Results for: Real Estate

Accor and Alesayi Holding have partnered to establish Abraj Omar Hotel & Residences Makkah – MGallery Collection, a luxurious hotel and residential complex in the heart of Makkah, Saudi Arabia. The development will feature 276 opulent hotel rooms and 214 branded residences, along with a range of amenities including a business center, a state-of-the-art fitness facility and spa, diverse dining options, and a dedicated children’s playground. The hotel, scheduled to open in 2028, is expected to become an iconic destination, showcasing elegance, opulence, and cultural enrichment, while honoring the celestial legacy of Makkah.

Amidst a volatile real estate market, Invesco Mortgage Capital (IVR) offers a compelling opportunity for income investors with its high distribution yield of 18.5%. Despite its challenging recent history, IVR is positioned to benefit from stabilizing interest rates and an improving outlook for the mortgage REIT sector. With Q1 earnings expected to beat estimates and a long-term strategy that aligns with expectations of interest rate cuts, IVR presents an attractive entry point below $9.

HomeServices of America, owned by Warren Buffett’s Berkshire Hathaway, has reached a $250 million settlement in a nationwide antitrust lawsuit against the National Association of Realtors (NAR) and other brokerages. This settlement eliminates the risk of a larger payout after a jury awarded $1.78 billion in damages in a similar case in Kansas City, Missouri. The settlement requires court approval, and it is expected to bring about changes in how real estate agents are compensated. NAR had previously agreed to pay $418 million in settlement, leading to a combined settlement amount of over $943 million for the industry. This settlement will result in a $140 million after-tax accounting charge for HomeServices.

Last week, 53 residential real estate sales were recorded in Essex County, with an average price of $650,270 and an average price per square foot of $304. The most expensive sale was a $2.3 million house in Short Hills, while the least expensive was a $795,000 house in West Orange. Other notable sales include a $1.5 million house in Glen Ridge, a $1.7 million house in South Orange, and a $1.5 million house in Short Hills.

A spacious two-story home located at 7000 block of Calabazas Creek Circle in San Jose has been sold for $4.16 million. The 2,903-square-foot property, built in 1993, features four bedrooms, three bathrooms, and a two-car garage. The home sits on a sizable 6,300-square-foot lot.

Beloved actor, comedian, and writer Martin Short has added to his Los Angeles real estate portfolio with the purchase of a $2.2 million home in Brentwood’s Upper Mandeville Canyon neighborhood. The property features a renovated all-white structure with four bedrooms and three bathrooms in a split-level living space of over 1,800 square feet. The home boasts hardwood floors, wood-beam ceilings, and sliding glass doors that lead to outdoor entertaining areas, including a seated bar, fire-pit, waterfall, pool, and spa. Short, known for his work on SCTV, Saturday Night Live, and Hulu’s Only Murders in the Building, also owns a primary residence in Pacific Palisades.

A spacious five-bedroom, three-bathroom house built in 1963 has recently changed hands in Palo Alto, California. Situated on an expansive 6,832-square-foot lot, the property features an attached two-car garage and an in-ground pool. The sale, which closed on April 3, 2024, reached a price of $4,320,000, equating to $2,274 per square foot.

Building wealth requires a combination of financial planning, investments, and patience. Investing in the stock market, real estate, mutual funds, gold, bank fixed deposits, public provident funds, and small savings schemes can help you achieve your financial goals. It’s important to conduct research, understand your risk tolerance, and seek expert advice before making any investment decisions.

St Albans, a historic city nestled in Hertfordshire, has emerged as the most expensive city for first-time buyers outside London. With its charming streets, stunning landmarks, and excellent amenities, it offers a desirable living experience albeit at a premium price. The average asking price for a property in St Albans stands at £635,680, while terraced homes, the most sought-after property type, command an average price of £556,293. For those seeking a flat, the average cost is £391,964, resulting in a typical monthly mortgage payment of around £1,454 for a 35-year term.

Over 1,450 families residing in Gardenia Glory Society in Noida Sector 46 have been facing difficulties in registering their flats due to the builder’s failure to execute sub-lease deeds. The builder also owes approximately Rs 650 crore to the Noida Authority, which has prevented the execution of registries despite the project receiving occupancy certificates in 2019. The homebuyers, who have fully paid for their flats, are feeling cheated and concerned about their investments. Many of them are senior citizens who fear that their dream of owning a home may never be fulfilled.