Their News [Archives:2008/1168/Local News]

June 30 2008

Donald Trump brings New York real estate to the UAE

On Tuesday, the Trump Organization, one of the world's leading property developers, launches the sales of penthouses in the Trump Soho Hotel Condominium New York exclusively in the UAE.

The Trump SoHo Hotel Condominium project started sales in September last year and this exclusive property is the only luxury hotel condominium in Manhattan's fashionable SoHo neighbourhood. A hotel condominium provides a unique opportunity to own a unit in a hotel which can be rented out to guests when not occupied by the owner. They are an ideal solution for international buyers who live away from New York but want a familiar place to stay when there. The hotel is due to open next summer.

Donald J. Trump, CEO of the Trump Organization, comments:

“Last week I had the honour of globally launching Trump International Hotel & Tower Dubai, currently being built on Palm Jumeirah. With The Trump Organization's continued growth throughout the Middle East, we thought it was only fitting to bring sales of our unique Trump SoHo penthouses to the UAE. Our penthouses are the most desirable places to stay in New York City, and will provide one of the most luxurious hotel experiences available anywhere in the world.”

Prodigy International's President, Rodrigo Nino comments:

“There is a great desire among sophisticated Arabic buyers to invest in Manhattan. As they have already a strong participation in the real estate markets of London and other capitals in Europe, they want to consolidate their presence around the world by incorporating New York to their portfolio.”

Of the 400 hotel condominium units, there will be 141 deluxe suites, 253 studio suites, five penthouse suites and one Presidential Suite. Some studios and deluxe suites can be combined to create luxurious two bedroom suites. Units will range in size from approximately 422 to 905 square feet with expansive penthouses and the Presidential Suite on the three highest floors. Owners will be able to choose from a range of panoramic views including the Hudson River, Statue of Liberty, Empire State Building and the Manhattan skyline.

Leading global real estate firm, Prodigy International, is the exclusive sales and marketing organization for Trump SoHo Hotel Condominium. Prodigy International has an impressive track record of driving sophisticated international buyers to the most exclusive properties in New York, Miami, Dominican Republic, Panama, Mexico and Costa Rica, through a global network of brokers from locations around the world.

Kgia successfully completes its first full year

The Khalil Gibran International Academy completed its inaugural year on Thursday, June 26, 2008. Overcoming numerous challenges, including inadequate physical space and constant media scrutiny, the students did well in their first year and results from city-wide acuity tests show a steady increase in student achievement.

“No one would deny that there have been some challenges to overcome in the first year