Dar Global - London-listed luxury residential and hospitality developer (specialist resi developer and future hotelier)

Investor profile

company is the international arm of Saudi Arabia's Dar Al Arkan Real Estate Development. Dar Global was listed in the London Stock Exchange on February 2023, with its parent company Dar Al Arkan Real Estate Development (DAARE) retaining a majority stake. DAARE is listed in the Saudi Stock Exchange. Strategy to accelerate growth in key markets as we look to capitalize on sustained demand for luxury properties from internationally mobile, high-net-worth investors; target buyers from over 100 nationalities, who are looking to invest in luxury homes in highly desirable international locations. Targeting internationally mobile high-net-worth and ultra-high-net-worth individuals seeking to buy vacation homes. Eleven residential developments, with a total volume of around $4.8bn, are spread across six countries: Spain, UAE, Oman, Qatar, the UK and Bosnia and Herzegovina. Brands Dar Global has collaborated with on the design of its residential units include Pagani, Missoni and Lamborghini. Company continues to build its international portfolio of luxury second home and leisure developments in desirable locations across Europe and the Middle East; focused on developing second homes for internationally mobile customers. It intends to expand to hospitality assets, with the aim of acquiring or building hotels and selling them after a period of three to five years of operation once the properties' revenue streams stabilise. Target markets include southern Spain, Dubai, Maldives, Athens, Marrakesh and London. In 2024, expansion plans in the UAE, the UK, the US and Saudi Arabia; secured a loan of up to $275m from a consortium that includes Emirates NBD