The billionaire behind one of the UAE’s biggest property developers is taking the company he founded private, saying Dubai’s nascent real estate rebound is here to stay. “Amazing,” Damac Properties founder Hussain Sajwani said on Monday when asked to describe the recovery in Dubai’s bust-to-boom property sector, which is on an upswing after years of
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zxvisual | iStock | Getty Images Like many other renters during the pandemic, Trish DaCasta nabbed an apartment that she normally couldn’t afford. The upgrade was a big one: She was able to leave the place she’d been sharing with roommates for more than five years for a studio of her own in a luxury
A pending sale sign in front of a home in Miami. Getty Images Pending home sales, which are a measure of signed contracts to buy existing homes, fell an unexpected 2.3% in September compared with August, according to the National Association of Realtors. Analysts were predicting a slight monthly gain. Sales were 8% lower compared
A plunge may be looming for cryptocurrencies, housing and disruptive technology stocks tied to innovation. According to Rich Bernstein, an Institutional Investor Hall of Famer, the nation’s expiring easy money policies and historic supply chain backlogs are posing serious risks for some of the market’s most popular investments. “There’s a whole series of bubbles going
Reza Estakhrian | The Image Bank | Getty Images Opportunity zone fund investments are back. Granted, they never went away, but after generating a great deal of attention a few years ago, much of the excitement surrounding them died down. However, investors are starting to pay attention again, with lawmakers in Washington, D.C., mulling proposals
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California. Getty Images Mortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months, according to the Mortgage Bankers Association. That caused mixed demand for mortgages last week, resulting
The Great Lakes are often called the nation’s third coast, and the past five years in the region have been the wettest on record. While the lakes don’t exactly correlate to rising sea levels, Chicago now sits in just as precarious a position as oceanfront cities. Heavier rainfall and more frequent droughts are now causing
Sandcastle, one of the most well-known homes in the Hamptons, has finally sold for $31 million, Gimme has learned exclusively. The buyer, we hear, is a Florida billionaire who plans on spending time there with his grandchildren. The 15-bedroom, 17,000-square-foot home at 612 Halsey Lane in Bridgehampton was built by developer Joe Farrell. Over the
It doesn’t exactly scream serial killer vibes. Penn Badgley, who stars in psychological thriller series “You,” which centers around a bookstore clerk who has murderous obsessions with women, shelled out a modest $1.825 million for a Brooklyn pad. Made up of three bedrooms and two bathrooms, the former “Gossip Girl” star closed on the Park
If you can’t help but wonder what it would be like to be Carrie Bradshaw for a day, now’s your chance. For just $23 a night, Airbnb is offering guests a chance to stay at a re-creation of the iconic “Sex and the City” character’s brownstone apartment — walk-in closet included. While Sarah Jessica Parker’s
A 17th-century Italian villa used to host royalty has now gone up for auction. And it’s being auctioned with no reserve – meaning the property will be sold, regardless of price. Known as Villa Litta Carini, and situated 45 minutes outside Milan, the highest bidder will become the new owner of the 16-bedroom, 16-bathroom historic estate.
Aussie financier Michael Daffey, the Goldman Sachs veteran and Bitcoin biggie who paid $51 million for pedophile sex predator Jeffrey Epstein’s Upper East Side mansion — as Gimme revealed exclusively — has sold his Noho penthouse for $24.6 million, according to city property records. The buyer is Eric Schmidt, the ex-Google boss famed for dating scores of
Burrito baron Steve Ells, Chipotle’s founder and ex-CEO, has secretly snapped up a $29.5 million West Village townhouse. But the superrich spread won’t even be his primary residence — he’s just using it as a crash pad until his nearby mega-mansion is ready, sources told Gimme Shelter exclusively. “This is just his temporary house. It’s
Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China is closer than ever to taxing property owners, analysts say, nearly two decades after authorities began floating the idea. What’s changed is that Chinese