Dar Global Increases Saudi Real Estate Stakes with $390 Million Land Acquisitions
Deal News | Mar 18, 2025 | Zawya
Real estate developer Dar Global, listed on the London Stock Exchange, significantly boosts its investments in Saudi Arabia by acquiring land worth $390 million in key locations such as Jeddah and Riyadh. These acquisitions consist of 243 fully developed plots in Jeddah for $93 million and 190 prime plots in Riyadh for $297 million. This strategic expansion follows the launch of the $530 million Trump Tower Jeddah, continuing Dar Global's collaboration with The Trump Organization. Marking a substantial footprint in the region, Dar Global has increased its Saudi investments to $760 million, including a project named Neptune by Mouawad. Rothschild & Co, a prominent global financial advisor, facilitated these acquisitions. The company's endeavors reveal a robust commitment to the kingdom’s growing real estate sector.
Sectors
- Real Estate
- Financial Advisory
Geography
- Saudi Arabia – The location where Dar Global is making significant investments in real estate.
- United Kingdom – Dar Global is listed on the London Stock Exchange, linking it to the UK.
- United States – The Trump Organization, involved in collaboration with Dar Global, is based in the US.
Industry
- Real Estate – The industry is focused on the acquisition and development of property. Dar Global is a real estate developer making significant land acquisitions.
- Financial Advisory – Companies providing financial advisory services play a critical role in facilitating transactions. Rothschild & Co is acting as the financial advisor in this deal.
Financials
- $93 million – The cost of acquiring 243 fully developed plots in Jeddah.
- $297 million – The cost of acquiring 190 prime plots in Riyadh.
- $390 million – The total value of land acquisitions made by Dar Global in Saudi Arabia.
- $530 million – The investment in the Trump Tower Jeddah project.
- $760 million – Total investments closed by Dar Global in Saudi Arabia by 2024.
- $230 million – The investment in the Neptune by Mouawad villa project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dar Global | Buyer | Company | A real estate developer ramping up investments in Saudi Arabia, listed on the London Stock Exchange. |
| Dar Al Arkan Real Estate Development | Parent Company | Company | The Saudi-listed parent company of Dar Global, one of the biggest real estate developers in Saudi Arabia. |
| The Trump Organization | Collaborator | Company | A conglomerate firm privately owned by US President Donald Trump, collaborating with Dar Global on the Trump Tower Jeddah project. |
| Rothschild & Co | Financial Advisor | Company | Serving as the financial adviser on the recent acquisitions by Dar Global. |