Eric Trump is currently in Dubai selling luxury properties and cryptocurrency. This visit occurs right before his father’s trip to Saudi Arabia, Qatar, and UAE. Trump Tower features high-end properties, while future developments are planned in the region. Furthermore, Eric and his brother manage a stake in World Liberty Financial, raising ethics questions about their business and political ties. Eric is also participating in a cryptocurrency conference addressing industry leaders.
Eric Trump has recently made his way to Dubai, engaging in efforts to market both luxury real estate and cryptocurrency ventures. This trip comes just a few weeks ahead of his father, Donald Trump’s planned visit to the Gulf region, which includes Saudi Arabia, Qatar, and the UAE. The timing of Eric’s activities seems rather strategic, to say the least, underlining the intertwining of family commerce and upcoming political engagements.
In practical terms, Eric’s focus in Dubai circles around the Trump Tower, a lavish project realised by Saudi developer Dar Global. Here, penthouses are being marketed at a staggering price of 75 million dirhams (about $20.4 million). Moreover, the complex also features more accessibly-priced apartments, with three-to four-bedroom options around five million dirhams. It’s a high-stakes market for luxury real estate.
But it doesn’t stop there; the Trump Organisation has set its sights beyond Dubai. Reports indicate plans for further developments in cities like Riyadh, Jeddah, Oman, as well as Abu Dhabi. Furthermore, they seem to be in conversation with Qatari Diar concerning an impressive golf course and villa project based in Qatar, signalling a robust regional growth strategy.
This latest movement also showcases the blurred lines between business and political interests, particularly in the less regulated realms of cryptocurrency. Eric, along with his brother Donald Trump Jr., oversees the family’s investment in World Liberty Financial. This firm, co-founded by Zach Witkoff (the son of the President’s envoy to the Middle East), is rumoured to be gaining significant traction.
In fact, Abu Dhabi’s DWF Labs recently bought $25 million worth of tokens associated with World Liberty, positioning itself as one of the enterprise’s notable stakeholders. This development raises eyebrows, especially regarding the ethics woven into these business dealings, considering the proximity to political influence.
Moreover, Eric Trump is set to speak at an upcoming cryptocurrency conference, which promises to be a gathering of key figures, including Changpeng Zhao, the CEO of Binance, which is an influential trading platform in the digital currency sector. World Liberty is planning to introduce a stablecoin on Binance, making their move a strategic pivot in crypto markets.
Interestingly, Zach Witkoff, who’s connected to the company, has recently met with Zhao in Abu Dhabi— Zhao, notably so, has a controversial past, specifically a brief prison stint for money laundering and is currently seeking presidential clemency. There are many layers at play here; it’s not just a family business, but a tangled web of interests that doesn’t always cleanly separate the entrepreneurial from the political.
