According to the press release, the collaboration is not only bringing the Trump brand to the Maldives but also introducing tokenization of the luxury hospitality project. The initiative tokenizes the development phase itself, offering investors the opportunity to participate in a high-growth, premium real estate project from inception. 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.

Saudi Arabian firm to tokenize Maldives hotel

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, also said the development marks the first time worldwide that luxury, innovation, and technology are blended 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 $50 billion by 2035, with a total market penetration rate of 0.80%.

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.

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The development is a lot steeper than expected, with Bloomberg’s survey showing that refiners and traders were only betting on a 50-cent cut. The new price premium sits at $2.20 a barrel above the regional benchmark, which is low, especially compared to what buyers were expecting.

Saudi Arabia announces plans to cut oil prices for Asia

This move comes after OPEC+, a group of oil producers led by Saudi Arabia and Russia, announced that it won’t back off its production hike plan. Over the weekend, they decided to increase supply through September 2026, starting with an extra 137,000 barrels per day from October.

The goal is to grab back some of the market share they lost to other global producers. The move comes as global crude prices continue to drop, with the London Brent dropping by around 12% so far this year, sitting near $66 a barrel, per data from CNBC.

OPEC+ ramps up production amid early barrel dumps

Despite talks of a possible oversupply, Saudi Arabia and its allies are determined to push ahead. What was expected to be 1.65 million barrels per day held off the market until the end of 2026 is now coming back much sooner, and it is a huge change from the typical slow, calculated rollouts the OPEC+ has historically stuck to.

UBS analysts see oil prices slipping some more, to $62 by year-end. Goldman Sachs thinks it could go as low as the low $50s next year. Yet OPEC+ isn’t showing signs of hitting the brakes. Even with the recent production hikes, Western stockpiles haven’t ballooned yet. That’s where most oil pricing benchmarks are based.

So far, there’s no massive glut, but refiners in Asia are still nervous. After two straight months of price increases, this price cut might feel like a break. Still, the margin pressure is real, and there’s fear that demand might weaken as winter kills summer travel demand in the U.S., Europe, and the Middle East.

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