Dar Global, a Saudi developer, is set to revolutionize funding strategies for its Maldives Trump-branded resort. The company plans to tokenize up to 70% of the project’s estimated $300 million value, attracting U.S. investors through SEC discussions and blockchain-based sales. This novel approach will enable exposure to the early stages of development while aligning with internal financing goals.
Ziad El Chaar, CEO of Dar Global, explained that this tokenization strategy will cover the construction phase, not the completed resort. The plan allows investors to join at the beginning and potentially see a high return on investment as the project progresses. This model differs from traditional real estate models which rely on finished properties.
The company expects strong investor interest in this project due to its substantial valuation. Located about 25 minutes from Malé by speedboat, the resort will feature approximately 80 villas across both beach and overwater sections. The project is slated for completion in late 2028.
Furthermore, Dar Global actively engages with the U.S. Securities and Exchange Commission (SEC) to ensure smooth regulatory steps for this token sale and facilitate access for U.S. retail investors. The Trump Organization plays a key role through its branded partnership. Eric Trump commented that this development introduces a new investment format in the region, while both organizations continue working on refining the financing structure.
This initiative underscores Dar Global’s commitment to innovation across various projects, including several active ventures with the Trump Organization in Dubai and luxury residential developments and golf estates. The Maldives project exemplifies a forward-thinking approach using tokenization for future projects if successful.