Trump Tower Delayed
Work on the Trump International Hotel and Tower on Palm Jumeirah, Dubai, has been stopped and the project delayed indefinitely. Nakheel, the Dubai-government owned developer, announced the delay on this and several other flagship projects on Sunday.
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Donald Trump announced his latest property offering on Monday – A $1 billion Hotel Tower Complex on Palm Jumeirah, Dubai– The Penthouse is expected to reach $30 million
The project will be a joint venture between Mr. Trump and Dubai developer, Nakheel, responsible for the World Islands development. The Tower will be built on Palm Jumeirah, the first among the Palm trilogy, and has sparked a great deal of interest from early investors, with prices quickly reaching $3,000 per square foot, making it one of the most expensive developments in Dubai. This despite the fact that public sales were only opened yesterday.
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