Author: Staff Writer

Location: Palm Jumeirah, Dubai, United Arab Emirates Price: AED 115 million (US$31.34 million) This contemporary 22,000-square-foot villa that’s right on the beach in Palm Jumeirah offers an extensive suite of amenities, including a rooftop terrace, a pool, a cinema room, a gym and parking for multiple cars. “The villa has an underground basement, which is very rare for Palm Jumeirah,” said listing agent Fernando Prado, of Christie’s International Real Estate Dubai. It also has a car lift, he said. “You can park eight cars in the villa so it’s perfect for a car collector.” The villa is a “well-designed shape that was elaborated in a way…

Overall capital values in major global cities will remain positive this year, with a luxury home price growth of 0.6% predicted across the 30 cities Savills analyzed in its Prime Residential World Cities Index, according to a report from the British real estate company Friday. This price growth is down from the 2.2% registered in 2023. Of the 30 cities, Savills has forecasted that 13 will equal or increase price growth this year, with Sydney and Dubai leading, as Savills predicts both cities will benefit from increases in their high-net-worth populations.  In Sydney, which led the 30 global cities, there’s…

Cristiano Ronaldo is no stranger to luxury homes, and from the looks of his most recent real estate investment, the Portuguese soccer star is putting down roots in the United Arab Emirates following his first season with Saudi Arabian professional football club Al Nassr.   The fleet-footed forward, who inked a roughly $200 million-per-year deal with the Riyadh-based team, just purchased a mansion in Dubai, The Daily Mail reported. The 38-year-old striker’s alleged new, not yet built home is located on Jumeirah Bay Island, an exclusive man-made oasis known to locals as Billionaires Island, and is expected to be completed later this year, in 2024, people familiar with…

The founding family of Skechers has officially added another piece to their ever-growing SoCal real estate portfolio. Records indicate an entity tied to the Manhattan Beach-based footwear brand has forked over $15.4 million in an off-market deal for the house immediately right next door to a Los Angeles-area parcel they already bought for $16 million back in spring 2019. Together, both properties span about three-quarters of an acre and cost a combined $31 million. The Greenbergs’ latest Hermosa Beach addition is a traditional three-bedroom, four-bath home with almost 2,800 square feet of single-level living space perched atop an attached two-car garage. Built back in…

Back in October, an oceanfront Del Mar house sold for a whopping $44.1 million, sending shockwaves through the quietly posh Southern California beach town and setting a new record for the most expensive San Diego County home ever sold. The out-of-left-field, off-market transaction came even as the San Diego real estate market has effectively stalled over the past year, with the deal pipeline choked by high interest rates, recession fears and low inventory. And the transfer also eclipsed Bill Gates’ recent $43 million purchase of an arguably more impressive house on the same strip of sand. Property records indicate the $44 million house was purchased by…

Billionaire Steve Wynn is looking to get lucky with finding a buyer for his spectacular Beverly Hills mansion, which he recently listed for $135 million. The sprawling 2.7-acre estate, which includes a 27,150-square-foot main house, was originally built by Guess cofounder Maurice Marciano in the early 1990s, but has since been updated and expanded under Wynn’s ownership. (The casino mogul bought the place about five years ago for $48 million.) Set far back from the street on a private cul-de-sac in the lower Benedict Canyon neighborhood, the estate boasts 11 bedrooms and 16 bathrooms, with an elevator that travels between floors. Roger…