Luxury Real Estate
More young money enters the real estate market. A new survey by Coldwell Banker Previews International and the Luxury Institute finds that Wealthy younger buyers are driving the luxury real estate market, and they are willing to pay more than similar wealthy buyers age 55 and older. According to the survey of Americans age 21 … Read more
In August, Stawood Hotels & Resorts unveiled the largest hotel suite in the United Arab Emirates (St. Regis Saadiyat Island Resort). Two months later, the luxury hospitality group announced the debut of St. Regis Abu Dhabi – the brand’s second hotel in Abu Dhabi boasting the world’s highest suspended hotel suite. The 11,600-square foot (1,078-square … Read more
Middle East and North American investors are the major drivers of increased activity in the European commercial real estate market, according to the latest data by CBRE, quoted by arabianbusiness. The total value of commercial real estate investment activity in Europe continued to grow in Q2 2013 at six percent higher than the total for … Read more
World’s ultra wealthy population reaches all-time record. During the past year, the world’s UHNW population reached an all-time high of 199,235 individuals and a combined wealth of US$27.8 trillion, according to latest Wealth-X and UBS World Ultra Wealth Report dedicated to the most commercially significant segment today – the ultra wealthy. The total wealth … Read more
Celine Dion’s Florida mansion located in Jupiter Island was put on the market. The 5.7-acre massive home is sold “turnkey” for more than $72.5 million. The new owner will keep almost all the contents, including furniture, and will have Olivia Newton-John, Michael Jordan and Kid Rock as neighbours. As the Canadian born singer and … Read more
Château d’Hérouville, the French country house with studio (and ghosts) was birthplace of countless great 1970s albums