Dar Global, the global arm of Saudi Arabia’s biggest developer Dar Al Arkan, has partnered with British luxury brand Aston Martin to develop a beachfront residential community on Al Marjan Island in Ras Al Khaimah.
With a development value of $250 million, the project is expected to be officially announced next month with construction due to be completed in 2028, in a joint development with Aarvees Group.
The partnership will be Aston Martin’s first real estate collaboration in the GCC, Dar Global said on Monday, adding that the luxury brand will design interiors for the development.
“We … have the opportunity to design ultra-luxury interiors for what we believe will be an unparalleled development in the emerging luxury destination of Al Marjan Island,” Stefano Saporetti, director of brand diversification at Aston Martin, said.
The partnership marked a “significant milestone” for Dar Global as it expands its footprint into Ras Al Khaimah, Ziad El Chaar, chief executive of Dar Global, said.
“With a track record of delivering iconic properties, we are committed to setting new standards of luxury living in this vibrant emirate.’’
With its natural beauty and modern amenities, Al Marjan Island attracts those looking for a luxurious lifestyle.
Marjan is the developer behind Al Marjan Island, a development of four reclaimed islands with more than 7.8km of beaches and 23km of waterfront, in addition to major hotels and residential developments. The artificial islands have been attracting a significant amount of investment from developers in recent years.
Wynn Resorts is set to open its 1,000-room property with entertainment and gaming amenities in 2026. The project, which is being developed by the Las Vegas hotel operator, will include at least 10 restaurants and a large convention centre.
Abdulla Al Abdouli, chief executive of Marjan, the master developer of freehold property in Ras Al Khaimah, said that the project “further enhances the appeal” of the Al Marjan Island.
“This partnership … reinforces Ras Al Khaimah's position as a leading real estate hub in the region,” Mr Abdouli said.
Dar Global, which has a market cap of about $662.48 million as of Monday, aims to expand globally with a pipeline of close to $3.6 billion worth of projects planned in the UAE, Oman, Qatar, Spain, Bosnia and the UK.
Its share price jumped 0.61 per cent to €3.28 ($3.49) at 8:23pm UAE time following today's announcement. Riyadh-based Dar Al Arkan focuses on luxury developments and commercial centres in major cities across the kingdom. Dar Global was established in 2017 to develop the company's international assets.
In February last year, Dar Global was listed on the main market of the London Stock Exchange to expand its investor base.
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
The five pillars of Islam
The specs: 2018 Ford Mustang GT
Price, base / as tested: Dh204,750 / Dh241,500
Engine: 5.0-litre V8
Gearbox: 10-speed automatic
Power: 460hp @ 7,000rpm
Torque: 569Nm @ 4,600rpm
Fuel economy, combined: 10.3L / 100km
Indika
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%2011%20Bit%20Studios%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Odd%20Meter%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20PC%20and%20Xbox%20series%20X%2FS%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
UAE currency: the story behind the money in your pockets
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
MATCH INFO
World Cup qualifier
Thailand 2 (Dangda 26', Panya 51')
UAE 1 (Mabkhout 45 2')
UAE currency: the story behind the money in your pockets
More from Rashmee Roshan Lall
The biog
Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.
His advice to anyone starting out in business is to have no fear as life is about taking on challenges.
“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.
"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”
Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.
He relaxes by spending time with his family at home, and enjoying his wife’s India cooking.
