Dar Global reported first-half 2026 revenue of $258 million, up 66% from $155.4 million a year earlier, as the luxury real estate developer continued expanding its portfolio across the Gulf region, Europe, and the UK.
Gross profit rose 85% to $87.7 million, and gross margin improved to 34% from 31%.
EBITDA rose 73% to $46.3 million, while net profit increased 149% to $30.4 million from $12.2 million in the first half of 2025.
Revenue recognition during the period was supported by developments including The Astera, Interiors by Aston Martin and Neptune, Interiors by Mouawad.
Dar Global’s portfolio gross development value nearly doubled year-over-year to $23 billion.
Cumulative contracted sales reached $3.9 billion across 4,380 units.
The company reported net asset value of $613.3 million and total cash balances of $847.9 million, including $231.6 million of free cash.
Total available liquidity stood at $579.3 million.
Dar Global continued expanding its Saudi Arabian portfolio during the period. In January, the company partnered with The Trump Organization to launch Rayana, a 2.6 million-square-meter gated community in Diriyah featuring luxury residences and a championship golf course.
The company later awarded a SAR338 million, or approximately $90 million, infrastructure contract for the project to Compass and Bin Omairah Company.
Dar Global also unveiled Trump Plaza Jeddah, with a gross development value of $383.6 million, along with the neighboring Padel Living Residences, with a GDV of approximately $142 million.
The developments form part of the Amaya masterplan.
In April, Dar Global closed a $250 million syndicated term loan facility to support its continued expansion.
Following the first-half period, the company appointed Gulf Asia Contracting to carry out podium construction for the Trump International Hotel & Tower in Dubai.
The planned development on Sheikh Zayed Road is expected to reach approximately 350 meters and 80 stories.
KEY QUOTES:
“We have delivered a resilient performance through uncertain times in the region, supported by the quality of our international portfolio. Buyer demand across our markets remained robust. Looking ahead, we remain focused on growing our GDV across both existing and new growth markets, while maintaining a disciplined focus on execution and delivery. With a strong balance sheet, disciplined capital management and a healthy project pipeline, Dar Global is well positioned to continue creating long-term value for its stakeholders.”
Ziad El Chaar, Chief Executive of Dar Global
