Trump Tower Dubai sales are an early hit - investors eye '30% resale potential'

Dubai: OK, the Trump Tower launch for Abu Dhabi didn’t happen during the US President’s visit this week – but there was a lot of action happening in Dubai. Buyer interest in the apartments at the recently launched Trump International Hotel & Tower in Downtown Dubai have been rated as ‘rock solid’ by estate agents, with a lot of attention coming from potential investors in the region and overseas.

“All available market indicators suggest a robust response,” said Farooq Syed, CEO of Springfield Properties. “The demand signals a healthy absorption early into the sales launch of Trump Tower Dubai. What it also shows in an alignment with demand for branded, high-end real estate in Dubai.”

“The resale potential gain for Trump Tower units is forecasted at approximately 30%.”

That's exactly what a number of investors would be thinking about, with the Trump Tower Dubai looking at completion in 2031.

Market sources were saying that President Trump’s visit to Saudi Arabia, Qatar and UAE over the week was the ‘best promotion’ the two Trump Towers in Jeddah and Dubai could have got. Multi-billion dollar deals in technology, defense and aircraft acquisitions flowed, with the visit generating unprecedented levels of global attention.

“More Trump-branded real estate in the Gulf states will happen in no time,” said an industry source. “Only question is how soon an Abu Dhabi launch will happen.”

What the market knows for sure is that there will be two projects launched back to back in Riyadh, with Dar Global as the developer. The company is also responsible for the Trump Tower Dubai.

“The 80-storey tower introduces one of the highest outdoor pools globally,” said Syed. “Residents have exclusive access to the Trump Membership Club. While memberships are not tied directly to unit ownership, it unlocks benefits across Trump International Towers worldwide.

“The Trump Tower Dubai is situated at the entrance of Downtown, offering a rare balance of visibility, access, and proximity to the city’s most iconic landmarks. Its location supports both residential appeal and long-term asset value.”

Starting prices at Trump Tower are Dh3.8 million for two-bedroom residences and Dh6.3 million for three-bedroom layouts. This ‘reflects its positioning within Downtown’s upper-tier market’, according to Syed.

“The most exclusive two-bedroom units are priced at Dh7.6 million, while select three-bedroom residences reach Dh8.7 million. These reflect preferred layouts, elevations, and view lines - marking the upper range of each category.”

In May 2024, Omniyat Properties confirmed the same of a penthouse at The Lana Residences, Dorchester Collection in Downtown Dubai for Dh139 million. This was the most expensive property to be sold with Burj Khalifa district.  

“The Downtown Dubai continues to command some of the highest-value residential transactions in the region,” said Syed. “Notable sales include a penthouse at Kempinski, The Boulevard sold for Dh80 million, and a residence at Il Primo, which transacted for Dh66.5 million. These sales underline sustained demand for ultra-prime products in the heart of the city.”

The SZR is buzzing with the sounds of new projects getting started, most notably the 725 meter tall and 131 storey Burj Azizi.

And recently, there was the launch of the 'Sobha Central', a six-tower cluster on SZR. It will have a whole lot of apartments as well as '250,000 square feet of lush green parks, 175,000 square feet of leasable o­ffice spaces and 160,000 square feet of retail spaces including an in-built mall', is how the developer Sobha puts it.

“Recent industry reports highlight (Dubai) Marina, JLT and surrounding corridors among Dubai’s most resilient sub-markets, recording rental yields of 7–10% and consistent capital appreciation," said Ravi Menon, Chairman of Sobha.

"Sobha Central caters to the evolving aspirations of homeowners and investors seeking long-term investment value in a vibrant, central location."

The Sheikh Zayed Road is offering up quite a lot of that...