The Trump International Hotel and Tower, valued at $1 billion in Dubai, will allow payments in Bitcoin, marking the first large-scale project to integrate crypto into the luxury real estate market.
According to information from The National, Trump International Hotel and Tower will be located at the entrance to Downtown Dubai, on the bustling Sheikh Zayed Road. The project will include a Trump-branded hotel, luxury apartments, a clubhouse, two penthouses priced at up to $20.4 million each, and 3-4 bedroom apartments that will be sold for approximately $1.1 - $1.3 million.
The project is expected to be completed within 5 years. Eric Trump describes Dubai as the "global capital of luxury real estate," attracting high-end investors from the US, Europe, Asia, and Africa due to its stable political environment, favorable tax policies, and high safety.
Dubai is currently experiencing an influx of wealthy individuals: 7,200 millionaires moved to the UAE alone in 2024, bringing the total number of millionaires in the country to 130,500, ranking 14th globally. A report shows that Dubai recorded 111 homes sold for over $10 million each in Q1 2025, an increase of 5.7% compared to 2024.
