Trump-branded property to boast $20 million penthouses that can be bought in cryptocurrency.
Dubai, UAE – The Trump Organization, in collaboration with London-listed Dar Global, has unveiled the Trump International Hotel and Tower, a $1 billion development in Dubai. This landmark project will feature a Trump-branded hotel, luxury residences, and a private clubhouse, situated prominently at the entrance of Downtown Dubai on Sheikh Zayed Road. Completion is anticipated within five years .CryptoRank
Key Project Highlights:
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Luxury Residences: The development will include two penthouses priced at Dh75 million ($20.4 million) each. Three to four-bedroom apartments are expected to be priced between Dh4 million and Dh5 million .
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Cryptocurrency Payments: Eric Trump, Executive Vice President of the Trump Organization, announced that the project will accept cryptocurrency payments for property purchases, marking a significant step in integrating digital assets into real estate transactions .CryptoRank
Dubai’s Real Estate Market:
Eric Trump highlighted Dubai as one of the world’s most dynamic property markets, citing the city’s extensive development and luxury projects as evidence of its growth. He noted that Dubai has become a global destination, attracting investors from Europe, Asia, and Africa .
According to Knight Frank, Dubai recorded 111 sales of homes valued at over $10 million in the first quarter of 2025, totaling $1.9 billion. This represents a 5.7% increase compared to the same period last year, underscoring the city’s appeal to high-net-worth individuals .
Funding and Development:
Ziad El Chaar, CEO of Dar Global, stated that the project will be financed through a combination of bank borrowing, company equity, cash reserves, and investor contributions. Dar Global, the international arm of Saudi Arabia’s Dar Al Arkan, boasts a property portfolio worth $10 billion, with projects spanning the UAE, Oman, Saudi Arabia, the UK, and Spain .
Future Prospects:
The Trump Organization and Dar Global are also exploring additional projects in the region, including developments in Riyadh and Jeddah. These initiatives align with the ongoing growth and diversification of Gulf economies .Reuters+1New York Post+1
The Trump International Hotel and Tower in Dubai represents a significant addition to the city’s skyline and reflects the continued confidence in Dubai’s luxury real estate market.
