Trump Group & Saudi’s Dar Global Launch Game-Changing Tokenized Maldives Hotel Project
Disrupting paradise: A luxury Maldivian resort gets the blockchain treatment.
Two heavyweight players—Trump Group and Saudi Arabia's Dar Global—just dropped a bombshell in proptech. Their joint venture? A tokenized hotel development in the Maldives that could rewrite the rules of vacation ownership.
Why it matters: Tokenization isn't just for DeFi degens anymore. When traditional real estate giants start slicing assets into digital shares, even your grandma's timeshare might go on-chain. (Cue the institutional money floodgates.)
The fine print: Zero details on tokenomics—because why spoil the hype train? One thing's certain: Someone's betting that 'Trump' and 'Saudi' still move markets in 2025. (And if they're wrong? At least the Maldives location ensures good weather for burning money.)
Deloitte predicts real estate tokenization to reach $4 trillion by 2035
The Trump International Hotel Maldives will feature approximately 80 ultra-luxury beach and overwater villas and is set to open by the end of 2028.
Eric Trump, Executive Vice President of The Trump Organization, stated that they are delighted to bring the Trump brand to the Maldives with Dar Global. He noted, “This development will not only redefine luxury in the region but also set a new benchmark for innovation in real estate investment through tokenization.”
Ziad El Chaar, CEO of Dar Global, explained, “Tokenizing the development of Trump International Hotel Maldives marks a global first that blends luxury, innovation, and technology in a way that will transform how the world invests in hospitality.”
On the main page of the Dar Global website, it reveals that the company is evolving how the world invests in luxury real estate. It talks about the utilization of blockchain-powered tokenization, making access to high-value properties smarter, more flexible, and globally connected through fractional ownership.
Dar Global’s website notes that investors can trade their tokens through regulated platforms, knowing that these tokens are backed by real-world assets, with every transaction being recorded on the blockchain.
The Deloitte Center for Financial Services predicts that $4 trillion of real estate will be tokenized by 2035, increasing from less than $0.3 trillion in 2024, with a CAGR of 27%. Deloitte adds that the tokenized ownership of undeveloped land and under-construction projects is expected to reach US$50 billion by 2035, with a total market penetration rate of 0.80%.
Dar Global subsidiary tokenized its first property in Oman in 2022
In 2022, Saudi Arabian Dar Al Arkan Real Estate Developer dropped a limited number of utility NFTs (non-fungible tokens) for its Oman AIDA project.
The $1.6 billion project AIDA is the largest premium, mixed-use urban development in Oman. It is a partnership between Dar Al Arkan and the Oman Tourism Development Company (OMRAN Group) aimed at driving the development of the Gulf state’s property market and supporting the growth of Oman’s real estate sector as part of Oman Vision 2040.
Ziad El Chaar, vice chairman of Dar Al Arkan Real Estate Development, at the time noted, “We are dropping 500 NFTs in the middle of October, which are utility tokens for our project AIDA in Oman. If you are a holder of that NFT, you have a priority in booking in any launch of the project. This has a lot of value.”
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