Announcement Date: August 30, 2017

Reuters reported that sales of luxury homes increased at the Trump International Golf Club – Dubai DAMAC Hills development after President Trump visited Middle Eastern leaders and business partners in May. “Definitely his visit to the region and the improvement of the relations between the GCC or the Gulf and Saudi Arabia has helped give the brand a boost,” said Hussain Sajwani, chairman of DAMAC Properties. In February, Eric Trump, executive vice president of the Trump Organization, and Donald Trump, Jr. attended the club’s opening. The Trump Organization receives a licensing fee from DAMAC for use of the brand.