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Dar Global, the luxury real estate developer, has kicked off work on the first phase of AIDA, a gated community and golfing destination coming up on a 3.5-million-sq-m area in Oman, featuring a mix of mansions, villas as well as premium apartments.
Saudi developer Dar Al Arkan has unveiled its high-end development, DaVinci Residential, in Dubai being set up in partnership with Italian Hypercar maker Pagani Automobili. The AED800 million ($218 million) tower boasts a mix of one-, to three-bed units.
Dar Global, the real estate arm of Saudi-based Dar Al Arkan, has launched its new villa project, Tierra Viva, being developed within the gated community of Los Jararillos in the Spanish town of Benahavis, at an investment of €282 million ($308 million).
Details of the former president’s agreement to work with a Saudi firm to develop a hotel and golf complex overlooking the Gulf of Oman highlight the ways his business and political roles intersect.
Major Indian construction conglomerate Shapoorji Pallonji has secured a fit-out works contract from leading developer Dar Global for its AED800 million ($218 million) Da Vinci Tower at Business Bay, Dubai featuring 80 apartments and other key amenities.