Company Insights Dar Al Arkan Real Estate Development Company Real Estate Dar Al Arkan Real Estate Development Company News 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 Exclusive Real Estate Dubai mortgage market needs overhauling, says Gulf developer Mortgage systems for overseas investors looking to buy completed homes in Dubai need to be overhauled, says the leader of one of the Gulf’s biggest property firms. “Dubai is a very unique market where off-plan sells higher than the ready properties,” said Ziad El Chaar, CEO of Dar Global Real Estate, Saudi Arabian real estate […] February 28, 2023 Banking & Finance Dar Al Arkan subsidiary completes $600m London listing Saudi Arabian real estate firm Dar Al Arkan’s independent global subsidiary has completed a listing on the main market of the London Stock Exchange (LSE), with a valuation of SAR 2.26 billion ($600 million). Dar Global has been admitted to the ‘standard segment’ of the official list of the UK’s Financial Conduct Authority as part […] February 23, 2023 Exclusive Manufacturing Cars, property and superjets: Pagani plots future with PIF Horacio Pagani, founder of the supercar that bears his name, is open to further partnerships with Saudi Arabia’s Public Investment Fund as his company expands into luxury real estate and private jet design. PIF acquired a 30 percent stake in the Italian business in 2021. Pagani, who acts as its CEO and chief design officer, […] January 29, 2023 Real Estate Dar Al Arkan plans to list Dubai unit on London stock exchange Saudi-listed Dar Al Arkan Real Estate Development Co. plans a direct listing of its Dubai subsidiary on the London Stock Exchange’s (LSE) main market after rebranding it as Dar Global Group. The proposed listing will involve a corporate re-organisation of Dar Global subject to UK Financial Conduct Authority (FCA), LSE approvals, and disclosure of an […] December 30, 2022 Analysis Construction Saudi to benefit from global drop in demand for building materials Developers in Saudi Arabia are poised to capitalise on a global drop in demand for construction materials. The overall projected increase in building costs appears to be less than first feared. According to a report from JLL, KSA Construction Market Intelligence Q4 2022, construction commodity prices have “flatlined” since hitting their peak in July, with […] December 25, 2022 Analysis Real Estate Four Seasons heads to Bahrain as branded home market booms Four Seasons has unveiled plans to build bespoke homes in Bahrain Bay as the demand for branded residences gathers pace in the Middle East. The hospitality company has teamed up with Bahrain-based real estate developer Bayside Developments for the Four Seasons Private Residences Bahrain Bay project. Buyers of the 112 homes will be able to […] November 17, 2022 Posts navigation Previous 1 2 3 4 Next
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
Exclusive Real Estate Dubai mortgage market needs overhauling, says Gulf developer Mortgage systems for overseas investors looking to buy completed homes in Dubai need to be overhauled, says the leader of one of the Gulf’s biggest property firms. “Dubai is a very unique market where off-plan sells higher than the ready properties,” said Ziad El Chaar, CEO of Dar Global Real Estate, Saudi Arabian real estate […] February 28, 2023
Banking & Finance Dar Al Arkan subsidiary completes $600m London listing Saudi Arabian real estate firm Dar Al Arkan’s independent global subsidiary has completed a listing on the main market of the London Stock Exchange (LSE), with a valuation of SAR 2.26 billion ($600 million). Dar Global has been admitted to the ‘standard segment’ of the official list of the UK’s Financial Conduct Authority as part […] February 23, 2023
Exclusive Manufacturing Cars, property and superjets: Pagani plots future with PIF Horacio Pagani, founder of the supercar that bears his name, is open to further partnerships with Saudi Arabia’s Public Investment Fund as his company expands into luxury real estate and private jet design. PIF acquired a 30 percent stake in the Italian business in 2021. Pagani, who acts as its CEO and chief design officer, […] January 29, 2023
Real Estate Dar Al Arkan plans to list Dubai unit on London stock exchange Saudi-listed Dar Al Arkan Real Estate Development Co. plans a direct listing of its Dubai subsidiary on the London Stock Exchange’s (LSE) main market after rebranding it as Dar Global Group. The proposed listing will involve a corporate re-organisation of Dar Global subject to UK Financial Conduct Authority (FCA), LSE approvals, and disclosure of an […] December 30, 2022
Analysis Construction Saudi to benefit from global drop in demand for building materials Developers in Saudi Arabia are poised to capitalise on a global drop in demand for construction materials. The overall projected increase in building costs appears to be less than first feared. According to a report from JLL, KSA Construction Market Intelligence Q4 2022, construction commodity prices have “flatlined” since hitting their peak in July, with […] December 25, 2022
Analysis Real Estate Four Seasons heads to Bahrain as branded home market booms Four Seasons has unveiled plans to build bespoke homes in Bahrain Bay as the demand for branded residences gathers pace in the Middle East. The hospitality company has teamed up with Bahrain-based real estate developer Bayside Developments for the Four Seasons Private Residences Bahrain Bay project. Buyers of the 112 homes will be able to […] November 17, 2022
