Key Highlights: 

• Trump’s $1B Dubai Tower to Pioneer Cryptocurrency Payments for Luxury Real Estate, Targeting Global High-Net-Worth Buyers.
• Exclusive penthouses priced at Dh75M each as Dar Global Partnership aims to redefine Dubai’s skyline by 2030.
• Sheikh Zayed Road Mega-Project Ties Crypto Adoption to UAE’s Golden Visa Boom and Tax-Friendly Policies.
• Trump Organization Bets on Dubai’s “Safe Haven” Status, Predicting Record Luxury Prices Amid 7,200 Millionaire Influx in 2024.

According to Eric Trump, executive vice president of the Trump Organization, Dubai is one of the world’s most attractive real estate markets.

Dar Global Joins Trump in Dubai Tower Deal

The organization announced the $1 billion Trump International Hotel and Tower in Dubai in collaboration with London-listed Dar Global. It will feature a clubhouse, residential apartments, and a hotel with the Trump name.

As per the company’s top executives, a three- to four-bedroom apartment will sell for between Dh4 million and Dh5 million, while two penthouses in the complex will cost Dh75 million ($20.4 million) each.

Mr. Trump declared that he would take cryptocurrency in exchange for real estate at the new project.

The project will be finished in five years and will appear at the Sheikh Zayed Road entrance to Downtown Dubai.

In an interview conducted in the emirate on Tuesday, Mr. Trump told The National that Dubai is “certainly one of the” most active real estate markets globally, “as evidenced by the amount of tower cranes and the kind of luxury projects being built.”

He said, “What’s interesting is that everyone is trying to redefine luxury and the highest pinnacle, and they’re all succeeding.”

“It’s become such a safe haven for so many people and so many countries that so many people want to put money here,” Trump stated. People from all over the world, including Europe, Asia, and Africa, are interested in investing here. Dubai is now truly the center of the world.

The surge in high-net-worth individuals has been helping Dubai’s real estate market, which has benefited from government programs like the extension of the 10-year golden visa program, residency permits for remote workers and retirees, and general economic growth in the UAE due to diversification efforts.

According to a recent report released by Knight Frank on Tuesday, Dubai saw 111 sales of residences valued at more than $10 million in the first quarter of 2025, up 5.7% annually, for a total value of $1.9 billion.

Following an influx of 4,700 millionaires in 2023 and 5,200 in 2022, Knight Frank said that 7,200 millionaires showed up in the UAE last year, using data from Henley & Partners. By the end of December, the United Arab Emirates had 130,500 dollar millionaires, making it the world’s fourteenth largest wealth market.

“The real estate market in Dubai is going to continue to see tremendous growth, and we’re going to establish new benchmarks for luxury and price per square foot,” Mr. Trump said.

The Trump Organization is not new to the area; it has a portfolio of real estate projects in other nations that include hotels, resorts, golf courses, and residential buildings.

In its Akoya project, the corporation owns two golf courses in Dubai through cooperation with developer Damac.

In addition, it has partnered with Dar Global to build a resort in Muscat that would feature villas, a hotel, and a golf course. Additionally, in December, a residential development in Jeddah worth two billion Saudi riyals ($533 million) was launched.

The Saudi developer and the company are also collaborating on two further residential projects in Riyadh.

According to Mr. Trump, consumers will be able to pay using cryptocurrency at the Trump International Hotel and Tower.

Mr. Trump and his father, the president of the United States, both strongly support cryptocurrency.

Crypto Buyers Flock to Dubai’s Booming Market

He continued, “It’s really exciting for me because I love that world and I am deeply invested in that world, and this project is going to be the first truly large-scale project that accepts Bitcoin, that accepts cryptocurrency to purchase units.”

“I think cryptocurrencies are great. It is the future’s financial system. Although it is still just beginning, it has grown rapidly,” he said. Cryptocurrency and real estate are “credible hedges for one another,” and it’s “very exciting to see two worlds that I truly love come together.”

Since “Americans are trying to learn what the Middle East is better than ever before,” more US citizens are expected to invest in real estate in Dubai, according to Mr. Trump.

“I think it’s great that so many Americans have a better understanding of the Middle East now that you can’t go anywhere without hearing someone talk about Dubai or their experiences there.”

He said Dubai appeals to consumers because it blends international cities like Monaco, Las Vegas, and New York with “tax havens, entertainment, and true financial power.”

“As the economies continue to grow, the company will also be looking to launch more projects in the region,” Mr. Trump said.

“It won’t be our final project, for sure. Dar Global is one of the best partners in the globe.

According to US President Donald Trump, the Gulf area will be least affected by his tariffs. “The Gulf is less susceptible to tariffs due to its service-based economy and lack of substantial manufacturing,” he stated.

Earlier this month, the US government imposed 10% tariffs on the Gulf region, which is significantly less than what other Middle Eastern nations like Tunisia, Jordan, Syria, and Iraq have to pay.

Dar Global CEO Ziad El Chaar said a combination of bank borrowing, the company’s own equity, cash, and investor collections would be used to finance the Trump International Hotel and Tower.

“We ended the year with a healthy cash position, close to $160 million, and we have about half a billion dollars in equity in the company,” Mr. El Chaar said.

“We will also collaborate with nearby banks to primarily finance the hotel and club’s construction.”

With projects in the UAE, Oman, Saudi Arabia, the UK, and Spain, Dar Global, the worldwide real estate development division of Dar Al Arkan in Saudi Arabia, has a $10 billion real estate portfolio.

In addition, the business is considering projects in Athens, Greece, and a few U.S. states.

“All of these cities have one thing in common: they are diverse. Numerous nationalities are drawn to each city. As a result, the investment is consistently more reliable and safe,” Mr. El Chaar concluded.