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      Forget Florida. Retirees Are Moving Overseas and Settling Down in Dubai.

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      When many people in the U.S. think of retirement, they often imagine the wide beaches and crystalline waters of Florida. However, more and more retirees are being lured by more far-flung locales, such as the ritzy city of Dubai.

      The UAE metropolis has had a surge in pensioners looking to relocate abroad, and for some pretty compelling reasons, too. Aside from year-round sunshine, the gleaming urban desert paradise is known for its dazzling skyline, beautiful beaches, internationally acclaimed golf courses, and bustling arts and culture scene. Another chief attraction is the country’s citizenship programs, which make securing long-term residency available through investing in real estate.  

      “Although Dubai is not a typical retirement destination like Greece and Spain, we are seeing an increasing number of retirees settling in Dubai,” Maximilian Stamm, head of Engel & Völkers Private Office EMEA, tells Mansion Global. “Recent changes in government regulations have enabled residents to secure long-term golden visas and residencies, making it easier for retirees to stay in the city.” 

      Full-time and part-time retirees have a variety of housing options, from amenity-rich high-rise condos to swanky beachfront villas and epic mega-mansions. Prices range from $800,000 to more than $10 million, depending on the home’s size and the neighborhood. “Retirees seeking opulent living experiences usually live in Palm Jumeirah, Jumeirah Golf Estates, Dubai Marina, Dubai Hills Estates, and Downtown Dubai,” Stamm adds. “These locations offer breathtaking views, accessibility to world-class amenities, and various leisure activities.” 

      More retirees are moving overseas and buying property in Dubai.

      David Cannon/Getty Images

      According to Honey Deylami, executive partner at Luxhabitat Sotheby’s International Realty in Dubai, branded residences are especially popular among retirees because of their five-star hotel-like offerings. Think on-site wellness facilities, Olympic-sized swimming pools, tennis courts, and lavish spas. Recently, a not-yet-built penthouse sold for a record-breaking $115 million. The unit is located within the Jumeirah Marsa Al Arab resort, which will feature a 387-room hotel, 82 residences, and a superyacht marina when it’s complete. 

      For active types, the Arabian city has no shortage of recreational options, including horseback riding, golf, indoor skiing, padel tennis, and kayaking. And if your goal is to simply relax and enjoy your golden years, you’ve got one of the world’s most glamorous cities at your fingertips. “From swanky rooftop bars to trendy Michelin-starred restaurants, the city truly offers a vibrant social scene that caters to all tastes,” notes Stamm.   More

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      Forget Vacation Homes. These Luxe Alternatives Give You Second—or Third—Residences Without All the Paperwork

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      If you’ve been looking to buy a vacation home in the past decade, it may have crossed your mind that a fractional or club-based alternative might be a viable and attractive alternative option. Proponents suggest it offers the ideal compromise: all the upside of having a second or third home, with none of the admin or paperwork to keep it operational. But the various approaches can be confusing, and it seems almost deliberately muddled, with overlapping terminology and complementary, yet distinct, business models. So here, a pithy primer for anyone considering a part-time home away from home. 

      Residence Clubs

      Timbers Resorts

      The earliest incarnation of luxury fractional residences was this model, which derives from the time-share concept. Think of it more like a plug-and-play second home for your annual vacation. Typically, a residence-club developer will build several properties in a desirable, well-known location—Hawaii, perhaps, or Tuscany—bundling ample services and amenities alongside the units. It will then sell the right to stay there for several weeks per year to multiple shared owners, who each receive a deeded interest in that specific unit. Some schemes allow you to trade those weeks with other owners, but you’ll usually return to the same property repeatedly. 

      Key Players: Timbers Resorts, Pacaso Best For: Traditional second homers 

      Destination Clubs

      Inspirato

      The destination club emerged a decade or so ago and could be thought of as the more youthful sibling of the residence-club model. “Younger consumers are less motivated by owning than by flexibility, variety, and different experiences, so some are deciding that owning something in perpetuity doesn’t always make a lot of sense,” says Richard Ragatz, president of Ragatz Associates, a consulting firm in the resort real-estate industry. Rather than locking owners in with an equity stake, these operate more like passport-powered country clubs with an initiation fee and annual dues; there might be occasional surcharges for particular overnights, too. “You have no equity, but you have access to great vacation homes as well as access to hotels or trips like Antarctica or a safari,” says Nick Copley, a shared-ownership expert who runs SherpaReport. “Whatever the annual spend, though, it’s a sunk cost with no equity accruing year on year.” 

      Key Players: Inspirato, Exclusive ResortsBest For: Adventure-minded younger families 

      Equity Clubs

      Equity Residences

      This investment-minded alternative acts as the vacation world’s answer to a real-estate investment trust. An operator will create a fund, much like a VC, and offer individuals the chance to invest, say, $300,000 for one share. The fund will use those monies to buy up to 15 properties, all of them wholly owned and operated by a management company; each share confers the right to stay for three weeks per year at any of the locations. At the end of an agreed period, perhaps a decade, the fund will begin to sell its homes and divide the spoils among its investors. “There should be a financial return if the managers have done a good job, though I haven’t seen hard numbers on ROI,” says Copley. “They take on board investor feedback. But make sure, if it’s an up-and-running fund, that where they said they intend to buy jells with where you want to travel.” 

      Key Players: Equity Residences, Equity Estates Best For: Real-estate speculators with wanderlust 

      Other Options

      21-5

      Keep an eye on another approach that takes the equity club even further, reshaping it more in the image of a Manhattan co-op. With the rather literal approach of 21-5, a Danish company, 21 families pool their resources to buy five places in different destinations—an Alpine ski lodge, perhaps, or a beachfront villa in Greece—and make equal investments; each family is able to spend 12 weeks per year total at these homes. They have control over the investment and can collectively decide when to liquidate a property and replace it with a new home elsewhere. It has successfully operated in Europe since 2011, with more than 1,200 families participating. The recently launched GoForth, founded by a veteran of the equity-club space, Adam Capes, hopes to popularize the idea among Americans using a similar model. 

      Key Players: 21-5, GoForthBest For: Hands-on homeowners keen on complete control  More

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      Luxury Homebuyers Are Turning the Historic Properties of Puglia Into Modern Mansions

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      While fans of The White Lotus continue to flock to Sicily for a set-jetting adventure, wealthy homebuyers have a different region of southern Italy on the brain: Puglia.  

      For those who haven’t been to the heel of the boot, the area is most famous for its traditional stone huts known as trulli, which are strewn across hilltop villages. Elsewhere, rustic, fortified farms called masserias dot the countryside. Today, both types of historic structures are being scooped up by a new crop of luxury property shoppers and reimagined as upscale residences with modern amenities, The Wall Street Journal reported.  

      With demand, however, comes rising prices. Currently, the median price per square foot in Puglia is about $121. In Valle d’Itria, where hotel rates can reach $26,585 a night during peak season, home prices have jumped 9.2 percent within the past year. Currently, a masseria that was overhauled by a famous Italian actor is on the market for $1.72 million. Meanwhile, two brothers from the Bay Area shared with the WSJ their plans for a two-acre compound. The pair, along with their partners, purchased the 3,000-square-foot home last year for $355,000 and estimate they’ll shell out around $320,000 in renovations between the four of them.  

      Wealthy homebuyers in Italy are reimagining stone huts and fortified farms into luxury residences.

      Michele Bella/REDA&CO/Universal Images Group via Getty Images

      Similarly, Paolo Colombo, an architect from Switzerland, doubled down on two hilltop trullis and purchased them for a combined $1.94 million. Afterward, he spent $2.16 million on a full-scale makeover and plans to add a yoga studio and outdoor sleeping areas. Did we mention Helen Mirren also owns property here?  

      Over in Salento, a 6,500-square-foot masseria was the most expensive sale of 2022, fetching a cool $3.7 million. If a 12-bed, revamped castle happens to be at the top of your bucket list, you can nab one close by for $3.56 million. Ellen Bonaventura, a retired New York attorney, added a rundown Salento palazzo to her real estate portfolio almost a decade ago. Since moving to Puglia, she recalls dropping nearly $500,000 on real estate, an additional $3.22 million on remodeling fees, plus $537,000 on local furnishings, antiques, and artwork. “It was always my dream to have a house in Italy,” she told the WSJ.  

      Part of the draw is that Puglia has become increasingly easier to get to, reachable either by high-speed train or two different international airports. Of course, another benefit is living in a literal European paradise.    More

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      First Look: Inside the Luxurious Nobu Residences in Los Cabos

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      Nobu Hotel Los Cabos is about to feel a lot more like home. The Baja California Sur resort has officially unveiled the design of its private residences—and we got a sneak peek inside.  

      The veteran hospitality brand’s Mexico outpost has added an additional 60 residential-style accommodations to its swanky 200-room property, ranging from one to four-bedroom suites that all live up to Nobu’s contemporary, Japanese aesthetic. The luxurious new units act as an extension of the hotel—meaning, they’re only available for guest bookings, not for lease or to buy like traditional residential concepts.  

      “Our goal when creating Nobu Residences was to give guests a sanctuary that they can call home in Los Cabos,” says Richard Sorensen, general manager at Nobu Hotel Los Cabos, in a press statement. “With amplified luxury amenities unique to the residences such as private pools, home gyms, barbecues, and more, new doors are opened to experience the Nobu lifestyle on a personal level, whether it’s hosting private dinners and events, or just spending quality time with family.”

      An inside look at the new Nobu Residences Los Cabos

      Nobu Residences Los Cabos

      From the moment you arrive, you’ll be treated to a private VIP check-in experience and an epic array of exclusive amenities. The latter runs the gamut from your own fitness room and massage suite to a 24-hour personal concierge and an au pair room. If you don’t feel like hitting up any of the hotel’s world-famous restaurants one evening, you can opt for an in-residence meal prepared by a private chef.  

      Each of the 60 residences is minimalist in its design and pays homage to the Baja area with handcrafted decor by local artisans. A fully functioning kitchen, a terrace deck, and a deep soaking tub in the bathroom all come standard with the suites. In the one-bedroom Hikari category, there are either garden or golf course views, a living room, and a dining area spread across its 1,046 square feet. Elsewhere, the 2,051-square-foot Asahi accommodation offers up the same, apart from its two beds and a terrace with a barbecue.  

      Each of the 60 suites comes with an outdoor terrace deck

      Nobu Residences Los Cabos

      The larger Sakyü suite, meanwhile, measures 4,483 square feet and is decked out with one king bed and two doubles. Here, you’ll have a garden view with the added bonus of a private plunge pool. The largest residence is the four-bedroom Kogane Penthouse, spanning 6,141 square feet with either golf course or partial ocean vistas. Naturally, no matter which residence you choose, you’ll have access to all of the hotel’s facilities. There’s a 13,691-square-foot spa and wellness center, four swimming pools, and chef Nobu Matsuhisa–approved fine-dining venues.  

      Starting rates for Nobu Residences Los Cabos begin at $1,600 per night. 

      Click here to check out all the photos. 

      Nobu Residences Los Cabos More

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      Americans Are Flocking to Italian Wine Country to Buy Their Second Homes

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      Having a second home sounds nice. Having a second home in one of Italy’s famed wine regions sounds even nicer.

      Many Americans would seem to agree with that statement. Those looking to buy second homes are flocking to Piedmont, the home of Barolo, according to The Wall Street Journal. Diletta Giorgolo Spinola, the head of residential sales at Italy Sotheby’s International Realty, estimates that the number of Americans asking about the area had jumped about 50 percent at her agency over the past two years alone.

      Along with its reputation in the wine world, Piedmont was instrumental in the creation of the slow-food movement, and it’s a major area for the hunting and buying of white truffles. That makes it an especially appealing area to buyers with a strong interest in food and drink.

      Some are even intrigued by the idea of having their own vineyard. Luca Stroppiana of Langhe Real Estate told the WSJ that vineyards are the new must-have for second-home buyers. He helped facilitate the sale of a $510,000 farmhouse with one to an American couple mainly living in Milan. “We like to drink wine,” said Bryony Bechtold, who bought the property with her husband. “And now we will learn all about the different grapes and how making wine works.”

      At Langhe Property, Americans are actually the No. 1 demographic, beating out the British. And an architect in the area told The Wall Street Journal that Americans are now the majority of her foreign customers. It doesn’t hurt that the US dollar is quite strong, and that the pandemic has allowed for flexibility as to where people can live and work.

      While enjoying the Italian countryside for a few weeks or months at a time does sound great, the Journal didn’t note how locals feel about the influx of out-of-towners. That’s been an issue in other international locales, like Mexico City, where residents became fed up with American tourists and remote workers earlier this year.

      Still, the possibility of animus isn’t turning off the Piedmont-curious. A couple from Kansas who have been visiting Italy for 50 years are gearing up to move the region next year—and even more home buyers seem likely to join them. More

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      Better Than a Hotel? You Can Now Buy Shares in Multiple Homes Around Europe to Travel in Comfort

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      Mélie and Nico Dunod spent years helping clients acquire and renovate vacation homes throughout Europe. Traveling between France, Spain and Italy, they realized how limiting owning one home can be, especially with so many beautiful destinations to discover. This mindset inspired August Collection, a co-ownership model that allows you to own the equivalent of 1/21 of five homes in five different destinations in Europe.

      Founded in 2018, August was built on the idea that the average owner spends just 35 days in their vacation homes per year, and the home sits empty for roughly 11 months.

      Chamonix is a popular year-round destination for outdoor lovers.

      August

      “The more we assisted clients with finding their dream homes, we realized that owning a single holiday home outright in Europe was very limiting, wasteful and full of dichotomies,” says Mélie. “Similarly, no one wants to spend such significant amounts of money on a property they will use for only a few weeks a year, yet they want a home they will be proud of and that is at least as comfortable as their primary residence. We created a model where you own not one but multiple homes in Europe’s best locations, homes all renovated to the highest standards where every single detail is thought through, and for a fraction of the price of buying one home.”

      The homes are designed to exacting standards.

      August

      August has a variety of collections, including the Premium, Signature and Pied à Terre Collections, that offer varying home sizes and destinations for 1/21 ownership. There are also single-family homes with 1/8 ownership offerings. A new line is typically launched yearly; for example, buying into this year’s Premium Collection (the largest property option with four or five bedrooms) gives you access to abodes in the French Alps, French Riviera, Mallorca, Tuscany and the English Countryside for $630,000 (€600,000). The Signature Collection usually offers the same destinations for a smaller home at a lower price. There’s also the Pied à Terre Collection with residences in Cannes, Barcelona, Paris and Rome.  

      Unlike timeshares, you can sell your shares of the homes on the traditional real-estate market and transact its shares like you would any other home. If you want to sell, August can handle sourcing another buyer to purchase your piece of the pie. Also unlike a timeshare, you’ll have real title ownership with appreciation of value. Each home is 100 percent owned by you and your fellow landowners, not August; however the company will manage every aspect of the home, from maintenance to dealing with local taxes and laws to designing the new properties.

      A home in Barcelona.

      Pete Helme Photography

      August also has a point-based booking system that lets you equitably choose the weeks you’d like to spend in the homes. Bookings are released in three batches, with super-peak weeks being the first batch. You can plan a year in advance or book spontaneous trips if your points allow. While in the summer months, destinations such as the South of France are the most popular, August aims to combine buyers who might be interested in the homes at different times of the year. You can also purchase multiple shares in one collection—up to four—to increase the amount of time you’re spending in each location. There’s also a monthly fee that covers utilities and cleaning. 

      There are multiple collections to choose from.

      August

      The Dunods have more than 30 years of real estate and interior-design experience. When they purchase a home, each is planned to exacting standards with a high-end slant to ensure the best product offering. In terms of destinations, the duo choose locations based on proximity to international airports, year-round offerings and places that have strong and stable real-estate markets and luxury home offerings. 

      “When you rent, you need to plan in advance: How many bedrooms do I need, do I want to invite guests? This often leads to people holidaying less,” Mélie says. “With August, families have guaranteed homes that they want to go to, and the common feedback is people spend many more holidays together and the kids are eager to join.” More

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      These Luxe Rain Forest Villa Rentals in Costa Rica Offer Bonkers Views of a Volcano

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      Ever wanted to vacation in a rain forest? This new villa-rental service in Costa Rica can help you out.

      Arenal Hills, a vacation-home development company, recently unveiled its brand-new rental program for those looking to enjoy their time off in a private luxury abode. Located in La Fortuna, Costa Rica, the property is primed to let you relax in the great outdoors, with lush greenery spreading across 123 acres. The gated community will include 146 homes divided into two- and three-bedroom villas with 24/7 security. The tropical vacation homes were all designed and built by Jorge Chinchilla; the famed architect took cues from the natural surroundings—including views of the nearby Arenal Volcano—and incorporated them into the interior design, using natural wood floors, bamboo accents, fine marble harvested from the Peruvian mountains and a neutral color palette. 

      The 2,800-square-foot two-bedroom villa is a single story, while the 4,800-square-foot three-bedroom home spans two floors. All the homes have their own private waterfall hot tub pool in the garden that will make you feel lost in paradise. There’s also an on-site concierge to take care of all your needs. And, to make getting around the community a breeze, each home has a personal golf cart that you can use to hit all the activities on offer.

      Bedroom.

      Arenal Hill Homes

      Those amenities, which you can visit without leaving the property, include a multipurpose room where you can partake in complimentary yoga and other fitness classes. Next year, the private enclave plans to add a 33,000-gallon infinity-edge pool with a swim-up bar and a kids’ pool, a restaurant and a premier lounge called Club Cabana. The development also hopes to introduce a second luxe relaxation spot—Club Vida—and another dining option by 2024. If you happen enjoy horseback riding, you’re in luck, as Arenal Hills will be breaking ground on an equestrian center in 2025. 

      Exterior shot.

      Arenal Hill Homes

      “We are thrilled to kick off Arenal Hills’ new rental program as Costa Rica enters its high tourist season,” Gerald Baum, CEO of Costa Rica Land Capital Partners and sole owner of Arenal Hills, said in a statement. “Through our new program, renters will not only stay in luxurious, fully furnished villas immersed in a magical paradise but can also enjoy the variety of exclusive amenities offered only to Arenal Hills residents.”

      There are currently eight homes available for reservations through Airbnb, with another 100 slated to open in the near future. 

      Rates for homes start at $400 per night. More