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DUBAI — “Dubai is currently one of the most popular cities in the Middle East, with 11.6 million tourists visiting in 2014 and a further growth expected for this year. The city is home to several iconic real estate developments including The Palm Jumeirah, the world’s largest man-made island, the Burj Khalifa, the world’s tallest building and the Burj Al Arab, the world’s first seven-star hotel. These global real estate successes have led the way in architecture and inspire the rest of the region’s architecture to push the boundaries, creating breathtaking and striking residences all around the city. Dubai attracts both families and young executives as it offers a variety of communities and lifestyles to suit all tastes, from Marina or bustling downtown apartments and penthouses to spa-cious villas with sprawling lawns or beach front communities. The Dubai lifestyle is luxurious, with all developments offering swimming pools, gyms, play areas for children, global restaurants, designer brand shopping as well as an ever-evolving infrastructure that connects the designated areas of business and residential property. With the right to host the Expo 2020 being awarded to Dubai and further expansion plans for international airports, it is expected that Dubai will continue to grow and retain its title as the gateway between East and West.”

– Loshini Lawrence, Head of Sales & Leasing, Dubai Sotheby’s International Realty

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�his issue of Perspectives highlights many noteworthy properties to recently come to market, as well as several notable sales: from a one-of-a-kind penthouse in San Francisco, listed for $49 million, to “Robinswood” in England for $27.4 million, and the recent sales of the Mellon townhouse in Manhattan for $37 million and a Hong Kong apartment for $11.08 million.

I hope you enjoy this issue of Perspectives, which highlights just some of the global markets where our professional real estate services are available. In this edition, our affiliates and their independent sales

professionals working in New Zealand, Andorra, Dubai and Malibu, California, offer an insider’s view of current market conditions.

The lifestyle comparison included here also celebrates a broad spectrum of property types… But whatever lifestyle suits your needs, you can search for the ideal property at sothebysrealty.com.

Sincerely,

Philip WhitePresident and Chief Executive OfficerSotheby’s International Realty Affiliates LLC

Gulf Sotheby’s International Realty | Dubai, UAE | $7,623,196 (USD), 28,000,000 (AED) | Prop ID: 3ZMYNM

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SOUTH AFRICA — “At the southern tip of Africa, two great oceans meet, warm weather lasts most of the yea, and big game roams just beyond the city lights. South Africa is considered the powerhouse of Africa, the most advanced, broad-based economy on the continent. The country offers an investor-friendly environment in which 100 percent for-eign ownership is allowed. Within the Lew Geffen Sotheby’s International Realty group sales volumes have increased by 20 percent in the last year with a healthy 15 percent increase in average price. With a favorable exchange rate for many international curren-cies, South Africa is not only a very inexpensive destination but a great reason to invest in property in one of the most aesthetically and culturally magnificent places in the world, which includes Cape Town, voted top holiday destination by The New York Times and Table Mountain, voted one of the ‘Seven Wonders of the World.”

– Jason Rohde, chief executive officer, Lew Geffen Sotheby’s International Realty

ANDORRA — “The Principality of Andorra is one of the most alluring destinations for those look-ing to buy a property. Famous for its more than 300 km of ski slopes, the country also offers incredible scenery and views that magically change with the seasons. Its privacy and high quality of life as one of the safest countries in the world come together with the benefit of being a quiet country without losing the flashes of modernity of the best European cities. The new and modern legal and fiscal framework makes it interesting for companies (Holdings, Intragroup Financial Management, and others) as well as for private individuals, especially high net worth individuals and those internationally known in sports, culture or science. The real estate market offers a huge variety, from rustic countryside chalets to modern city penthouse living, and all that in a price range which is highly competitive with any other place around the world. Andorra is undoubtedly the jewel in the Pyrenees.”

– Ralph Lünenschloss, Partner, Andorra Sotheby’s International Realty

Lew Geffen Sotheby’s International Realty | Johannesburg, S.A. | $3,358,325 USD, R 40 000 000 ZAR Prop ID: LGCS5J

Andorra Sotheby’s International Realty | Canillo, Principality of Andorra | 6.000.000 EUR | click here

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MALIBU, CALIFORNIA — “Malibu, the 21-mile strip of coastline that hugs the Pacific Ocean near Los Angeles, has long attracted affluent families with its pristine beaches, excellent surf and jaw-dropping sunsets. The high-end market in this celebrity enclave is heating up. In the last three months ended April 2015, the average sales price for single family homes in Malibu Beach was $5,157,813 — one of the highest in the nation. Condominium prices on Malibu Beach are more approachable — with an average sales price of $1,095,000 during the same period — but are enjoying rapid price appreciation, with the average sales price having risen 41 percent year-over-year. Undeniably one of the most desirable luxury markets in the

world, Sotheby’s International Realty, Inc. is proud to have significantly expanded its operations in Malibu last year and now serves the community from three brokerage offices in the area. Sotheby’s International Realty is currently marketing more than 60 important properties in Malibu, including the oceanfront estate of Kym Gold, co-founder of designer jeans brand True Religion, which is offered for sale at $26.5 million.”

– Frank Symons, Executive Vice President and Chief Operating Officer, Sotheby’s International Realty, Inc. Western Region

Sotheby's International Realty | Malibu, California | $26,500,000 | Prop ID: 1290092

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Gregg Lynn of Sotheby’s International Realty-San Francisco Brokerage in California has listed a one-of-a-kind Duplex Penthouse that commands the two highest full floors of the tallest tower of LUMINA SF and has 360-degree views. The home, listed for $49 million, was designed by Bernardo Fort-Brescia of Arquitectonica in a curvilinear configuration to capture iconic views of San Francisco landmarks including the San Francisco Bay Bridge, Ferry Building and Downtown Financial Center. It features dramatic, double-height living rooms of 20-foot high shimmering walls of glass in two locations. The downstairs has five principal entertaining rooms, and upstairs there are five en-suite bedrooms, gym/massage and family lounge. There also is a private rooftop view terrace, one of eight exclusive-use outdoor spaces. Click here for more information. To read coverage of the property in The Wall Street Journal, click here.

William Von Siegmund of United Kingdom Sotheby’s International Realty has listed Rob-inswood in England for $27.4 million (USD), £18 million (GBP). A new house built to a unique specification, the property is located in a prime position on the main island of the exclusive Wentworth Estate in Surrey, 45 minutes by car from London. Constructed of natural stone supplied by Pimar Limestone, the property is set in Wentworth. It features a grand recep-tion hall, three reception rooms and kitchen/breakfast room. There are five double bedroom suites, a stunning wine cellar custom made by Sorrells Wine Racks and a spectacular indoor swimming pool complex. The landscaped gardens were designed and built by Caspar Gabb at Natural Elements Design. There is provision for staff/secondary accommodation. For more information, click here.

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Sotheby's International Realty - San Francisco Brokerage | San Francisco, CA | $49,000,000 | Prop ID: SPT5X7 United Kingdom Sotheby’s International Realty | Wentworth, England | $27,850,843 USD, £18,000,000 GBP Prop ID: HQZM22

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Christian Vermast, Fran Bennett and Paul Maranger of Sotheby’s International Realty Canada in Toronto, Ontario, have listed The Integral House for $23.1 million (USD), $28 million (CAD). Commissioned by award-winning mathematician and author James Stewart in 1999, the private home with a concert hall was completed by Shim-Sutcliffe Architects in 2009. The residence is known for its impressive architecture and design elements and has been quoted as being “… one of the most important private houses built in North America...” by Glenn D. Lowry, director of New York’s MoMA. Previous guests in the home include David Bowie and Iman, Adrienne Clarkson, Justin Trudeau, Philip Glass, Joshua Bell and soprano Measha Brueggergos-man. The finest craftspeople from around the globe collaborated to create this iconic dwelling using the best materials imaginable. With more than 17,000 square feet of space, the home was imagined around the concert hall and is all about entertaining. There are panoramic ravine views on three sides, a master suite, guest suite, independent two-bedroom guest flat, heated drive and indoor exercise pool and spa complex. Click here for more information.

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Sotheby's International Realty Canada | Toronto, Ontario | $22,769,781 USD 28 000 000 CAD | Prop ID: E5EK3S

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Lori Bennett of Nestler Poletto Sotheby’s International Realty in Boca Raton, Florida, sold a $19 million property ideally located in the renowned Estate Section of Delray Beach, just seconds to the famed Atlantic Avenue, north of Boca Raton’s Mizner Park and south of Palm Beach Island’s Worth Avenue. The home sits on one of South Florida’s best land parcels with incredible privacy, great elevation, stunning ocean views and one of the deepest oceanfront parcels the South Florida coastline has to offer. With six full bedrooms, seven full and three half baths and 16,000 square feet, it was designed by Affiniti Architects with Marc Michaels interiors and will be built by Mark Timothy Homes.

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Nestler Poletto Sotheby’s International Realty sold a $19 million property located in the renowned Estate Section of Delray Beach, Florida

Louise Beit of Sotheby’s International Realty-East Side Manhattan Brokerage in New York sold the 40 foot wide townhouse of Paul Mellon, heir to one of America’s great banking fortunes, and his wife, Bunny Mellon, for $37 million. The couple built the home, located on a fabled Upper East Side block in 1965. Featured in The World of Interiors magazine it was designed in the neo-French classic style and evokes the charm of the French countryside. Paul Mellon curated his art collection in the library overlooking the garden with reflecting pool and gazebo, where Bunny Mellon, designer of the White House Rose Garden and friend to U.S. First Lady Jacqueline Kennedy Onassis, indulged her love of gardening. The high-ceilinged drawing room and dining room lead to a terrace, the center of celebratory parties. The house has 5-8 bedrooms, with flexibility for guests and staff, eight baths, chef ’s kitchen, wine room and elevator.

Sotheby’s International Realty-East Side Manhattan Brokerage sold the New York City townhome of Paul and Bunny Mellon for $37 million.

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Frederick Ho, associate director of Hong Kong Sotheby’s International Realty sold a beautifully refurbished apartment in a prime location for $11.08 million (USD), 86 million (HKD). The home overlooks the Hong Kong city skyline. The accommodation features large windows that promote natural light into the house, a large living and dining room, accented with dark wood flooring. The spacious master bedroom has a furbished bathroom in fine quality. The additional two rooms are also roomy.

Rego Sotheby’s International Realty in Bermuda recently sold a $14.7 million expansive estate, designed and built in 1992 for the enjoyment of a large family. Every detail of the prop-erty has been carefully crafted with high end materials and workmanship designed with a fine sensitivity to traditional Bermuda features. The main house includes four spacious bedrooms all en-suite, a large formal living room, informal living room/movie room with wet bar, dining room and library all with fireplaces, an office wing, a conservatory, two wine cellars, elevators and a two-bedroom staff apartment. The grounds are magnificent with a beach pavilion, two-bedroom guest cottage, separate gym, pool, tennis court and putting green, as well as access to Grape Bay Beach.

Hong Kong Sotheby’s International Realty sold this $11.08 million apartment overlooking the city skylineRego Sotheby’s International Realty sold this $14.7 million expansive estate

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l i f e s t y l e c o m p a r i s o nGAME FARM / SAFARI

PLETTENBERG BAY GAME RESERVE, WESTERN CAPE, SOUTH AFRICALEW GEFFEN SOTHEBY’S INTERNATIONAL REALTY$12.46 million (USD)

Plettenberg Bay Game Reserve is the biggest game reserve in the Southern Cape, spread out across the hills above the scenic Garden Route coastline. With its breathtaking views across the Bay of Beauty, its abundance of wildlife, superb facilities for day and overnight visitors and warm African hospitality, it offers an exciting child-friendly safari experience. Click here for more information.

TAGAYTAY-CALAMBA ROAD, PHILIPPINES PHILIPPINE SOTHEBY’S INTERNATIONAL REALTY$10.74 million (USD)

A cool and breezy escape from the urban jungle, Tagaytay is the most popular and closest tourist destination South of Manila, made famous by the volcano within the lake. Surrounding the lake are various luxurious hotels, residences and destination dining places. This highly elevated city has become the home for several developments offering the perfect home for locals and tourists. Click here for more information.

Prop ID: L4NSYPProp ID: SMMHD8

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Prop ID: H54YFY Prop ID: T5G2CN

PARK TURO APARTMENT, BARCELONA, SPAINBARCELONA SOTHEBY’S INTERNATIONAL REALTY$6.74 million (USD)

This apartment is located in the prestigious area of Turo Park, facing the park. Its size and position on a high floor make it a truly a remarkable property. The entire apartment is on the building’s exterior side with abundant natural light and high-quality finishes. Click here for more information.

ESTATE ON WATAUGA ROAD, DALLAS, TEXASBRIGGS FREEMAN SOTHEBY’S INTERNATIONAL REALTY$6.6 million (USD)

This beautiful, custom estate is on one acre and offers a retreat-style escape with the benefits of an urban lifestyle. There is a gourmet kitchen, wine cellar, 4,500 square foot master wing, dressing area and secret door to study. Click here for more information.

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THE LEGENDARY PRIMM RANCH, LAS VEGAS, NEVADASYNERGY SOTHEBY’S INTERNATIONAL REALTY$14.5 million (USD)

The Legendary Primm Ranch is a legacy estate offering tremendous space for grand entertaining and refined living. The 10-acre luxury compound is located in a prime location with five build-ings, 50 total rooms sprawling over 21,000 square feet of living space. The extensive grounds of this compound are completed by a 3,000 square foot smart guest villa, a 1,500 square foot separate staff residence, state-of-the-art horse stables with eight stalls, two stall wash bay, arenas and trainer’s quarter. Click here for more information.

HOME ON JOHNSON DRIVE, ASPEN, COLORADOASPEN SNOWMASS SOTHEBY’S INTERNATIONAL REALTY$13.9 million (USD)

This beautiful home has designer furnishings including an exceptional collection of Equestrian and western art. It has a custom, state-of-the-art barn for horses. The four-stall barn has its own two-car garage, shop, office, large loft and bathroom. Click here for more information.

l i f e s t y l e c o m p a r i s o nEQUESTRIAN

Prop ID: NKKHT3 Prop ID: QS2JV8

© 2015 Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC.This newsletter is provided for informational purposes only and is not intended, nor shall it be deemed, to provide or offer legal, financial or tax advice or guidance. The views and opinions set forth in this newsletter are not necessarily the views and opinions of Sotheby’s International Realty Affiliates LLC. You should always consult with your own advisor when dealing with any of the issues visited herein.