Knight Frank

DarGlobal's sales in Saudi Arabia and Spain are offsetting a Gulf property slowdown caused by the Iran war, with the company reporting strong demand for luxury residences in Jeddah and Riyadh. The developer, which partners with brands like Trump Organization and FENDI, is expanding its portfolio and plans to tokenize assets to improve liquidity.

Hyderabad ranks as the third least affordable housing market among the top eight cities according to Knight Frank. The report highlights the city's housing affordability challenges relative to other major urban centers.

Residential land prices in Muscat, Oman, rose 43.6% year-on-year in Q1, with the country's economy insulated from US-Iran war effects due to its ports being outside the Strait of Hormuz. Saudi Arabia's property market also showed resilience despite fewer transactions caused by affordability issues and war-related uncertainty.

Hong Kong's older office assets and landlords may face increased challenges as companies adopt AI and relocate to newer buildings. Landlords could need to refurbish or repurpose properties to adapt to changing business needs.

Hong Kong's older office buildings and landlords may face increased challenges as companies adopt AI and relocate to newer facilities that better meet their needs. Landlords might need to quickly refurbish or repurpose their properties to retain tenants, according to Knight Frank analysts.

Gulf executives at a Dubai conference acknowledged economic damage from the Iran war, citing weak confidence, delayed construction projects, and cautious lending. Businesses are shifting operations to Saudi Arabia as a safer market, while international investors avoid the region due to heightened geopolitical risk.

The global number of billionaires is projected to reach 3,915 by 2031, up from 3,110 currently, driven by a 25% increase over the next five years. Knight Frank's analysis highlights a 'deep structural acceleration' in wealth creation worldwide.