Tag: Dubai
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Labour Tax Fears Spooking London’s Super Rich Homebuyers
Are Labour’s tax plans scaring off wealthy homebuyers? A new report suggests that London’s luxury property market is cooling down, with some investors choosing to park their cash elsewhere. A recent survey by Beauchamp Estates has revealed that sales of ultra-prime properties in central London (those worth over £15 million) have taken a dip. Here’s…
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Dubai Dreaming – A UK National’s Guide to Buying Property in the UAE
Dubai’s property market is buzzing, drawing British buyers with its no-tax perks and year-round sunshine. But what does it really take to buy a home in this bustling desert metropolis? A new guide in The Telegraph looks into everything from choosing the right broker to navigating financial requirements, helping you make informed decisions. Dubai isn’t…
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New Investment Service Tailored for the Wealthiest
UK Sotheby’s International Realty, a name synonymous with luxury property, has recently unveiled its latest endeavor tailored exclusively for the world’s wealthiest individuals. The new service, named The Family Office, is designed to cater specifically to global ultra-high-net-worth (UHNW) individuals and multi-family offices, offering them unparalleled access to some of the most desirable properties on…
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Dubai’s Luxury Housing Market Continues to Attract Global Billionaires
In the first quarter of the year, Dubai has seen an increase in the sales of high-end homes, with properties worth $10 million or more experiencing a 6% rise compared to the same period last year. This rise underscores the continuing allure of Dubai as a hotspot for the international ultra-rich. A report released by…
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London’s Super-Prime Property Market Braces for a Dip
London’s high-end property market, known for its luxurious and exclusive real estate, is facing a slowdown in sales, signaling a significant shift in the global property landscape. This comes amid a broader downturn in residential sales worldwide, raising concerns among investors and homeowners alike. Here’s a breakdown of what’s happening and what it means for…
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Global Luxury Property Prices Rise
Recent data from Knight Frank reveals that the average annual price growth in prime global city markets has seen a slight uptick, registering at 2.1% in Q3 2023. This figure marks a significant rebound from the 0.2% low experienced in the first quarter of the year. This increase suggests that the global housing markets, including…
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London vs. World Capitals: The Prime Property Showdown
When it comes to luxurious homes, cities like London, New York, and Paris are always in the limelight. How do these iconic capitals stack up in the property market right now? Knight Frank’s latest Prime Global Cities Index provides some clues. London’s Prime Properties: The Current State London has seen a slight dip in its…
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Profits from Dubai Luxury Home Boom Reach $1.6 Billion
Dubai witnessed a surge in home sales during the third quarter this year. According to a report from property consultancy Knight Frank, sales of homes with a value exceeding $10 million ballooned to around $1.6 billion. This figure indicates a significant increase from the $1.13 billion seen during the same period last year. This upward…
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Investing in Holiday Lets – How to Get Started
Are you considering diving into the world of holiday lets? With the surge in staycations and the changing property landscape, now might be the right time to invest. But, where do you start? The Telegraph has a quick guide, to break it down, step by step. The Rising Tide of Holiday Lets Holiday lets have…
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Luxury Property not Immune from the Slump
Recent findings from the Knight Frank Global Super-Prime Intelligence Report have cast an intriguing spotlight on the current state of the luxury property sector, offering key insights that both seasoned investors and novices can learn from. The Bigger Picture: Global Property Transactions in Flux Knight Frank’s comprehensive study focuses on global super-prime property transactions, specifically…