Secret Trump penthouses go on sale only in the UAE

The Trump Organisation, one of the world's leading property developers and headed by US tycoon Donald J. Trump, on Sunday launched the sale of five penthouses in the $800 million Trump Soho Hotel in New York, exclusively in the UAE. Although the hotel itself has been launched already in New York, the five penthouses have been kept secret in order to introduce them to the UAE market.Dubai is a "strategic enclave" in the global real estate industry, according to officials speaking at the launch. The 46-storey Trump hotel condominium will be the first of its kind in downtown Manhattan when it is completed in July 2009. Trump Soho will reach a height of 480 feet and has a built-up area of 386,000 square feet. Construction is already completed up to the 42nd storey. Traditionally, we have seen people from the Middle East interested in real estate markets, mainly European, such as Milan, Paris and London. No real estate portfolio is complete without investing in real estate in Manhattan, said Rodrigo Nino, president of global real estate firm and sales organisation of Trump Soho, Prodigy International.