The Trump Organization is entering new turf in Dubai’s high-end real estate market. In a bold twist, the company will accept payments in cryptocurrency for condos in its new $1 billion project, Trump Tower Dubai.
The modernist community on the site of an airport in the futuristic development is scheduled to start construction in 2025 and will take about five years to build.
Eric Trump, one of the sons of U.S. President Donald Trump, who is also the Executive Vice President of the Trump Organization, recently announced that the tower will be welcoming Bitcoin and other digital currencies for property purchases.
“This is going to be the first large-scale project that takes Bitcoin to buy units,” Eric said. “That’s exciting because I love that world and believe in cryptocurrency.”
So far, there is no list of accepted cryptocurrencies, but it is clear only condominium units (not hotel rooms) can be bought with crypto.
The condos are expected to be ultra-luxe, costing anywhere from $1 million to $20 million. At the top, there will be penthouses, each expected to fetch $20 million.
But, while they make substantial use of crypto, there are no plans for tokenized real estate or blockchain ownership tracking. The new payment alternative will be cryptocurrency, but a real estate model will not emerge.
Dar Global joins Trump in Dubai tower deal
The Trump family has teamed up again with Dar Global, a London-listed real estate developer that has carved out a name for its luxury projects in the Middle East.
This partnership is not new—the two have worked together on Trump-branded developments in Oman and Saudi Arabia.
Ziad El Chaar, the CEO of Dar Global, said that the upcoming Trump Tower Dubai is among the most ambitious Trump-branded residential towers in the world. He noted that the statement reflects the project’s magnitude, stature, and symbolic significance in the region and internationally.
This further remark is a testament to their ever-increasing belief in Dubai’s capacity as a real estate hub and a leader in innovation around the burgeoning blockchain industry.
The Trump Tower Dubai will have an ultra-luxury hotel offering the highest international standards for ultra-high-net-worth travelers and long-stay residents.
A members-only clubhouse will further enhance this, The Trump Private, providing members with a dedicated space to network and enjoy private social events.
The ultra-luxury condos form the project’s core and feature design excellence, futuristic technology, and all-encompassing vistas of Dubai’s skyline.
While Trump Tower Dubai’s location hasn’t been revealed, reports say it will stand in a major part of the fast-growing city.
Finer details of the site, architecture, and interior will be released by the end of 2025.
Construction will start in late 2025, and the development is anticipated to be fully built by 2030. Upon completion, Trump Tower Dubai is set to revolutionize luxury living in the city and mark a milestone in the era of cryptocurrency and real estate luxury.
Crypto buyers flock to Dubai’s booming market
Dubai is part of the world’s fastest-growing luxury property market. Dubai is also an emergent cryptocurrency center, attracting blockchain companies, investors, and tech leaders.
That makes it a perfect fit for a crypto-centric luxury project like Trump Tower Dubai.
Accepting crypto payments falls into this category. It could help rewrite the rules on how high-end real estate is bought and sold internationally.
Eric Trump is also scheduled to appear at TOKEN2049, one of the biggest crypto conferences in Dubai. There, he can market the project to crypto investors and fans.
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