In Saudi Arabia, Dar Global is set to introduce the iconic Trump Tower to the Jeddah skyline
Wednesday, 3 July 2024
The Trump Organization and Dar Global, a leading luxury real estate developer headquartered in Dubai and listed on the London Stock Exchange, have joined forces for an exceptional new project: the Trump Tower in Jeddah.
Key Highlights of the Collaboration
- Trump Tower Jeddah: This prestigious project marks Dar Global’s entry into Jeddah’s real estate market. It is the company’s first major venture in this Saudi city, building on its history of successful international projects.
- AIDA Development: The announcement follows the recent unveiling of the $500 million Trump International Oman project, marking The Trump Organization’s second significant Middle Eastern venture.
Dar Global’s Strategic Expansion
- Commitment to Luxury: Dar Global, previously known as Dar Al Arkan, aims to cater to the Saudi luxury market and attract international investors with this high-end development. The company is focusing on premium real estate to meet the growing demands of Saudi Arabia’s affluent buyers.
- Impressive Portfolio: Since its public listing in February, Dar Global has expanded its portfolio to an impressive $5.9 billion, with more than half of its investments concentrated in the GCC region.
CEO Insights
- Growth Opportunities: In a recent interview with Zawya, CEO Ziad El Chaar emphasized the growth potential in Saudi Arabia, stating, “Saudi Arabia offers us a substantial opportunity for growth.” He also addressed concerns about competition with its parent company, Dar Al Arkan, affirming that the focus is on attracting international buyers interested in the kingdom.
Strategic Vision
- Global Presence: The partnership and the Trump Tower Jeddah project underline Dar Global’s strategy to become a prominent player in the Saudi luxury real estate market. The aim is to enhance global attention and draw significant investment to the region.
This collaboration exemplifies Dar Global’s commitment to excellence and its strategic vision for the future of luxury real estate in Saudi Arabia.
