Dar Global PLC DAR GLOBAL LAUNCHES USD 2.4 BN DEVELOPMENT IN OMAN
28 Marzo 2023 - 8:00AM
RNS Non-Regulatory
TIDMDAR
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 , to register interest
in this exciting project.
For further enquiries, please contact:
Dar Global
Abhilash Paul, Director Investor Relations apaul@darglobal.co.uk
ir@darglobal.co.uk
Powerscourt +44 (0) 20 7250 1446
Justin Griffiths / Nick Dibden / Louisa darglobal@powerscourt-group.com
Henry
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
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