Key Takeaways
- • Dar Global is considering launching a real estate fund focused on Dubai, to be run by its DIFC-based alternative asset management unit Dar Global Capital Partners (DGCP), according to a company statement.
- • The fund would deploy capital across international real estate markets including the GCC, Europe, the UK and the US, with a strategy built on redevelopment and operational improvements to raise asset values.
- • No financial details, including target size or fund terms, have been disclosed.
- • Dar Global reported first-half 2026 revenue of $258 million, up 66% year on year, and gross profit of $88 million, up 85%.
- • The fund plan comes as Dubai property sales fell sharply: about 37,400 transactions in Q3, down more than a third, with total value nearly halving to AED93 billion per Dubai Land Department data.
Summary
London-listed Dar Global is considering launching a real estate fund focused on Dubai as part of its broader strategy to deploy capital across international property markets. According to the developer's statement, the vehicle would be explored by Dar Global Capital Partners (DGCP), an alternative asset management unit based in the Dubai International Financial Centre (DIFC), which plans "high-conviction" investments in the emirate.
Chairman of DGCP and CEO of Dar Global Ziad El Chaar said: "While we pursue acquisitions across leading global gateway cities, Dubai's exceptional fundamentals offer strong potential for targeted capital deployment." The fund would invest across the GCC, Europe, the UK and the US, with the company targeting assets where value can be increased through redevelopment and operational improvements. No financial details of the fund, including size, have been shared.
The initiative follows Dar Global's August 2025 announcement of a plan to acquire a DIFC-licensed financial services company to support its growth strategy. AGBI has also reported earlier this month that Dar Global borrowed millions of dollars from its Saudi parent, Dar Al Arkan, this year and was prepared to buy distressed assets in prime central London, including Mayfair, Belgravia and Knightsbridge.
The company's financial performance has been strong. Dar Global reported a 66% year-on-year revenue increase to $258 million in the first half of 2026, driven by sustained demand across its portfolio in the GCC, Europe and the UK, while gross profit rose 85% to $88 million. Its global portfolio stands at $23 billion in gross development value, including nine UAE projects such as the Trump International Hotel & Tower Dubai, according to the company website.
The fund proposal contrasts with market conditions in Dubai. According to Dubai Land Department data, the emirate recorded about 37,400 property sales in the third quarter, down more than a third from a year earlier, while their total value almost halved to AED93 billion.
Chairman of DGCP and CEO of Dar Global Ziad El Chaar said: "While we pursue acquisitions across leading global gateway cities, Dubai's exceptional fundamentals offer strong potential for targeted capital deployment." The fund would invest across the GCC, Europe, the UK and the US, with the company targeting assets where value can be increased through redevelopment and operational improvements. No financial details of the fund, including size, have been shared.
The initiative follows Dar Global's August 2025 announcement of a plan to acquire a DIFC-licensed financial services company to support its growth strategy. AGBI has also reported earlier this month that Dar Global borrowed millions of dollars from its Saudi parent, Dar Al Arkan, this year and was prepared to buy distressed assets in prime central London, including Mayfair, Belgravia and Knightsbridge.
The company's financial performance has been strong. Dar Global reported a 66% year-on-year revenue increase to $258 million in the first half of 2026, driven by sustained demand across its portfolio in the GCC, Europe and the UK, while gross profit rose 85% to $88 million. Its global portfolio stands at $23 billion in gross development value, including nine UAE projects such as the Trump International Hotel & Tower Dubai, according to the company website.
The fund proposal contrasts with market conditions in Dubai. According to Dubai Land Department data, the emirate recorded about 37,400 property sales in the third quarter, down more than a third from a year earlier, while their total value almost halved to AED93 billion.
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