logo
DAR GLOBAL AND THE TRUMP ORGANIZATION'S NEW DUBAI ICON, TRUMP INTERNATIONAL HOTEL & TOWER, DUBAI — HOME TO THE WORLD'S HIGHEST OUTDOOR POOL — ATTRACTS GLOBAL INVESTORS

DAR GLOBAL AND THE TRUMP ORGANIZATION'S NEW DUBAI ICON, TRUMP INTERNATIONAL HOTEL & TOWER, DUBAI — HOME TO THE WORLD'S HIGHEST OUTDOOR POOL — ATTRACTS GLOBAL INVESTORS

Korea Herald14-05-2025
DUBAI, UAE, May 14, 2025 /PRNewswire/ -- Dar Global, the London-listed luxury real estate developer, and The Trump Organization have confirmed unprecedented global interest in the Middle East's first and only Trump International Hotel & Tower, Dubai, reinforcing the confidence of investors and buyers in the region's long-term growth potential.
The recently launched landmark project, set along Sheikh Zayed road at the entrance of Downtown Dubai with exclusive views to Burj Khalifa and the sea, represents the fifth collaboration between Dar Global and the Trump Organization. This new icon builds on the success of developments such as Trump Tower Jeddah in Saudi Arabia and Trump International Golf Club and Hotel in AIDA, Oman's most luxurious beach master community.
Trump International Hotel & Tower, Dubai blends world-class hospitality with exclusive residential offerings. Occupying 80 floors at 350m, Trump International Hotel & Tower, Dubai presents lavish hospitality offerings comprising exquisite rooms and suites, private lounges, personalized service, and world-class amenities for guests. Adding to its allure, The Trump - a private, members-only club, offers unmatched exclusivity and experience for select members. With sweeping views of the Burj Khalifa, the property will feature an exclusive resort-style pool dedicated to residents only. Furthermore, residents and guests will enjoy access to the highest outdoor pool in the world with breathtaking panoramic views.
Crowning the Tower, two distinctive penthouses with sky pools epitomize the best of design elegance and exclusivity, setting a new benchmark for luxury living in Dubai. Inspired by the legendary Trump Tower Penthouse on New York's 5th Avenue, these breathtaking duplexes boast floor-to-ceiling windows that capture sweeping views of the Dubai skyline.
Eric Trump, Executive Vice President of The Trump Organization, said: "The overwhelming response to Trump International Hotel & Tower, Dubai is a testament to our unwavering commitment to excellence, luxury and innovation. Our collaboration with Dar Global on this landmark development brings unparalleled quality and world-class amenities to Dubai's luxury market."
Ziad El Chaar, CEO of Dar Global, added: "Dubai's vibrant economy and strategic location make it a prime destination for global investment, and Dar Global recognizes this potential. The Trump International Hotel & Tower, developed alongside the Trump Organization, is perfectly positioned to capitalize on this growth, offering investors a unique opportunity to participate in Dubai's success story."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

HLB appoints Brian Kim as CEO of US subsidary Elevar Therapeutics
HLB appoints Brian Kim as CEO of US subsidary Elevar Therapeutics

Korea Herald

time4 days ago

  • Korea Herald

HLB appoints Brian Kim as CEO of US subsidary Elevar Therapeutics

Korean biopharmaceutical firm HLB said Wednesday it has appointed Brian Kim, current CEO of HLB Innovation and Verismo Therapeutics, as CEO of its US subsidiary, Elevar Therapeutics. Kim will lead all three companies concurrently. HLB said the leadership change is a strategic move to align with the skills needed at each stage of drug development, particularly as Elevar prepares to enter the commercialization phase and expand global partnerships with big pharma. Kim holds extensive experience in finance, strategic business management and biotechnology, including research in CAR-T cancer treatments and founding multiple biotech firms. A former tenured clinical professor at the University of Pennsylvania School of Dental Medicine, Kim was a founding member of Nasdaq-listed Inovio Pharmaceuticals. He has invested in various businesses, including acquiring a Kospi-listed company and elevating it into the Kospi 200 index. Kim also has invested in and led several biotech ventures in both the US and Korea. 'I feel a deep sense of responsibility taking on this role at such a pivotal moment,' Kim said. 'My focus will be on securing regulatory approval for Elevar's lead liver cancer therapy and ensuring its successful commercialization, while driving sustainable growth for the company.' HLB added that Kim's leadership will help accelerate Elevar's global business expansion and innovation in oncology therapeutics.

Poshmark names Naver investment chief as new CEO
Poshmark names Naver investment chief as new CEO

Korea Herald

time5 days ago

  • Korea Herald

Poshmark names Naver investment chief as new CEO

Poshmark, a US-based fashion resale marketplace, said Monday that co-founder and CEO Manish Chandra will step down, with Naver's investment chief Kim Nam-sun set to succeed him on Oct. 1. Kim, president of investments at Naver, has overseen the Korean internet giant's global strategic and venture capital investments. He previously served as Naver's chief financial officer before becoming executive board chairman of Poshmark in April this year. Naver acquired Poshmark in January 2023 in a $1.2 billion deal. Since then, Kim has provided the US firm with strategic guidance to improve operational efficiency and achieve business goals. Chandra led the Silicon Valley startup from its beginnings in a garage to becoming a Nasdaq-listed company with a vibrant community of over 150 million users and more than $10 billion in gross merchandise value. 'It has been the honor of a lifetime leading Team Posh,' Chandra said, expressing confidence in Kim's ability to guide the company's next chapter. Kim said he was 'honored and excited' to take on the role, adding, 'I'm committed to building upon Manish's legacy, continuing to innovate, and delivering exceptional value to the Poshmark community.'

Coupang hits record Q2 sales on loyal customers, Taiwan growth
Coupang hits record Q2 sales on loyal customers, Taiwan growth

Korea Herald

time06-08-2025

  • Korea Herald

Coupang hits record Q2 sales on loyal customers, Taiwan growth

Korean e-commerce giant Coupang reported record quarterly revenue of over $8 billion in the second quarter, swinging to a profit on solid core commerce and growing new businesses. According to the NYSE-listed firm on Wednesday, sales in the April–June period rose 19 percent on-year on an FX-neutral basis to $8.52 billion, marking its first quarter to surpass the $8 billion mark. Its profit swung into the black, with operating income reaching $149 million, up $53 million when excluding the impact of a Fair Trade Commission fine last year related to alleged search algorithm manipulation. Net profit came in at $31 million, reversing a $105 million loss from the same period a year earlier. Coupang founder and CEO Kim Bom highlighted the company's Product Commerce segment, comprising Rocket Delivery, Rocket Fresh, Rocket Growth and Marketplace, as the main driver of revenue. 'The majority of revenue growth (of Product Commerce) this quarter was driven by our existing customers, with all customer cohorts, even the most mature, demonstrating robust double-digit spending increases,' he said during the second-quarter earnings call. Coupang's Product Commerce segment saw revenue rise 17 percent to $7.33 billion, while the number of active customers climbed 10 percent to 23.9 million. According to Kim, Coupang added 500,000 new items to Rocket Delivery during the quarter, which helped boost same-day and overnight delivery volumes by more than 40 percent year-over-year. 'The Product Commerce segment (is) where we're rapidly expanding Rocket selection while continuing to redefine customer expectations around delivery speed," he added. The company's Developing Offerings segment, which includes Taiwan Rocket Delivery, Farfetch, Coupang Eats and Coupang Play, delivered $1.19 billion in revenue, a 33 percent increase from a year earlier. Among the engines of growth was Taiwan, where Coupang launched operations in 2021, bringing its hallmark Rocket Delivery and WOW membership services to market. Kim said the Taiwan delivery business is growing 'faster and stronger' than the company's optimistic forecasts, adding that second-quarter revenue rose 54 percent quarter-over-quarter. 'Year-over-year revenue growth was triple digits in the second quarter, and we expect that to be even higher in the third quarter.' The company also shared a positive outlook for continued growth in Coupang Play and Coupang Eats. For Coupang Play, it launched Sports Pass during the quarter, a new offering that provides access to a wider range of popular live sports content. Coupang Eats, the company's food delivery platform, maintained what Kim described as 'strong momentum,' thanks to curated product selection and reliable delivery speed. Still, losses widened in the growth segment. Adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, showed a loss of $235 million, an increase of $35 million from the previous year. Coupang CFO Gaurav Anand said the losses reflect increased investment tied to accelerated growth in Taiwan. 'This investment is a reflection of the increasing level of confidence we have in the near- and long-term potential for these offerings,' he said, expressing optimism about the rising pace of customer spending that is fueling further investment in Taiwan.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store