In a bold move that underscores the shifting landscape of global real estate, Dar Global, a London-listed luxury developer and the international arm of Saudi Arabia’s Dar Al Arkan, has unveiled plans for a $1 billion Trump Plaza in Jeddah. The announcement, made on September 29, 2025, marks the second collaboration between Dar Global and The Trump Organization in the coastal Saudi city, following the successful launch of Trump Tower Jeddah in December 2024, according to AP and The Blueprint.
The new development, set to rise along King Abdulaziz Road in the heart of Jeddah, aims to transform the city’s skyline and urban experience. Trump Plaza Jeddah will feature a blend of premium residences, serviced apartments, Grade-A office space, and exclusive townhouses. A Central Park–inspired green spine will anchor the project, connecting residential and commercial areas and infusing the development with what Dar Global describes as “Manhattan-style vibrancy.” The project’s design is meant to seamlessly integrate living, working, and leisure, creating a community where people can live and work in one place—a concept that Ziad El Chaar, CEO of Dar Global, calls “a pioneering concept in Saudi Arabia and one of the most ambitious developments Dar Global has undertaken to date,” as reported by The National and Bloomberg.
“Trump Plaza Jeddah is a pioneering concept in Saudi Arabia and one of the most ambitious developments Dar Global has undertaken to date. By combining residential, serviced, and office components with a Central Park-inspired landscape, we are delivering a unique lifestyle destination that reflects both Manhattan’s vibrancy and Jeddah’s strategic role as a cultural and commercial hub,” El Chaar told Construction Week. The project will include a “few hundred” homes, approximately 200,000 square feet of Grade A office space, and a retail courtyard, all designed to appeal to both local and international buyers.
Eric Trump, Executive Vice President of The Trump Organization, echoed this sentiment, stating, “We are honored to expand our footprint in Saudi Arabia with the Trump Plaza Jeddah. This project embodies our vision of excellence by blending world-class hospitality, modern living, and dynamic business environments. Together with Dar Global, we are creating a destination that will set a new benchmark for prestige and innovation in the Kingdom.” His remarks, cited in Construction Week and The Blueprint, highlight the Trump Organization’s ongoing strategy of licensing its brand to high-profile international developments.
The Trump Organization’s global reach is well documented. Before Donald Trump entered the White House in 2017, the company struck numerous real estate licensing deals around the world, including projects in Canada, Dubai, Mexico, India, and Turkey. The Jeddah developments are part of a broader expansion of Trump-branded projects in the region, with Dar Global also advancing similar ventures in Dubai, Oman, and Qatar, as reported by Bloomberg.
Saudi Arabia’s property sector has been booming, driven by ambitious government reforms and a growing appetite for modern, mixed-use developments. According to a Knight Frank report cited by The National, the total number of real estate transactions across all asset classes in the kingdom surged by 37 percent year-on-year in 2024, reaching 236,690. The total value of deals climbed by 27 percent to 267.8 billion Saudi riyals (about $71.4 billion). Residential sales were up 38 percent to 202,661 deals, with the value rising 35 percent to 164.8 billion riyals. Jeddah’s housing market, in particular, saw the highest growth in both value and volume of transactions nationally, with residential deals increasing by 53 percent and the total value up by 43 percent.
Several factors have contributed to this surge. The Saudi Central Bank reduced the minimum down payment for Saudi nationals from 30 percent to 5 percent, making home ownership more accessible. Additionally, the kingdom has opened its real estate market to foreign investors, allowing residency through property purchases over $1 million and updating rules to permit foreign ownership in designated zones in Riyadh and Jeddah. These reforms have not only fueled demand but also made Saudi Arabia an attractive destination for international property developers.
Trump Plaza Jeddah’s launch comes amid this backdrop of rapid growth and regulatory change. The project is still awaiting certain municipal approvals, with construction expected to begin in 2026, as reported by Bloomberg. Dar Global’s broader ambitions are clear: the company currently has $7.5 billion worth of projects under development across the United Arab Emirates, Oman, Qatar, the United Kingdom, Spain, and Saudi Arabia.
Branded partnerships like this one typically see developers earning fixed design fees plus a percentage of sales. El Chaar explained to Bloomberg that the success of Trump Tower Jeddah, which includes a hotel, luxury amenities, and a members-only club, motivated Dar Global to pursue a second Trump-branded project in the city. “We had very good success with the Trump Tower sales—that’s why we decided to go ahead with a second project,” he said.
The Trump Organization’s relationship with Saudi Arabia has not been without controversy. Donald Trump’s close ties to Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, have drawn criticism, particularly after the 2018 killing of journalist Jamal Khashoggi. Nonetheless, the business relationship between the Trump brand and Saudi developers has continued to flourish, with both sides touting the prestige and innovation associated with their joint projects.
Trump Plaza Jeddah is designed to cater to a new generation of residents and businesses seeking integrated, high-end urban environments. The development’s Central Park-inspired green spine is more than an aesthetic feature; it’s a statement about the evolving identity of Jeddah as a cosmopolitan hub. The inclusion of premium residences, serviced apartments, and Grade-A office space reflects a broader trend in the region toward mixed-use, lifestyle-oriented developments that prioritize convenience, community, and luxury.
As Saudi Arabia continues to diversify its economy and attract foreign investment, developments like Trump Plaza Jeddah signal a new chapter for the kingdom’s cities. The project’s blend of international branding, innovative design, and strategic location positions it as a flagship for the next wave of urban transformation in the region.
With construction set to begin in 2026, all eyes will be on Jeddah as Dar Global and The Trump Organization seek to redefine what urban living can look like in Saudi Arabia’s rapidly changing landscape. For now, the promise is clear: a new benchmark for prestige and innovation is on the horizon.
