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Since the start of the U.S.-Iran war, Dubai's status as a haven for the global elite has been shattered.

The Middle East has been one of the few bright spots in a sector that is struggling to get sales back on track.

Art loans are typically used by the wealthy to provide ready cash, leverage financial investments and avoid hefty tax bills.

Harvey Spevak, Equinox's executive chairman, said demand for "Optimize" memberships highlights the "insatiable" demand by the wealthy for wellness offerings.

Eric Schmidt's family office, Hillspire, made 15 investments in 2025, most of them in artificial intelligence, claiming the top spot on CNBC's list.

The luxury group said it sees a return to growth this year even as it posted another quarter of sales declines.

Brokers say the summer rental and sales season is already off to a strong start - despite below-freezing temperatures and heavy snow "out East."

Elon Musk's net worth soared past $800 billion this week after he merged SpaceX with xAI in a deal that valued the combined entity at $1.25 trillion.