The Trump Organization is finally accepting payments in cryptocurrency for its latest $1 billion development in Dubai. The move was confirmed by Eric Trump, Executive Vice President of the company, when the project was announced. It is the first time that the real estate division of the Trump brand is formally accepting digital currency as a form of payment.
Dubai Property Will Feature Penthouses And Trump Hotel
The Dubai development is being constructed in collaboration with Dar Global, a London-listed property developer. It’s situated on Sheikh Zayed Road, close to the gate of Downtown Dubai. The complex will have residential flats and a Trump-plated hotel. There are also two luxury penthouses, each valued at Dh75 million, about $20 million. A private clubhouse will form part of the complex as well.
The Trump Organization’s decision to take crypto is seen as an attempt to attract investors who already hold significant digital assets. According to reports, many of these buyers are looking for ways to convert their crypto into long-term property investments.
The @trump team, in collaboration with @dar_global proudly introduce — Trump International Hotel & Tower, Dubai.
Rising 80 stories above Sheikh Zayed Road, this landmark blends world-class hospitality, ultra-luxury residences, and The Trump, an exclusive members-only club.… pic.twitter.com/9xUMirvZ72
— The Trump Organization (@Trump) April 29, 2025
Dubai’s Real Estate Market Draws Big Spenders
Dubai remains a draw for large property transactions. Statistics from Knight Frank indicate there were 111 property deals in the city valued more than $10 million in the first quarter of 2025. The value of all such sales totaled nearly $2 billion.
The UAE is also expanding its pool of high-net-worth residents. The nation added 7,200 new millionaires in 2024 alone, according to reports. This raised the number of dollar millionaires residing in the UAE to approximately 130,500.
BTCUSD trading in the $94,900 region on the 24-hour chart: TradingView.com
Trump’s View On Crypto Has Shifted
Reports indicate that US President Donald Trump has reversed his position on cryptocurrency. He had once attacked Bitcoin, but recent information indicates he’s turned more positive. Trump has now supported executive actions to favor Bitcoin reserves and advance the US as a top destination for crypto activity.
Image: Prosperity Advisers
The increasing relationship of the Trump family with the tech world is seen in this latest step. Accepting cryptocurrency for luxury real estate provides another dimension to that transition.
Other Developers Have Already Embraced Crypto
The Trump Organization is not the first real estate developer to dip into crypto. In 2023, Bahrain’s Bin Faqeeh started accepting customers paying for property in Bitcoin and Shiba Inu via Binance Pay. Other companies such as Condos.com and Pacaso have also gone this way.
Crypto payments are extending to other sectors as well. A Scottish private school, Lomond School, began accepting Bitcoin for school fees, becoming the first in the UK to do so.
The Trump Tower Dubai project is set to complete within five years.
Featured image from The PIE News, chart from TradingView
