Invest in Luxury

Invest in Luxury

Company at a Glance

DarGlobal is a highly differentiated international real estate business. It focuses on developing real estate projects comprising second homes in some of the most desirable locations across the Middle East and Europe, including downtown Dubai and the Costa del Sol region in Southern Spain.
In the near future, the Group also 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. DarGlobal was originally established to develop the real estate assets of Dar Al Arkan Real Estate Development PJSC (‘Dar Al Arkan’), 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. $9 billion. Dar Al Arkan is the major shareholder in DarGlobal.
DarGlobal is different to many other developers for three key reasons:
The Group focuses on luxury second homes, typically in prime locations in the Middle East and Europe, where there is strong and resilient demand from wealthy customers who are less impacted by the macro-economic environment.
It operates a capital light business model with some of its projects based on joint development agreements with landowners, with projects financed mostly through units pre-sold off plan. This enables the Group to accelerate its growth and achieve better returns.
The Group also develops and markets properties in partnership with global luxury brands such as W Residences, Missoni and Pagani. The Company believes that this approach can deliver increased sales volumes at a premium over non-branded properties.
Investment Case
  • DarGlobal is led by a management team with deep knowledge and experience in residential real estate development, including CEO Ziad El Chaar who has over 20 years’ experience with a proved track record at Dar Al Arkan, DAMAC Properties and Emaar Properties.
  • Leadership team is well-equipped to drive the Group forward as it intends to expand its operations further across a number of countries, with a significant potential pipeline of new residential or commercial projects.
  • DarGlobal’s focus is on developing a portfolio of luxury branded second homes in the GCC region which include:
      Urban Oasis consisting of 465 units with 90% pre-sold
    1. Da Vinci Tower consisting of 85 units with 31% pre-sold
    1. W Residence Dubai consisting of 385 units with 98% pre-sold
  • The Company has a further seven additional assets three in Spain and one each in Oman, Qatar, Bosnia and the United Kingdom.
  • Looking ahead, DarGlobal continues its international expansion across Greece, Morocco and the Maldives.
  • DarGlobal launched its first development project in Dubai 2017 and the Company has since expanded its portfolio to ten projects across Dubai, Spain, Oman, Qatar, Bosnia and the United Kingdom.
  • The Company operates a capital light business model with some of its projects based on joint development agreements with landowners, with projects finance mostly through units pre-sold off plan.
  • DarGlobal’s reduction in capital expenditure allows the Group to improve returns and accelerate its growth.
  • The Group’s business model seeks to exploit an opportunity to tap into global wealth super trends and focuses only on second homes typically in prime locations in the Middle East and Europe.
  • Target affluent customers who are able to afford the property without a mortgage.
  • Attract customers who are not only interested in making one purchase from the Group, but may consider purchasing more than one property in different locations for investment purposes or personal use.
  • Branded residences unlock price premiums in what is a competitive market – offering access to a valuable base and helping build brand awareness.
  • The Company believes this approach can deliver increased sales volumes at a premium over non-branded properties.
  • Projects so far have included:
      W Residences, Dubai
    1. Urban Oasis Tower with interior design by Missoni, Dubai
    1. Da Vinci Tower with interior design by Pagani, Dubai
    1. Les Vagues with interior design by Elie Saab, Qatar
    1. Aida with The Trump Organization , Oman
  • DarGlobal targets return on investment per project of over 15% in the GCC region and over 12% in international locations.
  • 14 pipeline assets have each been sourced by DarGlobal’s international network of over 5,000 brokers.
  • Estimated total cost of c. US$3.6 billion of pipeline opportunities under consideration.
  • Over 120 projects have been carefully analysed in the last 24 months to ensure opportunities are carefully selected to achieve attractive risk-adjusted returns.
Investment Case
  • DarGlobal is led by a management team with deep knowledge and experience in residential real estate development, including CEO Ziad El Chaar who has over 20 years’ experience with a proved track record at Dar Al Arkan, DAMAC Properties and Emaar Properties.
  • Leadership team is well-equipped to drive the Group forward as it intends to expand its operations further across a number of countries, with a significant potential pipeline of new residential or commercial projects.
  • DarGlobal’s focus is on developing a portfolio of luxury branded second homes in the GCC region which include:
      Urban Oasis consisting of 465 units with 90% pre-sold
    1. Da Vinci Tower consisting of 85 units with 31% pre-sold
    1. W Residence Dubai consisting of 385 units with 98% pre-sold
  • The Company has a further seven additional assets three in Spain and one each in Oman, Qatar, Bosnia and the United Kingdom.
  • Looking ahead, DarGlobal continues its international expansion across Greece, Morocco and the Maldives.
  • DarGlobal launched its first development project in Dubai 2017 and the Company has since expanded its portfolio to ten projects across Dubai, Spain, Oman, Qatar, Bosnia and the United Kingdom. 
  • The Company operates a capital light business model with some of its projects based on joint development agreements with landowners, with projects finance mostly through units pre-sold off plan.
  • DarGlobal’s reduction in capital expenditure allows the Group to improve returns and accelerate its growth.
  • The Group’s business model seeks to exploit an opportunity to tap into global wealth super trends and focuses only on second homes typically in prime locations in the Middle East and Europe. 
  • Target affluent customers who are able to afford the property without a mortgage.
  • Attract customers who are not only interested in making one purchase from the Group, but may consider purchasing more than one property in different locations for investment purposes or personal use.
  • Branded residences unlock price premiums in what is a competitive market – offering access to a valuable base and helping build brand awareness. 
  • The Company believes this approach can deliver increased sales volumes at a premium over non-branded properties.
  • Projects so far have included:
      W Residences, Dubai
    1. Urban Oasis Tower with interior design by Missoni, Dubai
    1. Da Vinci Tower with interior design by Pagani, Dubai
    1. Les Vagues with interior design by Elie Saab, Qatar
    1. Aida with The Trump Organization , Oman
  • DarGlobal targets return on investment per project of over 15% in the GCC region and over 12% in international locations. 
  • 14 pipeline assets have each been sourced by DarGlobal’s international network of over 5,000 brokers.
  • Estimated total cost of c. US$3.6 billion of pipeline opportunities under consideration.
  • Over 120 projects have been carefully analysed in the last 24 months to ensure opportunities are carefully selected to achieve attractive risk-adjusted returns.

LEADERSHIP TEAM

Ziad El Chaar

Chief Executive Officer

Ziad El Chaar is the Chief Executive Officer of DarGlobal and is responsible for leading all operations and businesses of the Company and its subsidiaries in different countries.

With over 20 years of experience in real estate development and investment, Ziad was previously the CEO for Ventures and Business Development at Emaar Properties and Managing Director at DAMAC Properties.

Ziad holds an MBA from the American University of Beirut.

Bilal Al Matarneh

CEO - Development, Construction and Procurement

Bilal Al Matarneh is the CEO of Development and Construction and Procurement at DarGlobal, leading the technical and project teams across all target markets. 

Prior to joining the Group, Bilal was Executive VP at Damac Properties for over four years, and most recently the CPO at Emaar Properties.

Bilal holds an MSc in Engineering from East State University.

Shivaraman Iyer

Chief Financial Officer
Shivaraman Iyer is Chief Financial Officer of DarGlobal, overseeing financial operational performance, investment strategy, portfolio management and company restructuring. Prior to DarGlobal, Shivaraman was the VP of Finance at Damac and Head of Finance at Aldar. He holds a Bachelor’s degree in Commerce from the University of Mumbai and is a Chartered Accountant.

Redwan Zaouk

Chief Operating Officer - UK

Redwan Zaouk is the COO of DarGlobal and has over 15 years of real estate experience.

Before joining Dar Al Arkan, Redwan held roles as SVP at Damac International and COO of Emaar Middle East. 

Redwan holds a Bachelor’s in Business Administration from the University of Balamand in Lebanon and a graduate degree in international business from McGill University in Canada.

January 2023 – Corporate Overview Of The International Business

Announcement - Approval and Publication of Prospectus

Dar Global PLC - Prospectus - February 2023

Ziad El Chaar

Chief Executive Officer
Ziad El Chaar is the Chief Executive Officer of DarGlobal and is responsible for leading all operations and businesses of the Company and its subsidiaries in different countries. With over 20 years of experience in real estate development and investment, Ziad was previously the CEO for Ventures and Business Development at Emaar Properties and Managing Director at DAMAC Properties. Ziad holds an MBA from the American University of Beirut.

Bilal Al Matarneh

CEO - Development, Construction and Procurement
Bilal Al Matarneh is the CEO of Development and Construction and Procurement at DarGlobal, leading the technical and project teams across all target markets. Prior to joining the Group, Bilal was Executive VP at Damac Properties for over four years, and most recently the CPO at Emaar Properties. Bilal holds an MSc in Engineering from East State University.

Shivaraman Iyer

Chief Financial Officer
Shivaraman Iyer is Chief Financial Officer of DarGlobal, overseeing financial operational performance, investment strategy, portfolio management and company restructuring. Prior to DarGlobal, Shivaraman was the VP of Finance at Damac and Head of Finance at Aldar. He holds a Bachelor’s degree in Commerce from the University of Mumbai and is a Chartered Accountant.

Redwan Zaouk

Chief Operational Officer
Redwan Zaouk is the COO of DarGlobal and has over 15 years of real estate experience. Before joining Dar Al Arkan, Redwan held roles as SVP at Damac International and COO of Emaar Middle East. Redwan holds a Bachelor’s in Business Administration from the University of Balamand in Lebanon and a degree in international Business from McGill University in Canada.

January 2023 – Investors Presentation Corporate Overview of the International Business

Announcement - Approval and Publication of Prospectus

Dar Global PLC - Prospectus - February 2023