Latest news with #ForbesGlobalProperties
Business Wire
3 days ago
- Business
- Business Wire
Forbes Global Properties Expands to Romania with Leading Brokerage ANG Luxury Properties
BUCHAREST, Romania--(BUSINESS WIRE)-- Forbes Global Properties, an international network of selected real estate brokerages that connects buyers and sellers to the world's most exceptional properties, is pleased to announce the addition of ANG Luxury Properties. With a deep commitment to excellence and a proven track record of successful transactions, ANG will exclusively represent the brand in Bucharest and other premier markets including Cluj, Iași, Brașov, Timișoara, and Romania's coveted Black Sea coast. Led by real estate visionaries Nicoleta and Alexandru Manea, ANG has established itself as Romania's authority in high-end real estate, uniquely focusing on properties above €1 million. Backed by over 14 years of respected industry experience with more than €300 million in closed sales, the firm brings unrivaled expertise to the dynamic and evolving market. ANG offers a full suite of tailored services for both sellers and buyers navigating Romania's high-end real estate market. For sellers, the firm provides professional property valuations, strategic marketing campaigns, and expert guidance in property management consultancy—ensuring maximum visibility and value. Buyers benefit from access to exclusive residences, each selected for its architectural excellence, design quality, and distinctive character. 'ANG Luxury Properties embodies the level of expertise, discretion, and commitment to quality that defines our global network,' said Michael Jalbert, CEO, Forbes Global Properties. 'Their in-depth knowledge of Romania's evolving high-end market and results-driven approach make them a natural fit for our brand.' 'We are honored to join the Forbes Global Properties network,' said Nicoleta Manea, CEO, ANG Luxury Properties. 'This partnership elevates our reach and reinforces our mission: to deliver world-class real estate experiences in Romania, connecting distinguished clients with extraordinary properties.' 'Forbes Global Properties is the missing link that allows us to connect Romanian clients seeking international homes with foreign investors looking to relocate their families or businesses to Romania. Through this global network, we can deliver premium consultancy backed by the world's top professionals,' said Sorin Raia, Managing Partner, ANG Luxury Properties. ANG's flagship development projects reflect its vision and leadership in shaping Romania's luxury landscape. Among them is the Radisson Blu Hotel & Residences Mamaia, a landmark oceanfront project developed by the Manea's Monarc Properties. In addition, ANG is spearheading the creation of Romania's first Branded Residence operated by Radisson Blu. Designed for discerning local and international investors, the project pairs outstanding rental yields with long-term appreciation. 'We created Radisson Blu Hotel & Residences Mamaia, Romania's first branded residences, to attract foreign investors by offering international quality and strong ROI—still a key advantage in Romania,' said Alexandru Manea, CEO of Monarc Properties. The exclusive worldwide residential real estate partner of Forbes, Forbes Global Properties provides branding and marketing services to the world's premier real estate firms and is now represented by real estate agents across 28 countries in more than 600 locations. As members of this exclusive network, ANG will benefit from Forbes' engaged audience of more than 167 million to connect, inspire, and inform affluent potential homebuyers and sellers about the finest properties for sale globally. Homes are presented across Forbes and Forbes Global Properties print, digital, and social media channels and paired with expert commentary, timely market data, and top-tier editorials. ANG's prime residential listings will also be showcased on a curated collection of high-value, quality home listings. About ANG Luxury Properties Led by Nicoleta and Alexandru Manea, ANG Luxury Properties is the country's leading real estate firm specializing in ultra-premium residential sales. With over €300 million in closed transactions and a client portfolio that spans investors, developers, and high-net-worth individuals, ANG is recognized for its discretion, integrity, and market expertise. Its standout developments include the Radisson Blu Hotel & Residences Mamaia and Romania's first branded residential complex operated by Radisson Blu. Learn more at About Forbes Global Properties Led by the world's foremost independent residential brokers and industry veterans, Forbes Global Properties is the exclusive real estate partner of Forbes. Our members connect discerning buyers and sellers of the most exceptional properties worldwide. Leveraging Forbes's worldwide reach and digital monthly audience of more than 167 million, our listings tell the stories that make our properties unique. Established in 2020, our invitation-only network spans more than 600 locations and comprises over 20,000 property experts across the U.S., Asia, Australia, Canada, the Caribbean, Mexico, the Middle East, New Zealand, and Europe. For more information, visit
Wall Street Journal
20-05-2025
- Entertainment
- Wall Street Journal
Emma Stone Asks $26.5 Million for Freshly Renovated Austin Home
In 2021, actress Emma Stone purchased a historic estate in Austin, Texas, with a plan to move her family there. Four years later, she has instead decided to put the property on the market. The actress and her husband, comedy writer Dave McCary, are asking $26.5 million for the newly renovated estate, according to Eric Moreland of Moreland Properties/Forbes Global Properties, one of the listing agents. The 1.25-acre property, located in the upscale Tarrytown neighborhood, will be among the most expensive on the market in Austin.
What's On
08-05-2025
- Business
- What's On
Dubai property prices to double in the next five years
Dubai property is always in demand… Dubai property prices could increase as far as double in the next five years, according to Abdullah Alajaji, CEO and founder of brokerage firm Driven | Forbes Global Properties who recently spoke to Gulf Business. This prediction comes from the recent growth in real estate prices across the emirate. Dubai's real estate market saw 217,000 investments valued at Dhs526bn in 2024, which was an increase of 38 per cent in number of transactions and and 27 per cent in terms of value, according to data from the government of Dubai. But Alajaji also said that there's still more room to grow as property prices in Dubai are still lower than counterparts such as New York and Singapore. He stated 'I would compare this time to pre-2008. Back then, every single area went up at the same level — you'd see 30 to 40 per cent increases in a single year, whether you were in JVC or Palm Jumeirah. But rental yields were much lower. Today, rents have gone up in tandem with prices, which suggests real demand.' This comes after Rizwan Sajan, founder of Danube Properties, predicted a 10–20 per cent correction in rents in 2025. We know that one thing is for sure, timing is key when it comes to Dubai property prices. > Sign up for FREE to get exclusive updates that you are interested in
Gulf Business
07-05-2025
- Business
- Gulf Business
Dubai property prices set to double in next 5 years, says Driven CEO
Dubai's real estate prices could double within the next five years, says Abdullah Alajaji, CEO and founder of brokerage firm Driven | Forbes Global Properties. The forecast comes amid the emirate's recent strong growth in real estate prices. Dubai's real estate market recorded 217,000 investments valued at Dhs526bn in 2024, reflecting growth rates of 38 per cent and 27 per cent in terms of number of transactions and value respectively, according to data from the government of Dubai. But Alajaji, who launched a new report benchmarking Dubai against the world's most established global cities earlier this week, said there's still more room to grow as property prices in Dubai are still lower than counterparts such as New York and Singapore. 'Our thesis here is, if we're still at one-fifth of the prices of global cities, and the cap rates are still more than double global cities, we do expect that… prices will go up,' Alajaji told Gulf Business . Cap rates, the rental return on a property relative to its total value, are central to Alajaji's argument. 'The cap rate is basically the yield that a property generates relative to its full value,' Alajaji explained. 'For example, if you're renting a property that nets you $50,000 a year and the value is $1m, it's a 5 per cent cap rate.' He added that unlike previous real estate cycles, current prices are supported by fundamentals. 'I would compare this time to pre-2008. Back then, every single area went up at the same level — you'd see 30 to 40 per cent increases in a single year, whether you were in JVC or Palm Jumeirah. But rental yields were much lower. Today, rents have gone up in tandem with prices, which suggests real demand.' Dubai's position as a Tier-1 city The Dubai on the Verge of Tier-1 City Recognition , introduces the company's Tier-1 City Index. It benchmarks Dubai against New York, London, Paris, Singapore, Sydney and Hong Kong across 28 indicators including infrastructure, quality of life, safety, economic depth and international appeal. Dubai ranked fifth out of seven global cities in the index, with standout scores in infrastructure (2nd), international appeal (3rd), safety and security (4th), and quality of life (4th). Alajaji also highlighted the strength of Dubai's transaction activity. 'The value of transactions in Dubai reached around $200bn last year — three times higher than London,' he said. 'That signals maturity. It shows there's real depth and liquidity.' The report found that 43 per cent of survey respondents believe Dubai's property prices are fairly valued, while 35 per cent saw them as somewhat overvalued. Just 11 per cent believed they are undervalued. As for market sentiment, Alajaji said: 'Overall, we see a stabilisation of the market. The way I would navigate it… is to look at areas that have limited supply of new land available for development.' He remains bullish on the city's long-term potential. 'We continue to invest in the growth of the city,' he said. 'We like it, we enjoy it, and we have fun doing it — so we'll continue doing so.'
Zawya
06-05-2025
- Business
- Zawya
Dubai among top cities; set to become tier-one global city
Dubai is making rapid progress towards becoming a tier-one global city and fully established global hub, according to a new report by Driven | Forbes Global Properties, Dubai's award-winning real estate brokerage. The report, titled 'Dubai on the Verge of Tier-1 City Recognition,' presents the first analytical framework developed by the UAE-based brokerage, Driven, to measure how a city stacks up against the world's most established hubs. Drawing on 28 quantitative indicators, spanning infrastructure, governance, economic depth, safety, quality of life and inter appeal, the new index introduced in the report benchmarks Dubai alongside Singapore, Sydney, London, New York, Hong Kong and Paris to spotlight the city's approach towards recognition as a tier one global city. This is backed by wider visions, including its D33 Economic Agenda and Dubai 2040 Master Plan. The new report, based on rigorous primary and secondary market research, caters to a diverse range of stakeholders—including investors, family offices, developers, and individuals aiming to explore and invest in the city's ever-evolving real estate market from various real-time perspectives. 'We saw a chance to elevate the conversation, beyond headlines and market sentiment, and to ground it in real data, global benchmarks, and long-term vision, and we felt a responsibility to lead that effort,' said Abdullah Alajaji, CEO and Founder at Driven | Forbes Global Properties. Dubai: 5th out of 7 leading global cities Driven | Forbes Global Properties is also the first real estate brokerage in the region to develop and publish its own proprietary Tier-1 City Index, marking a bold move in providing a structured, data-backed lens on Dubai's transformation into a global hub. According to the Index, as outlined in the report, Dubai ranks fifth out of seven leading global cities, with standout performances in infrastructure (2nd), international appeal (3rd), safety and security (4th), and quality of life (4th). Industry sentiment echoes this progress, with most stakeholders believing the emirate will achieve full tier-one status within 5-10 years. Further, the report highlighted how Dubai currently offers higher cap rates than traditional tier-one markets, owing to the emirate's shorter real estate market history and higher historical price volatility, a marginally higher financial risk-free rate, and other factors. Through its gradual maturity, cap rate compression can be expected, aligning Dubai's investment profile with other leading global real estate hubs. Highlighted trends, considerations and opportunities A key pricing trend unveiled that Dubai is entering a more mature pricing phase. Almost half (43%) of surveyed respondents believe Dubai's property prices to be appropriately valued, while 35% see them as somewhat overvalued. Only 11% believe prices are undervalued. The report also stressed several investor considerations, including the need to track, in real time, project pipelines and demographic trends to prevent supply-demand mismatches, and ensure market stability. At the same time, the report spotlighted several strategic investment opportunities, such as limited-supply asset classes including waterfront and coastal properties. These properties are likely to resist price fluctuations and provide stronger long-term value. Affordable and mid-income housing also presents strong development potential, among other similar opportunities. Predicted outcomes The report concluded that Dubai's real estate market is steadily evolving into a mature global hub, on the cusp of full tier-one city recognition. While short-term price fluctuations may persist, Dubai's strong fundamentals and increasing institutional capital inflows position it as a strategic long-term investment destination. As the market continues to mature, it is expected to mirror the stability and investment appeal of established global cities. – TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
