Dar Global, a luxury international real estate developer, is strengthening its relationship with the Trump Organisation. They have announced a new project in Jeddah, Saudi Arabia. This collaboration follows the success of the Trump International Oman project within the AIDA development. The Oman project has already received significant acclaim for its premium mixed-use real estate offerings.
EXPANDING LUXURY REAL ESTATE IN SAUDI ARABIA
This new development targets the luxury market in Saudi Arabia. It also aims to attract international investors. This project marks Dar Global's debut in Jeddah. The company sees this as a significant step in its growth strategy, focusing on key cities in the Kingdom. As the international arm of Dar Al Arkan, a Saudi mega-developer, Dar Global plans to enhance its real estate offerings in the country. Dar Global, listed on the London Stock Exchange, currently has $5.9 billion worth of projects under development in six countries. These include projects in the UAE, Oman, Qatar, the UK, Spain, and Bosnia.
STATEMENTS FROM LEADERSHIP
Ziad El Chaar, CEO of Dar Global, expressed excitement about the new project. "We are delighted to strengthen our ongoing relationship with the Trump Organisation and expand our portfolio by delivering premium properties", he said. The new agreement in Saudi Arabia will leverage the strengths of both organizations. This in turn will attract more international investors and vacationers. So, El Char views the collaboration as benefiting Dar Global’s expansion and improving luxury living standards in the MENA region.
Eric Trump, Executive Vice President of the Trump Organisation, also shared his enthusiasm. "We are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global", he said. Trump further emphasised how the collaboration expresses a shared vision for standout developments. In particular, they are creating luxury developments stressing both quality and sophistication. So as Trump also put it, "Together with Dar Global, we are setting new benchmarks for excellence, aiming to meet the demand for iconic properties in key markets."
FOCUS ON LUXURY AND QUALITY IN JEDDAH
The new Trump Tower Jeddah project will cater to high-end clients and investors. This project will feature luxurious amenities and high-quality construction. In doing so, it maintains the well-recognised high standards of both companies. They aim to create a landmark development that attracts international and local investors looking for premium properties in Jeddah.
AN IMPORTANT ADDITION TO JEDDAH'S SKYLINE
The partnership between Dar Global and the Trump Organisation continues to grow stronger. The new Trump Tower Jeddah project will further enhance its presence in the luxury real estate market in Saudi Arabia. With both companies' commitment to quality and luxury, this project is set to become a significant addition to Jeddah's skyline.
