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How Indians have become the largest non-Arab investors in Dubai’s real estate

Dubai: The Burj Khalifa’s record as the world’s tallest building is well known. Not so well known is its connection with India. Indians own the most number of apartments in the building, which has more than 160 stories and a height of over 828 metres. BR Shetty, an Indian industrialist based in the United Arab Emirates (UAE), […]

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Monaco Enjoying Record Residential Sales, Post 2007 Peak

It’s good times again in Monaco. On the heels of last weekend’s exciting F1 Monaco Grand Prix, there is yet another reason to celebrate in the small principality – real estate sales. According to international real estate advisor Savills’ Spotlight on Monaco Report, Monaco is experienced a significant surge in residential market activity in 2014 […]

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Hong Kong 3-Acre Residential Lot Sells for Record $654 Million

Hong Kong continues to set record property sale prices. Today, International real estate consultancy Savills announced that it has concluded the land sale of 75 Peak Road at HK$5.1 billion ($654 million USD), the largest deal in Hong Kong private residential market ever in history. This rare huge site on the peak, also known as […]

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Miami Ranks Six in Top 40 Most Important Global Cities for Super Wealthy

According to Knight Frank’s new Global Wealth Report for 2015, London is still the most important global city for the world’s ultra-high-net-worth individual (UHNWI), followed by New York and Hong Kong, but changing fortunes across the global over the past 12 months has seen Hong Kong and Singapore continue to slug it out for pole position […]

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Cuba’s Next Revolution: Real Estate

In Cuba, 220 miles south of Miami, real estate is considered hotter than any other commodity on the world market today. But most Americans and foreigners so far are mostly shut out of this potentially lucrative product. That’s because Raul Castro, President since 2006, has become an ardent pro-business advocate in a Communist country. He […]

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Upscale Lifestyle Driving Global Property Investment for UAE’s Wealthy

Middle East real estate consultant Cluttons new research has revealed that a cosmopolitan lifestyle is expected to be among one of the main factors that influence the selection of a real estate investment destinations for Middle East buyers in 2015. Cluttons extrapolated the results from its most recent International Private Capital Survey to examine the […]

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World’s Ultra Wealthy Own $3 Trillion of Owner-Occupied Luxury Properties

According to a new report by Wealth-X and the Sotheby’s International Realty, nearly US$3 trillion of the world’s private wealth is held in owner-occupied residential properties, a value greater than the GDP of India. There are 211,275 ultra-high net worth (UHNW) individuals – defined as those with US$30 million and above in net assets – […]

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Housing sales improving; full recovery in next fiscal: CREDAI

NEW DELHI: Housing sales have started showing signs of improvement but full recovery is expected only in the next financial year, realtors’ apex body CREDAI said today. Amid rising consumer complaints, CREDAI asked aggrieved home buyers to first approach the industry body’s Consumer Grievance Redressal Forum to resolve the matter.”Housing sales have started to improve. Transaction are […]

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Godrej Properties sells entire launched inventory at Godrej Icon in Gurgaon

Godrej Properties has announced that it has sold over 200 apartments, with an area over 400,000 sq. ft. in just three weeks at the launch of its residential project, Godrej Icon, in Sector 89A/88A, Gurgaon. Spread over 9 acres, Godrej Icon consists of 9 towers including a 32 storey Iconic tower. Godrej Icon will offer various amenities […]

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Ritz-Carlton Residences Waikiki Beach Breaks Ground on New Tower

Real estate development firm, Irongate, has broken ground on the second tower of The Ritz-Carlton Residences, Waikiki Beach and launched the final phase of sales at the luxury residential community. Penthouse Lanai The development is approaching 90 percent sold since it hit the market in the summer of 2013. The final phase is now selling […]

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