Dar Global and Trump Organization to Build Iconic Trump Tower in Dubai

Thursday, 25 July 2024

The Trump Organization has teamed up with Dar Global, the international development arm of Saudi Arabia’s publicly traded Dar Al Arkan, to create an iconic new landmark in Dubai. This ambitious project will bring Trump Tower Dubai to life by 2025. Here’s what you need to know about this exciting development:

Partnership and Project Overview

Collaboration: This venture marks the third collaboration between Dar Global and the Trump Organization.
Location: Although the precise location of Trump Tower Dubai remains undisclosed, developers will place it in a highly desirable area of Dubai.
Timeline: We will reveal the exact site and design details by the end of 2024. We have yet to announce the project’s cost.

Eric Trump, Executive Vice President of The Trump Organization, expressed enthusiasm about the project:

“We are proud to expand our presence in the region further.”

Features of Trump Tower Dubai

Branded Apartments: The tower will feature luxurious Trump-branded apartments.
Trump Hotel Dubai: A premium hotel will be part of the development.
Exclusive Facilities: The property will offer top-notch amenities and services.
The Trump Private will introduce an exclusive, members-only club.

Significance and Impact

Dar Global’s CEO, Ziad El Chaar, highlighted the project’s importance:

“The grand launch of Trump Tower Dubai is an extraordinary addition to the Dubai luxury market and to Dar Global’s renowned hospitality and residential portfolio. This distinctive luxury project will strengthen our reputation for building exceptional, landmark properties in the area and help to elevate Dubai’s skyline, showcasing the city’s status as a global center of excellence and sophistication. The renowned Trump Tower Dubai will undoubtedly redefine luxury living in Dubai and draw attention from all over the world.”

Dar Global’s Recent Developments

Trump International Resort in Oman: Recently launched, this $500 million development includes a golf club and residences.
Global Presence: Dar Global, listed on the London Stock Exchange, manages projects totaling $5.9 billion across six countries: the UAE, Oman, Qatar, the UK, Spain, and Bosnia.

Historical Context

Previous Project: Nakheel and the Trump Organization initiated the Palm Trump International Hotel and Tower on Palm Jumeirah in 2005, but they unfortunately never completed it.

With Trump Tower Dubai, the collaboration between Dar Global and the Trump Organization aims to set a new standard in luxury living and continue their legacy of creating exceptional, landmark properties.