Trump World Golf Club Dubai

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Fast Facts

Underlying Assets: Operating agreement Location: Dubai, United Arab Emirates Contract Date: September, 2014 Reported Value: $15,000 to $50,000 Reported Income: $1 million to $5 million Reported Value: $0 Website: <a href=""></a>

Deal Details

Trump was appointed to manage a second golf course under development in Dubai in September of 2014. The golf course is owned by Damac, the same company and part of the same development as <a href="">Trump International Golf Club</a> in Dubai.

Damac Properties plans to develop a second golf course in Dubai with the Trump Organisation. The Trump World Golf Club Dubai will be part of the developer’s new 55 million square feet master development, Akoya Oxygen in Dubailand. It is the second development for the Trump Organisation in Dubai, following the Trump International Golf Club announced in May 2013 on the same development. It is the 18th Trump golf course to be developed. (The National, <a href="">September 20, 2014)</a>

We suspect that this golf club will be managed through Trump's corporate entity "DT Dubai II Golf Manager LLC," though this is an educated guess rather than a proven fact. The golf course is being designed by Tiger Woods and had not yet opened to the public as of February, 2017.

Damac has a second resort under development, the Trump World Golf Club Dubai, which is being designed by golfer Tiger Woods. Damac paid Trump as much as $10 million in 2015 and the first part of 2016, according to his financial disclosure filed in May. (Bloomberg, <a href="">February 18, 2017</a>)

Income Details

Trump reported income between $1,000,000 and $5,000,000 for DT Dubai Golf Manager LLC in <a href="">2015</a> and <a href="">2016.</a> DT Dubai Golf Manager II had income between $1 million and $5 million. DT Dubai Golf Manager II reported a management deal with "Frontline Investment Management Co LLC (an affiliate of DAMAC)".

Ownership Structure

DT Golf Manager LLC:

99% owned by Donald J. Trump
1% owned by DT Dubai Golf Manager Member Corp
100% owned by Donald J. Trump

(Trump's <a href="">2016 Financial Disclosure</a>)

DT Dubai II Golf Manager LLC:

99% owned by Donald J. Trump
1% owned by DT Dubai II Golf Manager Member Corp
100% owned by Donald J. Trump

(Trump's <a href="">2016 Financial Disclosure</a>)

Trump also reported a license deal with DAMAC Crescent Properties LLC held by a company named DT Marks Dubai LLC. That company had a reported value between $1,000 and $15,000 and reported income less than $200.

DT Marks Dubai LLC

1% owned by DT Marks Dubai Member Corp
100% owned by Donald J. Trump
99% owned by Donald J. Trump

(Trump's <a href="">2016 Financial Disclosure</a>)

Developed on Land Formerly Owned by Dubai Government

Trump's business partner in Dubai is a developer named Hussain Sajwani. The Akoya project is being developed on land that was sold to Sajwani by the government of Dubain in 2012.

When Donald Trump called last December for banning Muslims from entering the United States, Hussain Sajwani knew he had to sit tight. The Dubai real estate tycoon was overseeing a project grandiose even by Dubai's extravagant standards. Set on 964 acres, Sajwani's new Akoya community, about a 15-minute drive from the heart of Dubai, will feature lavish villas, mansions, apartments and its own retail center. The centerpiece of the gated property is a golf course bearing the Trump name--a name long associated with success in the Arab world. "We made a deal with Trump as an organization; they know how to run golf courses,"shrugs Sajwani."We stay away from politics." […] By 2011, while other builders were still cautious from the crisis, Sajwani began preparing for his next Dubai project, something far bigger than he had ever attempted. In October 2012 he struck a deal with the government to buy the land for what eventually became the Akoya. The purchase price for the land: $350 million, payable in installments. The first residents have begun to move in, though construction is expected to continue for four more years. (Forbes, <a href="">March 21, 2016</a>)