RCS - Dar Global PLC - DAR GLOBAL LAUNCHES USD 2.4 BN DEVELOPMENT IN OMAN

Dar GlobalAnnouncement

28/03/2023 07:15

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RNS Number : 3821U  Dar Global PLC  28 March 2023

 

28 March 2023

 

Dar Global PLC

 

("Dar Global" or "the Group")

 

DAR GLOBAL LAUNCHES USD 2.4 BILLION DEVELOPMENT IN MUSCAT, OMAN

 

ONE-OF-A-KIND MIXED-USE COMMUNITY WITH LUXURY GOLF RESIDENTIAL

AND HOSPITALITY EXPERIENCES

 

Dar Global, the luxury international real estate developer, is pleased to
announce the launch of sales for AIDA, a unique mixed-use gated community
located in Muscat, Oman. AIDA features a Trump golf course and offers the
ultimate luxury golf, residential, and hospitality experiences.

 

AIDA is a joint development project between Dar Global and OMRAN Group, Oman's
leading tourism development company. The project spans over 3.4 million square
meters and is located in the heart of Muscat, overlooking the Sea of Oman. The
project's gross development value is USD 2.4 billion, with phased construction
taking place over ten years.

 

The community will feature residential units, including luxury villas,
apartments, an exclusive hotel and serviced apartments. AIDA also incorporates
an array of amenities, including a world-class luxury golf club, restaurants,
retail outlets, and a fitness centre.

 

Commenting on the launch, Ziad El Chaar, CEO of Dar Global, said: "We are
delighted to launch sales for AIDA, which is set to become a landmark
development in Oman. AIDA offers unparalleled luxury living and exceptional
golfing experiences, and we are confident that it will attract investors and
homebuyers worldwide."

 

Sales for AIDA are now open, and interested parties can visit the Dar Global
website, www.darglobal.co.uk (http://www.darglobal.co.uk) , to register
interest in this exciting project.

 

 

For further enquiries, please contact:

 

 Dar Global
 Abhilash Paul, Director Investor Relations     apaul@darglobal.co.uk (mailto:apaul@darglobal.co.uk)

                                                ir@darglobal.co.uk (mailto:ir@darglobal.co.uk)

 Powerscourt                                    +44 (0) 20 7250 1446
 Justin Griffiths / Nick Dibden / Louisa Henry  darglobal@powerscourt-group.com (mailto:darglobal@powerscourt-group.com)

 

 

About Dar Global

 

Dar Global PLC is a highly differentiated international real estate business.
It focuses predominantly on developing real estate projects comprising second
homes for internationally mobile customers, in some of the most desirable
locations across the Middle East and Europe, including downtown Dubai, Muscat
in Oman and the Costa del Sol region in Southern Spain.

Dar Global was originally established to house and develop the international
(non-Kingdom of Saudi Arabia based) assets of Dar Al Arkan Real Estate
Development PJSC ("DAARE"), a leading real estate developer in the Kingdom of
Saudi Arabia. Listed on the Saudi Stock Exchange since 2007, Dar Al Arkan has
delivered over 15,000 residential units with total assets of c. US$8.5
billion.

In the near future, the Group intends to expand its focus to hospitality
assets. The aim is to acquire or build hotels and sell them after a period of
three to five years of operation once the hotels or resorts' revenue streams
stabilise. Target markets include Southern Spain, Dubai, Maldives, Athens,
Marrakesh and London.

Dar Global was admitted to the Main Market of the London Stock Exchange on 28
February 2023.

 

Please visit www.DarGlobal.co.uk (http://www.DarGlobal.co.uk)

 

 

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