Trump in Dubai

in Dubai, developer Nakheel and The Trump Organization have revealed their plans for The Palm Trump International Hotel and Tower; a US 400 million condo-hotel development on the Palm Jumeirah, one of three palm-shaped islands that Nakheel is building off Dubai’s coast. The development will pioneer the condo-apartment hotel concept in the region, featuring approximately 500 apartments, and each residence will have the luxury of access to five-star hotel services and amenities, including “The Trump Touch Concierge Services”. And to further underscore the relationship between luxury and margins: other properties on the 5 km-long island are already attracting a 10 to 40 percent premium (!) over the original selling price. (Trend Watching)