By Koh Gui Qing

NEW YORK, June 27 (Reuters) - Saudi property developer

Dar Global plans to invest $300 million in New York,

Miami and Los Angeles in the coming months as it seeks partners

to develop luxury homes the United States.

London-listed Dar Global hopes to announce its latest

development in the United States before the year-end, said Ziad

El Chaar, Dar Global's chief executive officer. He said Dar

Global has been meeting with top real estate developers, but

declined to identify the firms with whom it might partner.

"We are really focusing on closing the first project in the

United States before the end of the year," El Chaar said in an

interview from Dubai. He said Dar Global is ready to raise debt

in and outside the United States to help finance its U.S.

projects, and that its $300 million investment will be in the

form of equity.

Dar Global, the international arm of Saudi Arabia's Dar Al

Arkan Real Estate Development Company, hopes to sell

at least half of the homes in its U.S. developments to non-U.S.

buyers, El Chaar said.

Dar Al Arkan in November 2022 signed an agreement with the

Trump Organization, the company of former U.S. President Donald

Trump, to use the Trump brand for its $4 billion project in the

Gulf state of Oman that includes a golf course, hotel and

villas.

Trump enjoyed close ties with Gulf states during his tenure

as president, including Saudi Arabia which has invested $2

billion with a firm of Jared Kushner, Trump's son-in-law and

former aide, incorporated after Trump left office.

El Chaar said while it will be an "honor" for Dar Global to

partner with the Trump Organization or the Kushner Companies,

Kushner's family real estate firm, in its U.S. expansion, he did

not think they have the "right product" as they are too focused

on the U.S. market, as opposed to the international buyer

targeted by Dar Global.