Company Insights Dar Al Arkan Real Estate Development Company Real Estate Dar Al Arkan Real Estate Development Company News 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 Giga-projects Roshn awards $57m contract for Riyadh villa community The Saudi giga-project Roshn has signed a deal worth more than SAR215 million ($57 million) with Dar Al Arkan, a local developer, for a villa community in Riyadh. The two companies signed an agreement allowing Dar Al Arkan to acquire and develop residential villas in the first phase of Sedra. The 35 million sq m […] April 16, 2024 Exclusive Real Estate Dar Global spin-off to use AI in real estate marketing Dar Global, the London-listed arm of the Saudi Arabian real estate developer Dar Al Arkan, is establishing a venture dedicated to finding technological solutions to real estate companies’ biggest challenges. Ziad El Chaar, CEO of Dar Global, told AGBI that the company’s new Propgenuis spin-off would introduce tools aimed at automating social media management for […] March 13, 2024 Real Estate Dar Al Arkan unit aims for $700m revenue in two years Dar Global, the international real estate arm of Saudi-listed Dar Al Arkan, is targeting $700 million in combined revenues for 2024 and 2025 amid expansion beyond the GCC region. Following its London Stock Exchange listing, the company’s growth strategy in new markets and territories has seen the gross domestic value of its portfolio rise to […] March 4, 2024 Analysis Construction Localisation shields Saudi builders from Red Sea crisis Houthi attacks in the Red Sea may have been disrupting the construction supply chain into Saudi Arabia but companies, in particular larger ones, are adapting to the challenge. Since November, the Yemeni militia has launched dozens of attacks on commercial vessels on their way to or from the Suez Canal, forcing many global shippers to […] February 28, 2024 EXCLUSIVE Real Estate Trump still has ‘big pull’ for $2m branded villas in Oman Donald Trump may be facing criminal investigations in the US, but the 45th president’s brand continues to wield substantial influence in the Gulf. Last week there were more than 100 expressions of interest in a launch of 20 Trump-branded villas in Oman, within 24 hours, according to the project’s developer. “Trump as a brand still […] February 14, 2024 Posts navigation Previous 1 2 3 4 Next
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
Giga-projects Roshn awards $57m contract for Riyadh villa community The Saudi giga-project Roshn has signed a deal worth more than SAR215 million ($57 million) with Dar Al Arkan, a local developer, for a villa community in Riyadh. The two companies signed an agreement allowing Dar Al Arkan to acquire and develop residential villas in the first phase of Sedra. The 35 million sq m […] April 16, 2024
Exclusive Real Estate Dar Global spin-off to use AI in real estate marketing Dar Global, the London-listed arm of the Saudi Arabian real estate developer Dar Al Arkan, is establishing a venture dedicated to finding technological solutions to real estate companies’ biggest challenges. Ziad El Chaar, CEO of Dar Global, told AGBI that the company’s new Propgenuis spin-off would introduce tools aimed at automating social media management for […] March 13, 2024
Real Estate Dar Al Arkan unit aims for $700m revenue in two years Dar Global, the international real estate arm of Saudi-listed Dar Al Arkan, is targeting $700 million in combined revenues for 2024 and 2025 amid expansion beyond the GCC region. Following its London Stock Exchange listing, the company’s growth strategy in new markets and territories has seen the gross domestic value of its portfolio rise to […] March 4, 2024
Analysis Construction Localisation shields Saudi builders from Red Sea crisis Houthi attacks in the Red Sea may have been disrupting the construction supply chain into Saudi Arabia but companies, in particular larger ones, are adapting to the challenge. Since November, the Yemeni militia has launched dozens of attacks on commercial vessels on their way to or from the Suez Canal, forcing many global shippers to […] February 28, 2024
EXCLUSIVE Real Estate Trump still has ‘big pull’ for $2m branded villas in Oman Donald Trump may be facing criminal investigations in the US, but the 45th president’s brand continues to wield substantial influence in the Gulf. Last week there were more than 100 expressions of interest in a launch of 20 Trump-branded villas in Oman, within 24 hours, according to the project’s developer. “Trump as a brand still […] February 14, 2024
