Eric Trump, Vice President of Trump Organization, made important statements about the luxury Trump Tower project to be built in Dubai. While the project was informed that crypto payments will be accepted, the scope and details of the project were shared with the public.
Trump and Dubai investment
The new project will be at the entrance of Downtown Dubai on Sheikh Zayed road. Trump Tower Dubai is designed to contain hotels, housing and social opportunities. The period foreseen for the completion of the project was stated as five years. Two Penthouse will be available at 75 million DH.
Eric Trump stated that crypto payments will be accepted in Trump Tower, but the details of which crypto assets will be valid was not shared. This explanation is considered part of the company’s strategy for innovative payment methods.
Dubai as a Global Investment Center
While evaluating Dubai’s real estate market, Trump drew attention to the city’s competitive structure in the luxury segment.
Eric Trump: “Everyone tries to redefine luxury, sets the highest level and all succeeds.”
The fact that Dubai has become a global investment center causes the city to attract investors from around the world. Knight Frank data reveals a significant number of home sales over $ 10 million in the first quarter of 2025. In addition, the increase in the number of millionaires in the country shows that the investment environment is strengthened.
The advantages of the government to support the real estate market are considered as an important factor of this growth. The expansion of long -term visa programs with the residence permits given for retirees and distance employees plays a role in supporting the sector.
Trump said that Dubai aims to set new standards in the real estate market.
Eric Trump: “Dubai’s real estate market will continue to experience explosion and set new standards per square meter.”
This statement underlines positive expectations for the future.
The project and statements are supported by existing economic data, which is thought to increase Dubai’s investment charm. Developments in the region indicate that new trends may occur in the field of housing and luxury real estate.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
