Trump plans Dubai tower as Gulf property portfolio grows
The Trump Organization is partnering with Dar Global, the Dubai-based international arm of Saudi Arabia’s largest developer
The Dubai skyline is set to get its own Trump tower as former U.S. President Donald Trump – who accepted the Republican party’s nomination to the top of the ticket in Milwaukee, WI on Thursday night –gets in on the property boom underway in the UAE’s biggest city.
The Trump Organization is partnering with Dar Global, the Dubai-based international arm of Saudi Arabia’s largest developer Dar Al Arkan, to build Trump Tower Dubai.
The skyscraper will house a new members-only club called The Trump Private, a hotel and residences, according to a statement from Dar Global. The cost of the project or a completion date were not revealed but design plans are expected towards the end of this year.
The deal comes as the Donald Trump-owned developer makes a push into the Arabian Peninsula, having announced two other projects in the region with Dar Global in recent weeks: a $500 million golf resort in Oman and a high-rise tower planned in Jeddah, Saudi Arabia.
The Trump Organization has a real estate portfolio of resorts, hotels, apartment buildings and golf courses in parts of the U.S. like New York, Chicago and Hawaii, as well as international locales in some of the world’s fastest growing economies like India, Indonesia and Turkey.
The firm already has a presence in Dubai as part of a partnership with developer Damac for two golf properties in Damac’s Akoya development.