Ziad El Chaar serves as the Chief Executive Officer of Dar Global, having joined the company in 2017. With over two decades of real estate development and investment expertise, he spearheads the Group’s global business operations, driving revenue growth and profitability. El Chaar also brings a decade of experience in corporate governance, board management, and regulatory compliance, ensuring the company’s strategic and operational success on a global scale.
Ziad El Chaar’s career is marked by a series of significant achievements. From his role as the CEO of Ventures and Business Development at Emaar Properties and Dar Al Arkan to his positions as the Managing Director and Executive Director on the board of directors of DAMAC Properties, he has consistently delivered results. His academic background, including a Master’s in Business Administration from The American University in Beirut, further reinforces his competence and leadership.
Dar Global PLC is a highly differentiated international real estate business that focuses on some of the most desirable locations across the Gulf Cooperation Council (GCC) and Europe. Their projects, which predominantly cater to internationally mobile customers, are located in downtown Dubai, Muscat in Oman, and the Costa del Sol region in the South of Spain. These locations offer unique investment opportunities in the real estate market.
Dar Global was initially 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. Since 2007, Dar Al Arkan has delivered over 15,000 residential units listed on the Saudi Stock Exchange with total assets of US$8.5 billion.
Shortly, the Group intends to expand its focus to hospitality assets. The aim is to acquire or build hotels and sell them after 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.
The Group recently announced collaborations with The Trump Organization to develop luxurious projects in multiple countries across the GCC. The latest project is the Trump Tower Dubai, featuring a luxury hotel and branded residences. This marks their third collaboration, following a residential tower in Jeddah, Saudi Arabia, and a $200 million Trump-branded project in Oman. These projects are part of Dar Global’s strategy to expand its presence in the Middle East and enhance its portfolio in the luxury real estate sector.