Luxury Real Estate

By Robert Lockard

A while ago I stepped back from writing about luxury real estate to discuss a terribly destructive force that threatens to destroy families and make people miserable: debt. I would like to discuss something that I find to be just as dangerous as addiction to debt – the illogically high cost of earning a college degree.

I read a potentially explosive story on CNN yesterday about a bubble in the cost of higher education that makes the real-estate bubble or the tech crash in 2000 look tame in comparison.

I’d like to start by talking about my experience in college. When I attended college not too long ago, tuition and book costs were already getting out of hand, although they were manageable. I attended a community college in Washington state for my first two years to obtain my Associate’s degree. I had hoped to transfer to the University of Washington to complete my Bachelor of Arts in Communications, but the cost was prohibitive and, even though I graduated with honors and on the Dean’s list, I still had to wait a long time to enter that college.

Instead, I decided to accept a scholarship at Brigham Young University in Provo, Utah and that turned out to be a very smart decision. In addition to the positive environment that beautiful campus offered, the cost of attending there was relatively low compared to my other options and I was able to pay for my entire education without going into hardly any debt. I am one of nine children, and my parents wisely told me that I would have to find a way to pay for my education by myself. Through a great deal of hard work and tight budgeting, I made it through without having to burden my family members.

During my time in college, I kept my mind focused on why I was there. I wasn’t there to waste time or take frivolous classes; I was there to finish my degree as quickly and as meaningfully as possible so that I could put my skills to use. I am grateful for the opportunities my college degree has opened for me. However, education costs are rising so fast that there might not be much reason for people to attend college in the future.

I would probably be sympathetic to colleges if the reason for the rise in education costs was because they were improving their education techniques or doing other things that would warrant such cost increases. But the truth is that this is not the case. Many colleges are increasing tuition costs for no other reason than because they want more students to apply. It seems to defy logic, but it’s true. Colleges appear to be playing a game that they will eventually lose. When they raise prices, people assume that they must have done so because they are more prestigious or offer better learning opportunities and so the colleges usually receive an increase in applications. This pattern cannot last forever.


Education is extremely important. It allows people to rise from humble circumstances and it also helps them make informed decisions about where they want to go in life. By making education worthless, colleges are doing a great disservice to their students. By worthless, I mean that the cost far exceeds the rewards. Greater cost does not always mean greater return on investment.

Increases in healthcare, energy and real-estate costs don’t even come close to touching the rise in education costs, as you can see in the graph in the CNN article. Knowledge is power, and if the cost of education becomes so high that that the benefits of earning it become small in comparison then we will be in big trouble. I am not suggesting that college degrees be easier to obtain or that unqualified people should receive an education without working hard. I am suggesting that colleges are in danger. They spend much of their increasing amount of money on frivolous amenities that do not improve their educational services or make their students’ diplomas any more valuable. Posh restaurants, nicer dorms and other foolish perks are unimportant for students who are simply hoping to receive the education they need to progress in life.

At some point people are going to realize that an education is not worth living under such an extreme amount of debt to obtain. When that day comes and colleges must cut their tuitions drastically, many cherished institutions will most certainly be unable to cope with this dramatic shift and they will come crashing down. Destroyed by their own pride and haughtiness. They will discover that they have spent their money on things that have no value and they are unable to offer students what they promised: an honest education.

I dislike focusing on something so negative as this, but I think it deserves special attention. Thank you very much for your comments. Feel free to let me know what you think of the state of higher education.


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. I apologize again for sounding so negative. I am a very hopeful person and I trust that things will turn out right in the end. The photo of the bleeding wallet is from www.flickr.com/photos/adobemac/161319144 and it is the copyright of adobemac. The photo of the door is from www.flickr.com/photos/ben-zvan-photography/468487548 and it is the copyright of Ben Zvan.

By Aaron Wheeler
From his blog: Up, Down, Sideways – Which Way Is The San Francisco Bay Area Market Going?


As a part of being Real Estate 3.0, I talk about Wall Street financial sophistication. I love numbers and statistics, and it is important to keep them in mind when evaluating any opportunity.

I’m happy to make available the research that I use to stay on top of market conditions here in the San Francisco Bay Area and in Las Vegas too.

If you go to my research widget by clicking here and letting me know which areas you are interested in, you will receive a weekly executive summary report for almost any city in the area, from San Francisco to Pebble Beach and everything in between (Interested in Las Vegas instead? Email me with information on the areas you are interested in and I’ll send you a current report right away). Each report is loaded with vital statistics showing price trends, inventory and the unique market action index that gauges whether we are favoring a buyer’s or seller’s market. (Generally, index values above 30 favor the seller.)

If you like what you see and would like to become a client, I will upgrade you the full report, which will go into depth as to what makes each market area tick.


Editor’s Note:
Aaron Wheeler is the President and Managing Broker of Oakville Properties in the San Francisco Bay Area. You can find additional great blog entries like this at the Oakville Properties Blog. Oakville Properties is a member of Luxury Real Estate. This blog entry can also be found on the Luxury Lounge, for those of you LuxuryRealEstate.com members who have accepted the invitation to join that new networking group. Research is key to finding the right opportunities at the right time. Aaron is an awesome resource for buyers and sellers in the San Francisco and Las Vegas luxury home markets. I definitely recommend taking his advice and contacting him to gain all the knowledge you can from him.

By Brian Langhorst

Photosynth is one of the latest projects from Microsoft to come out of their Live Labs group and development business.

This unique program will take photos that you specify from your camera or computer desktop and find the similarities in each photo and create a visual presentation piecing these photos together. It might be hard to see what the big deal is based on this short description, but I encourage you to visit the Photosynth site and you will better understand just how fascinating this new tool is.

I feel this tool will be great for luxury real estate agent and brokerages. How many times have homebuyers or sellers commented that photos do not properly capture a unique or special high-end listing? This new tool from Microsoft could be a great way to create more eye-catching presentations to allow potential buyers to see the luxury property in its true form.

Our team here will be sure to continue to present our members with the most innovative tools and opportunities, such as Photosynth, for their business.

I look forward to hearing your thoughts and feedback on this new tool!


Editor’s Note:
Brian Langhorst is LuxuryRealEstate.com’s Membership Manager. He meets members’ unique needs through the dynamic services LuxuryRealEstate.com provides. It seems like there are endless possibilities and new technologies being created all the time. It will be very exciting to keep an eye on this Photosynth program and other innovative Web tools coming out. Thanks for the heads-up, Brian! The photo above is from www.flickr.com/photos/tommybart2000/2688931093 and it is the copyright of Thomas Barthelet.

By Jim Walberg
From his blog: East Bay Real Estate Community Supports “Stand Down”!

2008 “Stand Down” serves 600 homeless veterans at the Alameda County Fairgrounds August 7th - 10th!

Another example as to how your real-estate community and its service providers continue to give back to the needs of the Bay Area was demonstrated on Friday, Aug. 8 at 5:30 a.m. at the Alameda County Fairgrounds. Members of the REALTORS® Marketing Association served breakfast to a “village” of war veterans.

Every two years the Diablo Valley Vietnam Veterans Association arranges for an entire “tent city” to be set up in the East Bay so homeless veterans can be served. “Stand Down” is a term used during war to describe the practice of removing combat troops from the field and take care of their basic needs in a safe place. That is exactly what has been created for 600 homeless veterans this week. The RMA contracts Ruggie’s Restaurant in San Ramon to supply ALL the food they serve.

REALTOR® Mike Weber, a member of the Diablo Valley Vietnam Veterans, is the person who continues to invite the real-estate community to be a participant in supporting this important project. They always say YES! Some of the services available for these lost, but not forgotten, veterans are:

- Medical facilities to serve their health needs – including dental, plus a follow-up care program.

- A “field court” with county judges to fast-track clearing up legal issues that may be preventing these veterans from securing employment.

- Job-placement services that also assists them in having DMV re-issued driver’s licenses.

- Assisting with identifying residential opportunities.

- A complete barber shop, new clothing, shoes and other basic clothing needs.

Members of the Diablo Valley Vietnam Veterans were inspired to create the first East Bay Stand Down in 1999 in order to provide a respite from the “streets.” In the midst of all the services provided, their commitment is to treat each of these veterans with respect and dignity. Most of us are unaware, and maybe don’t want to know, that there are about 154,000 homeless veterans on the streets of our cities on any given night. Just in our Bay Area there are over 7,000 homeless veterans! An even sadder statistic is that a BIG number of these veterans have little or no contact with Veteran Administration for either medial or financial aid. Stand Down directly addresses the issue that cannot be ignored any longer - aiding and assisting veterans in need to improve their lives, no matter how difficult it may be to do so.

The first Stand Down was held in San Diego in 1988. It has now been integrated into over 200 cities around the country with over 200,000 veterans and their families being served. A key objective is to break the cycle of the homeless epidemic within the veteran community. These are the men and women who have served our country, and we need to make sure they are not forgotten.

A quote that is appropriate for their mission is, “A community is often judged by how well it takes care of its own.” Serving the needs of those who have served to protect and create Freedom in the world is a worth activity for all of us to consider. Please contact Stand Down or Jim Walberg if you want to personally get involved, or to make financial contributions. Also, contact me any time to find out about other service opportunities for Bay Area community projects. Until next time… your East Bay real estate detective remains on duty.


Editor’s Note:
Jim Walberg is the co-Broker/Owner of The Bay Area Team, the most-successful team at Keller Williams Realty-Danville. He is also a member of the global LuxuryRealEstate.com network. Jim is an exceptional blogger, as you can see by visiting his blogs, East Bay Real Estate and Caribbean Islands Realty, and reading his great blog entries like the one above. He is the master of fractionals and other luxury homes in the Bay Area and the Caribbean, and he always has a lot of great opportunities to share. Philanthropy is awesome. We should all follow the Golden Rule as we go about our many activities in this life. Great people aren’t those who leave behind the most wealth when they die, but those who bless others’ lives and seek to lift their brothers and sisters on their shoulders. Luxury properties are what we sell, but people are who we serve.

By Robert Lockard

Nick Antonicello, Director of Sales for Unique Homes, pointed out an interesting story to me last week in the Los Angeles Times Blog. You might have already heard about it, but I just want to put in my two cents about the whole affair.

Peter Viles, Senior Producer for Real Estate at LATimes.com, wrote in his blog entry that Donald Trump, possibly the best-known real-estate developer in the world, is seeking to buy Ed McMahon’s mansion to save him from foreclosure.

In an even more bizarre turn of events, Mr. Trump now might be having some competition for buying Mr. McMahon’s luxury home. That’s according to a new blog post today by Ann Brenoff, author of the Los Angeles Times’ weekly “Hot Property” feature.

As Mr. Spock would say, “Fascinating.”

To be honest, I’m not sure what to make of this story. I mean, Mr. McMahon certainly seems like a good man who simply let his finances get out of control until he went from delivering oversized million-dollar checks to being unable to pay for his multimillion-dollar luxury property. His story just seems remarkable and bitterly ironic.

Since he went public with his mortgage troubles, it appears that Mr. McMahon will now be able to make it through this difficult experience fairly well. Competing offers on a house that’s about to be short sold is pretty impressive, I think.

I guess, in the end, my point is: Is this justice? I mean, not everyone can be helped like this. Is Ed McMahon’s celebrity status the main reason why he is receiving this attention and assistance? I’m uncertain of the answer to these questions. I hate to see anyone suffer, but is some suffering just while other suffering should be alleviated, and how do we judge that?

I believe that life is generally good, although it is difficult and filled with perils. Mr. McMahon seems to have had a very good life, gaining much more success and fame than most people will ever know. I feel bad that he is facing failure near the end of his life, but perhaps that is a lesson he needed to learn. I am sure we all must face failure and seek to succeed afterwards. Hopefully we will learn to be better people in the process.


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. I was really tempted to call this blog entry “Wake up with the King” Luckily, I refrained. You can share your blog entries on the Luxury Real Estate Blog by emailing them to me. By the way, ordinarily I would link to the two blog entries above via their TrackBack links, but they don’t appear to be working, so I just used their regular links. The photo of Mr. Spock is from www.flickr.com/photos/cultureculte/2306916969 and it is the copyright of culture.culte.

By Andrew Harper

Many people have a list of places they’d like to visit before they move on to the next world; here are a few American suggestions of my own.

For conversation’s sake, I have avoided the obvious targets, but a stroll across the Golden Gate Bridge or a trip up the Empire State Building is still definitely worth it.

Though we are lucky to live in a beautiful country, I have focused on smaller, man-made locales, simply because a catalog of pretty American places could stretch on forever.

This list is admittedly subjective, but it comes from 30 years of professional wandering. Some places are more well-known than others, but all share a sense of tranquility and wonder.

And since I review small boutique hotels for a living, I have included nearby recommended places to stay. Happy travels!

Madison Valley, Montana

Montana’s Madison Valley, which runs between the Madison and Gallatin ranges down to West Yellowstone, is magnificent Lewis and Clark territory. This is unspoiled land, vast and uncompromising – everything you hope Big Sky Country will look like. Harper Recommended Hotel: The Lodge at Sun Ranch.

San Francisco de Asis Church, Ranchos de Taos

Famously painted by Georgia O’Keefe and described by her as “one of the most beautiful buildings left in the United States by the early Spaniards,” this handsome adobe mission a few miles outside of Taos Pueblo yokes together a staggering five centuries of American history. Harper Recommended Hotel: Casa de las Chimeneas, Taos.

Whaling Museum, Nantucket

At its whaling peak during the first half of the 19th century, the small island of Nantucket had 88 ships scattered across the oceans. The Whaling Museum is wonderfully evocative of this era (plenty of scrimshaw and rusty harpoons), and out-of-season Nantucket Town, with its Greek Revival mansions and cobblestone streets, is equally enchanting. Harper Recommended Hotel: The Wauwinet.

Battery District, Charleston

The historic Battery District of Charleston, South Carolina, home to dozens of stately antebellum mansions, is one of the prettiest American neighborhoods I’ve ever explored. Follow the promenade along the shores of the Charleston peninsula; Fort Sumter, where the first shots of the Civil War were fired, sits broodingly across the Cooper River. Harper Recommended Hotel: Planters Inn.

Isabella Stewart Gardner Museum, Boston

Housed in a charming Venetian-style palazzo, this gem of a gallery displays works by Rembrandt, Michelangelo, Whistler and Sargent. It’s small enough to tour in an hour or so, and you can spend the rest of your time enjoying the sunny, flower-filled courtyard. And if your name happens to be Isabella, you get in free. Harper Recommended Hotel: XV Beacon.

The Four Seasons Restaurant, New York

If you had to choose only one restaurant in New York City to visit, the Four Seasons Restaurant would be the one. The city’s prettiest dining room was designed by architects Mies van der Rohe and Philip Johnson, and astutely hasn’t been touched since its introduction in 1959. The Pool Room is a study in muted sophistication, despite some of the outsized egos at the tables. Harper Recommended Hotel: The Lowell.

The Rothko Chapel, Houston

This small, non-denominational chapel located just off the Menil gallery in Houston’s Museum District seems unassuming at first, but spend some time surrounded by the 14 mysterious paintings by Mark Rothko, and it may start sinking into your skin. Harper Recommended Hotel: St. Regis.

The Huntington Gardens, San Marino, California

Mr. Huntington did quite well in railroads, and he’s left us with a wonderful afternoon escape just outside of Los Angeles. After admiring some of the spoils of his industry – a Gutenberg Bible, a Shakespeare folio, Thomas Gainsborough’s “The Blue Boy” – venture out into the superb botanical gardens, home to dozens of unique environments: an almost eerily authentic Japanese garden, a lily pond straight out of a Monet painting, and an entrancing collection of cacti. Harper Recommended Hotel: Hotel Bel-Air.

Robie House (Frank Lloyd Wright), Chicago

The Robie House, the world’s first modern home, was designed in 1908 by architect Frank Lloyd Wright, and still seems startlingly contemporary 100 years later; with its broad horizontal lines and sleek art glass windows, it looks like a modernist yacht. Wright himself showed up to protest the planned demolition of the house (it was to be replaced by a seminary dormitory) at the ripe old age of 90. Harper Recommended Hotel: Four Seasons.

The Oregon Coast

Highway 101 along the Oregon Coast swerves through 360 miles of jagged cliffs, rocky outcrops, sweeping dunes and temperate rain forests. The coastline lacks deep harbors, so there are no large cities here – just old logging towns, fishing villages and the occasional artist colony. And the entire coast is public land, which makes for excellent picnic opportunities in rugged and remote spaces. Harper Recommended Hotel: The Stephanie Inn, Cannon Beach.


Editor’s Note:
For more information on this company, contact Margaret Temple, the Business Development Manager at Andrew Harper in Austin, Texas. Andrew Harper is an exclusive partner with Luxury Real Estate. This is some great advice for travelers seeking great deals. For more than a quarter century, Andrew Harper has explored the world as an incognito traveler. Always paying his own way, his unbiased reviews of the finest hotels, villas, yachts, restaurants and culturally authentic travel experiences are legendary. Through a variety of media, complemented by highly personalized travel planning services, members of Andrew Harper’s luxury travel club enjoy the resources to dream, plan and realize an unparalleled level of globetrotting. This blog entry is chock full of great information, just like Andrew Harper’s previous blog entry. Be sure to keep checking back at the Luxury Real Estate Blog for scoops like this!

By Brian Langhorst

I have heard many times over that print is dead, but this is false information! Whoever is saying this does not know the audience for luxury homes and their habits. Yes, people look to the Internet for information and, according to a National Association of REALTORS® survey, over 80% of home seekers are starting their search online for real estate.

The main question we should think about is how do they know where to look for real estate online? The answer is print!

I had a very interesting conversation yesterday with Victor Lund, co-Founder of the WAV Group. He said that the typical consumer segment of the luxury property market still looks through newspapers, magazines, and other print media for news and information. Customers need guidance and print provides this guidance to learn more about real-estate opportunities on the Internet. With a proper call to action this high-net-worth audience will be driven to your website through your print advertising campaign.

I look forward to your replies. Let me know how we can help you create targeted print ads to drive more traffic to your website.


Editor’s Note:
Brian Langhorst is LuxuryRealEstate.com’s Membership Manager. He meets members’ unique needs through the dynamic services LuxuryRealEstate.com provides. Victor Lund was so kind and helpful when he came to the Luxury Real Estate headquarters here in Seattle. He had a lot to share about our Web site, which is the most-viewed luxury real estate site in the world, and many other topics like the one Brian just discussed. It’s always nice to meet nice geniuses and well-grounded visionaries. The photo above is from www.flickr.com/photos/joebeone/2528716096 and it is the copyright of joebeone.

By Jim Walberg
From his blog: Cayman Islands Fractionals Are Some Of The BEST In The World!

“The Waterford” on Grand Cayman is setting a new standard of excellence with Caribbean fractional ownership!

You know that I am not only a fan of fractional ownership in the Caribbean, it has been the hottest real estate purchase options for the past year. I have let you know about the opportunities in the Cayman Islands in the past, but what is unfolding at The Waterford on Grand Cayman continues to evolve into one of the top luxury properties in paradise. Grand Cayman is the ultra-chic island in the Caymans. It has the international shopping, high-end nightlife, along with the traditional Cayman-style homes and a rich Caribbean history. George Town is the on Grand Cayman and it is the capital of the Cayman Islands. George Town is also the fifth largest financial center in the world!
 

Grand Cayman luxury real estate is some of the most valuable and prestigious you can find in the tropics. The Waterford Private Residence Club is Grand Cayman’s newest oceanfront luxury resort at Safe Haven overlooking the islands North Sound with breathtaking views of Rum Point. The Waterford is offering purchasers of an oceanfront villa for $1,700,000 US – pre-construction! They are also offering 1/8 fractional ownerships starting at $329,000 US – re-construction! The end result will be one of the most amazing turnkey, fully furnished, luxury properties in the Caribbean!

You will not believe all the luxurious amenities that are available for you and your guests. Here are a few of them so your imagination can run wild for a moment or two:
- Use of a car during your stay – Land Rover, Mercedes, Audi or BMW
- Boat privileges - a Boston Whaler complete with your very own captain!
- Private jet services are available for booking a direct flight to Grand Cayman!
- Golf and tennis club membership!
- The Waterford Spa – a 5,000 square-foot, full-service spa and fitness center!
- Two sprawling crystal blue pools right along the sandy beachfront!
- The Waterford Cigar Room – one of my favorites!
- An unmatched 24-hour concierge, maid and valet services.
- How about a pre-arrival grocery shopping service? Your kitchen will be stocked!

Are you getting the picture? The Waterford is creating an unforgettable experience for each of their owners. From the moment you arrive until the moment you depart, you will experience the most pampered lifestyle I have ever seen, right in the heart of paradise - the Caribbean! Your staff of professionals is on call every day to make sure that ALL of your needs are met! An added feature is that The Waterford staff speaks English, Spanish, French and Italian.

With its prime location on Grand Cayman, The Waterford provides its owners the ultimate Cayman Islands real estate opportunity by combining the advantages of ownership with five-star amenities and luxury resort services. All of the residences have breathtaking oceanfront views, elegant furnishings, and luxury amenities and services beyond any of your expectations! If you have ever dreamed of owning your own luxurious vacation villa in the Caribbean then you may want to seriously consider The Waterford Private Residence Club on Grand Cayman. Contact me TODAY for the next steps to take in order to find out how easy it is to secure your spot in paradise. Until next time… your Caribbean lifestyle detective remains on duty!


Editor’s Note:
Jim Walberg is the co-Broker/Owner of The Bay Area Team, the most-successful team at Keller Williams Realty-Danville. He is also a member of the global LuxuryRealEstate.com network. Jim is an exceptional blogger, as you can see by visiting his blog, Caribbean Islands Realty and reading great blog entries like the one above. He is the master of fractionals and other luxury homes in the Caribbean, and he always has a lot of great opportunities to share. Excellent!

By Robert Lockard

Jim Walberg, the co-Owner/Broker of The Bay Area Team in San Francisco, told me something really cool a few days ago. He said, “Bloggers are the most open and sharing community I have found on the Internet. They want every blogger to win!” I have definitely found that to be true.

As a blogger, I often find myself learning a great deal about what is effective and what is not from other bloggers with more experience than me. I have received a lot of positive feedback and support in my blogging from Eric Kodner, a luxury homes Broker with Wayzata Lakes Realty and Madeline Island Realty. Eric is an awesome blogger, and he has more than 110,000 points on ActiveRain.

In addition, I just did a simple search on ActiveRain for “blog tip” and I found a whole bunch of great ideas for improving my own blog posts. I particularly like Ronnie Roach’s Blog Tip of the Week. He confirmed my suspicion that I should use a different term than “blog” to describe each post I write. Another great resource is the Daily Blog Tips Web site.

There are many other examples out there, but these show how helpful and open the blogging community is. Jim is right! He’s been blogging for two years and he currently has two blogs, one called Caribbean Islands Realty and another called East Bay Real Estate. He also contributes many of his blog posts to the Luxury Real Estate Blog, which I appreciate very much.

I appreciate all the people who take the time to let me know when they agree with what I write and those who share their disagreements, too. Feedback is very helpful, and bloggers are often happy to give it. In fact, I hope you feel free to let me know if you think I’m a little naïve on this topic or to share your own experiences with helping fellow bloggers or receiving help from them.

By the way, Jim shared this quote with me as I was writing a news release about his upcoming presentation at the 13^th Annual Luxury Real Estate Fall Conference on effective blog strategies and tactics and the positive effects that can come from blogging. This event will be in Philadelphia on October 11-14, 2008 and you're welcome to attend.


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. You can share your blog entries on the Luxury Real Estate Blog by emailing them to me. Thank you very much! The photo of Rosie the Blogger is from www.flickr.com/photos/notionscapital/2493066577 and it is the copyright of Mike Licht, NotionsCapital.com.

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