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July 18, 2008

World property investment 'tower naming' championship fight

Filed under: Real estate news and opinion — Mark Pollak @ 12:36 pm

Ring Girl
Creative Commons License photo credit: craighwk
“Trump always insists on having the Trump name alone, but I’m insisting on having Trump next to Hydra… because I feel that Hydra is not less than Trump.”

This bizarre quote comes from an interview in UAE newspaper, the National, with a property investment mogul who can politely be described as a little eccentric.

Sulaiman al Fahim, the chief executive and one-man marketing machine of Abu Dhabi-based international developer Hydra Properties, is engaged in negotiations with Donald Trump to build a tower on Reem Island in Abu Dhabi, the paper says.

‘We don’t do small’

Not much has been revealed about the mixed-use residential and hotel tower, not the number of apartments, the cost or the height, our one clue is “it’s a huge tower, not a normal tower…with Trump we don’t do small towers.” We wait with baited breath.

They’ve hit a snag though, both property tycoons want to be top dog and can’t agree on a the name for the development, hence the enlightening National quote above.

Is Donald about to be Trumped?

Trump better watch out though, Dr Fahim also told the publication:

“I wish that people would appreciate the ideas I come up with, but I always feel like I’m a kind of bulldozer, a fully insured bulldozer that if nobody likes it, it starts moving – even if there are cars in its way, it has to crush the cars and move. I can’t stop. If I have an idea, I have to do it.”

Ouch. Has everyone’s favourite property developer finally met his match?

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