Construction starts on 350-metre Trump Tower Dubai
Construction has started on what will be the 350-metre-high Trump Tower Dubai, developer Dar Global said.
The global development arm of Saudi-listed Dar Al Arkan has awarded the enabling works contract for the AED2 billion ($545 million) Trump International Hotel and Tower to Edrafor Emirates, a local contractor.
Edrafor Emirates will undertake the enabling and foundational works required to prepare the site for full construction, Dar Global said in a statement. The scope includes ground engineering, deep enabling systems and logistical mobilisation.
In October, Dar Global CEO Ziad El Chaar told AGBI that the plot on Sheikh Zayed Road, next to the Shangri-La Hotel, was previously leasehold but had been converted to freehold under property laws introduced about six months earlier.
The project will offer one- to four-bedroom apartments and penthouses with views of the Arabian Gulf, the Dubai skyline and Burj Khalifa. Prices start at AED1.7 million.
The 80-floor tower will feature what planners say is to be Dubai’s highest outdoor pool and two penthouses inspired by New York’s Trump Tower on Fifth Avenue.
The expected completion date is December 2031, according to the developer’s website.
Further reading:
- Saudi Arabia’s Dar Global launches Trump-branded Maldives resort
- Turkish developers target Saudi real estate market
- Trump in the Gulf: There’s substance behind the hype
Last month the developer appointed the main contractor for the SAR2 billion Trump Tower on the Jeddah Corniche.
London-listed Dar Global has partnered with the Trump Organization on several developments in the Gulf, including Trump-branded villas in Muscat, Oman, a planned tower in Jeddah, Saudi Arabia, and more in Riyadh.
The company has $12.5 billion of projects under development and a presence in nine countries, including the UAE, Oman, Qatar, the UK, Spain and Saudi Arabia.
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