Trump adds to Gulf portfolio with Dubai tower deal
The Trump Organization and Dar Global have unveiled a new development, adding to others in Oman and Saudi Arabia this year.
Saudi real estate developer Dar Global and the Trump Organization announced on Thursday that a Trump Tower is coming to Dubai, building on the former US president’s deepening business ties to the Gulf as he runs for reelection.
The two companies said in a joint statement that they will collaborate to establish Trump Tower Dubai, a development that will be located in a “prime location” within the United Arab Emirates’ largest city. The tower will include both hotel and residential units and the location and design will be unveiled by the end of 2024, according to the statement.
#DarGlobal announces third collaboration with @Trump Organization to launch iconic Trump Tower Dubai in 2025 https://t.co/PDRdnrbmpO #UAE #RealEstate pic.twitter.com/3WoDUNo1Jp
— DarGlobal (@dar_global) July 18, 2024
The Trump Organization is a conglomerate owned by Donald Trump. Dar Global, based in Dubai, is the international subsidiary of the Saudi real estate firm Dar Al Arkan.
The companies did not provide the financial terms of the project.
