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Dar Global and The Trump Organisation join hands to build $200 million branded residences in Oman

The Trump villas will range from three to seven bedrooms, starting at 1,345 square feet in size

Dar Global and The Trump Organisation join hands to build $200 million branded residences in Oman

Oman is steadily emerging as one of the most prominent commercial and cultural hubs in the region, and a prime investment destination due to its attractive benefits. From its favourable tax environment to its strategic location as a gateway to the Middle East and Africa, Oman offers countless opportunities for businesses to grow and thrive. Hence, to capitalise and thrive on this momentum, Dar Global has recently entered into a partnership with The Trump Organisation and unveiled ‘Trump Signature Villas’ at AIDA, one of Oman’s most expansive urban developments. Once completed, the Trump Villas will be an unrivalled destination, showcasing superior luxuries that will elevate the ultimate lifestyle.

Trump Signature Villas: A landmark in the making

The ‘Trump Signature Villas’ will be a collection of luxurious homes designed to embody the essence of opulence and exclusivity that the Trump name is known for. With a combined value of $200 million, Phase 1 of this collection will represent an unprecedented level of luxury living. Located within Trump International Golf Club Oman, the Trump Villas will be an exclusive enclave designed by internationally acclaimed luxury experts. Offering breathtaking sea views from an elevation of over 130 metres, the villas will range from three to seven bedrooms, starting at 1,345 square feet in size.

Beyond their architectural splendour, the Trump Villas will offer an array of unparalleled privileges. Residents of these distinguished homes will be given elite membership of Trump International Golf Club Oman, granting them access to a wealth of world-class amenities, including a state-of-the-art clubhouse, expansive parks, and recreational spaces. Furthermore, each property owner will also receive a beautiful Trump-branded golf cart, thereby fully enhancing the overall experience and convenience.

“In collaboration with Dar Global, at AIDA, we’ve discovered an incredible location in the heart of Muscat, Oman, offering breathtaking sea views. Together, we are setting a new standard for luxury living with the finest residential villas anywhere in the world. Every facet of the residence has been meticulously designed with unwavering precision, which will undoubtedly deliver an unparalleled standard of sophisticated living,” says Eric Trump, EVP of The Trump Organisation.

The allure of AIDA

AIDA is being developed with the support of Oman Tourism Development Company (OMRAN Group), the executive arm of the Sultanate of Oman for tourism development. The value of the project is $4 billion, and it will be developed over 10 years on an area of 3.5 million square metres.

AIDA’s master plan has been designed to ensure innovative standards with the adoption of architectural foundations, utilising rich natural surroundings. Most importantly, AIDA is being developed sustainably, fully respecting and preserving the topography and unique environmental features of the area with homes integrating seamlessly within the cliffs.

Ziad El Chaar, CEO, of Dar Global, adds, “AIDA sits on a high peak overlooking one of the most breath-taking horizons in the world. Imagine the beautiful setting of a villa in these majestic surroundings or playing a game of golf overlooking the sea—it is truly unrivalled. We are confident the relationship with Trump will enhance the natural beauty of AIDA and attract end-users and investors from around the world looking to be part of an exceptionally iconic project.”

He further adds, “The strategic partnership between Dar Global and The Trump Organisation aligns with Dar Global’s vision of regional and global expansion through unique, high-quality developments. The launch of Trump Signature Villas aligns seamlessly with our ambition to provide a life of exclusivity to our global clientele, enhancing the allure of AIDA and extending our impact beyond projects to shaping entire communities.”

The future looks bright

Oman’s real estate market has witnessed a remarkable surge in demand, with real estate transactions surpassing $6.7 billion (OMR 2.6 billion) by the end of December 2023. Besides, the luxury residential real estate market is valued at about $1 billion and is expected to register a CAGR greater than 6% during the forecast period.

Hence, the Oman government is also implementing measures to bolster the real estate sector and attract investment, including regulatory reforms and infrastructure development projects. Urban planning has taken centre stage with initiatives like the Greater Muscat City structural plan, and plans for major centres like Greater Sohar and Salalah are currently underway. Moreover, future cities like Sultan Haitham City and Al Jabal Al Akhdar also signal Oman’s growing interest in supporting development projects.

So, with a strategic focus on sustainable urban development and enhancing the overall quality of life, Oman is poised to sustain its momentum in the real estate market and capitalise on emerging opportunities in the years ahead.