Join our Telegram Channel to receive updates faster!

To get your personalized content feed, feel free to register, sign in and select what interests you in your Preferences.

How the Trump Family is Investing in the UAE: Past, Present, and Future

How the Trump Family is Investing in the UAE: Past, Present, and Future - Coming Soon in UAE
20 July 2024
7 minutes to read

The Trump family, globally known for its grand real estate projects and political endeavors, has been continuing its activities in investing in the UAE systematically for many years.

Presence of the Trump brand in the dynamic market of UAE in line with other globally known family names, foundations and brands has been present, current, and forthcoming with their contributions toward enlarging the corporate reach. This article focuses on their involvements in the UAE with a overview of projects as well as the influence of the Gulf region.

 

Laying the Foundation

The Trump family’s involvement in the UAE began with high-profile real estate ventures. Donald Trump’s family owned company, The Trump Organization, collaborated with DAMAC Properties in 2013 to build the Trump International Golf Club in Dubai. This luxurious golf course, located in the heart of the prestigious DAMAC Hills community, was the first massive investment of the Trump family in the UAE property sector. The project had tremendous success among the high-net-worth individuals and had a significant impact on the UAE estate market at the time.  Designed by Gil Hanse and Jim Wagner, it debuted in early 2017, becoming the first new 18-hole layout to open in Dubai for seven years.

Expanding the Trump Portfolio

As of the Summer 2024, the Trump family continues to expand their investments in the UAE, focusing on luxury real estate projects. By this time another notable project in the Trump portfolio is Trump World Golf Club Dubai – another project launched in collaboration with DAMAC Properties. This state-of-the-art golf course, designed by Tiger Woods, is set within the expansive DAMAC Hills 2 community. This project underscores the Trump family’s strategy to continue expanding its portfolio of world-class leisure and residential destinations in Dubai.

Furthermore, the Trump Organization has shown great interest in the blooming hospitality sector in the UAE. Historically Donald Trump was focusing on luxury hotels and resorts, which were designed to cater to the luxury market, offering unparalleled service and amenities. He continued this strategy in Dubai, with an attempt to build Trump International Hotel and Tower between 2005 to 2011 (although not successful at the time), and the New Trump Tower announced in 2024. These ventures not only enhance the UAE’s reputation as a global luxury destination but also contribute significantly to the regional economy.

 

Looking Ahead

Looking to the future, the Trump family plans to continue expanding their investment portfolio in the UAE, leveraging their expertise in luxury real estate and hospitality. Potential projects include new hi-end residential developments (like the recent announcement of Dubai’s Trump Tower in an undisclosed location) as well as expansion to other emirates such as Abu Dhabi and Sharjah. The strategic vision of Trump family correlates with UAE’s Vision 2030 growth strategy, which places Construction as one of its three key sectors of development and seeks ways to diversify its economy and attract international investors in the country by offering safety, comfort and high standards of living.

Real Estate and Politics

The intersection of politics and real estate continues to shape the Trump family’s global investment strategy. The geopolitical stability of the UAE and its business-friendly environment make it an attractive destination for long-term investment projects, and The Trump Organization is looking for ways to utilize this. Political connections of Donald Trump can play an important role in facilitating new business and investment opportunities, which will greatly benefit relations between the UAE and the United States of America in the future.

 

A Strategic Vision

The Trump investments in the UAE economy reflect a long-running strategic vision that leverages strengths in real estate and hospitality. From initial projects in Dubai to future developments across the UAE, commitment of The Trump Organization to the growing economy of UAE underscores the region’s significance as a global investment hub. As Trump continues to explore new opportunities, their influence on the UAE’s real estate landscape is set to grow, contributing to the region’s ongoing economic success.

Article Categories

Article Tags

Related Articles

Investing in Dubai’s Property Market: A Closer Look at 4 Top Neighborhoods - Coming Soon in UAE Investing in Dubai’s Property Market: A Closer Look at 4 Top Neighborhoods
23 January 2024
Over the years, Dubai’s real estate market has become a profitable venture, luring in local and foreign investors with the promise of high returns, favorable tax policies, robust infrastructure and a cosmopolitan lifestyle that rivals some of the world’s most prominent cities.