- Eric Trump says Dubai’s property market is booming, and the Trump Organization is building a $1 billion hotel and tower there.
- The project will accept cryptocurrency for buying properties, including $20.4 million penthouses.
- Dubai attracts global investors, with 7,200 millionaires moving to the UAE last year, supporting its real estate market.
Dubai’s property market is one of the hottest in the world, according to Eric Trump, who helps run the Trump Organization. The company has teamed up with Dar Global, a real estate developer based in London, to launch a new $1 billion project called the Trump International Hotel and Tower in Dubai.
This development will include a fancy hotel with the Trump name, apartments, and a private clubhouse. Eric Trump said the project will have two penthouses priced at $20.4 million each, and three to four bedroom apartments will cost between $1 million and $1.3 million.
Eric Trump on Cryptocurrency in Real Estate
Eric Trump shared that buyers can use cryptocurrency, like Bitcoin, to purchase apartments in the new tower. He’s excited about this because he’s a strong supporter of cryptocurrency and thinks it’s the future of money.
He said this project is one of the first major real estate developments to accept crypto payments, which makes it special for him. Eric Trump also mentioned that combining his love for real estate and cryptocurrency is a thrilling opportunity.
Dubai’s Booming Property Market
The new tower will be built at the entrance to Downtown Dubai, right on Sheikh Zayed Road, and it’s expected to be finished in five years.
Eric Trump praised Dubai, saying it’s a global hub that draws people from places like Europe, Asia, and Africa.
He described it as a safe and attractive spot for investors. He also pointed out how strong the property market is, highlighting that 111 homes were sold for over $10 million in just the first three months of 2025.
Dubai’s growth is caused by things like government programs that offer residency permits for retirees, remote workers, and people with long term visas. Last year, 7,200 millionaires moved to the UAE, adding to the 130,500 already living there, making it a major wealth hub.
Eric Trump believes this project will set new records for luxury and price in Dubai’s market. He also said the Trump Organization has worked with Dar Global before, including on projects in Oman and Saudi Arabia, and they plan to do more in the region.
The project will be funded with a mix of bank loans, the company’s own money, and payments from investors, according to Dar Global’s boss, Ziad El Chaar. He said they have about $500 million in equity and $160 million in cash to help get it started.
Eric Trump added that Dubai feels like a mix of cities like Monaco, Las Vegas, and New York, with its tax benefits, entertainment, and financial strength, which makes it appealing to buyers.
He thinks more Americans will invest in Dubai as they learn more about the Middle East, a region he says is often misunderstood in the U.S
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