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Dar Al Arkan Real Estate Development Company

Dar Al Arkan Real Estate Development Company News

Tower, Building, Architecture

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 […]

tower, gulf

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 […]

Horacio Pagani, Argentine-Italian founder, CEO and chief design officer at his supercar company

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, […]

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 […]

Saudi 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 […]

Four Seasons Bahrain

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 […]

Saudi developer Dar Al Arkan plans to list its Dubai subsidiary

Saudi-listed Dar Al Arkan Real Estate Development Company plans to list its Dubai subsidiary on an international stock exchange. In a statement published on the Saudi Exchange (Tadawul), the developer said it was considering several strategic and capital markets options for its international property business in Dubai, which may include listing. The developer recently completed […]

AIDA is the first development Dar Al Arkan are building in Oman

Saudi developer to sell utility NFTs on its $1.6bn Oman project

Saudi Arabia’s largest listed real estate developer plans to drop a limited number of utility non-fungible tokens (NFTs) for its $1.6 billion project in Oman next month. Unlike the art and collectibles digital asset, utility non-fungible tokens (NFTs) are built to give their holders certain perks, such as exclusive access to events and items or […]

The Armani Hotel in Dubai which markets itself as "Tailored Hospitality"

From Bulgari to Versace: Dubai’s rich splash out on branded homes

The UAE is expected to attract the largest net inflow of high net worth individuals globally in 2022 – and with that comes a growing demand for luxury housing. Catering to this income bracket, the branded residences sector has grown by 230 percent across the world over the past decade. Savills, the real estate services […]

Riyadh-based Dar Al Arkan plans to complete DaVinci Tower in Dubai this year

Dar Al Arkan predicts 20% climb in construction costs

Construction costs in Saudi Arabia are expected to soar by nearly 20 percent and drive down industry margins. Gigaproject developments are at the heart of the kingdom’s economic vision to diversify away from its dependence on hydrocarbons.  Saudi Arabia is currently the largest driver of construction activity in the Middle East region accounting for around […]