If you are interested in Real Estate and the effect of the economic crunch on the world real estate climate, here is the latest report from Reidin, a consultancy. Their latest report claims that in spite of the global meltdown Dubai is one of the most expensive emerging property markets today. The city ranked first among 59 cities in 34 emerging markets, with the highest average residential property prices. Reidin has based its analysis from data gathered from advertised...

A developer in Miami is really trying hard to sell his luxury condos. The developer is giving away a Lamborghini Gallardo Spyder with each condo. He has joined hands with Lamborghini Miami and both brands believe this will be good for business. The Miami beach development 'South of Fifth' is surely gathering a lot of publicity due to this gimmick. We know that times are hard for both the housing and automotive market, so this strategy is rather ambitious....

The recession does have its good points. Say for instance the drop in prices of various homes and mansions making them affordable to those who have saved during this tough credit crunch. Here is just another example of a beautiful mansion that has suddenly become affordable to many billionaires after its price came down from £55million to £45million ($65.5 million) in just a year. Named the Hugh House (after Hugh Grosvenor, 2nd Duke of Westminster), this elaborate mansion in...

Richard Fuld, the disgraced chief executive of Lehman Brothers who led the 158 year old investment bank to its downfall last September, transferred his ownership of a $14 million Florida mansion to his wife for $100 in a possible attempt to safeguard his assets from the reach of the infuriated investors of the bank looking for compensation. The couple had jointly owned the Jupiter Island property which they brought in March 2004 for $13.75 million and the ownership was...

What would you do if you were feeling homesick? Probably look at old pictures or make that special soup your mom always cooked for you. But not Mr. Safi Qurashi. The Dubai based businessman, missed his hometown so much that he finally purchased its replica! Yes, the guy bought himself the Great Britain Island for a whopping £43 million ($59 million). The island is a part of the amazing “world”, a man-made archipelago off the coast of Dubai, where...

We all love freebies, but a free 2009 Bentley Continental GT? That's like the mother of all freebies. A Scottsdale developer is planning on giving away this fabulous car on purchase of one of its multimillion-dollar custom homes in Paradise Valley. Okay, so now it makes sense. You need to be a millionaire in the first place anyway to get this baby. This car will be parked by Five Star Development in the driveway of two of its custom...

I think the economic crisis only exists in the minds of the people! I refuse to believe that people are facing a severe credit crunch. To support my statement is this piece of news: Michael Schumacher gifted an island by Dubai prince. Yes, I am sure all of you agree now when I say that the economic crisis is just a joke on us middle class people. This wealthy prince Sheikh Mohammed bin Rashid Al Maktoum, the crown prince...

What does owning a house that is touted as the most expensive in the world, with 20 acres of grounds with hundreds of olive, cypress and lemon trees tended by 50 gardeners mean? It means its not yours for sure and if its yours, then you are that anonymous Russian buyer, who lives in this truly incredible house. I hope calling it a house isn't a massive understatement. A month ago we heard rumors that Russian billionaire Roman Abarmovich...

There are those who just seek a roof over their head and those who seek luxury in all they do. The Bader House caters to the latter kind with some exotic room designs and stunning interiors. Even the car parking is something that’s worth taking notice of. The parking is actually in the living room! The glasses in the house run from floor to ceiling and have a neon glow around them. The exterior of the house has a...

Touted to be one of the world’s premier resorts the Palm Island is the self declared Eight wonder of the world. Shaped like a Palm tree, it consists of a trunk, a crown with 17 fronds, and a surrounding crescent island that forms an 11 kilometers long breakwater. The island is 5 kilometres by 5 kilometres and its total area is larger than 800 football pitches. The crown is connected to the mainland by a 300-metre bridge and the...

I am glad that you are done counting the zeroes in the price tag. The most expensive house on earth has a lot to do with the French connection that binds it. Located in Monte Carlo, France, the house spans a whopping 10 acres of sprawling land that is placed in a little crib of natural surrounding. Originally, the house was meant to be for Belgium's King Leopold’s mistresses and went on to be passed down to the hands...

Well, Asia has its luxury standards and Hong Kong has just paved the path to a new trend of over priced residential dens across the area. The record was set when a flat on the 80th floor sold for 225,000,000 Hong Kong dollars. This is almost equivalent to $28.8 million. The flat is a 5,497 square foot wonder and is fully equipped with a swimming pool, a roof-top terrace and a view of Hong Kong's Victoria Harbour. The flat...

When you decide to finally put all of those life’s savings to you and settle down in a home far away then think about this ‘little’ place in Hawaii. It’s called the Slyngstad Residence and is located on the isle of Maui. The tropical region provides you with the salty sea breeze and luxurious house with massive rooms and exotic views takes you to paradise. The backyard is landscaped and the courtyard reminds one of Roman times....

The recent news hovering on the streets of Bangkok is the development of Belgravia Residences. Situated at Sukhumvit, the city’s business and shopping district, Belgravia Residences offers unparalleled accessibility and convenience. With just 48 four-bedroom units in this exclusive private enclave, each at 300 sq m, residents at Belgravia Residences can come home to a tranquil and spacious urban sanctuary, away from the bustle of the city. Each apartment in the complex’s two seven-storey buildings will feature designer interiors,...

When you plan to move to Britain make sure that you're based at Harbour Reach in Poole, Dorset. The rents of the flats out here are extremely low. And when I say low I mean £75 (~$146) a month! Most of the citizens living out there get their bills paid for by the state. The houses are blessed with fantastic views, brilliant room structures and verandahs with fantastic views. What else can you expect from a flat in the...