Dar Global completes sale of 149 Old Park Lane
Originally known as Gloucester House, the Grade II-listed building was designed by the renowned architects behind the Savoy Hotel
Dar Global has concluded the sale of the redeveloped residence No. 149 Old Park Lane in London, in partnership with Leconfield, a London-based property developer specialised in the central London luxury market. The transaction is said to underscore Dar Global’s expertise in executing high-value deals in some of the world’s key real estate markets, further solidifying its position as a leading luxury property developer committed to growth and excellence.
CEO of Dar Global, Ziad El Chaar said: “With a strong foundation steeped in legacy we excel in crafting bespoke luxury homes for today’s global citizen. Propelled by a driving ambition to become one of the top ten real estate developers in the world within the next 10 years, our team of talented visionaries are committed to delivering exceptional living spaces that serve as an investment opportunity as well as offer up a sophisticated lifestyle in some of the world’s most sought-after locations.”
“The sale of No. 149 Old Park Lane, part of Dar Global’s exclusive 1of1 portfolio, represents a significant milestone in the company’s global positioning and its expansion into the European market. Our 1of1 portfolio includes distinctive, independent estates that offer lifetime opportunities for ownership, designed to be passed down through generations,” added El Chaar.
Located on Piccadilly Street overlooking Green Park, No. 149 Old Park Lane retains many classical and Art Nouveau features, with high ceilings, spacious corridors, and grand furnishings adding to its allure. The property boasts three bedrooms with a master bedroom, a formal dining room, and a reception hall with stunning views of Green Park, the statement said.
Dar Global operates across nine markets, comprising the UAE, Saudi, Oman, Qatar, Greece, China, Spain, Maldives, and the UK, with plans for further international expansion. Among its notable projects are the Urban Oasis tower by Missoni and DaVinci tower by Pagani in Dubai, Les Vagues residences by Elie Saab in Doha, SIDRA residences in Bosnia, and the AIDA master development in Oman, featuring a Trump-branded luxury resort and exclusive residences. Recently, Dar Global announced the appointment of Rothschild & Co. to explore opportunities for acquisitions and joint ventures in London and Saudi Arabia, as part of a strategic effort to expand its presence in these key markets.
