Demand from international buyers, who traditionally account for a huge share of the residential real estate market, has slowed down. Why does the city appeal to you at this juncture and how do you approach these challenges? Miami has transformed into a global hub in the last few years. This transformation coincided with the introduction of Art Basel Miami Beach in , where for the first time Miami had global recognition as a sophisticated and cultured destination.
Since then, it has continued to thrive and is one of the fastest growing cities in North America. With the federal tax policy changes that went into effect in and Florida having no state income tax, Miami has become increasingly desirable to individuals as well as companies.
The tax changes are not just impacting the residential market; we have recently seen the migration of New York City- and- Connecticut-based hedge funds to Miami. Adding to that, the city and the beach both offer great quality of life with the warm weather and a healthy outdoor lifestyle. Personally, I have always felt happy and healthy in Miami. When I am not working, I like to relax on my boat and go out to Bimini in the Bahamas to enjoy some diving in the crystal blue water.
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We've detected you are on Internet Explorer. For the best Barrons. Subscribe Now. Own Invest Give Collect Experience. Text size. Thank you This article has been sent to. Privacy Notice. Cookie Notice. Copyright Policy. My favorite aspect across my homes is the view and the connection with nature. I truly believe there are many positive benefits to being able to wake up and see a beautiful view. VD: Private and peaceful. Although they are worth significantly less than other works in my collection, these are some of the first pieces in my art collection and I could never give these up.
VD: Wellness amenities; expansive gyms, swimming pools, steam rooms, hot and cold plunge pools, massage and meditation rooms. No matter what someone does for a living or what their personality is like, everyone is interested in improving their health and wellbeing. MG: If you had a choice of living in a new development or a prime resale property, which would you choose and why? VD: I would choose a new development so that I can customise it to my spec and taste. The newest buildings have the most up-to-date MEP [mechanical, electrical and plumbing], IT and security.
VD: Property in a city with a waterfront view. It must have interesting architecture and the best amenities. Vladislav Doronin is an accomplished international investor and Real Estate developer focused on luxury residential, commercial and hospitality properties. Alongside his business activities, Mr. Doronin is an active philanthropist and patron of the arts.
Forbes magazine has described him as the "businessman who changed Moscow for the better".
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