Dar Global profit surges as Saudi property expansion lifts portfolio to $19bn
London-listed developer Dar Global posts sharp rise in revenue and earnings as Saudi expansion drives growth
Dar Global reported a sharp rise in profit and revenue for 2025 as the international luxury real estate developer expanded its project pipeline and entered new markets, including Saudi Arabia.
The company said profit for the year rose to $100.8 million in 2025, up from $14.9 million a year earlier, while revenue more than doubled to $538.6 million from $240.3 million in 2024.
Gross development value of Dar Global’s project portfolio increased to $19 billion as of Dec. 31, 2025, compared with $7.5 billion a year earlier, driven largely by new developments in Saudi Arabia.
EBITDA climbed to $126.6 million from $30.1 million the previous year, while gross profit reached $189.7 million with a margin of 35 per cent.
The company also reported cumulative contracted sales of 3,824 units worth about $3.2 billion as of the end of 2025, up from 2,407 units valued at about $1.7 billion a year earlier.
Dar Global strengthens Saudi expansion
Dar Global, a London-listed developer focused on branded luxury residences and second homes, said the expansion of its project pipeline was supported by strategic land acquisitions and development agreements in Riyadh and Jeddah.
In 2025, the company secured development rights for an integrated project in Riyadh valued at about $2.8 billion and acquired a site in Jeddah for the planned
Trump Plaza development, its second collaboration in the city with The Trump Organization. The group also announced a joint development agreement for a mixed-use project in Jeddah with an estimated gross development value of about $1.95 billion.
Dar Global said it had strengthened its liquidity during the year, with cash balances of $701.5 million including project escrow balances, while total available liquidity stood at about $311.7 million at year’s end.
Chief executive Ziad El Chaar said the results reflected a “defining year” for the company as it expanded its international footprint and doubled the size of its development pipeline.
The developer, which focuses on luxury residential projects across markets including Dubai, Oman, Qatar, Spain and the United Kingdom, said Saudi Arabia would play a central role in its future growth strategy as the kingdom opens its property market to foreign investors.
Dar Global was admitted to the main market of the London Stock Exchange in 2023 and said it intends to expand into financial services through a subsidiary in the Dubai International Financial Centre to offer asset management, investment banking and advisory services.
The company added that it remains focused on delivering projects under construction and expanding selectively while maintaining a capital-light development model.