The new development at the Bahia Mar marina will include a hotel, condo towers, a beach club, restaurants and retail space, according to the plans.

Auction sales in the first six months at Christie's, Sotheby's, Phillips and Bonhams fell 26% from 2023 and 36% from the market peak in 2021.

Top universities are launching a number of programs and courses aimed at training the next generation of family office leaders.

The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand.

Britain's ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus as their preferential status comes under threat in the budget.

Better-utilized space for parking could mean a developer needs fewer floors devoted to vehicles — freeing up square footage for residences.