Leading property developer Damac Properties said that it would work with Donald Trump, the American real estate mogul, to build new golf course in Dubai, which would further add to growing list of project announcements in the emirate.
The developers in Dubai are reviving stalled projects and announcing new ones, as the real estate market in the emirate recovers gradually following the real estate crash by 50 percent in 2008.
The Trump International Golf Club in Dubai will come up at the heart of Damac’s 28 million square foot development called ‘Akoya’ by Damac. The construction is already underway and the course will be ready by next year.
Damac further said that it will be the owner and developer of the property and the property will be named ‘Trump’, as per the terms of a management agreement.
Donald Trump had earlier cancelled its previous foray into real estate market in Dubai, a project to build an international hotel tower on the Palm Jumeirah in Dubai, following the property downturn in the emirate.
Ever-since its establishment in 2002, Damac has already completed 37 buildings and has another 66 under construction across the MENA region.