Eric Trump Confirms Crypto Payments Will Be Allowed for Trump Tower Dubai
Eric Trump, VP of the Trump Organization, has confirmed that crypto assets will be accepted for real estate transactions at the companys newly announced luxury development in Dubai. This $1 billion project is under development in collaboration with the London-listed Dar Global. It marks a significant move into the Middle East for the Trump brand and an institutional embrace of crypto asset payments in high-end real estate.The development will include a Trump-branded hotel, residential units, two ultra-luxury penthouses priced at Dh75 million (approximately $20.4 million), and a private clubhouse. It is located at the entrance of Downtown Dubai on Sheikh Zayed Road. Notably, the project is scheduled for completion in five years.Eric Trumps statement reflects the company's recognition of evolving buyer preferences. By accepting crypto, the Trump Organization is catering to a growing class of crypto-native investors and high-net-worth individuals seeking to diversify their holdings into hard assets like premium real estate.Moreover, accepting crypto in this real estate venture further deepens the Trump familys ties with technology. Initially a vocal critic of Bitcoin and cryptocurrencies, President Donald Trump has since shifted his stance to become one of the most prominent advocates for crypto.As president, he signed executive orders to establish Bitcoin reserves and to position the U.S. as the leading market for crypto technology.Dubais Crypto-Forward Real Estate Ecosystem Grows StrongerMeanwhile, the latest announcement aligns with Dubais positioning as a hub for real estate and crypto innovation. With favorable regulations and increasing global appeal, the city continues to attract capital from across Europe, Asia, and Africa.According to Knight Frank, Dubai saw 111 property sales above $10 million in Q1 2025, totaling $1.9 billion, and welcomed 7,200 new millionaires in 2024 alone. This contributed to the UAEs total of 130,500 dollar millionaires.
Text source: The Crypto Basic
