Trump Jr, Executive Vice President of Development &
Acquisitions at the Trump Organization, has praised
the UAE real estate sector's 'can do' attitude in a
keynote address to delegates at the world's largest
international property investment and development event,
Cityscape Dubai 2006.
Arab Emirates: December 5, 2006
Speaking at the Cityscape Dubai Conference, a high profile
international forum for investors, lenders, owners,
developers, architects and designers, which takes place
alongside the Cityscape Dubai exhibition at Dubai International
Exhibition Centre (DIEC) until 6th December, Trump warned
that developing property markets should develop strategies
to attract high net-worth investors if success is to
the expectations of global investors is an issue many
analysts regard as crucial to the long-term aspirations
of the Middle East property market. According to industry
experts, owners and developers must understand the mindset
of prospective international investors and offer unique
and attractive real estate developments in a secure
say 'If you can build in New York, you can build anywhere.'
It's not true. The emerging world is different and to
have a partner who understands it is critical,' said
Trump, offering the global investor perspective as one
of 75 acclaimed international speakers at the three-day
Trump Organization, which is building its first Middle
East development, the Palm Trump International Hotel
and Tower, on Nakheel's Palm Jumeirah development, is
clearly impressed with what's happening in the Arabian
was quick to commend developers, governments and architects
in the region for their visionary approach.
you can make it work, you can do it. This is a great
way for the region to differentiate itself,' he told
delegates. 'It is an amazing thing to create something
out of the norm.'
praised the relaxed regulatory environment in the region,
the 'can do' attitude among governments, and the free
reign given to architects.
are allowing the rules to evolve rather than being stuck
with an archaic code set down 150 years ago,' he said.
'It is a pleasure as a developer to work with architects
who can see far out of the box. For me to be able to
say 'This is what I need to be successful' and then
simply to be able to do it is amazing.'
estate projects in the Arabian Gulf are limited only
by 'the imagination and the laws of physics,' Trump
was also fulsome in his praise of Cityscape Dubai 2006,
which is organised by IIR Middle East and covers a record-breaking
55,000 square metres at DIEC, with 500 exhibitors from
55 countries. In the three weeks leading up to the showcase
event, a staggering Dhs588 billion (US$160 billion)
worth of projects was announced.
has become the largest real estate event in the world
in a fairly short time. I am seeing a lot more familiar
faces from the New York real estate scene. The event
has gained great credibility. You can hear about an
event like this and it sounds great but only when you
see it do you begin to realise the scale,' he said.
Marwaha, Cityscape Group Director for organisers IIR
Middle East, said, 'Donald Trump Jr's presence at Cityscape
Dubai 2006 shows just how prominent the event has become
on the world stage. His comments from the Cityscape
platform will be heard not only in the UAE and Middle
East, but across the real estate world.'
was joined at Cityscape by his sister Ivanka and brother
Eric. The three have been charged by their real estate
legend father Donald Trump with taking the American
well as the Middle East, they are currently eyeing India,
the focus of a special session at the Cityscape Dubai
Conference, and Russia. The Trump portfolio already
includes prime real estate in the United States, including
parts of New York City.
Trump Organization's Middle East partner, Nakheel, is
a platinum sponsor for Cityscape 2006, along with Emaar
Properties, Tanmiyat Group, Aldar Properties, City of
Arabia and Dar Al Arkan. Gold sponsors include Al Tijaria,
Tameer and Saraya Holdings. Silver sponsors are Real
Capita, Sviluppolazio and Mawared.