<p>Dubai: The Trump Organization, the company of former US President Donald Trump, has teamed up with Saudi luxury international real estate developer Dar Global to build a Trump-branded tower in Dubai, the companies said on Thursday.</p><p>London-listed Dar Global is the international arm of Saudi Arabia's Dar Al Arkan Real Estate Development Company, which in 2022 signed a deal with the Trump Organization to use the brand for its $4 billion project in the Gulf state of Oman that includes a golf course, hotel and villas.</p><p>Trump enjoyed close ties with Gulf states during his tenure as president, including Saudi Arabia which has invested $2 billion with a firm of Jared Kushner, Trump's son-in-law and former aide, incorporated after Trump left office.</p>.<p>It will be the second Trump-branded project in the United Arab Emirates (UAE), a small but influential Gulf state that is a close security partner of the United States.</p><p>Dubai was quick to reopen after the Covid-19 pandemic. That, together with massive infrastructure spending, generous income tax policies and relaxed social and visa rules, lured thousands of foreigners - including Russians - and was a catalyst for its red-hot property market.</p><p>The Dubai Trump tower will add to a growing list of ultra-luxury branded towers in a booming real estate market in the emirate, such as a $1 billion Mercedes Benz project by developer Binghatti set to be completed in 2026.</p><p>The Trump tower in Dubai is set to launch next year, Dar Global said in the statement, which did not provide financial details of the deal.</p>.Will you be able to buy Trump Tower at auction? Not anytime soon.<p>The development, which will include a Trump Hotel and branded residential units, will not be owned or sold by The Trump Organization but the name and mark will be used under license, the statement added.</p><p>Earlier this month, Dar Global also announced it was working with the Trump Organization to develop a Trump Tower in the city of Jeddah in Saudi Arabia. </p>
<p>Dubai: The Trump Organization, the company of former US President Donald Trump, has teamed up with Saudi luxury international real estate developer Dar Global to build a Trump-branded tower in Dubai, the companies said on Thursday.</p><p>London-listed Dar Global is the international arm of Saudi Arabia's Dar Al Arkan Real Estate Development Company, which in 2022 signed a deal with the Trump Organization to use the brand for its $4 billion project in the Gulf state of Oman that includes a golf course, hotel and villas.</p><p>Trump enjoyed close ties with Gulf states during his tenure as president, including Saudi Arabia which has invested $2 billion with a firm of Jared Kushner, Trump's son-in-law and former aide, incorporated after Trump left office.</p>.<p>It will be the second Trump-branded project in the United Arab Emirates (UAE), a small but influential Gulf state that is a close security partner of the United States.</p><p>Dubai was quick to reopen after the Covid-19 pandemic. That, together with massive infrastructure spending, generous income tax policies and relaxed social and visa rules, lured thousands of foreigners - including Russians - and was a catalyst for its red-hot property market.</p><p>The Dubai Trump tower will add to a growing list of ultra-luxury branded towers in a booming real estate market in the emirate, such as a $1 billion Mercedes Benz project by developer Binghatti set to be completed in 2026.</p><p>The Trump tower in Dubai is set to launch next year, Dar Global said in the statement, which did not provide financial details of the deal.</p>.Will you be able to buy Trump Tower at auction? Not anytime soon.<p>The development, which will include a Trump Hotel and branded residential units, will not be owned or sold by The Trump Organization but the name and mark will be used under license, the statement added.</p><p>Earlier this month, Dar Global also announced it was working with the Trump Organization to develop a Trump Tower in the city of Jeddah in Saudi Arabia. </p>