This project sends a strong message – GLOBAL INVESTORS TRUST DUBAI
The Trump Organization, famous for luxury developments around the world, is joining hands with UK-listed developer Dar Global to build a new 80-story residential tower in Dubai. This could become one of the tallest residential buildings in the city.
Two Big Names Behind the Project
- The Trump Organization – known for building high-end, luxury properties globally.
- Dar Global – The international arm of Saudi Arabia’s Dar Al Arkan, a major real estate company.
The exact location is not confirmed yet – but it is expected to be in a prime area like Downtown Dubai or Business Bay.
Why Did They Choose Dubai?
According to a report by Knight Frank, Dubai has seen the highest price growth in real estate globally for two years in a row, with prices rising by almost 16% YoY.
In 2023 alone, over 5,200 millionaires moved to Dubai, showing strong trust from the world’s wealthy. Areas like Palm Jumeirah saw prices jump by 38%, while ultra-prime areas like Jumeirah Bay and Dubai Hills Estate saw price premiums of over 60%.
Why Are People Buying in Dubai?
Dubai offers many benefits that attract global investors:
- No income tax
- 10-year residency visa for property buyers
- Strong, stable, and safe economy
- Full property ownership in freehold zones for foreigners
- Easy business setup for individuals and families
Who’s Buying These Homes?
Most luxury property buyers in Dubai are international. In 2023, almost 80% of all property deals over AED 10 million were made by foreign buyers.
The top buyers came from:
- Russia
- India
- China
- The UK
- And increasingly, the US and Europe
But There’s One Problem…
Even with all this demand, luxury homes in Dubai are still limited. Less than 3% of all under-construction units are considered luxury, and even fewer fall into the ultra-prime category.
Why Are Investors Giving Importance to This Tower?
This project sends a strong message – GLOBAL INVESTORS TRUST DUBAI.
And when a big name like Trump enters, other things usually follow, like more high-end launches, more global attention, and even stronger growth for Dubai’s luxury market.