May 5, 2018

Another dubious Trump real estate deal

Guardian - The government of Qatar bought a $6.5m apartment in one of Donald Trump’s New York towers soon after the dismissal of a lawsuit that tried to stop the president benefiting from such deals.

Qatar’s mission to the United Nations signed a deal for the condominium at Trump World Tower on 17 January, according to city records. The purchase means that the Middle Eastern state now owns four units in the building, for which it paid $16.5m.

Qatar’s new acquisition at Trump World Tower, which is in Manhattan’s Midtown East section, coincided with an intense lobbying campaign in Washington by the Qatari government amid a regional crisis that has pitted the Gulf monarchy against Saudi Arabia and the United Arab Emirates. 

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