Property site Lamudi lists five properties in emerging markets around the world that have a price tag of around $1 million.
Prime house prices in Dubai fell 1.1 per cent year-on-year in Q1 2015 while showing a 1.9 per quarter-on-quarter decline.
The project will house more than 2,000 hotel apartments and residences.
Top brands such as Prada and LVMH’s Christian Dior still baulk at the idea of selling clothing online.
DAMAC Maison The Vogue and NAIA Breeze have a joint capacity of more than 500 suites.
The residential project will feature 99 four-bedroom villas priced from Dhs7.7 million onwards.
Prices for Trump PRVT mansions will start at Dhs6.5 million.
Wealthy individuals in the three GCC nations especially spend on imported luxury goods and premium travel, finds new report.
The series of private island villas will be located within the OQYANA World First development forming the continent of Australasia.
Banana Island Resort Doha is the group’s first property in Qatar.
Increased tourist flows to the region have catapulted the Middle East into the top global market for luxury spending, a new report says
Wasl Asset Management plans to open four three-star hotels in the emirate next year.
Luxury managers often see digital media as a threat, but digital channels offer powerful connections with customers, say David Dubois, INSEAD assistant professor of marketing and Debbie Teo, INSEAD MBA ‘12.
The Christie’s name will soon be facilitating the sale of more than just art and watches in the UAE.
Luxury SQft will focus on the UAE’s affluent areas and will have only 100 real estate agents promoting their properties.
The study noted that 33 per cent of the UAE residents expect to step up their luxury spending over the next few months.
The new luxury hotel, which is scheduled to open by 2018, will be operated by Anantara Spa and Resorts, the developer said.
The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.
The Chronomat Airborne became the world’s first ever watch that was launched live on-board the jumbo jet.
With 25 to 35 per cent of buyers in Dubai depending on mortgages, regulations that limit lending have been instrumental in easing the growth in luxury house prices.
The offer is open to investors in Damac projects in the Burj Area, Dubai Marina, Jumeirah Village and AKOYA by DAMAC.
The introduction of mortgage caps has been instrumental in dampening the buyer activity this year, research has found.
Hotels can actually increase guest spending by up to 24 per cent by targeting guests with individually relevant information.
The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.
Shangri-La will manage the 52-level luxury hotel in Nakheel’s Palm Tower development.
A Can Am Spyder joins the police’s fleet of luxury supercars.
The Bulgari Hotel, located off the coast of Jumeirah Beach Road, will comprise 100 rooms and suites.
Three properties in Kuwait, London and Edinburgh join the group’s new luxury collection
Dubai’s ICD has agreed to buy about 46 per cent of Kerzner International, sources say.
Situated in an upscale hotel district in Guangzhou, the project is scheduled to open in 2015.