The Trump Organization announced a new licensing agreement with Dar Global, a London-based developer, to brand two luxury real estate projects in Riyadh, Saudi Arabia. This follows previous successful collaborations in Oman and other international locations. The deal, finalized weeks before the President-elect’s return to office, adds to the Trump Organization’s extensive portfolio of international real estate ventures. The partnership comes amidst previous scrutiny regarding the Trump family’s relationships with Saudi officials.
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As a real estate investor, the recent news of a fellow investor deciding to discontinue working in NYC over the Trump verdict and eyeing Florida and Texas as potential new locations has sparked some personal reflections. The sentiment expressed by this individual, possibly fearing the repercussions of illegal financial dealings being prosecuted in the city, sheds light on the unease that some in the industry may be feeling.
It is interesting to note the reactions and comments from various individuals regarding this decision. From labeling the investor as a con artist to questioning their integrity and affiliations, the polarizing opinions on this matter highlight the complexity of the real estate industry and the individuals involved in it.… Continue reading