Prime Highlights:
- Dar Global unveils $1 billion Trump Plaza Jeddah, its second collaboration with The Trump Organization.
- The project will feature luxury residences, serviced apartments, office spaces, and exclusive townhouses, aiming to transform Jeddah’s skyline.
Key Facts:
- Saudi Arabia invested SR4.9 trillion ($1.3 trillion) in infrastructure by 2024, supporting housing, commercial, and hospitality growth.
- Plans include over a million new residential units and seven million square meters of retail and office space under Vision 2030.
Key Background:
Saudi Arabia’s real estate market is getting a major boost as Dar Global, a top Saudi developer, announces plans for the $1 billion Trump Plaza Jeddah. This is the company’s second project with The Trump Organization, after Trump Tower Jeddah launched in December.
The new mixed-use project will change Jeddah’s skyline and include luxury residences, serviced apartments, high-quality office spaces, and exclusive townhouses. Located on King Abdulaziz Road, it aims to create a modern community that combines living, working, and leisure spaces.
Dar Global CEO Ziad El Chaar called the project “one of the most ambitious developments Dar Global has done so far.” He said it will combine a Central Park-inspired landscape with city living, creating a vibrant environment that reflects both Manhattan’s energy and Jeddah’s importance as a cultural and business hub.
Eric Trump, executive vice president of The Trump Organization, said the project shows their commitment to excellence by bringing together top-quality hospitality, modern homes, and business spaces. He said the partnership with Dar Global shows that international developers are becoming more interested in Saudi Arabia’s luxury real estate market.
Jeddah, a key commercial and cultural city, is seeing strong demand for luxury homes and mixed-use projects. This development can be attributed to the fact that Saudi Arabia has a Vision 2030 that aims at diversifying the economy and streamlining life in the cities. By 2024, the nation had invested SR4.9 trillion in infrastructure, including additional homes, offices, and hotels. Others planned are more than a million new houses and seven million hectares of shopping and office space.
The project comes as Trump Tower Jeddah, a 47-floor luxury tower on the Red Sea coast, begins its pre-construction phase. Together, these projects show the scale and ambition of the Dar Global–Trump Organization partnership and highlight Saudi Arabia’s rising role in global real estate.
Dar Global, listed on the London Stock Exchange, is the international branch of Dar Al Arkan Real Estate Development. Projects like Trump Plaza Jeddah help the company expand its presence worldwide.
