Dar Global expects sellout by summer for Dubai’s Trump Tower

Dar Global, the Saudi developer behind Dubai’s planned $1 billion Trump Tower, expects the building to sell out by the end of summer and is planning to launch more projects with the Trump Organization.

The project, launched in April, is expected to be finished in five years and will feature more than 500 homes, with two $20 million penthouses, a Trump-branded hotel and a clubhouse.

“Sales have been strong, [there has been] very good reception for the brand, for the mix and the location,” Dar Global CEO Ziad El Chaar told The National.

Dubai’s property market has continued its steep ascent, with the average price per square foot reaching AED 1,808 ($492) in May.