Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced the successful execution of a USD 250 million syndicated term loan facility ("Project Radium II") for Dar Global plc.
This bold move happens right from the heart of DUBAI, UAE. Dar Global plc, which is majority owned by Dar Al Arkan Real Estate Development Company, secured this USD 250 million financing as part of its continued growth and expansion across key global markets. Banks jumped in fast, showing strong appetite for premium property plays.
Emirates NBD Capital acted as the Joint Mandated Lead Arranger, Bookrunner and Sole Documentation Agent to execute the USD 250 million deal. The financing will support Dar Global's global expansion plans, enabling the leading real estate developer to accelerate existing projects and pursue new property developments across key markets.
Moreover, this financing highlights Emirates NBD's structuring and distribution capabilities in the syndicated finance space. It reinforces its role as a trusted partner to regional and international real estate developers amid sustained momentum in global property markets.
Why This Deal Shines Bright in Luxury Development
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said, "This transaction reinforces the confidence global institutions place in Emirates NBD's ability to originate and execute large-scale syndicated financings."
The strong participation from a broad group of lenders reflects deep distribution across the network and continued appetite for real estate-linked credit. Consequently, the bank delivered a facility that aligns perfectly with Dar Global's business ambitions, underlining commitment to tailored solutions for the luxury real estate sector.
Ziad El Chaar, CEO of Dar Global, said, "This facility, structured with Emirates NBD, brings together a strong group of financial institutions supporting Dar Global's continued growth."
It enhances liquidity and provides flexibility to advance developments while keeping a disciplined approach to new opportunities. As a London-listed platform with a global portfolio, access to diversified funding stays central to scaling across international markets.
