This week the overseas property news sector has been dominated by US real estate news from Los Angles, New York , and the UAE property markets
LA real estate attractive to international buyers
Roger Vincent reporter for Los Angeles Times writes that Los Angeles is in a more favorable point in its real estate cycle than other markets are in theirs, said Todd Tydlaska, a CBRE broker who specializes in investment property sales. “Rents in other markets have really run up” in recent years, he said. “L.A. was late to the recovery and still has room for rents to rise.” Property prices in Los Angeles are also considered a bit of a bargain by international standards, Tydlaska said. “L.A. is still a value compared to San Francisco.”
Even though investors remain bullish on Los Angeles, it may be hard to top the volume of money spent there last year, he said, when some enormous deals took place. Among the biggest were the $1.34-billion purchase of four Westwood office buildings by local real estate investment trust Douglas Emmett Inc. and the Qatar Investment Authority, as well as the $511-million purchase of the Colorado Center office complex in Santa Monica by Boston real estate investment trust Boston Properties Inc. Another was the $429-million purchase of two Playa Vista office buildings by New York landlord
Read full article at LA Times
New Yorks Private Islands For Sale
Zachary Kussin of The New York Post Aging owners largely account for the availability of several private island listings. As family members grow older and less interested in maintenance, they decide to sell. But that doesn’t mean it’s easy. New to market is a cluster of private islands, listed together for $50 million. They’re just one example of the private-island “boom” taking place across the Long Island Sound in Connecticut. One of them floats just off Darien, Conn. — a 7.1-acre island capped with a single 8,332-square-foot residence. This car-accessible estate at 20 Juniper Road includes five bedrooms with Long Island Sound views, a pool and a dock for $17.5 million. More here http://nypost.com/2017/03/23/on-island-time-in-the-tri-state-area/
UAE Real Estate Developer Targets International Audience
Dubai Properties, DP, a Dubai-based real estate master developer, has announced its continued strategic partnership with the International Property Show, IPS, taking place from 2nd to 4th April at the Dubai World Trade Centre. Masood Al Awar, Chief Officer Commercial at Dubai Properties, said, “Our participation at the International Property Show will highlight our continued role in the growth and development of Dubai’s real estate market over the last decade. This is a perfect platform for us to showcase our projects to an estimated 16,000 visitors and carry out direct sales to our end-users. With a broad choice for end-users and investors in residential and commercial real estate across the full spectrum of the market, we have something for everyone.” more at Dubai Properties
