In Dubai, Donald Trump has made a big move towards establish his presence, spending AED 2.9 billion (around USD$790 million) on the construction of the spectacular 62 storey tall Trump International Hotel & Tower on Palm Jumeirah. It is rumored pre-sales of some properties fetching as much as $3000USD, real estate developer Nakheel and the Trump Organization expect that the tower’s exclusive penthouse will break property records. The 270 meter tall design which features two towers that merge at the 40th floor will include 378 hotel rooms and suites, 385 condominiums, 12 townhouses, 45,000 square feet of retail and 60,000 square feet of office space along with a private beach and super-marina. Public sales of the residences began on June 23 and Donald J. Trump himself has already reserved an apartment in the Tower which is expected to be completed in May 2011.
If the stories are to be believed, the amount of sand and rock used is enough to build a two meter high, half meter wide wall that would circle the globe three times! Well if that won’t make me purchase a property there, nothing will!
Read more at Gulf News.