Dar Global, the London-listed luxury international real estate developer, is excited to announce the awarding of the main works construction contract for the villas in the first phase of AIDA, a landmark urban development in Oman. This milestone underscores Dar Global's vision to create a world-class real estate marvel in Oman, working with best-in-class partners to deliver unmatched luxury and value.

AIDA, a joint venture with Omran Group, Oman's primary organisation for tourism development, integrates luxury golf, residential, and hospitality components. Set for Phase 1 completion in 2027, AIDA is strategically located by the sea and 130 metres above sea level, offering unparalleled sea views and residences that harmonise with the cliffside environment.

The main works construction contract for Phase 1 villas has been awarded to Towell Construction & Co. L.L.C., with a contract value of OMR 14,242,810. Towell Construction will oversee the construction of the townhouses and villas, ensuring meticulous attention to detail and adherence to optimal quality standards.

Ziad El Chaar, CEO of Dar Global, commented: "The villas will epitomize luxury and exclusivity, featuring modern designs and premium finishes that seamlessly complement AIDA’s unique natural surroundings and topography. This contract marks a major leap forward in our mission to provide a world-class living experience in AIDA, reflecting our steadfast commitment to enhancing Oman’s residential offerings and strengthening our portfolio of luxury developments in key global locations."

Spanning 5 million square meters and situated just 10 minutes from Downtown Muscat, AIDA aims to redefine standards in architectural excellence, environmental sustainability, and bespoke living. Featuring opulent mansions, limited-edition villas, and sophisticated apartments, the project will elevate Oman’s global standing as a premier tourist, residential, and investment destination.

Residents and visitors of AIDA will enjoy exclusive amenities, including immersive experiences, enchanting residences, hospitality offerings, recreational facilities, spectacular outdoor landscapes, and exquisite dining options. Additionally, in collaboration with the Trump Organization, AIDA will boast a luxury Trump Golf Course, further enhancing its allure as a world-class destination.

To register your interest in AIDA, visit: https://darglobal.co.uk/aida

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 Gulf Cooperation Council (GCC) and Europe, including downtown Dubai, Muscat in Oman, and the Costa del Sol region in the South of 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 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

For media enquiries, please contact:
Burson
Mai Elsayed | Reem AlTajer
Mai.Elsayed@bcw-global.com | reem.tajer@bcw-global.com