Edwin Woon’s Post

Palm Jumeirah Most Sought-After By Luxury Home Buyers A total of 105 homes worth an overall $1.73bn were sold from January to March, up from around $1.6bn a year earlier, according to property consultancy Knight Frank. #PalmJumeirah #DubaiRealEstate #LuxuryProperty #InternationalInvestors #PropertyMarket #DubaiEconomy #HighNetWorthIndividuals #RealEstateInvesting #DubaiTourism #PropertyBoom #GlobalPropertyMarket

Curious what's going on with our neighbors to the North in #Canada? Check out this mid-year luxury real estate market report -- https://lnkd.in/gWn9dJ3n

Thinking of investing in a luxury property? The current balanced market could be the perfect opportunity to purchase allowing you time to make important decisions on finding the right property for you. #luxuryliving #luxuryproperties #luxuryrealestate #sothebysinternationalrealty #sothebys #torontorealtors

Dubai's prime property market is experiencing a surge, with 190 deals exceeding $10 million in the first half of 2024. This boom is fueled by high demand from ultra-high-net-worth individuals, despite a significant drop in supply. Exclusive areas such as the Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island are seeing substantial price increases, reflecting the growing allure of Dubai's luxury real estate market. The limited availability of new luxury villas is contributing to this upward trend. By the end of 2025, only 368 new homes are expected in Dubai's prime neighborhoods, with a mere 8 being villas. This scarcity is driving competition among buyers, further boosting property values. For more details click on the article below #DubaiRealEstate #PrimeProperties #LuxuryMarket #UltraHighNetWorthIndividuals #PropertyInvestment #SupplyandDemand https://lnkd.in/e97aw5Qy

Positive news from the luxury property market. Overall, the value of prime residential property has remained resilient in H1 2024 with an average growth of 0.8% according to a study by Savills. This surpasses the 0.6% growth forecast of 2024 as a whole. Lisbon showed the highest growth with an impressive 4.2% increase, surpassing many other markets. This impressive jump shows the city's appeal as a prime destination for luxury property investments, attracting both local and international buyers with its unique blend of culture, climate, and investment potential. As demand continues to surge, Lisbon is making its mark in global luxury real estate. Watch this space. Read more here: https://lnkd.in/eEmurpk2 via Savills #PrimeRealEstate #PropertyInvestment #InvestmentOpportunities #Lisbon

Luxury property values have soared over the last decade, outstripping growth in median-priced homes significantly, according to the Ray White Luxury Property Report. The report found that, since 2014, luxury house prices have soared by 84%, while median prices have risen by 70%. Hobart leads the luxury market, with an impressive 122% rise over the last decade, followed by Brisbane with a 102% increase. Perth recorded the widest gap between luxury and median house price increases at 24.3%, with Sydney close behind at 21.8%. Ray White spokesperson Atom Go Tian attributed the sharp price increases to limited supply. “Currently, the market is experiencing an unprecedented surge in prices for prime and super-prime properties, largely driven by limited supply, as there are only so many properties that can be built in the most desirable locations near beaches, bays, and rivers,” he said. “Homes with unique characteristics, such as exceptional views or proximity to water, are seeing even greater price appreciation.” #mortgages #azurafinancial #mortgagebroker #realestate #property

Every quarter, Mansion Global takes a look at the most exciting new launches in Dubai real estate and presents market inisghts from some of the top names in the industry. Luxury Property's MD Mark Richards was among the contributors to this quarter's article. Read his full comments and learn more about some of Dubai's hottest off-plan launches by clicking the image below. #luxurypropertyrecommends #luxuryrealestate #luxuryproperty #offplan #dubaioffplan

Luxury Property's MD Mark Richards gave his outlook on the Dubai real estate market in 2024 as part of Mansion Global's quarterly spotlight on the city's newest off-plan projects. The article below contains not only his insights, but a look at some of the hottest upcoming developments. #luxurypropertyrecommends #offplan #mansionglobal #realestatenews

Dubai’s luxury property market shows no signs of slowing The momentum in Dubai’s prime luxury real estate market remains strong, as evidenced by the recent transaction facilitated by Sotheby’s International Realty. A six-bedroom villa nestled in the vibrant heart of Jumeirah, Umm Al Sheif, was sold for Dh80 million ($20 million), marking a significant milestone for the area. Rida Jaber, Associate Director at Dubai Sotheby’s International Realty, said: “The sale of the Umm Al Sheif villa illustrates Dubai’s appeal as a global hub for high-end real estate transactions and the ongoing demand for prime and super prime properties in the city.” #realestate #property #realestateagents #data #report #luxuryhomes #demand #growth #therealtynews #hnwis #nris #newlaunches #projects #homebuyers #investors #investments #dubailuxuryliving Dubai Sotheby's International Realty https://lnkd.in/gAEusA7G

The world’s super-rich are straining supply of uber-luxury homes! The number of homes available for sale in Dubai’s prime residential markets – Emirates Hills, Jumeirah Bay Island, Jumeirah Islands and The Palm Jumeirah – has fallen by 47% over the last 12 months to 2,851 properties, according to the latest analysis from global property consultant, Knight Frank. Faisal Durrani, partner, head of research, MENA, explained: “The global super-rich remain fixated by Dubai, which is overwhelming the supply of luxury homes in the city. Indeed, the volume of demand for property in Emirates Hills, Jumeirah Bay Island, Jumeirah Islands and The Palm Jumeirah has resulted in a 47% drop in the number of homes available for sale in these areas over the last 12-months."  #realestate #property #housing #residential #luxuryhomes #therealtynews #wealth #dubailuxuryliving #hnwis #nris #realestatedevelopers #hnwis #nris #realestateagents #knightfrank #data #report Knight Frank MENA https://lnkd.in/dMqBBgzB