Set to be completed in 2029, the 47-story Trump Tower project in Dubai is taking shape along the bustling Sheikh Zayed Road.
Future residents will have several purchasing options, with four-bedroom units expected to start at around $1 million and penthouses potentially reaching up to $20.4 million.
In a recent statement to The National, a UAE-based publication, Eric Trump confirmed that the Trump Organization will accept cryptocurrency payments for these properties. According to Trump, Dubai’s property market is poised for further explosive growth, and the new development aims to redefine luxury and price benchmarks across the city.
The decision to embrace digital currency payments could play a pivotal role in pushing crypto adoption within real estate. Although cryptocurrency transactions for property sales began surfacing as early as 2022, they have remained relatively niche. High-profile projects like Trump Tower Dubai could now help bring this trend closer to the mainstream.
Eric Trump had first revealed plans for the tower through a December 11, 2024 post on X, sharing that the organization would be investing $1 billion into the Dubai market.
Thanks to the evolution of the crypto landscape, especially the increasing stability offered by stablecoins, one of the biggest hurdles — price volatility — has largely been addressed, paving the way for digital assets to become a more practical choice in real estate deals.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/trump-tower-dubai-to-accept-crypto-payments/