Latest news with #LuxuryRealEstate
Yahoo
6 days ago
- Business
- Yahoo
WILLIAM RAVEIS NAMED TOP LUXURY BROKERAGE AT INMAN GOLDEN I CLUB AWARDS
William Raveis wins prestigious 'Top Luxury Brokerage' award at Inman Luxury Connect in San Diego SHELTON, Conn., Aug. 5, 2025 /PRNewswire/ -- William Raveis, the number one family-owned independent real estate company in the Northeast, Florida, and South Carolina, is named Top Luxury Brokerage by Inman Golden I Club 2025. This year's awards presentation recognized all national Finalists before selecting William Raveis as its winning brokerage. The prestigious award underscores William Raveis' commitment to delivering extraordinary luxury service for over fifty years. The Inman Golden I Club is the "highest honor in luxury real estate" according to Inman news source. William Raveis is renowned for pushing the boundaries of what's possible in the real estate industry. William (Bill) Raveis, Founder and CEO, explains their unique business model, "As a privately held company, we are not beholden to shareholders. We are not afraid to innovate and invest in building an exceptional Luxury Properties Division with the best marketing, most advanced technology tools, and finest agents in the world." Fifty years of luxury leadership. Winning global and national awards like Top 100 Luxury Real Estate Brokers of the World (2022-2024), HGTV's Ultimate House Hunt Overall Winner (2022), and Inman Innovators Top Brokerage 2023 is one facet. William Raveis has increasingly tapped into a unique 'luxury seam' along the East Coast, with over 4,500 sales associates to help clients buy, sell, and rent vacation homes. Bill Raveis adds, "Early on, we decided the franchises are not like us. We've honed a world-class Luxury Properties Division, providing individually tailored marketing programs for Fortune 500 CEOs, politicians, authors, and notable figures from the worlds of sports, entertainment, and television." Raveis adds, "We've built a global brand together with our extraordinary team of entrepreneurial agents." Jamie Zdru, Executive Director of the William Raveis Luxury Properties Division, offers personalized concierge service to agents and their clients, from Maine to South Carolina and Florida. With $1B under portfolio, their team collaborates with Luxury Portfolio International® to represent the most notable estates in top destinations like Nantucket, Boston, Greenwich, Westchester County, The Hamptons, Hilton Head, Naples, Port Royal, Palm Beach and elsewhere. Additionally, William Raveis' Elite Concierge Services – with everything all under one roof for home, mortgage, insurance, utilities, and moving earns Finalist distinction for "Most Innovative Marketing or Branding Campaign" by Inman Innovators in 2025. About William RaveisWilliam Raveis is the number one independent family-owned real estate company in the Northeast, Florida, and South Carolina. A multi-award-winner, William Raveis consistently earns global and national recognition for luxury service excellence, including Inman Innovators' Top Brokerage 2023, Luxury Lifestyle's Top 100 of the World 2024-2022, and many more. William Raveis Mortgage is a Top 100 national lender and William Raveis Insurance ranks Top 10 for most homeowners' policies sold among U.S. real estate firms. To learn more about William Raveis, please visit About Inman AwardsIn its sixth year, the Inman Golden I Club awards takes place at Inman Luxury Connect in San Diego, a premier gathering of the industry's top professionals in luxury real estate. Along with celebrating the prestigious Top Luxury Brokerage award, William Raveis' garnered two Finalist spots for "Top Luxury Team" and "Best Sales & Marketing for a Luxury Home or Property". View original content to download multimedia: SOURCE William Raveis Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Business
7 days ago
- Business
- Arabian Business
Dubai AED 10mn+ off-plan sales surge 240% as renovated villas, branded residences drive luxury market
Off-plan villa sales in Dubai's AED 10 million-plus segment have surged by 240 per cent over the past two years, reflecting a profound shift in buyer appetite and investor confidence, according to new data from Savills Middle East. The number of off-plan transactions in this ultra-prime bracket rose from 952 in 2022 to 3,223 by the end of 2024. In the first half of 2025 alone, AED 10 million-plus property deals reached 3,731 — already 15 per cent higher than the full-year total for 2024. Off-plan properties now make up 69 per cent of all AED 10 million-plus transactions, a dramatic increase from just two years ago. Dubai's ultra-prime market booms 'Dubai is no longer a stopover market,' said Andrew Cummings, Head of Residential Agency at Savills Middle East. 'Buyers entering the prime space today are globally mobile, long-term focused, and looking to anchor their wealth in a city that offers both quality of life and asset strength.' Cummings added that the spike in luxury sales 'speaks to a structural shift in demand' and is 'a testament to global capital's attraction to Dubai real estate.' Key off-plan developments fueling this growth include Palm Jebel Ali, District One West, and The Acres. These mega-projects, backed by major developers and positioned in high-demand zones, are helping Dubai cement its status as a hub for premium real estate investment. Meanwhile, ready (secondary) villa transactions in the AED 10 million-plus market have remained consistent at approximately 1,500 deals per year, indicating that while resale interest remains stable, investor momentum is increasingly shifting toward new builds. Renovated communities break price ceilings The revival of older communities is also drawing attention. In Jumeirah Islands, just 8 properties exceeded AED 10 million in 2021. By 2024, that number jumped to 89. As of mid-2025, more than 90 per cent of sales in the community have been above AED 10 million — and notably, 40 per cent surpassed the AED 20 million mark. Jumeirah Islands has even eclipsed pricing benchmarks in Dubai's traditionally top-tier enclave, Emirates Hills, with a record AED 6,375 per square foot. Branded residences gain global momentum Branded residences have emerged as a major force in Dubai's high-end market, accounting for approximately 30 per cent of AED 10 million-plus apartment sales. According to Savills, Dubai now ranks as the most active branded residential market in the world. Projects like The Lana Residences, Bvlgari Residences, and One&Only One Za'abeel are commanding prices upwards of AED 10,000 per square foot and drawing interest from ultra-high-net-worth individuals seeking exclusivity and design pedigree. Savills forecasts that Dubai will represent 40 per cent of all branded residential developments in the Middle East and Africa by 2031, underlining its growing dominance in the global luxury landscape.
Yahoo
18-07-2025
- Lifestyle
- Yahoo
David Hoffman and Jaime Kowal's House in Photos
More from Robb Report A Creative Couple's 1920s Spanish-Style Home in L.A. Lists for $4.8 Million Inside Justin and Hailey Bieber's $29,000-a-Week Vacation Rental in Mallorca An Oscar-Winning Art Director Just Listed His 1920s L.A. Home for $4.8 Million Best of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article. The fountain-clad front courtyard. An olive-hued door opens into a light-filled living room. The living room is anchored by a Batchelder fireplace. The updated kitchen. The kitchen connects to a dining area. The dining area flows into an adjacent sitting salon. A staircase off the living room heads to the upper level. The primary bedroom. The balcony has a head-on view of the Griffith Observatory. The primary bath. A child's bedroom. Another upstairs balcony. A guest bedroom and bath. The lower-level screening room. A lower-level bedroom is currently outfitted as an office. The lower-level den. An alfresco dining deck is bordered with privatizing shrubbery and hedges. Outdoor living areas designed by Terremoto Landscape Architects include a cedar hot tub. Double gates open to a two-car garage tucked off to the side.
Daily Mail
21-06-2025
- Business
- Daily Mail
EXCLUSIVE Michelle Mone's £250 million Dubai property project was never finished and is now just a desert shell
's £250 million Dubai property project – hailed as the first major development to be sold using Bitcoin – was never actually built, The Mail on Sunday can reveal. In 2017, former lingerie tycoon Ms Mone, 53 – dubbed Baroness Bra after being awarded a peerage – and husband Doug Barrowman, 60, unveiled proposals to erect two 40-floor skyscrapers as part of a luxury desert complex boasting high-end homes, a shopping centre and sports facilities. To much fanfare, they said the apartments could be bought using virtual currency rather than hard cash. Within months they claimed that buyers had already invested in 'a number of apartments' using the crypto tokens. Ms Mone even told an American news network that Bitcoin (BTC) was 'the currency of the future', adding: 'I'm a Baroness – so I wouldn't be getting involved in it if it was a kind of 'dodgy' industry.' Yet Dubai government records show that the couple's Aston Plaza and Residences, located in the Science Park district of the Middle Eastern city, were never actually built. A property inspection report carried out by the Dubai Real Estate Regulatory Agency and obtained by The Mail on Sunday confirms that the project started but was later 'cancelled' at just 32 per cent completion. Pictures taken by inspectors who visited the site in January 2018 show the concrete shell of one mega tower abandoned in the middle of the desert. The images are a far cry from the promotional mock-ups that were advertised on the project's website, which showed sleek, minimalist homes set across two glass tower blocks. The revelation comes after the UK Government told the High Court in London recently that a company linked to Ms Mone and Mr Barrowman should pay back more than £121 million for breaching a Covid contract for 25 million surgical gowns. And earlier this month we told how the couple from Glasgow were offloading some of their British property empire as they look to start a new life in Florida. The Aston Plaza and Residences promised to offer 'exceptional real estate for discerning professionals and young families living in the United Arab Emirates', adding that the 'company's ethos is delivered through its meticulous attention to detail when creating homes'. A press release put out by the Aston team said that the project was the 'first joint business venture between the two business icons' Ms Mone and her husband, who is chairman of the Knox group of companies. According to the development's website, 150 apartments were available to buy directly from the developers using Bitcoin, a digital currency that fluctuates in value depending on market sentiment. It continued: 'The highly-anticipated selection of 1,133 studio, one and two bedroom apartments, is due for completion in summer 2019. 'Apartments offer floor-to-ceiling windows with unobstructed views of the Dubai Hills and the iconic city skyline.' The website added: 'The development also boasts the Plaza – three floors dedicated to retail which will include boutiques, cafes, restaurants and a supermarket.' Studio apartments started at 33BTC, which is the equivalent of almost £3 million if linked to today's sterling markets. Speaking to The Mail on Sunday in December 2017, Ms Mone, who founded the Ultimo lingerie brand, said she had already sold 'a number of apartments' to buyers using the cryptocurrency. Aston Towers, known as Project 152 in property databases, is listed as 'permanently closed' on Google. Records show that although the project was transferred to a different Dubai-based company around 2019, work on the development continues to be 'cancelled'. The Mail on Sunday recently told how Ms Mone and Mr Barrowman had sold two townhouses in Glasgow to celebrity friends in the last 12 months, pocketing a profit of £2 million. The new owners are Nick Haddow, the photographer who shot one of Ms Mone's most risqué Ultimo push-up bra campaigns, and Paul McManus – the drummer in Scots rock band Gun and a high-profile Scottish Labour Party donor. Meanwhile, a quaint Chelsea mews house in London linked to a company of Ms Mone's son Declan has been sold for £2.185 million to a senior member of a Middle Eastern royal family. Last year the couple also sold their £19 million London townhouse as well as their £6.8 million Lady M yacht. Ms Mone's friends say she has told them that she is seeking to start afresh in Miami. The Scots business moguls are currently at the centre of an anti-corruption PPE fraud probe which saw £75 million of their assets frozen by the National Crime Agency. Investigators are focused on PPE Medpro, a company led by Mr Barrowman, which was placed in a VIP priority lane for government contracts worth £203 million of taxpayers' money following a recommendation by Ms Mone. This came after Ms Mone was made a peer by Prime Minister David Cameron in 2015. The Department of Health and Social Care (DHSC) is suing PPE Medpro over claims that surgical gowns supplied by the firm were not fit for use. On June 11, Paul Stanley, KC, for the DHSC, told the High Court: 'The Government is seeking to recover the costs of the contract, as well as the costs of transporting and storing the items, which amount to an additional £8,648,691.' The Dubai property project was sold on to a Dubai-based developer. Representatives for Ms Mone and Mr Barrowman said that no one lost any money and all deposits were held in escrow, in accordance with the law in Dubai.
Arabian Business
17-06-2025
- Business
- Arabian Business
UAE real estate: Dubai, Abu Dhabi branded residences drive record $16.9bn property sales
The UAE property market has recorded AED 62.1 billion in transactions during April 2025, with branded residences emerging as the sector driving growth across Dubai and Abu Dhabi. Josh Gilbert, Market Analyst at eToro, said the figures demonstrate 'growing demand across residential, commercial, and luxury segments' as the branded residences market becomes 'the hottest thing in the UAE's luxury property sector.' Abu Dhabi's branded residences quadrupled over the past year, with luxury sales reaching AED 6.3 billion in 2024. The growth reflects demand from investors and high-net-worth individuals seeking exclusivity. Aldar, Emaar lead UAE property growth as transactions hit AED62.1bn Emaar has positioned itself at the forefront of branded residence development through partnerships with international luxury brands. The company's projects include Armani Residences, The Address, and Palace Residences. The developer continues expansion in Downtown Dubai, Dubai Hills, and the Marina. Emaar's share price has risen over 60 per cent in the past 12 months, reflecting the company's performance amid record transaction volumes. Gilbert noted that Emaar is 'arguably the biggest beneficiary of the UAE's real estate upswing' with the company 'everywhere across the skyline in Dubai.' Aldar, headquartered in Abu Dhabi, has announced Nobu Residences on Saadiyat Island as part of its strategy to mirror Dubai's branded residence model. Saadiyat Island is developing as a luxury hub. The company continues building presence in the UAE luxury market through partnerships with international brands. Gilbert said 'the growth of branded residences in Abu Dhabi suggests that the capital is catching up to Dubai's pace, which could allow Aldar to unlock meaningful value for investors.' The UAE real estate market growth stems from population growth, tourism increases, economic diversification efforts, and attraction of international corporations. Gilbert said the growth 'reflects solid fundamentals of robust population growth, surging tourism, ongoing efforts to diversify the economy and the appeal of the biggest corporate names in the world, underscored by these branded residences.' Emaar, Aldar, and Deyaar are positioned to benefit from demand for branded projects as Dubai and Abu Dhabi continue attracting international capital into their property markets. The transaction figures represent the latest record in the UAE's property sector performance in 2025.
