x Abu Dhabi, UAEFriday 19 January 2018

What you can buy for $5 million

Today we embark on another shopping spree, exploring the state of global luxury housing markets. The current quest: what will US$5 million (Dh18.3m) buy around the world?

This 261-square-metre mews house is located off Wilton Crescent, near the Hyde Park and Knightsbridge underground stations in London. Price £3,500,000 (Dh19.6mn
This 261-square-metre mews house is located off Wilton Crescent, near the Hyde Park and Knightsbridge underground stations in London. Price £3,500,000 (Dh19.6mn

Country: Australia

Where: Sydney

Property: Three-bedroom apartment

Views of Sydney's renowned Opera House is one of the main draws of this harbour-front apartment. There are balconies off each bedroom, taking advantage of the spectacular scenery and expanding the total indoor and outdoor living space to 202 square metres. Hardwood floors, stone countertops and state-of-the art appliances in the kitchen, as well as a spa bathroom, help to give the apartment a modern sheen. But it is the apartment's proximity to Sydney's principal waterfront attraction that boosts the price tag.

Price: £3.3 million (Dh18.5m)


Country: England

Where: London

Property: Mews house

Prices for prime central London homes jumped 14.7 per cent last year, despite a 3.3 per cent decline in the overall UK housing market, the estate agent Savills reported. This 261 sq metre mews house is located off Wilton Crescent, near the Hyde Park and Knightsbridge Underground stations. Available by leasehold, it features four reception rooms, three bedrooms and a rooftop terrace. It also offers a garage for two cars, a coveted amenity in the cramped capital.

Price: £3.5m (Dh19.68m)


Country: Spain

Where: Majorca

Property: Restored farmhouse

The idyllic dream of lounging on a Spanish finca, or estate, comes at a price. This fully restored property sits on 14 hectares on the east coast of Majorca. The 750 sq metre main house includes four bedroom suites, a library, a farmhouse kitchen and several terraces with views of the surrounding hillsides. The grounds feature a renovated stable and a swimming pool. And for that authentic touch, the main living room has an original olive press, according to the Savills listing.

Price: £3.2m (Dh18m)


Country: US

Where: Santa Fe, New Mexico

Property: 2.6 hectare estate

This pueblo-type property designed by John Gaw Meem, best known for reviving the style, sits on a hillside outside Santa Fe, famous for attracting artists and wealthy pensioners. The main house is 581 sq metres, with eight-bedrooms and eight bathrooms and includes a swimming pool and roof deck. There are also two casitas, a 204 sq metre guest house, an artist's studio and a chapel, which would make a "wonderful meditation, exercise, or studio space", according to the Sotheby's listing.

Price: $4.8m (Dh17.6m)


Country: Bali

Where: Bali

Property: Jungle estate

Ubud is an ancient city of temples and crowded streets set in the centre of Bali, most famous as the place where Elizabeth Gilbert, the author of Eat, Pray, Love, found romance, and where the movie version was filmed, starring Julia Roberts. This estate features a split-level, 845 square metre main house with three bedrooms, a wine cellar and an infinity pool. More than 1,800 ironwood logs were used in the construction, according to Jared Collins of Ubud Royalty Realty, which is listing the property.

Price: $4.5m (Dh16.5m)


Country: UAE

Where: Dubai Marina

Property: Four-bedroom apartment

The 52-storey Le Reve is one of the most expensive towers in Dubai, with many of the apartments taking entire floors. This is one of the smaller flats on offer, measuring 567 sq metres. The apartment features panoramic views of the Burj Al Arab and Palm Jumeirah, and the "finishing is second to none", according to a Better Homes listing. The building also includes a pool, 24-hour concierge service and separate apartments for chauffeurs.

Price: Dh18m (US$4.9m)


Country: Austria

Where: Kitzbuhel

Property: Ski chalet

There are rarely any discounts for prime property in the Alps, regardless of the global economic situation. In a market where privacy is key, this chalet is tucked away in a quiet section of a renowned resort area, not far from the Schwarzsee Lake and Golf resort. The four-bedroom chalet features marble and oak floors, extensive balconies and its own sauna and steam room. To reduce bills the chalet offers "gas heating and specially filled granulite bricks so that running costs will be kept to a minimum".

Price: £3.3m (Dh18.56)