Trump hotel to be showpiece on Palm Jumeirah realty development in Dubai

15-Jul-2008

Palm Jumeirah

Trump hotel to add to glory of the Palm Jumeirah real estate development in Dubai

Chris O'Donnell, Nakheel CEO, has shed more light into the terms of the Nakheel-Trump partnership of the Trump International Hotel and Towers realty development to be located in Palm Jumeirah, Dubai. While the Trump hotel part of the realty project will be owned by Nakheel Hotels, within the residential properties, each of the 399 real estate units will be privately owned, including Donald Trump himself.

"The terms and conditions of the agreement are confidential although it is envisaged that upon completion, the hotel component of the building will be owned by Nakheel Hotels, with the Trump Organisation having an ongoing involvement in its management," O'Donnell said.

The Trump hotel is set to be the centrepiece of the Palm Jumeirah real estate development in Dubai. O'Donnell believes the first penthouse could sell for an impressive $30 million.

Latest News

03-Dec-2008 : Saudi Arabia Investor Conference takes place in London
03-Dec-2008 : DIFC Investments repays US$500m syndicated loan before maturity
03-Dec-2008 : United Design International joins INDEX Dubai 2008
03-Dec-2008 : INDEX 2008, biggest interiors event of its kind in Gulf, opens in Dubai
03-Dec-2008 : Hotel property in Macau to be operated by Jumeirah group
03-Dec-2008 : ‘Burj Dubai was designed to be 808 metres tall’
03-Dec-2008 : Constitutional amendments approved by Federal Supreme Council
03-Dec-2008 : Standard & Poor’s confirms credit ratings for DMCC
03-Dec-2008 : UAE’s immense growth due to diversification of economy, policy of openness: Al Mansouri
01-Dec-2008 : Armani Hotel Milano takes shape

News Category

Dubai Properties

Properties in UAE

Country Profile

Property Listing

Resources

Trump hotel to be showpiece on Palm Jumeirah realty development in Dubai

Latest News