The new penthouse of the 62-story Trump International Hotel & Tower on Palm Jumeirah in Dubai is expected to sell for $790 million
Breaking property records is one thing, but when the property happens to be in Dubai, it's another ball game entirely. The AED 2.9 billion (around USD$790 million) contract for the construction of the spectacular 62 storey tall Trump International Hotel & Tower on Palm Jumeirah was announced earlier this month and with 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.
To be constructed in a joint venture between Al Habtoor/Murray & Roberts, the Tower will be the centerpiece of the 560 hectare Palm Jumeirah which is among the world's largest man-made islands (the nearby The Palm Jebel Ali and The Palm Deira the only bigger ones). To put the scale of this construction in perspective, 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!
The stainless steel and glass Trump International Hotel & Tower will straddle the center line of Palm Jumeirah, offering residents and guests panoramic views of the Arabian Gulf in an ultra-luxurious setting. The jewel in this crown will be the two expansive penthouse residences designed by renowned architect Kelly Hoppen. The Tower total of 399 freehold residential apartments will range in size from 890 to 7,500 square feet with options in one, two, three and four bedrooms and the the long list of high-end trappings includes interior design Restaurant-Designer-Adam-D-Tihany by BBG—BBGM, Norman Foster Architects-Design-Products bathtubs, Boffi kitchens, Gaggenau appliances and complete home automation...not to mention the three-story private Beach Club and adjacent super-yacht marina offering 70 slips with provisions for 30-150 meter vessels.