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Dracaena marginata, more commonly known as a dragon tree, is an attractive plant with green sword-like, red-edged leaves. Native to Madagascar, the eye-catching spiky tree is known as a great entry plant for household gardeners—it's easy to care for, drought-tolerant, and nearly indestructible. The slow-growing plant can be planted year-round and boasts tiny white flowers in the spring. This small tree will grow to about 20 feet in warm outdoor climates, but it is generally grown as a potted houseplant and kept pruned to 6 feet or less.dragon trees are very popular as large potted plants for homes and offices. it's easy to over-water the dragon tree. To ensure you don't drown it, wait until the top half of the soil is dry before watering.