Few cities have seen as much growth in the past several years as Miami has. From pre-pandemic appeal to the pandemic era boom to the city's continued fast-paced growth, people are longing for the sunshine, space, and freedom synonymous with Miami. The numbers illustrate this as Knight Frank's 2022 Wealth Report found Miami was the second fastest-growing luxury real estate market in the Americas, with approximately 28 percent growth since 2021.
In addition to being the fastest-growing market in the Americas, Miami is also the second overall market for high-end housing. The luxury market in Miami does seem like it may be slowing down a bit in 2023, but it will still likely reach five percent growth this year. This is still impressive, as the global luxury market is expected to see just two percent growth in 2023.
While Dubai topped the list of the world's top luxury real estate markets, Miami came in second for the next year. Seoul and London are expected to be the worst-performing cities. The Magic City remains popular among the wealthy, given the low tax rates and a growing number of financial firms and other major corporations moving their offices to South Florida.
Many are just now understanding the value of Miami, but Jonathan Campau and Or Dori of Luxuri have been betting on the beautiful city for years. This Miami-based real estate company is multi-pronged - Luxuri has a real estate brokerage that helps its high-profile clients find and buy or sell homes as well as a thriving vacation rental service and a world-class property management division. Luxuri is truly all-encompassing in its services from start to finish. Luxuri's vertically integrated value-add is why it is a top choice for investors looking to maximize their profits as well as clients seeking luxe vacation experiences.
With Miami currently in its peak season, Luxuri is busy helping their elite clients get the most out of the city - whether in need of drivers, security, chefs, housekeeping, home or jet rentals, massages, and more, Luxuri ensures that everything is taken care of.
Luxuri has hosted a plethora of music icons such as Snoop Dogg, Megan Thee Stallion, DaBaby, Lil Baby, Mary J Blige, TI, Trippie Redd, Cardi B, Offset, Quavo, Rich the Kid, Lil Wayne and many others have stayed in their villas for various reasons. More specifically, Drake, the international music icon, just filmed his most recent music video for his hit song "Jumbotron Shit Poppin" off of his album, "Her Loss," at an exclusive Luxuri property. Anyone familiar with Drake's brand and music knows that the 36-year-old musician has a taste for the finer things and only associates himself with the pinnacle of what is culturally relevant. It is no surprise the popular video was filmed in one of Luxuri's many movie-worthy villas.
Be sure to contact Luxuri for any home rental or luxury concierge services.
