Global luxury property markets have seen significant growth, with cities like Seoul, Manila, and Dubai leading the charge. Explore how far $1 million can go in these dynamic urban centers.
Luxury Real EstateGlobal CitiesProperty PricesHigh Net WorthPrime Real EstateReal Estate NewsMar 05, 2025
Seoul, Manila, and Dubai have seen the highest growth in luxury property prices, with increases of 18.4%, 17.9%, and 16.9%, respectively.
In Seoul, $1 million can buy a lavish penthouse with city skyline views or a spacious, modern apartment in a prime location.
The main factors driving the growth in Manila's luxury property market include a growing economy and increasing foreign investment.
Key attractions of luxury properties in Dubai include unparalleled views, luxurious interiors, and a range of exclusive services such as 24/7 security and private beach access.
Buyers should consider the potential for capital appreciation and rental income, as well as the competitive market and high demand, and should conduct thorough research and work with experienced real estate professionals.
The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.
The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.
Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.
Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon
Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.
The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.