Dubai real estate rebounds with AED 200m Bugatti Residences penthouse sale

Gravesend’s new condo record is courtesy of a home-grown developer

An 8 million sale doesn’t typically raise eyebrows in Brooklyn’s Gravesend neighborhood. The enclave, home to a tight-knit Syrian-Jewish community, has become known for its single-family homes that often trade for millions of dollars, as wealthy local families swap expensive homes like trading cards. Last year, Eli Gindi, a member of the Gindi real estate family, sold his 10,000-square-foot home at 2126 East Fourth Street for 32 million to Victor Hakim, setting a borough record. Other recent pricey sales have included a home at 2085 East Third Street that Jeff Sutton purchased for 7 million last June and a 9.3 []This article originally appeared on The Real Deal. Click here to read the full story.

Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Holon, Ramla, Gedera, Migdal Ha’emek, and Kiryat Ata.

Dubai’s residential market continues to gather pace as long-term growth strategy drives investor demand

Dubai’s residential real estate market continues to strengthen as long-term government initiatives, investor-friendly policies and sustained international demand reinforce the emirate’s position as one of the world’s leading property investment destinations. The momentum comes as the Dubai Real Estate Sector Strategy 2033 targets a 70 increase in real estate transactions, a homeownership rate of 33, [] The post Dubai’s residential market continues to gather pace as long-term growth strategy drives investor demand appeared first on Middle East News 247.

CK Asset sells penthouse in Hong Kong’s Mid-Levels for US$48.5m, sets pricing benchmark

A penthouse at CK Asset Holdings’ luxury residential project in Hong Kong’s Mid-Levels has been sold via tender for HK380.77 million (US48.5 million), according to a statement from the flagship property developer of tycoon Li Ka-shing, underscoring the rebound in the city’s high-end residential segment. Unit 10 on the 20th floor of 21 Borrett Road in the upscale district in Central fetched HK126,000 per square foot, the highest price for the development and for new home sales this year,...