Company Insights Dar Al Arkan Real Estate Development Company Real Estate Dar Al Arkan Real Estate Development Company Overview Dar Al Arkan Real Estate Development Company is based in Riyadh and was established in December 1994. It became a public company in December 2007 and is now the largest property development company in Saudi Arabia by market value, with more than $8 billion in assets. Dar Al Arkan’s core businesses are land development, developing infrastructure on raw land; constructing residential complexes and commercial units, and property management, including leasing and maintaining residential, commercial and retail units. It claims to be the first company to introduce 3D concrete printing into the region, creating the first 3D construction printed (3DCP) villa in 2022. Dar Al Arkan’s independent subsidiary and international real estate arm Dar Global completed a $600 million listing on the London Stock Exchange in February 2023. Dar Global operates in eight countries, including Qatar, the UAE and Oman, where it is building the Trump International Hotel in Muscat, expected to be finished in 2028. It has also announced plans to build Trump Towers in Jeddah and Dubai. Further afield Dar Global has projects in Spain, the Maldives, the UK and Bosnia. Dar Al Arkan Real Estate Development Company News EXCLUSIVE Real Estate Damac secures rights to build Trump Tower Abu Dhabi The Dubai luxury developer Damac Properties has secured the rights to build a Trump Tower in Abu Dhabi, sources familiar with the matter have told AGBI, as the Trump Organisation expands its footprint in the Gulf. Damac has an established relationship with the Trump Organisation, the family business of US President-elect Donald Trump, with a […] December 21, 2024 Real Estate Trump Towers proposed for Saudi and UAE capitals The Trump Organization intends to build Trump Towers in Riyadh and Abu Dhabi, marking its expansion across the Gulf region. The projects will be developed in partnership with Dar Global, the global development arm of Saudi-listed Dar Al Arkan, Eric Trump, the US president-elect’s son, told Reuters. The Abu Dhabi project is scheduled for launch next year, he said. Ziad El […] December 13, 2024 Real Estate Dar Global plans two Trump-branded projects in Riyadh Real estate developer Dar Global has signed an agreement with The Trump Organization to build two “landmark projects” in Riyadh. No details were provided on the Trump-branded projects, which are set to be the fourth and fifth collaborations between the two companies. Dar Global, the international arm of Saudi-listed developer Dar Al Arkan,said the projects […] December 9, 2024 Analysis Real Estate Why Saudi real estate stocks are less popular than you might think Most developers are unlisted Land ownership is fragmented Dubai-style compounds not popular Saudi Arabia has rising property prices, soaring homeownership rates and steady mortgage approvals – so you might think its real estate sector w... Register now: It’s easy and free This content is available for registered members only. Register for your free account today […] November 27, 2024 Analysis Giga-projects The remaking of Riyadh ahead of World Expo 2030 Expo 2030 is already propelling real estate development in Riyadh six years before the international fair is scheduled to take place – and, along with other giga-projects, is helping to shift the city’s core to the north. The World Expo, which typically takes place in a different city every five years, is expected to occupy […] October 31, 2024 Real Estate Dar Global reports H1 2024 loss as revenue drops 60% Developer Dar Global, a Saudi-listed Dar Al Arkan subsidiary, recorded a loss in the first half of 2024 after revenues fell nearly 60 percent year on year. The company, also listed on the London Stock Exchange, reported losses of nearly $13 million between January and June, compared to a profit of $21 million a year […] September 27, 2024 Real Estate Dar Global to build new Trump tower in Dubai The Trump real estate brand got another boost in the Gulf on Thursday as developer Dar Global announced it would build a Trump Tower in Dubai. The London-listed overseas arm of Saudi Arabia’s largest developer Dar Al Arkan said further details about the agreement with the Trump Organization, such as the exact location and construction […] July 18, 2024 Real Estate Trump’s convictions no problem in Gulf, says Saudi partner Donald Trump’s felony convictions in New York last week are not a deterrent to his potential business interests in the Gulf, a leading Saudi developer has said. Trump became the first former US president to be convicted of felony crimes on May 30 when a New York jury found him guilty of all 34 charges […] June 4, 2024 Real Estate Dar Al Arkan Q1 profit rises 31% on higher property sales The net profit of Saudi Arabian real estate company Dar Al Arkan rose 31 percent in the first quarter of 2024 to SAR154 million ($41 million). The earnings increase was driven by higher property sales, a fall in operating expenses, and higher non-operating income from Islamic deposits. Property sales increase drove revenue higher by 13 […] May 20, 2024 Real Estate UAE launches Aston Martin-branded residential tower The global development arm of Saudi-listed Dar Al Arkan Real Estate Development will launch a $250 million luxury beachfront residential project in Ras Al Khaimah with interiors designed by British luxury carmaker Aston Martin. The residential project, located on Al Marjan Island, will be launched in May, London-listed Dar Global said in a statement. The project is […] April 23, 2024 Posts navigation 1 2 3 Next
EXCLUSIVE Real Estate Damac secures rights to build Trump Tower Abu Dhabi The Dubai luxury developer Damac Properties has secured the rights to build a Trump Tower in Abu Dhabi, sources familiar with the matter have told AGBI, as the Trump Organisation expands its footprint in the Gulf. Damac has an established relationship with the Trump Organisation, the family business of US President-elect Donald Trump, with a […] December 21, 2024
Real Estate Trump Towers proposed for Saudi and UAE capitals The Trump Organization intends to build Trump Towers in Riyadh and Abu Dhabi, marking its expansion across the Gulf region. The projects will be developed in partnership with Dar Global, the global development arm of Saudi-listed Dar Al Arkan, Eric Trump, the US president-elect’s son, told Reuters. The Abu Dhabi project is scheduled for launch next year, he said. Ziad El […] December 13, 2024
Real Estate Dar Global plans two Trump-branded projects in Riyadh Real estate developer Dar Global has signed an agreement with The Trump Organization to build two “landmark projects” in Riyadh. No details were provided on the Trump-branded projects, which are set to be the fourth and fifth collaborations between the two companies. Dar Global, the international arm of Saudi-listed developer Dar Al Arkan,said the projects […] December 9, 2024
Analysis Real Estate Why Saudi real estate stocks are less popular than you might think Most developers are unlisted Land ownership is fragmented Dubai-style compounds not popular Saudi Arabia has rising property prices, soaring homeownership rates and steady mortgage approvals – so you might think its real estate sector w... Register now: It’s easy and free This content is available for registered members only. Register for your free account today […] November 27, 2024
Analysis Giga-projects The remaking of Riyadh ahead of World Expo 2030 Expo 2030 is already propelling real estate development in Riyadh six years before the international fair is scheduled to take place – and, along with other giga-projects, is helping to shift the city’s core to the north. The World Expo, which typically takes place in a different city every five years, is expected to occupy […] October 31, 2024
Real Estate Dar Global reports H1 2024 loss as revenue drops 60% Developer Dar Global, a Saudi-listed Dar Al Arkan subsidiary, recorded a loss in the first half of 2024 after revenues fell nearly 60 percent year on year. The company, also listed on the London Stock Exchange, reported losses of nearly $13 million between January and June, compared to a profit of $21 million a year […] September 27, 2024
Real Estate Dar Global to build new Trump tower in Dubai The Trump real estate brand got another boost in the Gulf on Thursday as developer Dar Global announced it would build a Trump Tower in Dubai. The London-listed overseas arm of Saudi Arabia’s largest developer Dar Al Arkan said further details about the agreement with the Trump Organization, such as the exact location and construction […] July 18, 2024
Real Estate Trump’s convictions no problem in Gulf, says Saudi partner Donald Trump’s felony convictions in New York last week are not a deterrent to his potential business interests in the Gulf, a leading Saudi developer has said. Trump became the first former US president to be convicted of felony crimes on May 30 when a New York jury found him guilty of all 34 charges […] June 4, 2024
Real Estate Dar Al Arkan Q1 profit rises 31% on higher property sales The net profit of Saudi Arabian real estate company Dar Al Arkan rose 31 percent in the first quarter of 2024 to SAR154 million ($41 million). The earnings increase was driven by higher property sales, a fall in operating expenses, and higher non-operating income from Islamic deposits. Property sales increase drove revenue higher by 13 […] May 20, 2024
Real Estate UAE launches Aston Martin-branded residential tower The global development arm of Saudi-listed Dar Al Arkan Real Estate Development will launch a $250 million luxury beachfront residential project in Ras Al Khaimah with interiors designed by British luxury carmaker Aston Martin. The residential project, located on Al Marjan Island, will be launched in May, London-listed Dar Global said in a statement. The project is […] April 23, 2024
