Dar Global Announces Over $1.9 Billion Luxury Real Estate Projects for 2024 and Eyes USA Expansion by 2025
In a significant move within the luxury real estate sector, Dar Global, the publicly traded developer based in London, has announced a remarkable portfolio of ten prestigious projects slated for 2024, collectively valued at over $1.9 billion. This initiative not only reinforces Dar Global’s reputation as a leader in redefining luxury living but also demonstrates its ability to attract substantial investment in the ever-competitive real estate market.
The newly proposed projects span various elite locations, including Saudi Arabia, the United Arab Emirates, Qatar, Oman, and Spain. Among these emblematic developments is the Trump Jeddah Tower in Saudi Arabia, a $530 million project that promises to be a landmark across the Jeddah skyline, featuring upscale residences and an exclusive members' club. With its grand design and luxurious offerings, it represents a unique fusion of lifestyle and investment potential.
In Riyadh, the Neptune by Mouawad project, valued at $230 million, aims to deliver 200 high-end villas, marking another significant investment in the region's luxury housing market. Meanwhile, the Astera project on Al Marjan Island in the UAE showcases designs by Aston Martin, with a focus on exclusive living spaces, including the luxurious Sky Villa priced at $11 million, part of the ultra-premium 1 of 1 portfolio.
Further enriching its offerings in Spain, Dar Global is unveiling the Marea Interiors by Missoni, a $108 million gated community poised to blend luxurious living with Missoni’s iconic design aesthetics in Finca Cortesin. The initiative also includes The Weekend 2 by Elie Saab on Qetifan Island North, combining high-class residences with top-tier leisure amenities at a $75 million investment.
Diving into Oman, the landscaping of The Great Escape 2 emerges as a distinctive residential complex in Aida, Muscat, accompanied by Marriott Residences, which will feature exclusive beach plots priced at $100 million. The high-profile Trump International Hotel and Trump Cliff Villas are set at a projected $495 million, covering 3.5 million square meters of premium mixed-use development, while the Trump Golf Villas, located at a breathtaking 130 meters above the Muscat coastline, will provide unmatched vistas and luxurious living experiences priced at $40 million.
Ziad El Chaar, the CEO of Dar Global, remarked, “The unveiling of our groundbreaking projects from last year reflects our relentless commitment to delivering world-class luxury real estate at some of the most sought-after destinations globally. These developments highlight our ability to anticipate and meet the evolving needs of global investors, offering unparalleled lifestyle and investment opportunities. As we look ahead, our focus remains on strengthening our global presence.”
With this robust momentum, Dar Global is now preparing to set its sights on the United States, planning major investments in key international cities. By forging partnerships with leading developers in the U.S., the company aims to create luxury residences that will appeal to both American homeowners and international buyers. This strategic expansion into the American market underscores Dar Global's intent to diversify and amplify its luxury living offerings on a global scale, carving a distinct niche in the sophisticated realm of high-end real estate investments.
The newly proposed projects span various elite locations, including Saudi Arabia, the United Arab Emirates, Qatar, Oman, and Spain. Among these emblematic developments is the Trump Jeddah Tower in Saudi Arabia, a $530 million project that promises to be a landmark across the Jeddah skyline, featuring upscale residences and an exclusive members' club. With its grand design and luxurious offerings, it represents a unique fusion of lifestyle and investment potential.
In Riyadh, the Neptune by Mouawad project, valued at $230 million, aims to deliver 200 high-end villas, marking another significant investment in the region's luxury housing market. Meanwhile, the Astera project on Al Marjan Island in the UAE showcases designs by Aston Martin, with a focus on exclusive living spaces, including the luxurious Sky Villa priced at $11 million, part of the ultra-premium 1 of 1 portfolio.
Further enriching its offerings in Spain, Dar Global is unveiling the Marea Interiors by Missoni, a $108 million gated community poised to blend luxurious living with Missoni’s iconic design aesthetics in Finca Cortesin. The initiative also includes The Weekend 2 by Elie Saab on Qetifan Island North, combining high-class residences with top-tier leisure amenities at a $75 million investment.
Diving into Oman, the landscaping of The Great Escape 2 emerges as a distinctive residential complex in Aida, Muscat, accompanied by Marriott Residences, which will feature exclusive beach plots priced at $100 million. The high-profile Trump International Hotel and Trump Cliff Villas are set at a projected $495 million, covering 3.5 million square meters of premium mixed-use development, while the Trump Golf Villas, located at a breathtaking 130 meters above the Muscat coastline, will provide unmatched vistas and luxurious living experiences priced at $40 million.
Ziad El Chaar, the CEO of Dar Global, remarked, “The unveiling of our groundbreaking projects from last year reflects our relentless commitment to delivering world-class luxury real estate at some of the most sought-after destinations globally. These developments highlight our ability to anticipate and meet the evolving needs of global investors, offering unparalleled lifestyle and investment opportunities. As we look ahead, our focus remains on strengthening our global presence.”
With this robust momentum, Dar Global is now preparing to set its sights on the United States, planning major investments in key international cities. By forging partnerships with leading developers in the U.S., the company aims to create luxury residences that will appeal to both American homeowners and international buyers. This strategic expansion into the American market underscores Dar Global's intent to diversify and amplify its luxury living offerings on a global scale, carving a distinct niche in the sophisticated realm of high-end real estate investments.
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