Abu Dhabi’s Most Expensive House Is Now a Spec Megamansion Asking AED 98 Million
The seven-bedroom property is part of the Ohana by The Sea development, an upscale coastal enclave close to Dubai. Read More
BY THE NUMBERS
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Come Home to Elemental Luxury on the Sea of Cortez
Forty-five minutes from Los Cabos airport on the Baja’s East Cape, Costa Palmas is a 1,500-acre community that offers a new superyacht marina, two miles of swimmable beachfront, and an incomparable spirit of adventure. Explore homes of elemental luxury at Four Seasons Resort and Residences or the cosmopolitan Casa Blake, and belong to a warm, inclusive club of adventurers on the Sea of Cortez.
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TRENDING TODAY
LISTING OF THE DAY
Private Isle an Hour From Helsinki Offers a ‘Cool’ Spin on Island Living
The woodsy, 5-acre landmass includes a modern compound with a main house, guest house and a jetty. Read More
SMART HOMES
Smart Monitors That Display It All—Spreadsheet or Scorsese Film
Upgrade your screen experience with these advanced monitors built for work or play. Read More
NEWS BITES
Chinese Developer Country Garden May Be Headed Toward Default
China-based developer Country Garden Holdings—which has become a symbol of China’s broader property debt crisis—may be headed for a restructuring. It’s already missed deadlines to pay interest on two dollar bonds, and grace periods are set to end later this month. It has $11 billion of offshore bonds outstanding, and the company “expects that it will not be able to meet all of its offshore payment obligations when due or within the relevant grace periods,” the company announced in a Tuesday filing. The default may lead to legal action from its creditors and it could “pressure the offshore bondholders to approve any upcoming restructuring proposal,” said Ting Meng, a senior credit strategist at Australia and New Zealand Banking Group. The National News
Home Values in Sydney and Its Suburbs Set to Grow in 2024
Sydney is leading the Australian property market rebound and, after a sharp decline in values last year, is back on track to register 2% to 5% property price growth in the coming years. The city’s suburbs are set to grow, too, with destinations like Gordon, Glenorie and Curl Curl—or “Curly,” as it’s known by locals—given their good schools, space and ease of living, according to real estate expert John McGrath. Fairfield and under-the-radar Chifley are also primed for appreciation. realestate.com.au
Demand for Off-Plan Property Surges 35% in Dubai
Dubai’s off-plan property market has registered a 35% increase in demand over the past three months compared to the same time last year, according to data from the real estate agency Betterhomes. “Off-plan transactions now account for a significant 61% share of Dubai’s overall real estate market,” analysts said. There’s also been a 40% to 60% spike in demand from foreign investors, leading Betterhomes to predict that the “overall landscape suggests a positive trajectory for the off-plan market in the emirate.” Khaleej Times
Italian Architect and Educator Andrea Branzi Has Died at Age 84
One of the founders of influential design studio Archizoom Associati, Italian architect and designer Andrea Branzi, has died at age 84. Branzi had a career that unfolded over six decades and included avant-garde designs as well as his work as an educator, first as a cofounder at the Domus Academy and then at the School of Interior Design at the Polytechnic University of Milan. He won the Italian Architecture Prize’s lifetime achievement award in 2022, as well as several awards, including Italy’s prestigious industrial design award, Compasso d’Oro, in 1979, 1987 and 1995. Dezeen
AROUND NEWS CORP
Madeleine Albright’s Washington, D.C., Home Is Up for Sale [The Wall Street Journal]
‘I Loved Our Houseboat, but It’s Nice to Be Back on Dry Land’ [The Times of London]
How to Harden Your Home Against Wildfires: 6 Tips From the Experts [Realtor.com]
Wollongong Record Broken in Sale of Former Bunnings Site to Sydney Developers [news.com.au]
