Latest news with #luxuryproperty
Yahoo
3 days ago
- Business
- Yahoo
Betterhomes Reports Dubai Residential Property Market Remains a Global Magnet in H1 2025 with Sales Surging
DUBAI, UAE, July 23, 2025 /PRNewswire/ -- Dubai's residential real estate market continues to defy global headwinds, delivering another record-breaking performance in the first half of 2025. According to the newly released Shaping Skylines Q2 2025 Dubai Residential Real Estate Market Report by Betterhomes, total residential sales reached AED 151.8 billion, a 46% year-on-year increase in value and a 25% rise in transaction volumes, with 50,485 units sold. The report highlights Dubai's continued ascent as one of the world's most dynamic real estate destinations, supported by a growing population seeking Dubai homes for sale, investor-friendly legislation, and a robust development pipeline. Momentum Continues Across Segments Compared to Q1, residential sales grew 33% in value and 19% in volume, underlining strong market momentum. The prime residential segment recorded a new benchmark with 1,417 luxury transactions in Q2, a 67% quarter-on-quarter jump and a 113% increase year-on-year which confirms a rising global appeal of luxury off-plan property for sale in Dubai among ultra-high-net-worth buyers. "Q3 is shaping up to be an exciting phase for Dubai's property market," said Christopher Cina, Director of Sales at Betterhomes. "With around 20,000 new units already delivered and another 70,000 expected by year-end, the city is well-positioned to meet rising demand from investors and end-users alike." Supply Expands, Prices Hold Strong Dubai saw over 20,000 new units delivered in H1 2025, with Jumeirah Village Circle (JVC) leading completions at 20%, followed by Sobha Hartland (11%) and Mohammed Bin Rashid City (8%). Looking ahead, over 200,000 new units are projected through 2027 reflecting developer confidence in Dubai's long-term growth. Despite the influx of supply, average property prices continue to rise, reaching AED 1,582 per square foot, a 6% increase from H2 2024 and up 3% from Q1 2025. Prices are now 18% higher year-on-year and 90% above the pandemic-era low of AED 833 per square foot. Investor Activity and Cash Deals on the Rise The report also revealed a strong resurgence in investor activity, with investors accounting for 58% of all transactions in Q2, up from 50% in Q1. Meanwhile, end-user activity dropped to 42%, as buyers sought rental income and capital appreciation in a high-demand market. Cash buyers dominated the market in Q2, representing 52% of transactions, up from 42% in Q1. Mortgage deals fell to 48%, indicating an increasingly liquid buyer base, driven by high-net-worth individuals and international investors seeking swift deal closures. Global Buyer Shifts Reflect Dubai's Expanding Reach The UK overtook India to become the leading buyer nationality in Q2, driven by a 56% quarterly surge in transactions. India and Pakistan retained second and third positions, respectively, while Poland made its debut in the top five. Notably, Russia dropped out of the top 10 for the first time, with Ireland climbing to sixth. As Dubai continues to draw global interest, particularly from European buyers, its property market stands firm as one of the most attractive and resilient investment destinations worldwide. View original content: SOURCE Betterhomes 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
News.com.au
23-07-2025
- Business
- News.com.au
Luxury home up for grabs with massive 16-car garage
There will be no moving the Camira and the Torana to get to the Commodore in this luxury property on the market in Brisbane – there's plenty of space for all the classics in the 16-car basement garage with service pit and workshop. Sitting below the suspended concrete slab of a sprawling six-bedroom, dual living home at 62 Norfolk Pl, Wishart, the basement garage covers 423 sqm. It has painted concrete floors, an abundance of power points to allow for trickle charging and plenty of lighting throughout. There is a separate workshop area with service pit and roller door, a second workshop space, a bathroom and a stainless steel bench with sink – perfect for washing parts. With plumbing already on this lower level, it would be easy to add a kitchen or laundry. Internal stairs lead up to the oversized three-car garage attached to the house with access to both the granny flat and main home. On the market through Andy Guo and Jess Chia of Place Sunnybank, the home is for sale via expressions of interest. 'This is one of those truly unique homes,' Ms Chia said. 'It's not your typical, standard Wishart house.' Ms Chia said not only did the huge garage separate the property from others on the market, so too did the 1000 sqm block, executive home, granny flat and two-street access. 'One access is from the main road and the other is from the cul-de-sac in Norfolk Pl, which is in one of the best areas of Wishart,' she said. The main house has a huge open plan living area with soaring ceilings, a chef's kitchen, and a master suite with luxury ensuite and private patio. There is a built-in wood fire pizza oven in the outdoor kitchen, while a central courtyard has an automated electric louvre roof that responds to weather. The granny flat has a full kitchen, living and dining space plus a laundry, walk-in robe and bathroom. 'The granny flat has literally been built for granny,' Ms Chia said. 'There is not a single step in the space and it is completely wheelchair accessible.' Ms Chia said the property had been generating strong interest from a range of buyers. 'The phones have not stopped ringing for this one,' she said. 'We've had enquiries from families, people who have thought about running a small business from the garage and car collectors. 'One potential buyer has a collection of about 10 cars and this garage would mean he could bring them all home. 'In the middle of the night he can come downstairs and work on his car rather go to a garage off site.'
Daily Mail
23-07-2025
- Entertainment
- Daily Mail
Bette Davis' old home on Maine coast is set to be state's most expensive ever after listing for enormous sum
A stunning estate on Maine 's coast is set to be one of the most expensive properties ever sold in the state. The five–bedroom, six–bathroom coastal property looks like it jumped straight out of a movie set – but its ties to the big screen actually come from the estate's previous owner. Indeed, the $15 million property, which sits on Cape Elizabeth, once belonged to world famous actress Bette Davis. Davis was a renowned American actress during the 1930s and 40s who passed away in 1989. She was respected for her willingness to portray unsympathetic and sardonic characters, pushing boundaries and challenging the traditional female roles of her era. Best known for classic movies like All About Eve and Dark Victory, Davis received 11 Oscar nominations for Best Actress and won two awards for her performances in the films Dangerous and Jezebel. The late actress's former home, if sold for its asking price, will be the second most pricey residential property ever to be sold in Maine. Only seven homes in Maine have ever been publicly listed and sold for more than $10 million, and all of them were in the Mount Desert Island region – which is almost 200 miles away from Cumberland County, where Cape Elizabeth is located. The 7,600 square feet boasts quintessential East Coast property features, such as balconies, porches and ocean views from every room. Davis's former oceanfront estate, often known as 'Seascape' or 'Witch Way', sprawls across eight acres – with 1,200 feet of granite coastline and a secluded rocky beach. If sold for its asking price, the actress's former five–bedroom, six–bathroom home - which she purchased with her then-husband Gary Merrill (pictured with Davis) - will be the second most pricey residential property ever to be sold in Maine The main house on the historic estate, which was built in 2002, has elegant hardwood floors, custom millwork and multiple fireplaces. There is also a guest house with two bedrooms, two baths and a balcony. Upon entering the home through the classic Cape Cod–style entrance, there is a spacious entryway with a wooden spiral staircase. Further into the house is a magnificent kitchen, fitted with cream cabinetry, marble countertops, six panel windows and a glass door which natural light seeps through, providing the cooking area with lightness. The kitchen island doubles as a breakfast bar, and there is plenty of room for a dining table in the open–plan kitchen area. Next is the living room, fitted with cozy grey carpets, a stone fireplace and more windows – this time, floor–to–ceiling. There is a large dining room with gorgeous French windows, fit to host big gatherings and dinner parties, followed by another living area. The house also features an elegant office area, decked out in wood paneling and matching cupboards. The office also flaunts another of the home's many fireplaces. Each of the bedrooms are spacious and bright, with breathtaking views of the Atlantic Ocean and perfect finishes. A classic East Coast patio with white pillars and wood floors offers a cozy outdoor seating area surrounded by manicured lawns and luscious greenery. Davis purchased the estate with her husband Gary Merrill in the 1950s. According to Sotheby's International Realty - who are selling the property - Merrill formed a hockey team that played on the property pond. His team was called Merrill's Marauders. 'Gary also lobstered off the back yard. He said the best times in his life had been spent with Bette and their children at Witch Way,' Sotheby's added. Davis and Merrill's son, Boston lawyer Michael Merrill, described the house to Portland Monthly magazine in 2014, saying there were 'two coves, a large front lawn, a barn, an enclosed area for goats and other farm animals and horses, vegetable gardens, berry bushes and a pond.' After the couple divorced in 1960s, the property was passed through multiple owners and was last sold in 2016 for $3.75million. The carriage house transferred in a separate off-market deal for $1.45 million.
The National
22-07-2025
- Business
- The National
Why Abu Dhabi is becoming more attractive for millionaire investors
Millionaire investors are looking towards Abu Dhabi for long-term investments, according to government data that shows the capital is home to the highest number of luxury property on sale in the UAE. Analysis by real estate developers Bloom Holding found the highest property price growth between 2020 and 2025 was in Abu Dhabi, with the capital having 352 homes for sale valued above $1 million, compared with 343 in Dubai. Abu Dhabi recorded year-on-year growth of 202 per cent in the last five years, with 8,490 properties on sale increasing in value. The capital has 352 homes for sale valued above $1 million, compared with 343 in Dubai. Low taxes and substantial sovereign wealth, along with high living standards, were cited as significant factors in attracting ultra-high-net-worth individuals to choose Abu Dhabi for long-term property investments. Out of the top ten areas in the Emirates reporting the most significant five-year price growth, seven are in Abu Dhabi. While Naseem Villas in Sharjah recorded the highest national property price growth with a staggering increase of 243.27 per cent, Abu Dhabi has two areas in the top three. The first is Remah in Al Ain, which is ranked second with a 241.62 per cent increase, while Zone 12 in Mohamed Bin Zayed City follows in third with 237.90 per cent. A bright future Asad Khan, chief executive of Invest Dubai Real Estate, said Abu Dhabi is becoming a more attractive option for investors. 'With all the government bodies based there, as well as sectors like technology, healthcare, finance and renewable energy all setting up, the bigger players are coming into Abu Dhabi,' he said. 'There's a lot of investment coming into the area, not only from the government but also from the private sector. 'I feel that the future is very, very strong in terms that the entry price is a lot lower in Abu Dhabi – even within the luxury market.' According to the Bloom Holding report that analyses data from online property portals and the Dubai Land Department, Umm Al Quwain has the most expensive average property price in the country at $619 per square metre, followed closely by Dubai at $450 per square metre. 'Abu Dhabi is getting more people coming into that space only because, the entry price is a lot lower,' said Mr Khan. 'You're getting a lot more for your money, both on the commercial side and also on the residential side.' The most expensive place to live, however, is in Abu Dhabi – with Zone 8 of Mohamed Bin Zayed City taking top spot. The capital also has two areas in the top three for property growth. The first is Remah in Al Ain, which is ranked second with a 241.62 per cent increase, followed by Zone 12 in Mohamed Bin Zayed City, which follows in third with a rise of 237.90 per cent. Properties in Al Muroor, Abu Dhabi, have the most million-dollar listings in the UAE, followed by homes in Sheikh Khalifa Bin Zayed Street. Mushrif Villas and Seashore Villas in Rabdan are the other areas in the emirate with the most luxury properties up for sale. One UAE resident looking to invest in Abu Dhabi is Kevin Goodall, who lives in Dubai with his wife and four sons. Mr Goodall sold his IT business last February and moved to Dubai to rent a family villa in Arabian Ranches in August. He has already purchased off-plan in a luxury development in Dubai, but is now looking towards Abu Dhabi for opportunities. 'I will probably be looking to invest around Yas Island or anywhere near where Disneyland is being proposed,' he said. 'Investing in Abu Dhabi is more of a diversification tactic. Obviously it is very different to Dubai, and they've both got very different appeal. 'There are a lot of attractions there like the F1, theme parks and Disney which is definitely appealing. Investing there is more a strategic tactic.' Population growth In a decade, Abu Dhabi's population has grown 51 per cent, rising from 2.7 million in 2014 to over 4.1 million in 2024. In the first three months of 2025, total real estate transactions in Abu Dhabi grew by 34.5 per cent compared with the same period in 2024, climbing from Dh18.82 billion to Dh25.3 billion. Figures from the Abu Dhabi Real Estate Centre showed the number of property deals made in that quarter increased from 5,773 to 6,896. Mortgage transactions also recorded strong growth in Abu Dhabi, reaching Dh9.8 billion through 3,077 transactions – a 49 per cent year-on-year increase. 'Abu Dhabi Vision 2030 is a comprehensive long-term plan that aims to transform the emirate into a diversified, sustainable, and globally integrated economy,' said Arun Bose, director of the International Real Estate & Investment Show that takes place in Abu Dhabi in September. 'At the heart of this vision is real estate development, which plays a pivotal role in shaping the future of urban living, economic growth, and social infrastructure. 'The strategy focuses on creating vibrant, liveable communities supported by smart infrastructure, green spaces, and world-class amenities. 'With investments pouring into mixed-use developments, waterfront districts, cultural hubs, and high-tech business zones, Abu Dhabi is positioning itself as a real estate powerhouse in the region.'
Globe and Mail
21-07-2025
- Business
- Globe and Mail
Knight Frank Launch Destination Saudi Guide to Investing in Luxury Real Estate in Saudi Arabia
Knight Frank, a global leader in real estate consultancy, proudly announces the launch of Destination Saudi Arabia, a dedicated initiative spotlighting luxury and exclusive property for sale in Saudi Arabia. With this strategic move, Knight Frank aims to further support high-net-worth investors and discerning buyers eager to capitalize on the exceptional opportunities within the Kingdom's fast-evolving real estate landscape. At the core of this initiative is Destination Saudi, a digital platform offering exclusive insights into Saudi Arabia's most promising real estate investment opportunities. Designed for both local and global audiences, the platform equips users with valuable tools to navigate the dynamic property market, from residential towers in Riyadh to beachside resorts along the Red Sea. By signing up, users gain access to a complimentary downloadable report packed with current market data, trend analysis, and expert commentary tailored to luxury property buyers. This launch is part of Knight Frank's wider vision to expand its footprint across the Middle East. With established offices and a seasoned team on the ground in Saudi Arabia, the firm provides localized knowledge, high-level advisory services, and a global perspective—essential for guiding clients through every step of the investment journey. The platform is user-friendly and updated regularly to ensure investors stay ahead of market trends and opportunities. Saudi Arabia's real estate market is undergoing a profound transformation, largely driven by Vision 2030, a national initiative aimed at economic diversification and urban development. Landmark megaprojects like NEOM, Diriyah Gate, and The Red Sea Project are reshaping the luxury landscape and attracting unprecedented levels of interest from institutional and private investors worldwide. As demand grows for premium residential offerings, mixed-use developments, and branded residences, Destination Saudi stands out as a central hub for insight and discovery. Whether buyers are focused on long-term capital appreciation, lifestyle-oriented investments, or high-yield rental properties, the platform simplifies the process of identifying and evaluating Saudi Arabia's finest real estate assets. For those looking to explore the next frontier in luxury investment, is now live, offering a trusted, data-rich, and globally connected gateway into Saudi Arabia's luxury property market. Media Contact Company Name: Knight Frank Contact Person: Faisal Khokhar Email: Send Email Country: United Arab Emirates Website:
