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Investing.com -- The Trump Organization has initiated sales for a luxury tower and hotel project in Dubai, just a few weeks before President Trump’s planned visit to the region.
The project is a partnership with Dar Global Plc, a subsidiary of a Saudi Arabian developer listed in London. The 80-story tower will be built along Dubai’s main highway, offering views of the world’s tallest tower.
The new development will feature branded homes, a clubhouse, and penthouses equipped with sky pools, according to a joint statement from the companies. However, the completion of the project is expected to take several years.
The Gulf region, with its booming property market, offers significant opportunities to the Trump Organization. Dubai, in particular, has experienced a surge in luxury house prices in recent years.
In addition, Saudi Arabia is in the process of building luxury resorts and thousands of new homes as part of a trillion-dollar economic transformation plan.
President Trump is set to visit the Gulf region in May, a trip that will include a stop in the United Arab Emirates.
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