Luxury Real Estate

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

By Jawad Tackoen

In the same way that Dubai is the jewel in the crown of the Middle East, Marrakech is the jewel in the crown of Morocco – Africa. It already has much of the infrastructure in place, a recently developed airport and sustainable tourist numbers.

People have been buying property in Morocco for years. However at this moment in time Morocco is expected to become one of the world’s most sought-after areas for property investment.

Morocco benefits from over 300 days of sunshine per year – the country has a climate comparable to the Mediterranean climate. The summers are hot and the winters are mild, making Morocco a perfect year-round destination.


Even the world's rich and famous are buying properties in Morocco. This is not only due to the fact that buying property in Morocco is a sound investment, but also because they can continue living in the same luxurious lifestyle in Morocco as they can enjoy in traditional locations like St. Tropez or Monaco. Marrakech is becoming the Saint-Tropez of the Maghreb.

Marrakech has a recently modernised airport, lots of beautiful golf courses, restaurants, supermarkets, exclusive clubs and bars such as Nikki Beach & La Plage Rouge…


Expect the unexpected…
Morocco has it all: Art galleries, boutiques, museums, gardens, snow-capped mountain views, golf courses, opera houses, American schools, restaurants, supermarkets, theatres, etc.

Golf
Year-round sunshine, high-quality greens and an easy airport commute; Marrakech has everything the avid golfer could care for. With five courses to be completed by 2009, Marrakech will take a prominent spot in a golfer’s diary.


Skiing
It’s not what you would expect from Africa, but Morocco does have a successful ski season. The high Atlas Mountains are the most popular destination and the ski season usually lasts from December to March.

Where should you buy your property?

Medina
Best buys are close to the gates, called “babs,” as these are near to parking and Gueliz (new city). If you are renting out your property, then close to the famous Jmaa el Fna appeals.


The Palm Grove / Palmeraie
Suburban Marrakech is anywhere outside of Gueliz or Hivernage and the Medina. The best suburban neighbourhood is the Palm Grove, around 10 kilometres out of the city off the Route de Fes. The Palm Grove is where the rich and famous build their pads. Other popular spots include the Route de Ouarzazate, Route d’Amizmiz and the Route de l’Ourika south of the city.

Gueliz and Hivernage (New city).
Newest part of the city also called ‘Nouvelle ville.’


We achieve our results through hard work and we are constantly examining our services and the market to achieve the highest professional and ethical standard.

By Patrick Randi Real Estate

Patrick Randi opened his real-estate agency on the left bank of Paris in 1989. Since that date, our office has been playing an important part in the sales on the left bank, which includes the famous V, VI and VII districts and arrondissements of Paris.

While the V district is the oldest, it features many XVI-century buildings, made out of stones and beamed ceilings. It is a colorful district, attracting many students (the Sorbonne), and the apartments are generally smaller and charming.

The VI district is a mixture between the V and the VII centuries, with different periods of construction going from the charming little place to the more exclusive residences.

The VII district is prestigious since, historically, in the XVII, XVIII and XIX centuries enormous mansions with unbelievable gardens were built. Most of them are occupied by French government institutions (Hotel Matignon, house of our Prime Minister), therefore leaving less space for privately owned properties. It is divided in two different areas: St Germain, which is busy with hotels, restaurants and high-end shopping, and the Champs de Mars (Eiffel Tower), which is more residential and quiet. Foreigners adore these three districts, the entire world enjoy walking their attractive streets, where watching is an endless game to play. The Marais is quite similar to the left bank, very active and intriguing.

We also sell many properties on the right bank, the most exclusive being the VIII-century (Avenue Montaigne) and the XVI district (Etoile). These areas are glamorous and we have for sale there a choice group of XIX district apartments. Foreigners also find there the Museums (Grand Palais, etc.), the restaurants and shopping, they are attracted by wider avenues and very large flats (10,000 square feet on Avenue Foch or Avenue d’Iéna), suitable for clients from Russia, the Persian Gulf and United States. In Neuilly, the exclusive suburb of Paris, we handle sales of large mansions with enormous gardens, it is a greener space.

Old prominent French families(most of them a client) live in all these privileged arrondissements, in secluded and amazing properties, featuring the parquet floors, fireplaces and moldings, marvelous showcases for precious family antiques.

The attraction of Paris all over the world is always growing and therefore it may take some time finding the property of one’s dream. Private individuals, as well as investors, are willing to place their money on an ever-increasing market and take advantage of a unique lifestyle.

In Paris, the supply has never been able to keep up with demand, and the prices increase accordingly.

Our most important sales have been to French tycoons, Europeans, Americans, Persian Gulf residents and now we start to welcome Russians and Asians, all of whom are looking for a typically Parisian apartment.

We are lucky enough to be confronted each day with this diversity and vast history. It is fun to encourage and help our foreign clients to «play the French», showing them the open air-markets, the quaint unknown areas, all the little «codes» that make up the French mind or way of life. If we take good care of our long-time French families, we enjoy very much meeting and helping clients from all over the world to settle in Paris for a while or why not forever?


Editor’s Note:
Patrick Randi is the Founder and President of Patrick Randi Real Estate in Paris, France. He is a distinguished member of Who’s Who in Luxury Real Estate. This is a great blog entry, giving us a taste of the French luxury market and Parisian delights. By the way, Paris is where the 4^th Annual Luxury Real Estate International Conference will be hosted. Be sure to sign up for it! The photo is from www.flickr.com/photos/tangysd/2139262874 and it is the copyright of skinnydiver.

By Robert Lockard

On Friday, June 13, 2008, Ewing & Clark, Inc. closed on the sale of a Lake Washington waterfront home in Seattle for $13,300,000, marking the second-highest Seattle real-estate sale in the past eight years. John Brian Losh, Betsy Terry and Jane Powers were the listing agents of the property. This home includes 6,000 square feet of living space, a tennis court and boathouse on a 20,000-square-foot lot with 146 feet of shoreline.

In February, they closed on a home at 1620 Washington Blvd. on Lake Washington for $15,800,000. These are the second- and third-highest sales in Seattle history and the two highest sales in Seattle in eight years. Congratulations!


Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. Ewing & Clark is a member of the Board of Regents.

By Robert Lockard

Great news from Florida! The state's real-estate market is well on its way to recovery, according to Jim Cramer in an excellent video from TheStreet.com. Click the link to check it out.
 

Editor’s Note:
Robert Lockard is the Public Relations & Media Specialist with LuxuryRealEstate.com. I am Robert. I create all of Luxury Real Estate’s newsletters, write the editorials in LuxuryRealEstate.com Magazine and much more. Rob Thomson, the Co-Owner of Waterfront Properties & Club Communities and a member of the Board of Regents, pointed out this excellent story to me. Thanks for sharing the good news, Rob! The picture above is from www.flickr.com/photos/kowax09/127385974 and is the copyright of Olivier Bareau.

By Meghan Barry

If you have ever visited the LuxuryRealEstate.com Headquarters in Seattle, near the historic Pike Place Market, you may have been to the rooftop deck on top of our building. A popular spot for staff gatherings and summertime lunches, this deck boasts expansive views of Puget Sound and Downtown Seattle. What a perfect place to view Fourth of July fireworks!

In-city living often has its limitation with access to the outdoors. However, on LuxuryRealEstate.com there seems to be ample opportunities to purchase a home with the convenience of a metropolitan location, yet with a ground-floor garden, multilevel terraces, or rooftop decks.

This is an appealing option on New York City, listed by Stribling & Associates, Ltd., in the heart of Chelsea’s gallery district. Looks like the perfect place for a hip Fourth of July barbecue.

www.luxuryrealestate.com/749432


Or this one in Boston, listed by Hammond Residential GMAC Real Estate. You can almost hear the fireworks… and the drum beating of Minutemen.

www.luxuryrealestate.com/869190


A 2005 Recipient of The Carolopolis Award for New Construction, this home has maintained that quintessential Charleston style, with a modern updates. What a stunning view! It’s listed by Disher, Hamrick & Myers.

www.luxuryrealestate.com/610485


Editor’s Note:
Meghan Barry is the Executive Vice President of LuxuryRealEstate.com. She works closely with CEO/Publisher John Brian Losh to organize a variety of Luxury Real Estate programs, events and services. Each of the brokers who represent the properties in this blog entry is a member of the Board of Regents, the governing body of LuxuryRealEstate.com. There are plenty of ways to enjoy the Fourth of July, and hopefully you’ll have a great holiday.

By Jean-Yves Piton

History, the country of the Cathars, châteaux, sun, Mediterranean, Pyrenees, good food, vines, Canal du Midi and enjoyment of life? All of this is in the Aude. Straddling the Black Mountains, the Pyrenees, the plains of the Lauragais and the Mediterranean Sea, the Aude – a section of the Languedoc Roussillon region – has more than 310,000 inhabitants spread over 6,200 square kilometers. With its exceptional climate, varied countryside and fascinating history, the country of the Cathars invites you to learn more about it.

Carcassonne
Carcassonne is the only town in Europe fortified by a double enclosure that is still inhabited. The oldest parts of it date back to the 6th century BC. This magnificent fortress has been classed as an UNESCO World Heritage site since 1997 and is without doubt the most beautiful jewel in the south of France. 2,500 years of history to be discovered...

Today, the best way to visit Carcassonne is to wander up and down its little streets and, even better, to do so with a guide. There are, however, certain sights which shouldn’t be missed: the Basilica of Saint Nazaire, begun in 925 AD and completed in the first half of the 12th century; the château, built in the 12th century by the Trencavel family, Viscounts of Carcassonne; the Porte Narbonnaise, the gateway recognizable by its two huge towers in the shape of a spur; and finally the Lices (Lists), the area between the two enclosures which used to slope up the hill but was leveled in the 13th century.

The Canal du Midi
14 years to build, 15,000 workmen, 350 works of art (bridges, locks...), 240 kilometers long, this is the work of Pierre Paul Riquet, who began in 1663 in the reign of Louis XIV. The Canal Royal du Languedoc, today called the Canal du Midi, was classified as a UNESCO World Heritage Site in 1996. It was built to link the Atlantic to the Mediterranean and is an exceptional architectural achievement to be enjoyed on boat cruises, cycling along the tow-path or simply strolling in the shade of the 300-year-old plane trees.

Medieval sites
There are a multitude of medieval sites to visit in the Aude. From Cathar castles to abbeys, from fortified villages to underground caves, not to mention churches and museums – all bear witness to the area’s rich and varied history.

The Mediterranean
As soon as the sun arrives, the Mediterranean awaits you just 60 kilometers away. You can spend the weekend or even longer on some of the most beautiful beaches in the “Golfe du Lion” either via the motorway or the very pretty road through the Corbieres.

The Pyrenees
The ski resorts of the Pyrenees are just over an hour away. These resorts are just as beautiful in the summer as they are in the winter. In addition to skiing, they offer snowshoe walking, sleigh rides, horse riding, fishing, climbing and rafting.

The Aude
The Aude is also an important wine-making area, producing a wide variety of very different appellations.

First, the oldest sparkling wine in the world (dating back to 1531) is Blanquette de Limoux, using Mauzac, Chardonnay and Chenin grape varieties. It is aged in bottles and is drunk as an aperitif or at the end of a meal.

The vineyards of Limoux also produce a fabulous Chardonnay. A large festival called “Toques et Clochers” takes place each year around mid-April. Some of the greatest chefs and vintners in the world come to this to buy oak barrels of the Chardonnay at auction. The profits from this go towards restoring local church towers (clochers).

The Corbières, with its narrow valleys cutting through the hilly landscape, is home to many well-known wine producers. Its reputation dates back to the time of the Roman occupation and its wines are full-bodied and spicy. They improve with age.

The Minervois is one of the oldest Mediterranean wine areas. Its name comes from the ancient city of Minerve, a Roman stronghold built in honor of the Goddess of Wisdom. Its wines range from the exceptional Muscat de Saint Jean de Minervois, to be drunk with “foie gras” or as an aperitif, to steely whites to accompany seafood and reds and roses to go with barbecues and main courses, and even “cassoulet” for the more spicy wines.

Fitou is a very dense area on the edge of the Mediterranean that produces full-bodied wines with flavors characteristic of the most famous “grands crus.” Wines to be kept and to accompany richer dishes.

Cabardès, on the chalky slopes of the south face of the Black Mountains, combines Cabernet, Merlot, Cot, Syrah and Grenache grape varieties. These wines are known for their aromatic complexity and balance.

And finally the Malepere, a wild area of stony terraces and gentle hillsides, produces wines that are strong, supple and generous with flavors of vanilla and red fruits. Merlot, Cabernet, Grenache and Syrah are combined to make wines to accompany red meats, cheeses and casseroles.


Editor’s Note:
Jean-Yves Piton is the Global Services Membership Manager for LuxuryRealEstate.com. He assists Bente Madtsen, the Director of Global Services, in expanding the LuxuryRealEstate.com brand into even more countries around the world. Wow, this is a long blog entry. There are lots of great details in here about southern France. R. Chayla Immobilier is a member of LuxuryRealEstate.com located in Carcassonne, France.

By Meghan Barry

Today I spoke with Jon Larrance of Perry and Co. in Denver, Colo., a member of the Board of Regents. I had called to thank Jon for completing a recent membership survey that we sent to our entire membership. Jon had a lot of great ideas and constructive feedback.

It is very important for us to receive honest input from members. We take this feedback very seriously, using it to refine our programs and products. Particularly in a challenging market, service is key. Communication with your customers can help you to provide top-quality service.

Just for fun, I took a look at some of the Perry & Co. listings on LuxuryRealEstate.com. If I ever move to Denver, I think I want this one: www.luxuryrealestate.com/850804



Editor’s Note:
Meghan Barry is the Executive Vice President of LuxuryRealEstate.com. She works closely with CEO/Publisher John Brian Losh to organize a variety of Luxury Real Estate programs, events and services. Like Meghan said, we really appreciate your feedback about our conferences and other services. Feel free to contact your Account Manager to let us know how we can better serve you.

By Brian Langhorst

Rollie Jordan, our longtime member in Cherry Creek, Colorado is hosting an open-house charity cocktail reception at one of her listings in the Denver Country Club. All of the proceeds, including a suggested donation, benefit TAPS (Tragedy Assistance Program for Survivors (www.TAPS.org). Please contact Rollie Jordan at rolliejordan@aol.com or 303.336.0336 for more information. Click the link below to view the full invitation in a PDF.

By Brian Langhorst

Did you know that we track the number of listings that you upload that do not have addresses? We are undertaking a membership-wide commitment to improve the quality of the data/listings that are on LuxuryRealEstate.com.

This is a very exciting and strong opportunity for all of us. When you enter your listings with accurate information it helps us to provide tools and accurate search results for your and our end customers – the buyer! So please enter all the information you have on to all of your listing on LuxuryRealEstate.com!

Please contact me to speak more about your listings and how to get the most out of your membership with us. Email me at blanghorst at LuxuryRealEstate.com.


Editor’s Note:
Brian Langhorst is LuxuryRealEstate.com’s Membership Manager. He meets members’ unique needs through the dynamic services LuxuryRealEstate.com provides. We at LuxuryRealEstate.com are committed to providing excellent service to brokers around the world and to buyers and sellers, as well. Be sure to take the time to contact Brian to find out more about how you can make your listings more effective on our Web site.