According to Eric Trump who serves as the executive vice president of the Trump Organisation, Dubai is a top global property hotspot. Through its partnership with Dar Global Trump Organisation unveiled the Trump International Hotel and Tower development worth $1 billion in Dubai. The Trump-branded hotel and residential units with a clubhouse will comprise the development.
Company executives said that real estate buyers can purchase either a Dh4 million to Dh5 million three to four-bedroom apartment or spend Dh75 million ($20.4 million each) on two luxury penthouses. Mr. At his new development Trump announced his acceptance of cryptocurrency as a payment method for property acquisition.
The construction project will appear at the entrance of Downtown Dubai on Sheikh Zayed Road and developers expect it to finish within five years. Mr Trump stated to interviewers during Dubai’s visit that this city represents “certainly one of the” most active real estate markets worldwide because viewers witness both elevated development activity and opulent projects under construction. Trump emphasized that various developers achieve success by redefining luxury.
The Emirate now welcomes visitors from all around the world according to Mr. Trump. Trump expressed that Dubai has evolved into a stable sanctuary welcoming large groups of people including multiple nationalities who choose to invest their funds within its borders. People everywhere from all European countries along with all parts of Asia and throughout all regions of Africa desire to invest here. The city has developed into an epicentre.
Dubai’s property market receives support from wealthy individuals entering the market due to government programs offering residency options to retirees and telecommuters and increased usage of the 10-year golden visa program in addition to economic growth achieved from diversification strategies.
The recent Knight Frank report shows that Dubai recorded 111 high-end home sales worth more than $10 million during the first quarter of 2025 which generated a total value of $1.9 billion and presented a 5.7 percent market expansion compared to previous yearly data.
Data from Henley & Partners to Knight Frank showed that the United Arab Emirates received 7,200 millionaires in 2023 as well as 4,700 in 2023 and 5,200 in 2022. The end-of-December figure for dollar millionaires across the United Arab Emirates showed 130,500 people at the 14th position worldwide for wealth markets.
The real estate business in Dubai maintains solid prospects for ideal development according to Mr Trump because it will achieve exceptional standards in luxury buildings and property prices. Trump Organisation maintains multiple real estate properties in resorts, hotels and golf courses and residential developments throughout various countries.
Two golf developments in the Akoya project of Damac developer serve as Trump Organization’s bases for operations in Dubai. The company joined forces with Muscat-based developer Dar Global for constructing a resort with hotel and golf facility and two Saudi riyals worth 533 million dollars residential project in Jeddah that was showcased in December.
The Saudi developer is currently collaborating with the company to develop two residential projects inside Riyadh. The Trump International Hotel and Tower will allow cryptocurrency buyers to use digital currencies as payment for property acquisition according to Mr Trump. Mr. Trump and his father share their extensive backing for cryptocurrencies.
The project marks a significant milestone as it stands as the largest project to receive Bitcoin and cryptocurrency for unit purchases which he finds exciting because he deeply loves cryptocurrency as well as the future of the industry.
“I believe in cryptocurrency. The financial system of tomorrow is developing rapidly even though it remains in its early stages of growth according to him. Real estate and cryptocurrencies create compelling mutual protection measures that produce an exhilarating experience because they deliver integration of two domains both of which I deeply treasure.
Mr Trump believes that Americans will choose to invest in Dubai real estate because they actively wish to explore the Middle East better than ever before. Many Americans used to have limited understanding of the Middle East until Dubai began to gain global popularity through shared experiences which he considers beneficial.
The combination of Monaco and Las Vegas and New York characteristics in Dubai makes it attractive to potential buyers according to business leaders. The organization plans to initiate additional development ventures in the region based on the expanding regional economies within the future according to Mr Trump.
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The project marks the beginning of many more future joint ventures with Dar Global. Our business operates with the world’s outstanding partnerships through Dar Global. The Gulf region will remain unaffected by the trade tariffs according to President Donald Trump. Trump noted that service-oriented economic structures as well as minimal manufacturing presence in the Gulf region protects the region from tariff impacts.
These month the Gulf region suffered from US administration tariffs set at 10 percent while other Middle East nations including Tunisia, Jordan and Syria and Iraq received higher levies. The Trump International Hotel and Tower funding plan includes bank loans as well as corporate equity contributions and cash collected from investors and deposits made by customers according to Ziad El Chaar who leads Dar Global.
The company holds approximately $500 million worth of equity as Mr El Chaar reported a year-end cash balance of near $160 million. The primary financial support for hotel construction and club development will come from working with local bank funding.
As an international property development entity of Saudi Arabia’s Dar Al Arkan Dar Global operates $10 billion worth of real estate properties spanning UAE and Saudi Arabia as well as Oman and Spain along with the United Kingdom.
Company executives are considering the development of real estate projects throughout Athens in Greece together with specific regions in the United States. All of these cities share one basic trait by being highly diversified. National populations heavily frequent all these locations. The investment becomes safer and more steady because of this approach said Mr El Chaar.