Luxury Real Estate Blog and News
Dubai property transaction volumes in 2019 increased by 22 percent compared to 2018.
Investment in Hong Kong office and retail properties plunged by 52% last year to HK$$68.9 billion (US$8.9 billion), the largest decline in a single year since 2011.
Turks and Caicos Islands
An increase in high-end development and a few “trophy listings” have helped turn the Turks and Caicos Islands into a hot luxury vacation destination.
While the number of construction projects in the real estate market is notably large, no bubble burst such as the one that occurred in 2007 is to be expected, SEB economic analyst Mihkel Nestor said.
Kuwait’s property market has been hit by the increase in the number of expatriates leaving the country, with several apartments now lying “vacant”, local daily Kuwait Times reported.
Around 1.9 million expats have left Saudi Arabia in the past two years, with their exit taking a toll on the country's real estate market, a recent report found.