Trump launches exclusive penthouse sale to UAE

Dubai: The Trump Organisation, one of the world's leading property developers, on Sunday launched the sale of five penthouses in the Trump Soho Hotel in New York.

The penthouses, priced up to $15 million, are to be sold exclusively to the UAE. Other units will be sold from around $4 million to $12 million.

"The Trump Organisation has amazing support from people in the Middle East and Dubai. The Trump brand is perfect for the Dubai real estate buyer," said Donald Trump Jr., executive vice president of the Trump Organisation.

The Trump hotel condominium will be the first of its kind in downtown Manhattan when it is completed in July 2009.

The $800 million Trump Soho will comprise of 400 hotel condominium units, including 141 deluxe suites, 253 studios, five penthouses and one presidential suite.

The building will have 46 storeys. Construction is already completed up to the 42nd storey.