Latest news with #ZiadElChaar
The National
3 days ago
- Business
- The National
Developer expects $1bn Trump Tower in Dubai to sell out by end of summer
All units at Dubai's Trump International Hotel and Tower are expected to be sold by the end of summer amid high demand from buyers, the developer has said. The $1 billion development was launched in April by Dar Global, the international property arm of Saudi Arabia's Dar Al Arkan, in partnership with the Trump Organisation, the sprawling conglomerate of the family of US President Donald Trump. The project, which is being built near Downtown Dubai on Sheikh Zayed Road, is expected to be completed in five years. The development features more than 500 homes, with two penthouses costing Dh75 million ($20.4 million) each and three to four-bedroom apartments priced between Dh4 million and Dh5 million. It also has a Trump-branded hotel and a clubhouse. 'Sales have been strong, [there has been] very good reception for the brand, for the mix and the location,' Ziad El Chaar, Dar Global's chief executive, told The National in an interview. He did not say how many units have been sold so far. 'We have approximately 40 nationalities who are investing in the project including people from India, Pakistan, the UK, some investors from Arab countries such as Saudi Arabia, Lebanon, Iraq, Kuwait, Oman and from Eastern Europe, Turkey, Romania and Russia," he added. Dubai's residential sector continues to perform strongly, with the emirate recording 17,504 transactions in May, a 15.1 per cent month-on-month increase, while total sales value for the month surged to Dh54.48 billion, up 18 per cent on the previous month, according to Betterhomes. Average price per square foot also climbed 4.5 per cent on a monthly basis to Dh1,808 in May, data shows. Strong economic growth combined with government measures such as residency permits for retired and remote workers, and an expansion of 10-year golden visa programme has helped boost the property market in the emirate. "Prices are going up because there are a lot of clear fundamentals in the market," Mr El Chaar said. "You have economic demand, you have economic attraction. You have a lot of facilitation on golden visas. These days, you have a big increase in traffic at the airport, which means people are not just speculating online, they are here, they are in the market. "At the same time, we have a lot of people who are flying from high tax areas, coming to domicile in the UAE, plus you also have new activities happening that are bringing more people to the country, especially with the gaming [resort] opening in Ras Al Khaimah." Partnership with Trump Organisation to continue Dar Global, with a property portfolio worth $10 billion in the UAE, Oman, Saudi Arabia, the UK and Spain, plans to continue building new projects in partnership with the Trump Organisation, which is managed by Mr Trump's sons, Donald Jr and Eric Trump. 'We have announced seven projects in two years [with the Trump Organisation] and this successful collaboration will continue,' Mr El Chaar said. Dar Global is currently building two new projects in Oman, a hotel and a residential development, as well as a Trump tower in Jeddah, the Trump International Hotel and Tower in Dubai and a new project in Doha that was unveiled last month. The company has also committed to building two new residential projects in Riyadh with the Trump Organisation and is expected to finalise another in the Saudi capital by the end of the year. Abu Dhabi expansion Dar Global is "aggressively pursuing" entering the Abu Dhabi market. "We are in continuous discussions with a lot of parties in Abu Dhabi to find the right project," Mr El Chaar said. "We are very much interested to launch in Abu Dhabi because we believe the market has now enough attractants to bring in the investors from outside, and some within Abu Dhabi, and we would like to put our flag in the market."
Al Arabiya
10-06-2025
- Business
- Al Arabiya
Saudi housing minister on sustainable growth and DarGlobal CEO on HNWI investor demands
In this episode of The Riyal Deal, Tom Burges Watson speaks exclusively with the CEO of DarGlobal, Ziad El Chaar on how the international arm of the Saudi company Dar Al Arkan is finding a growing demand for luxury housing at home in Saudi Arabia, how the Kingdom is attracting a growing number of high net worth individuals, and the appeal of the Trump brand. Separately, the Saudi Housing Minister Majid Al-Hogail tells Al Arabiya English the plans in place to sustainably grow the sector and attract investments. Ali Raza, Strategic Advisor to the Saudi Arabia Holding Company provides an overview of the sector and its potential in the long term. Guests:
Gulf Business
19-05-2025
- Business
- Gulf Business
Ziad El Chaar on Trump Towers, tokenisation, and Dar Global's vision for real estate
Image: Supplied From the recent launch of the Trump Tower Dubai in partnership with the Trump Organization to exploring tokenised real estate and branded luxury developments from Muscat to Madrid, CEO Ziad El Chaar explains to Gulf Business editor, Neesha Salian, how Dar Global — the international arm of Dar Al Arkan — is redefining the global real estate landscape. With a focus on investor-first focus, ESG principles, and brand-driven development, the conversation offers insight into the company's global footprint and the leadership mindset shaping its operations and future. This is an exciting time, especially with the project involving the Trump Organization. What has driven the strategy behind this partnership and your broader regional expansion? We started When we went public in 2023 on the London Stock Exchange, we committed to becoming one of the world's top 50 global real estate developers. That goal requires pushing our annual revenue close to $3bn. So, we built the team, launched branches, and initiated developments across key cities. Now it's time to amplify results. We've been partnering with globally respected brands to maximise returns for our shareholders and real estate investors. The Trump brand, in particular, has strong global recognition and premium appeal. I helped introduce the Trump brand to Dubai 10 years ago with a golf community that became one of the city's best. We launched in Muscat with Trump-branded residences, attracting investors from over 50 nationalities. In Jeddah, we created a 47-storey premium tower with a Trump members-only club — another project that has drawn global attention, especially with Saudi Arabia's new foreign investment laws that only came into effect last year. The brand brings luxury, exclusivity, hospitality, and international reach. Read: Dubai's real estate market is famously competitive. How do you see the Trump Tower project standing out among other iconic developments? In real estate, the key element is always location. We chose a prime spot on Sheikh Zayed Road, right at the entrance of Downtown Dubai. This gives residents access to all the amenities of Downtown — without the traffic. The views are stunning — Burj Khalifa on one side, and the sea, Jumeirah Bay, and La Mer on the other. Beyond location, we're adding value through hospitality. We've been investing heavily to bring the Trump Hotel brand to Dubai. We're also introducing the Trump Members Club, and residences that come with access to what will be the world's highest outdoor swimming pool. When you combine all of that with Dar Al Arkan's 31-year track record, you have a truly compelling offer. Our promise is to consistently outperform the market — not with hype, but with delivery and design that attract strong returns. Let's talk about technology and sustainability. Where does Dar Global stand on tokenisation and ESG? Tokenisation is very close to my heart. I tried to initiate a real estate tokenisation project in Dubai back in 2018 and even published a white paper on the topic. Dubai, with its investor diversity, is ideal for tokenisation. But it's not just about creating tokens —you also need liquidity. If there's no exchange to trade tokens, the system is half-cooked. We need a Dubai Security Tokens Exchange, like the Dubai Financial Market, where real estate tokens can be traded. On sustainability, we take ESG seriously. Being listed in London means we comply with strict FCA guidelines. We try to go beyond local market standards and lead in ESG delivery. In addition to the Trump brand, you've partnered with several others. What drives your strategy in branded residences? We currently have 14 branded residence partnerships. Our strategy is investor-focused. We develop only in international cities with demand from multiple nationalities. Branded residences offer high desirability and limited supply, making them stable, high-yield products. These global names help us offer something unique in each city. When you add a respected brand to a luxury location, you create a product that's both exclusive and consistently in demand. How are your international markets progressing, particularly Spain, Oman, the US, among others? Our strategy is to develop in cities with broad, international demand. Many of our investors buy in multiple global locations — so in a way, we're helping them complete their collections. We're already active in Doha, Moscow, Dubai, Muscat, Riyadh, Jeddah, Central London, southern Spain, and soon, Athens. We're also exploring collaborations in parts of the US. that are internationally active. For now, we're focusing on deepening our presence in these existing cities. Opening a new development setup is costly, so our priority is to grow where we've already established a footprint. What leadership principles have guided you and your company to this level of success? It's all about focus. We don't do everything. We chose a path — luxury real estate in international cities — and we've stayed true to it. Every project we pursue is evaluated through one lens: is this good for our investors and shareholders? Can our team deliver it without being stretched? We don't build because we like an idea; we build only if it serves all our stakeholders. What advice would you give to other real estate leaders navigating today's volatile global market? Focus on scarcity. In real estate, it's all about supply and demand. Don't be the 700th tower in the suburbs with generic views. Those products perform only when the market is booming. Instead, offer something unique: a one-of-a-kind product, a top-tier location, or cost leadership — though the latter is the hardest because you can't control material costs. If you're not unique or cost-efficient, don't enter this business. You are a busy CEO. How do you find a work-life balance? I was taught by my late parents that you give everything to your work and livelihood — and whatever time is left, you live your life. This idea of working six hours a day and prioritising weekends doesn't hold in our world. If a client wants to meet on a Saturday, you show up in a suit. That's what I teach my daughter too. Hard work, loyalty, and contribution to your institution's success should the core values driving you. Any parting thoughts? My first interaction with Dubai's real estate scene was at Cityscape 2012 in the World Trade Center. It's amazing to see how far we've all come in just 20 years.
Korea Herald
14-05-2025
- Business
- Korea Herald
DAR GLOBAL AND THE TRUMP ORGANIZATION'S NEW DUBAI ICON, TRUMP INTERNATIONAL HOTEL & TOWER, DUBAI — HOME TO THE WORLD'S HIGHEST OUTDOOR POOL — ATTRACTS GLOBAL INVESTORS
DUBAI, UAE, May 14, 2025 /PRNewswire/ -- Dar Global, the London-listed luxury real estate developer, and The Trump Organization have confirmed unprecedented global interest in the Middle East's first and only Trump International Hotel & Tower, Dubai, reinforcing the confidence of investors and buyers in the region's long-term growth potential. The recently launched landmark project, set along Sheikh Zayed road at the entrance of Downtown Dubai with exclusive views to Burj Khalifa and the sea, represents the fifth collaboration between Dar Global and the Trump Organization. This new icon builds on the success of developments such as Trump Tower Jeddah in Saudi Arabia and Trump International Golf Club and Hotel in AIDA, Oman's most luxurious beach master community. Trump International Hotel & Tower, Dubai blends world-class hospitality with exclusive residential offerings. Occupying 80 floors at 350m, Trump International Hotel & Tower, Dubai presents lavish hospitality offerings comprising exquisite rooms and suites, private lounges, personalized service, and world-class amenities for guests. Adding to its allure, The Trump - a private, members-only club, offers unmatched exclusivity and experience for select members. With sweeping views of the Burj Khalifa, the property will feature an exclusive resort-style pool dedicated to residents only. Furthermore, residents and guests will enjoy access to the highest outdoor pool in the world with breathtaking panoramic views. Crowning the Tower, two distinctive penthouses with sky pools epitomize the best of design elegance and exclusivity, setting a new benchmark for luxury living in Dubai. Inspired by the legendary Trump Tower Penthouse on New York's 5th Avenue, these breathtaking duplexes boast floor-to-ceiling windows that capture sweeping views of the Dubai skyline. Eric Trump, Executive Vice President of The Trump Organization, said: "The overwhelming response to Trump International Hotel & Tower, Dubai is a testament to our unwavering commitment to excellence, luxury and innovation. Our collaboration with Dar Global on this landmark development brings unparalleled quality and world-class amenities to Dubai's luxury market." Ziad El Chaar, CEO of Dar Global, added: "Dubai's vibrant economy and strategic location make it a prime destination for global investment, and Dar Global recognizes this potential. The Trump International Hotel & Tower, developed alongside the Trump Organization, is perfectly positioned to capitalize on this growth, offering investors a unique opportunity to participate in Dubai's success story."
Yahoo
14-05-2025
- Business
- Yahoo
DAR GLOBAL AND THE TRUMP ORGANIZATION'S NEW DUBAI ICON, TRUMP INTERNATIONAL HOTEL & TOWER, DUBAI -- HOME TO THE WORLD'S HIGHEST OUTDOOR POOL -- ATTRACTS GLOBAL INVESTORS
DUBAI, UAE, May 14, 2025 /CNW/ -- Dar Global, the London-listed luxury real estate developer, and The Trump Organization have confirmed unprecedented global interest in the Middle East's first and only Trump International Hotel & Tower, Dubai, reinforcing the confidence of investors and buyers in the region's long-term growth potential. The recently launched landmark project, set along Sheikh Zayed road at the entrance of Downtown Dubai with exclusive views to Burj Khalifa and the sea, represents the fifth collaboration between Dar Global and the Trump Organization. This new icon builds on the success of developments such as Trump Tower Jeddah in Saudi Arabia and Trump International Golf Club and Hotel in AIDA, Oman's most luxurious beach master community. Trump International Hotel & Tower, Dubai blends world-class hospitality with exclusive residential offerings. Occupying 80 floors at 350m, Trump International Hotel & Tower, Dubai presents lavish hospitality offerings comprising exquisite rooms and suites, private lounges, personalized service, and world-class amenities for guests. Adding to its allure, The Trump -a private, members-only club, offers unmatched exclusivity and experience for select members. With sweeping views of the Burj Khalifa, the property will feature an exclusive resort-style pool dedicated to residents only. Furthermore, residents and guests will enjoy access to the highest outdoor pool in the world with breathtaking panoramic views. Crowning the Tower, two distinctive penthouses with sky pools epitomize the best of design elegance and exclusivity, setting a new benchmark for luxury living in Dubai. Inspired by the legendary Trump Tower Penthouse on New York's 5th Avenue, these breathtaking duplexes boast floor-to-ceiling windows that capture sweeping views of the Dubai skyline. Eric Trump, Executive Vice President of The Trump Organization, said: "The overwhelming response to Trump International Hotel & Tower, Dubai is a testament to our unwavering commitment to excellence, luxury and innovation. Our collaboration with Dar Global on this landmark development brings unparalleled quality and world-class amenities to Dubai's luxury market." Ziad El Chaar, CEO of Dar Global, added: "Dubai's vibrant economy and strategic location make it a prime destination for global investment, and Dar Global recognizes this potential. The Trump International Hotel & Tower, developed alongside the Trump Organization, is perfectly positioned to capitalize on this growth, offering investors a unique opportunity to participate in Dubai's success story." Photo: View original content to download multimedia: SOURCE Dar Global View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
