Prince’s Turks and Caicos Estate Heads to Auction
The late singer’s island refuge was previously on the market for $12 million. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Historic London Townhouse is a Masterpiece of Modern Interior Design
A mix of traditional and contemporary techniques have restored the home to its former grandeur. Read More
THE INSIDERS
Miami Developer on Why Beachfront is Hard to Beat
Gil Dezer says top management is key for a building to be truly luxurious. Read More
NEWS BITES
Irish Homebuilding Expected to Increase Over the Next Year A new report reveals that most of Ireland’s chartered surveyors expect to see an increase in construction activity this year, due to upticks in both the home building and commercial sectors. In the last six months, 71% of chartered surveyors had seen an increase in private housing, and a full 90% expect construction to increase in the next 12 months. This time last year, only 9% had expected an increase. PropertyWire
Dubai Developer Inks Branding Deal With Tonino Lamborghini Italian luxury brand Tonino Lamborghini has granted developer Oriental Pearls the rights to use its brand in its projects for at least the next decade. The deal will allow Oriental Pearls to develop projects with clubs, lounges, restaurants, spas, and more using Tonino Lamborghini branding. The first project out of the deal will be the Royal Pearls development, set to be delivered in 2020 with a total of 7,500 freehold apartments. Khaleej Times
Chicago’s Over-$1-Million Sales Hit Seven-Year Peak The Chicago area’s million-dollar-plus home market saw its best first quarter in seven years. This year, 489 existing luxury homes, townhomes, and condominiums of $1 million or more were sold in Q1. That’s a 7.5% increase over the same quarter last year and the most sold in that quarter since 2011, according to the RE/MAX Luxury Report on Metro Chicago Real Estate. The median sales price of million-dollar-plus homes also rose 5.5% to $1.35 million. Loop North News
Jumeirah Golf Estates Launches an Extra Mid-Market Residential Tower Jumeirah Golf Estates is launching an extra, 122-unit tower at its Alandalus development in response to high demand for mid-market Dubai housing. Tower D prices will start from Dh749,000 (US$204,000), and buyers will be able to get a 100% waiver for Dubai Land Department fees on the sales. UAE nationals will also have the option for a 2% down payments, and a four-year monthly payment plan. Gulf News
AROUND NEWS CORP
Chris Evert Lists Her Florida Home for $4.999 Million [The Wall Street Journal]
Invest in the Heirlooms of the Future [The Times of London]
This $85m Apartment Comes With Rolls-Royces and a Trip to Space [New York Post]
Big Trees, Big Problems: 7 Reasons to Think Twice Before Buying a Home With a Shady Backyard [realtor.com]