Dar Global will develop two Trump-branded projects in Riyadh and Jeddah with a combined value of USD 10 bn (SAR 37.5 bn), Dar Global CEO Ziad El Chaar told Reuters yesterday. The projects will include residential, hospitality, and mixed-use assets, with completion expected within four to five years, Trump Organization Executive VP Eric Trump said.

The details: The Diriyah project will feature around 500 luxury residences and “Trump Mansions” across 2.6 mn sqm in Rayana, Wadi Safar, alongside an 18-hole Trump International Golf Club and a Trump-branded hotel, according to a Dar Global statement. Villa sizes will range from 1.1k to 5k sqm, with prices ranging between SAR 25 mn and SAR 80 mn, Aleqtisadiah reports.

In Jeddah, Dar Global is planning a USD 1 bn Trump Plaza mixed-use development that will combine residential and office spaces. Spanning 28k sqm, the project will include apartments, townhouses, offices, a retail courtyard, and serviced units.

Background: Ahead of the Crown Prince’s visit to the US last year, word circulated that the Trump Organization was in talks to add a Trump-branded property to the Kingdom’s USD 63 bn Diriyah project.

Why it matters

Right place, right time: The projects, aimed at attracting direct foreign investment, coincide with the 21 January entry into force of the new law allowing non-Saudis to own real estate in designated zones. High-end branded residences like these are one of the asset classes the new law is designed to unlock for international capital.

But Dar Global may be front-running the regulation: Diriyah and Jeddah will need to be among the “designated zones” that allow foreign ownership, which would enable them to capture the international demand that the fine print — due later this month — is expected to unlock. We did a deep dive on Foreign Ownership Law and the other real estate reforms launched in 2025 in our Year in Review.

Dar Global and the Trump Organization are building a sizable portfolio together: TrumpTower Jeddah, Dar Global’s first Trump-branded project in Saudi Arabia, is under construction and scheduled for completion by December 2029. The companies are planning Trump-branded developments in Dubai, Oman, and Qatar. They are also behind the world’s first tokenized development in the Maldives.

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