Mansion Global Daily: Dubai property market continues to boom


Over NZ$25million advert set to be New Zealand’s most expensive home

A five-bedroom house in Bay of Plenty, New Zealand, could become the country’s most expensive home this year if it sells for around its asking price for more than NZ$25 million ($14.8 million). US dollars), according to the brokerage firm Sotheby’s International Realty. . The existing record is held by a NZ$20 million house on Paritai Drive in Auckland. The potential record sits on 14.9 acres and has 10,764 square feet of living space. Outside there is a putting green, tennis court and infinity pool. Things

Australia’s home auction market rebounds as sellers slash prices to meet demand

Auction clearance rates in Australia’s capitals combined exceeded 60% in October, the highest since interest rates began to rise in March, new data shows. This “likely shows that sellers and buyers are better able to come to an agreement on price than they were last winter,” the Domain report said. The clearance rate was still lower than last October’s 73.5%, but rose for the third consecutive month since hitting a low of 49.7% in July. Domain

Music producer buys his third Florida home for $15 million

German music producer Dirk Ulrich and his wife, Marina, have purchased a beachfront home in Jupiter, Florida for $15 million, their third acquisition in the area. The 6,200-square-foot, five-bedroom, five-bathroom home was built in 2011. It has an elevator and a newly remodeled kitchen, the listing says. Dirk Ulrich is a German-born music producer who has worked with Toto and Michael Jackson. He is also chairman and CEO of two companies, German production company Brainworx and California-based Plugin Alliance. The real deal

Dubai property market continues to boom

Dubai recorded 643 real estate transactions worth a total of AED1.93 billion ($525 million) in a single day on Monday, continuing a market boom amid global economic uncertainty, according to data released by the Dubai Land Department. The city’s real estate market has recently recorded record results, including an all-time high in the number of transactions. Sales of houses, including villas and apartments, totaled AED1.46 billion. Arab Affairs


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