These projects reflect our ability to anticipate and meet the evolving demands of global investors, offering unmatched lifestyle and investment opportunities. As we look ahead, we are focused on further strengthening our global footprint.’
Dar Global said that building on its momentum, the company is preparing for its first ventures into the US, aiming to collaborate with leading developers to create luxury residences in major cities, targeting both American and international buyers.
Shares in Dar Global closed at $7.00 each in London on Tuesday.
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