Latest news with #penthousesale
News.com.au
3 days ago
- Politics
- News.com.au
Rudy Giuliani sells NY home for $7.62m
Rudy Giuliani is finally bidding adieu to his stately Upper East Side co-op — and New York altogether. For the two-time NYC mayor and one-time personal lawyer to President Donald Trump, selling his long-troubled penthouse was less of a victory lap and more of a clearance sale, the New York Post reports. The former Hizzoner, 81, parted with the three-bedroom spread at 45 E. 66th Street for US $4.95 million (AUD $7.62m), lawyer Gary Rosen, Giuliani's representative in the sale, confirmed. The buyer remains unnamed. Once touted at US $6.5 million (AUD $10m) in 2023, the more-than-10,000-square-foot top-floor residence in the landmarked Fred Leighton Building saw its price chipped away through multiple relistings, brief withdrawals, and, finally, a March return to market at US $5.2 million (AUD $8m). Rosen declined to comment on the final markdown — or the purchaser. The apartment's many enviable qualities — a wood-paneled library, formal dining room, city views and Yankees memorabilia — were long overshadowed by Giuliani's legal troubles. The property was nearly seized by Georgia election workers Ruby Freeman and Shaye Moss, who won a US $146 million (AUD $225m) defamation judgment against Giuliani — after he accused them of ballot tampering. In testimony, the pair said his unfounded claims 'helped unleash a wave of hatred and threats we never could have imagined.' A judge had ordered the home handed over, along with other valuables — but a confidential settlement earlier this year allowed Giuliani to keep it. Eventually, he decided to offload the home anyway. Before waving goodbye to the prime Madison Avenue address, Giuliani took full control of the property from his third ex-wife, Judith, paying her US $2.5 million (AUD $3.85m) in July, records show. 'He got the apartment, and she got some Hamptons property,' Rosen said. Records show Giuliani originally paid US $4.8 million (AUD $7.39m) for the apartment in 2002 — the same year he finalised his second divorce from Donna Hanover. With the deal done, Rosen said Giuliani will now make Florida his primary address — trading Central Park views for palm trees.
Arabian Business
06-08-2025
- Business
- Arabian Business
Dubai branded residences sector hit record $45 million sale
Dubai's branded residences market continues to outpace global luxury hubs, with a record $44.6 million penthouse sale in Jumeirah Asora Bay highlighting the city's growing dominance in this once-niche segment, according to a new H1 2025 report by Morgan's International Realty. The six-bedroom unit, sold in May for AED 164 million, marked the highest-priced branded residence transaction in Dubai to date and helped drive a 37 per cent year-on-year increase in total transaction value, despite a modest 3 per cent dip in sales volume compared to H1 2024. Dubai tops global branded residences market Dubai now hosts 48,474 branded units across 144 projects, adding 5,510 new residences in just the first six months of 2025. The surge further cements the emirate's status as the global capital of branded residences, outpacing traditional markets like Miami, New York, and London. 'Branded residences are no longer a niche segment, they have become a core asset class,' said Elias Hannoush, Managing Director of Morgan's International Realty. 'Institutional investors are moving in, and we're seeing new pricing benchmarks being set.' The average price per square foot of branded residences reached $1,029 (AED 3,779), with the highest recorded at $4,981 (AED 18,294). This compares to an average of $737 for non-branded units, reflecting a significant 40 per cent premium across the market. In communities such as Jumeirah Bay Island and La Mer, branded properties commanded price premiums of up to 98 per cent, with other hotspots like Downtown Dubai, Dubai Marina, and The Oasis also posting high transaction volumes and strong valuations. The top-selling under-construction project was Palace Villas Ostra at The Oasis, with sales of $1.83 billion (AED 6.72 billion), while Address Harbour Point led among ready properties. The most expensive properties were associated with high-end global brands such as Bulgari, Four Seasons, Raffles, and Aman, whose projects averaged over $13,000 per sq ft in some cases. Meanwhile, Address Hotels & Resorts maintained its lead in the number of branded developments, with 15 active projects across Dubai. Other major players include VIDA Hotels, Dorchester Collection, and Jumeirah Hotels & Resorts. Branded residences were concentrated in prime districts such as Downtown Dubai (21 developments), Business Bay (17), and Dubai Harbour (9), but emerging areas like The Oasis, Dubai Hills Estate, and Dubai Creek Harbour are becoming key investment zones as developers diversify geographically.
