-
Dubai luxury property in ‘short supply’ with greater demand for high-end real estate
Luxury qualities in Dubai are in “short supply” with a higher demand from customers for higher-end authentic estate and far better-high-quality houses, according to a house enhancement organization. 1 of the driving forces behind the need for the so-referred to as luxury properties is an influx of Russians coming into the UAE. This was a a lot more new inflow identical to the Arab Spring quite a few many years in the past wherever it had led to an inflow with a good deal of “high web worth” people today moving to the state, Gavin Comerford, assignments director at CHI Sol Investments Limited, told Al Arabiya English. For all the…
-
Luxury homes, short lets and shacks: inside Lisbon’s housing crisis | Housing
Manuela Lopes dates her misfortune from the moment her Lisbon neighbourhood began attracting comparisons with Brooklyn. It was the mid 2010s: former warehouses in the old working-class parish of Marvila were giving way to co-working spaces, art galleries, artisan breweries, creative hubs and tech startups. In 2018, average property prices in the neighbourhood were up 79.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} on the previous year. A short walk from Lopes’ home, a 12-building luxury residential project designed by the world-famous architect Renzo Piano is now rising from Marvila’s old industrial waterfront. Prices for apartments, some with balconies overlooking the Tagus, range from €500,000 to €925,000 (£425,000 to £786,000) and many have been sold off-plan. Promotional…
