Dubai's $1bn Trump tower moves forward as key contract issued
Construction on Dubai's $1 billion Trump tower is a step closer after the issuing of a key contract to build the 350-metre structure in the heart of the city. Property developer Dar Global has awarded a contract to Gulf Asia Contracting to build the podium of Trump International Hotel & Tower in Dubai. The construction comes at a time of uncertainty for the Gulf states due to the Iran war. The…
Dubai's ambitious $1 billion Trump tower project advances with the issuance of a pivotal contract. Dar Global, the property developer, has awarded the contract to Gulf Asia Contracting for constructing the 350-meter podium of Trump International Hotel & Tower. This development, situated in the city center, is set to include over 500 homes and a Trump-branded hotel, along with an exclusive private members' club.
The tower, measuring 80 floors, will also feature Dubai's highest outdoor swimming pool and two penthouses valued at Dh75 million each. The pricing for apartments ranges from Dh4 million to Dh5 million, catering to a diverse investor base of approximately 40 nationalities. Despite the turbulent situation in the Gulf states due to the Iran war, the UAE's property market, including Dubai, has shown resilience, with residential prices in Abu Dhabi surging by 21.6 percent year-on-year in Q2 2026.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
