Dar Global, the London-listed luxury real estate developer, has secured financing from the National Bank of Oman (NBO) for the development of AIDA, one of the most ambitious and transformative real estate projects in the region.
According to Industry sources, this 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.
A joint venture with Omran Group, Omanโs leading entity for tourism development, AIDA seamlessly blends luxury golf, residential, and hospitality experiences. With its opulent mansions, limited-edition villas, and sophisticated apartments, the project will further elevate Omanโs global standing as a premier destination for tourism, living, and investment.
Strategically perched atop cliffs overlooking the Gulf of Oman, AIDA spans 3.5 million square meters, offering a blend of premium residences, world-class hospitality, and exceptional leisure amenities. Among its signature attractions is the USD 500 million Trump International Oman, featuring a 140-key luxury resort and an 18-hole championship golf course designed to global standards. Additionally, the master-planned community includes the Marriott Residences, a USD 100 million development that embodies the hospitality giantโs renowned standards of sophisticated living.
The first phase of the project, set for completion by 2027, involves the design and construction of critical infrastructure, including roads, water and electricity networks, utility installations, drainage, and sewage systems, as well as the development of the surrounding road network within AIDA. The Trump International Oman is scheduled to open in December 2028.
Ziad El Chaar, CEO of Dar Global, commented: โAs a milestone project AIDA is not only slated to elevate the luxury real estate offering of Oman but also deliver tangible economic growth by attracting investment, creating jobs, strengthening the tourism and related sectors. Designed to blend seamlessly with Muscatโs natural beauty and cultural heritage, the project will further enhance the countryโs position as a premium global destination. Securing financing from NBO pronounces strong endorsement of AIDAโs potential, marking a crucial step toward its successful realization.โ
Ghadeer Iqbal Al Lawati, Assistant General Manager – Head of Project Finance & Syndication at NBOย added: โAt NBO, we are committed to supporting transformative projects that drive economic growth and strengthen Omanโs position as a premier destination. We are proud to support Dar Global in bringing the AIDA project to fruition. This development is positioned to become a landmark destination, attracting tourists and investors alike, and contributing significantly to Oman’s Vision 2040 objectives. AIDA reflects our confidence in its vast potential to elevate Omanโs global appeal and contribute to the nationโs long-term prosperity.โ
Industry sources further added that this financing agreement with NBO displays strong confidence in AIDAโs vision and Dar Globalโs expertise in delivering world-class developments that merge innovation, sustainability, and luxury. As the project progresses, AIDA continues to receive an overwhelming response from high-net-worth investors and discerning buyers seeking an unparalleled lifestyle in one of the Middle Eastโs most breathtaking locations.
