Dar Global, the London-listed luxury international real estate developer, has reported a strong financial performance for the six months ended 30 June 2026.
The company posted a 66% revenue increase to US$258.0 million, compared to US$155.4 million in the same period last year.
Growth was driven by the group’s projects and sustained demand across its diversified portfolio spanning the GCC, Europe, and the UK.
Gross profit rose 85% to US$87.7 million, with margins expanding to 34% from 31% in the prior comparable period.
EBITDA climbed 73% to US$46.3 million, while net profit surged 149% to US$30.4 million, up from US$12.2 million in HY 2025.
Performance was anchored by revenue recognition from landmark developments, including The Astera, Interiors by Aston Martin and Neptune, Interiors by Mouawad.
Gross Development Value nearly doubled year-on-year to US$23.0 billion, with cumulative contracted sales rising to US$3.9 billion across 4,380 units.
The group maintained a Net Asset Value of US$613.3 million and total cash balances of US$847.9 million, including US$231.6 million in free cash.
Total available liquidity stood at US$579.3 million, underscoring the strength of Dar Global’s balance sheet heading into the second half of the year.
In Saudi Arabia, the group partnered with The Trump Organization in January to launch Rayana, a 2.6 million square metre gated community in Diriyah featuring luxury mansions and a championship golf course.
The group awarded a SAR 338 million infrastructure contract to Compass and Bin Omairah Company and unveiled Trump Plaza Jeddah, which carries a GDV of US$383.6 million.
The adjacent Padel Living Residences within the Amaya masterplan were also revealed, carrying a GDV of US$142 million.
In April, Dar Global closed a US$250 million syndicated term loan facility, strengthening its financial flexibility for ongoing and future projects.
Following the reporting period, Gulf Asia Contracting was appointed to execute podium construction for the 80-storey, approximately 350-metre Trump International Hotel and Tower on Dubai’s Sheikh Zayed Road.
Chief Executive Ziad El Chaar said: “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.”
