Trump starts building in Dubai

Jun 28, 2008

Trump starts building in Dubai

Nakheel and the Trump Organisation will sell the most expensive penthouse in Dubai. The super-rich Donald J. Trump reserved a residence at Palm Jumeirah’s center. The two companies are “set to break property records in Dubai after receiving bids for an exclusive penthouse in Trump International Hotel & Tower on Palm Jumeirah”.

The Trump International Hotel & Tower is one of the most awaited new buildings in Dubai, it is the first on Trump builds in the region. It should become another landmark of Dubai’s skyline, and it will contain the most coveted and expensive penthouse in Dubai. Pre-sales of some properties have sold for as much as $3′000 per square foot. Sales started on June 23, 2008.

Donald J. Trump, CEO of the Trump Organization, said:

“I have created some of the world’s most spectacular buildings and hotels, but my project with Nakheel will be one of the most impressive undertakings I have ever been a part of. Palm Jumeirah is on course to becoming one of the world’s premier tourist destinations and the perfect location for my first venture in the Middle East. I’m thrilled with the early sales of the residences and I plan to reserve a property in the Tower for myself. I can assure you that the hotel will be a destination in itself, providing a stunning centerpiece to the skyline of Dubai.”

Sultan Ahmed bin Sulayem, Nakheel Executive Chairman, said:

“Nakheel is best known for creating larger than life developments such as the Palm islands and The World and Donald J. Trump is synonymous with luxury and glamour. Both companies are famous for making the impossible possible. Working as one, Nakheel and Trump, together, will bring a breathtaking and awe-inspiring structure to Palm Jumeirah and once again set the standard for big ideas and ultimate luxury. It’s no surprise that with such an incredible and sought-after project we have broken sales records in Dubai which is testament to the exclusive product we are delivering to buyers.”

The Trump International Hotel & Tower will be the tallest structure on Palm Jumeirah and is expected to be completed in summer 2011. The skyscraper will have 399 freehold residential apartments and a 378-room hotel. It is a 62-story, stainless steel and glass masterpiece of architecture. It will also be a huge challenge for engineers. The towers stand on a four-story bisected podium structure converging at the 40th-floor to create the building’s glazed diamond shaped pinnacle.