01 March 2025

Dar Global, the London-listed luxury real estate developer, said it has secured financing from the National Bank of Oman (NBO) to support the development of Aida, a luxurious gated community in Oman, perched on a cliff 130 m above the Gulf of Oman.

The funding marks a significant milestone in the progress of the Aida project, reinforcing its position as a landmark destination that will redefine luxury living in Oman, said Dar Global.

A joint venture with Omran Group, Oman’s leading entity for tourism development, Aida seamlessly blends luxury golf, residential, and hospitality experiences. 

Aida spans 3.5 million sq m, offering a blend of premium residences, world-class hospitality, and leisure amenities. Among its signature attractions is the $500 million Trump International Oman, featuring a 140-key luxury resort and an 18-hole championship golf course designed to global standards, said Dar Global.  Additionally, the master-planned community includes the $100-million Marriott Residences.

The first phase of the project, set for completion by 2027, involves the design and construction of critical infrastructure. The Trump International Oman is scheduled to open in December 2028. 

• Hafeet Rail signs deals for facilities, wagons in Oman
• Dar Global secures NBO funding for Aida
• L&T unit lands $1.2bn Mideast steel project
• GORD to integrate green code into Gulf Standards
• Turkey’s Proyapi wins Kuwait rail design contract
• Oman launches work on Masirah grid connection
• UAE, Saudi construction costs to rise in 2025: report
• Finance deal sealed for GCC-Oman grid project

Tags

Dubai Drainage & Sewerage German Expertise bauma Spotlight Cement Focus: Football & Decarbonisation Legally Bound Regional News Saudi Focus UAE Focus Events Tenders Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.