Latest news with #GeorgeAzar
CBS News
30-05-2025
- Business
- CBS News
1 year later, how is Sacramento addressing backyard encroachments onto city property?
SACRAMENTO — It's been one year since a viewer reached out to CBS Sacramento about the encroachments on city property happening along the Niños Parkway in south Natomas. The area is between San Juan and West El Camino Avenue, where people have been extending their backyards beyond their backyard fence lines. "There's one guy that always takes his lawn mower and goes up and down trying to keep Niños Parkway trimmed up, at least," said Annette Emery, who lives along the parkway. Many neighbors' main concern with the space has been over fire danger, but they have extended their backyards to the point where some have poured concrete to create basketball courts and batting cages. "Back in the day, the City of Sacramento allowed us to do planter boxes," Vice Mayor Karina Talamantes said. Talamantes told CBS13 that after reviewing the long history of the parkway, she wants to bring that program back, where they will charge people a yearly property tax fee to plant beyond their fence lines. They would not be allowed to create permanent structures, and anyone on the path would need to have access to the space. "What's most important to me is figuring out a solution that can work for the city, the city park's department and for neighbors," said Talamantes. Early in June 2024, Talamantes told CBS 13 that the city would be sending enforcement letters to neighbors with encroachments. She claims those letters were sent, but neighbors told CBS13 they never received them. George Azar has an encroachment along the parkway and spoke with us last summer. "I think, if anything, they should maybe be reimbursing some of these homeowners who are maintaining and allowing the public to use it," said Azar last July. Back then, he showed CBS13 his backyard extension that pretty much looked like a park with a bench and concrete from where a basketball court once was. CBS13 spoke with him again, nearly a year later, and he said he finds the plan to have them pay a fee to maintain city property "ridiculous." "We're in a budget deficit right now, the City of Sacramento," said Talamantes. "If people are willing to step up and plant some beautiful mustard seeds or plants, then why not?" Talamantes plans to submit the proposal by next week. She said the fee used to be $25 a year and expects it could range from that to $75. The city attorney will need to look over liability concerns. Neighbors are highly concerned about fire danger and said that city crews mowed down the brush about a month ago, but it is already growing back quickly. CBS13 put in a request with the city to see if it plans on doing any more vegetation management along the parkway before the summer heat.
Gulf Today
06-03-2025
- Business
- Gulf Today
A villa on Dubai's Jumeirah Bay Island sells for Dhs330 million
The Dubai Sotheby's International has revealed a new record sale on Jumeirah Bay Island. A six-bedroom, bespoke villa has been sold for Dhs330 million, a figure that establishes a new benchmark as the most expensive home ever sold on the island. The property occupies a plot of 26,895 square feet and is one of a select number of exclusive properties situated at the island's most prominent location. The villa has been finished to an exceptional standard, with materials including Taj Mahal quartzite, Patagonia marble and walnut veneer. Notable features include a beachfront infinity pool and a private strip of soft white sand. The deal has exceeded the previous record of Dhs240.5 million, which was also established by Dubai Sotheby's International Realty in June 2024. This development serves to emphasise the sustained increase in value of Jumeirah Bay Island, often referred to as the 'Billionaires' Island'. This exclusive location comprises just 128 properties and has become a sought-after destination for elite buyers seeking exclusivity, seclusion and a luxurious waterfront lifestyle. As George Azar, CEO and Chairman of Dubai Sotheby's International Realty, observes, "Dhs330 million is not merely a numerical value; it serves as a symbol of the confidence that our clients repose in us, our capacity to generate outcomes, and the robust performance of Dubai's flourishing luxury real estate sector." He further elaborated that the demand for properties of this calibre is indicative of a shift in market trends, where rarity and exclusivity are of paramount importance. "In this sector, we are not merely setting new records; we are shaping the market. We are proud to continue setting new benchmarks and connecting our clients to the most exclusive properties in the region," Azar added. "Jumeirah Bay Island is undeniably Dubai's most exclusive address. Its appeal keeps growing as there is only plot owner availability." said Regan Faulkner, Managing Partner of Jumeirah Bay Island. "The demand for bespoke, unique homes is at an all-time high, and this record-breaking deal on Jumeirah Bay Island highlights its ongoing appeal," stated Ioana Arminou, Managing Partner.
Express Tribune
05-03-2025
- Business
- Express Tribune
Here's how much a villa costs in Dubai's Jumeira Bay
Listen to article Dubai's Jumeira Bay island has set a new benchmark for luxury real estate, with the sale of a 6-bedroom villa for a staggering Dh330 million. The deal cements the island's reputation as a hotspot for record-breaking property transactions. Spanning 26,895 square feet, the villa sits on one of only three exclusive plots at the tip of the island. It is the sole villa offering uninterrupted views of the Burj Khalifa and the Downtown Dubai skyline, according to a statement from the broker. This sale surpasses the previous record of Dh240.5 million set in June 2024, also facilitated by Dubai Sotheby's International Realty. "Jumeira Bay Island remains the most coveted address in Dubai, with just 128 plots, and its desirability continues to grow," said Regan Faulkner, Associate Director at the brokerage firm. "With uninterrupted views of the Dubai skyline, a prime beachfront position, and total exclusivity, it represents one of the rarest opportunities in the market." The Dubai luxury property market has continued its strong performance into 2025, with another notable sale earlier this year at Emirates Hills, where a home fetched Dh425 million. On the Jumeira Bay transaction, George Azar, CEO and Chairman of Dubai Sotheby's International Realty, remarked, "Dh330 million is more than just a figure, it's a statement. The demand for properties of this calibre signals a shift where provenance and exclusivity hold more value than ever. In this segment, we don't just set records—we shape the market."
