Riyadh – September 30, 2026 -- Dar Global, the London-listed luxury developer, posted a 66% revenue increase to US$258.0 million for the six months ended June 30, 2026, up from US$155.4 million in HY 2025.
Net profit more than doubles as margins widen across the portfolio
Gross profit climbed 85% to US$87.7 million, lifting margins to 34% from 31% a year earlier. EBITDA rose 73% to US$46.3 million, while net profit surged 149% to US$30.4 million from US$12.2 million, driven by revenue recognition on The Astera, Interiors by Aston Martin, and Neptune, Interiors by Mouawad.
Portfolio GDV nearly doubles to US$23.0 billion on new project launches
Gross Development Value climbed to US$23.0 billion, nearly double the prior-year figure, while cumulative contracted sales reached US$3.9 billion across 4,380 units. The company reported a Net Asset Value of US$613.3 million, total cash of US$847.9 million including US$231.6 million in free cash, and total available liquidity of US$579.3 million.
Trump Organization partnership fuels Saudi and Dubai expansion
In January, Dar Global partnered with The Trump Organization to launch Rayana, a 2.6 million sq. m gated community in Diriyah featuring luxury mansions and a championship golf course. The company subsequently awarded a SAR 338 million (approximately US$90 million) infrastructure contract to Compass and Bin Omairah Company for the project. Dar Global also unveiled Trump Plaza Jeddah, with a GDV of US$383.6 million, and the adjacent Padel Living Residences, valued at US$142 million, within its Amaya masterplan.
Company secures $250 million loan and advances Dubai tower construction
Dar Global closed a US$250 million syndicated term loan facility in April. In August, following the reporting period, the company appointed Gulf Asia Contracting to execute podium construction for the Trump International Hotel & Tower on Dubai's Sheikh Zayed Road, an 80-storey structure standing approximately 350 metres tall.
Chief Executive Ziad El Chaar said the company delivered a resilient performance through uncertain regional conditions, supported by the quality of its international portfolio, and remains focused on growing GDV across existing and new markets while maintaining disciplined capital management.