Latest news and articles about luxury real estate from NEX English
Luxury real estate sales in Manhattan saw a significant increase last month, with <strong>133 contracts</strong> signed for apartments valued over <strong>$4 million</strong>. This surge occurs despite a proposed new tax that could impact the wealthy.
The luxury real estate market in the Arab world is experiencing significant growth, with a marked increase in demand for this category of properties. This trend reflects the economic and social changes occurring in the region.
Dubai recorded 2,148 luxury real estate transactions in the first quarter of 2023, reflecting a significant growth of 63% compared to the same period last year. This surge indicates a robust recovery in the city's real estate market.
Hong Kong has recently experienced a notable surge in its luxury real estate market, highlighted by the sale of a luxury apartment in the High Peak area for HKD 420 million (approximately USD 53.7 million). The transaction, which took place on April 8, is believed to involve a buyer from mainland China.
The luxury real estate market in Hong Kong has seen a notable revival due to increasing demand from Chinese buyers, resulting in significant gains for investors. Among the prominent transactions, businessman Zhao Qijun sold two adjacent residential units for $41 million.
Luxury real estate sales in Dubai have seen a remarkable increase, totaling <strong>$49 billion</strong> in the first quarter of this year. This growth reflects the rising demand for high-end properties in the emirate, reinforcing its status as a global investment hub.
Recent reports indicate a continued rise in luxury real estate prices globally, with $1 million no longer sufficient to purchase large spaces in major markets. In Monaco, this amount only buys you 16 square meters, making it the most expensive real estate market in the world.
Ukrainian billionaire <strong>Rinat Akhmetov</strong> has purchased a luxury apartment in <strong>Monaco</strong> for <strong>€471 million</strong>, making it one of the most expensive real estate transactions in history. The apartment is located in the new <strong>Maritima</strong> project, attracting wealthy buyers from around the globe.
The legendary wrestler Hulk Hogan's coastal home in Florida has been listed for sale at a price of <strong>$4.5 million</strong>. This announcement comes two months after his primary residence, where he passed away in July 2025, was listed for nearly <strong>$11 million</strong>.
Reports indicate that all active home listings in Nantucket, Massachusetts, exceed one million dollars, with an average listing price of $4.08 million. This real estate market is among the most exclusive in the United States.
A new study reveals that Dubai ranks first in the UAE for luxury real estate, with these properties making up 88% of the total market. This comes at a time when the real estate sector in the UAE is experiencing a notable recovery.
Rivet Out has unveiled its new project 'The Rith Residence', an exclusive home located on Al Jubail Island in the UAE. The project aims to offer a unique living experience that combines luxury with nature.