LP.com

The Hong Kong real estate market has once again captured attention, particularly with The Mount Austin luxury residence on Stubbs Road in The Peak. According to market reports, a luxurious mansion recently leased successfully for a staggering HK$800,000 per month, setting a new high in the area at HK$175 per square foot.

Dubai, the charismatic city renowned for its unique allure, is carving out its own illustrious chapter in the global luxury real estate market. With continued investments and government support, Dubai is poised to maintain its leading position in the global luxury real estate market in the coming years.

In recent years, Dubai's luxury property market has garnered significant attention not only for its high property prices but also for the sustained interest from ultra-high net worth individuals (UHNWIs) in the city's luxurious residences. The latest data reveals a sharp decline in housing supply across Dubai's prime residential areas such as Emirates Hills, Jumeirah Islands, Jumeirah Bay Islands, and Palm Jumeirah, plummeting by 47% to 2,851 units over the past year.