Luxury Real Estate

Courtesy of Rimontgó

Tourism in Murcia received a massive boost recently, when it was announced that Paramount Pictures was to build a theme park in the region.

Competing directly with Disneyland in Paris, this well-known and highly regarded brand will provide a real shot in the arm for Murcia’s already thriving tourist trade. The appeal of such a large theme park will make the area even more attractive to families, a fact that clearly is not lost on Murcia’s Councillor for Culture, Pedro Alberto Cruz, who returned from a trip to Dubai with a letter from Michael Bartok, Executive President of Paramount.

This ambitious project has the added advantage of cinematographic studios, which will become Paramount’s European centre of movie production.

Cruz is already predicting that Murcia will become the leisure centre of Spain, with a 2.5km² complex containing 15,000 hotel beds and creating an estimated 20,000 jobs, which will also be music to the ears of local workers.

The amount of money to be invested has not yet been confirmed, but it is thought that private investors will also be invited to participate in the project.

This announcement will undoubtedly have a positive effect on the property market in the greater region, with insiders predicting a marked increase in demand that will be felt in nearby Alicante and well beyond. Florida – Orlando in particular – experienced a huge upswing in property sales, with families buying holiday homes in the area both as investment and rental opportunities, and also as a base from which to enjoy regular visits to Disney World.

Once construction of the theme park begins it is likely that demand for property in the region will markedly increase, so this is a golden opportunity for investors to purchase real estate at the lowest rate that it will experience for some time.

Courtesy of: Greg Moesser of Rodeo Realty

Following an International Agent Around the World

By Katharine Angelo of Bel Air Magazine

This international agent is not a gun-toting 007; instead he’s a real-estate agent that specializes in worldwide luxury properties. The name is not Bond, James Bond, but Moesser, Greg Moesser, Vice President of the Private Estates division of Rodeo Realty in Beverly Hills, and he’s a man that’s doing something different. Today almost every real-estate company advertises international marketing, but many companies define that as just having a few affiliated international property websites. Agent Greg Moesser’s business model is much more hands-on, bringing on-the-spot knowledge to the worldwide properties he represents. In a recent conversation, Greg revealed his undercover secrets to taking his luxury real-estate business to a global level.

BAM: How long have you specialized in international marketing?

GREG MOESSER: It began about seven years ago when I had two inquiries from my website, one was from a European buyer and the other was a vacation rental request from the Middle East. After specializing in the luxury market domestically, I found that many clients, instead of just moving locally, are often moving between global cosmopolitan cities. The number of foreign buyers in our market has also risen steadily in the last few years. This is even more true today with the weaker dollar and the recently devalued world property markets, such as Spain, Ireland and Dubai, just to name a few. Now I have inquires every month from all over the world on my website www.LAClassicEstates.com.

BAM: Why do you think you have been so successful in this exclusive niche?

GM: The difference is personal networking and connections. Agents and buyers want to work with someone they know and trust. You can’t achieve that by just marketing a property on a bunch of global websites. When an agent from New York, San Francisco, London, Dubai or Paris has a client for Los Angeles, they will call me first, because I have an established personal relationship. My approach takes a lot more effort and planning, but it gets results. It’s also a great advantage to my seller clients, as they get the benefit of both an extensive local and international market representation.

BAM: Where have you been already this year?

GM: In January I attended the International Luxury Real Estate summit conference in Rome, Italy. This is a worldwide group of top agents, owners and presidents of leading firms that meet annually to discuss global property trends and strategies to market luxury properties. In March I attended the MIPIM conference in Cannes, France. The agenda included meetings with top agents, buyers and investors, foreign ministers and even the American ambassador. I was also in Punta Del Estate, Uruguay performing some property research for a client.

BAM:What is the Private Estates division?

GM: The Private Estates division at Rodeo Realty specializes in representing multi million-dollar properties in Southern California’s premier luxury markets. Our specialists are able to provide the highest level of expertise, professionalism, personal attention and discretion that is simply not available at large companies or franchises. Our international database is second to none, including our Luxury Real Estate affiliation with luxury agent specialists in over 60 countries worldwide.

BAM: What’s currently your most interesting property?

GM: I just did a price a evaluation on an extraordinary pre-war, French-style estate in Hancock Park that was featured in one of the first issues of Architectural Digest and should be coming on the market soon. I’m also excited about my latest international project. I’ve been selected as the exclusive U.S. agent for the Residenza Del Lago Azure in Lake Como, Italy. This is a rare new luxury development of 28 villas and apartments and should be completed by early next year.

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By Ann Adenius of Signature Residences Worldwide 

Strategically located at the exclusive Dubai Marina, the luxury Pentominium will a rise up a majestic 120 floors. An individual residence will take up a complete floor of the tower providing over 6,500 sq.ft of unsurpassed private world class luxury. Each floor will have its own exclusive private foyer with each unit equipped with state of the art biometric access control.

Pentominium is being designed by award winning, world renowned architects Aedas. Interior design is being undertaken by Hirsch Bedner Associates, exclusive designers of Ritz Carlton, Grand Hyatt and Four Seasons worldwide.

Selected penthouses with bespoke design of Salvatore Ferragamo are now available. The Salvatore Ferragamo penthouses are fully furnished and include everything required for a luxurious lifestyle.

To mention a few key features, the luxury penthouses are equipped with a state-of-the-art 50" LCD TV and Bang & Olufsen Home Theatre System, custom designed Bulthaup kitchen with top of the range appliances from Gaggenau. You will also be able to choose between a Baby Grand Piano or a bespoke cocktail bar as well has have the opportunity to have an exclusive consultation with an Interior designer from Salvatore Ferragamo for soft furnishing selections.

In addition to the bespoke interior, you will also have full access to the private Ferragamo Beach Club at The World island. You will be able to take advantage of a special yacht styled and designed by Ferragamo and you will also be granted a membership to an exclusive car club.

There will be a dedicated Concierge Service by Quintessentially, the international private members club. This service will be available 24 hours, 7 days a week to cater to every requirement of the Pentominium residents - whether local or global.

Additionally, through its series of unique alliances, Pentominium residents will be owners on a shared ownership basis to a fleet of premium automobiles including Rolls-Royce Phantom that come as a part of this unique lifestyle experience Pentominium has to offer. This experience will be further accentuated with world renowned Azimut yachts for leisurely trips across the expanses of the Arabian Gulf.

The luxury residence building boasts a world renowned Spa, exclusive to its distinguished residents which will be run by Six Senses Spas, the operator of a number of premium world class health resorts around the world.

All public areas at the Pentominium will be crystallized by Swarovski with each individual unit fitted with state of the art sound equipment provided by Bang & Olufsen, while Pentominium’s exquisite Cigar Lounge will be by Davidoff and its business lounge that is to overlook Dubai’s majestic Palm Islands will be accessorized by exclusive Tiffany & Co. accessories.

These luxury penthouses for sale in Dubai offer the ultimate expereince.

Price from AED 19,446,048 (approx. US$5,294,337)

For further information, contact Signature Residences Worldwide, www.signatureresidencesworldwide.com ,email info@signatureresidencesworldwide.com or call +44 20 7095 8703

By Iain Stewart

As recently reported by Nadine Hawa in her CNBC article “International Brands Eye Dubai Real Estate,” all eyes are on Dubai at this moment. In her article, Hawa notes that world-famous real-estate developer Donald Trump is particularly interested in “The Palm Jumeirah.” While many other international luxury brands are also seeking to build new luxury developments in Dubai, current new constructions, such as Verde Residences and Offices, are going totally green and present the most innovative eco-friendly technologies and amenities.

The Power of Green
Spanish for the color green, Verde symbolizes the very essence of life and all things living in perfect harmony with the elements. An expression that conjures up a sense of wellness and optimism for the future of our planet, Verde reinforces the eternal belief that making peace with nature is prerequisite to making peace in the world and finding peace within VERDE.

Verde – The Project
The next big thing in contemporary lifestyle, Verde elevates environmental consciousness to a whole new level. Towering over the clear blue skies of the world’s first purpose-built maritime centre that is Dubai Maritime City, Verde Residences and Offices are designed to achieve Gold Standard rating (LEED). It combines the best of luxury and green engineering to offer you a new investment opportunity in the most exciting freehold waterfront community in the heart of Dubai.

Like the prow of a ship, the elegantly curved glass tower that is Verde Residences points directly towards the harbor, enhancing its relationship to the ocean and marina, and its prominence within Dubai Maritime City. Masterfully designed to open up panoramic views to the ocean, Verde’s orientation and shape allows it to shield itself from the strongest solar gain yet harness the wind, and features an integrated wind turbine at its top, where wind speeds are the greatest.



Verde Residences
The 40-story residence tower includes luxurious 2- & 3-bedroom residential units and 4-bedroom deluxe harbor-side townhomes. With a swimming pool, kids’ pool, gymnasium and world-class retail and leisure facilities, Verde Residences offer a plethora of amenities that bring day and night alive.

Verde Offices
At the heart of Dubai Maritime City, the world’s first purpose-built maritime centre, Verde Offices set a new international standard for a high-performance building. Shaped to harness the power of natural forces, Verde Offices utilize advanced technologies and climate appropriate building systems to offer tenant profitability through increased productivity. With podium offices and the unique sky garden, Verde Offices offer various exercise and leisure spaces that are embellished with trees, plants and generous water features; an oasis that promises a respite within the confines of the high-end business experience.

The Location
Dubai Maritime City, the world’s first purpose-built maritime centre, is a 227-hectare, fully-equipped, iconic and multi-dimensional maritime centre providing a world-class infrastructure and environment for the global maritime industry and related sectors. Dubai Maritime City is driven by the needs of both local and international marine and maritime communities for a dedicated hub.

Located at the heart of Dubai, next to Port Rashid, Dubai Maritime City capitalizes on the strengths of Dubai as a regional and international hub for trade and commerce, redefining the global maritime industry. It will provide a strategic location for the maritime industry sectors across the full spectrum of maritime business, maritime management, maritime services, maritime retail and recreation, maritime education and research, ship and yacht repair and maintenance.

Green Technology
Buildings can have a profound effect on the environment, and the way we live our everyday lives. And Green Building brings to life the philosophy that architecture must strike a balance with its environment. It is the practice of increasing the efficiency with which buildings use resources – energy, water and materials, while reducing the building’s impact on the environment through better site planning, design, construction, operation and maintenance. Verde, like a classic Green Building, takes advantage of renewable resources, through solar hot water, photovoltaic cells, a grey water system, and an efficient glass facade with integral shading devices, to name a few of the techniques to achieve not only ecological but aesthetic harmony between a structure and its surrounding environment, natural and constructed. The triumph of Green Building practices and sustainable systems in Verde can reduce electricity usage and carbon emissions to such an extent that it is as good as planting over 300,000 trees or taking 340 cars off the road.


Editor’s Note:
Iain Stewart is the Luxury Specialist at Whole World of Property. He is a highly respected figure in the international property industry, specializing mostly in Dubai, Abu Dhabi, London, Berlin, Caribbean, New York, Chicago, Los Angeles and India. He can be contacted at +44 (0)207 788 7994 or +44 07910 891 917. This is great – a blog entry on Dubai just after we heard from an expert on another city rising in international importance, Marrakech, Morocco. It’s great to see so many Luxury Real Estate members enjoying success in their global markets