Company Insights Dar Al Arkan Real Estate Development Company Real Estate Dar Al Arkan Real Estate Development Company News 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 Construction Dar Al Arkan profit nearly doubles as lease revenue rises Profits almost doubled for the third quarter at Saudi Arabia’s largest developer, Dar Al Arkan, driven by a fall in operating expenses and an increase in lease revenue. For the quarter ended September 30 2023, profits rose 91.27 percent to SAR151.91 million ($40.49 million), from SAR79.42 million a year earlier, the company said in a filing to […] November 6, 2023 Banking & Finance Saudi regulator issues $319m in fines for share fraud Saudi Arabia’s financial regulator has convicted 17 people of manipulation and fraud for trading shares in the kingdom’s largest property developer. The group has been hit with fines amounting to hundreds of millions of dollars, when the value of gains they have been ordered to return are included. The Saudi Capital Markets Authority (CMA) on […] July 21, 2023 Real Estate Dar Al Arkan profit dip no cause for alarm Saudi Arabian real estate firm Dar Al Arkan posted a 47 percent profit dip in the first quarter of the year to SAR117.6 million ($31.3 million), from SAR221 million a year earlier. The decrease was attributed to lower property sales in Q1 and higher financing burdens, the company said in a filing to the Tadawul […] May 22, 2023 Real Estate Branded homes deepen share of Dubai’s property market Luxury branded residences made up almost two-thirds of off-plan apartment sales in Dubai last year, up from 30 percent in 2020, as appetite for this type of real estate grows. Sales of branded residential property – developed in partnership either with upscale hospitality groups such as the Ritz-Carlton and the Four Seasons, or luxury brands […] March 29, 2023 Posts navigation Previous 1 2 3 4 Next
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
Construction Dar Al Arkan profit nearly doubles as lease revenue rises Profits almost doubled for the third quarter at Saudi Arabia’s largest developer, Dar Al Arkan, driven by a fall in operating expenses and an increase in lease revenue. For the quarter ended September 30 2023, profits rose 91.27 percent to SAR151.91 million ($40.49 million), from SAR79.42 million a year earlier, the company said in a filing to […] November 6, 2023
Banking & Finance Saudi regulator issues $319m in fines for share fraud Saudi Arabia’s financial regulator has convicted 17 people of manipulation and fraud for trading shares in the kingdom’s largest property developer. The group has been hit with fines amounting to hundreds of millions of dollars, when the value of gains they have been ordered to return are included. The Saudi Capital Markets Authority (CMA) on […] July 21, 2023
Real Estate Dar Al Arkan profit dip no cause for alarm Saudi Arabian real estate firm Dar Al Arkan posted a 47 percent profit dip in the first quarter of the year to SAR117.6 million ($31.3 million), from SAR221 million a year earlier. The decrease was attributed to lower property sales in Q1 and higher financing burdens, the company said in a filing to the Tadawul […] May 22, 2023
Real Estate Branded homes deepen share of Dubai’s property market Luxury branded residences made up almost two-thirds of off-plan apartment sales in Dubai last year, up from 30 percent in 2020, as appetite for this type of real estate grows. Sales of branded residential property – developed in partnership either with upscale hospitality groups such as the Ritz-Carlton and the Four Seasons, or luxury brands […] March 29, 2023