Trump Tower launches in Dubai, penthouses from Dh70 million
Dubai: The Trump International Hotel and Tower has landed in Dubai, with four-bedroom penthouses priced upwards of Dh70 million. The project – at the entrance of Downtown Dubai and along Sheikh Zayed Road – marks its formal launch ahead of US President Donald Trump’s visit to the UAE and Saudi Arabia in May.
The Trump Tower Dubai follows the recent launch of one in Jeddah. It also marks the extension of the Trump Organization’s alliance with Dar Global, the luxury-focused developer. The two also have a golf community themed project in Oman.
“We are honored to partner once again with Dar Global on this landmark development, bringing unparalleled quality and world-class amenities to Dubai’s luxury market,” said Eric Trump, Executive Vice-President of The Trump Organization. “Dubai is a global destination that shares our vision for iconic development, and we’re proud to expand the Trump brand in one of the most dynamic cities on earth."
The land was bought late last year, with Dar Global and a team from Trump Organization working closely on getting all the facets right. Japan's famed architectural firm Nikken Sekkei will provide the design.
First Trump hotel in UAE
"This is gonna be a brave project,' said Ziad El Chaar, CEO of Dar Global. "It will also mark the first ever entry of the Trump super-luxury hotel brand into the UAE, with the first 18 floors going to the hotel."
So, hotel takes up 18 floors out of the 80, two will be dedicated to a members' only club bearing the Trump brand, and then come the residential floors.
According to El Chaar, "Because of the three components - hotel, club and residences - and complexity of the project, we will need around 4 years to build. And we are taking an additional year as back up."
That would mean a delivery date in 2031.
Conservative estimates about the gross development cost of the project is pegged at the $1 billion mark. (The Trump Tower Jeddah's design is by Gensler Architects.)
For the Trump Organization, the launch is also about correcting a bit of history. Ahead of the 2008-09 Global Financial Crisis, there was a plan to create a Trump Tower on the Palm Jumeirah.
With Jeddah and Dubai now confirmed, attention veers to another Trump Tower project in Riyadh. El Chaar is not going into specifics about any of that for now, but did say: "There will be two Trump projects in Riyadh, one of which will be a golfing community..
