Former consul general dies
Penthouses across Dubai worth millions of dirhams are currently in high demand because more CEOs and VIPs are relocating to the city, according to one luxury estate agency. Luxhabitat agents said they have sold more than 55 penthouses in Dubai between January 2015 to August 2016 - as well as rented five penthouses in the past 50 days. In the past year, the firm sold four worth more than Dhs18 million in Dubai Marina, Palm Jumeirah and Culture Village. The total value of these properties exceeded Dhs78 million. The most expensive penthouse sold by the firm was in August 2016 for a Dhs20 million apartment at Palazzo Versace. Ryan Kasper, Luxury Rentals Director at Luxhabitat, said: “The reason for the influx in penthouse tenants is due to many incoming corporate global executives (CEOs, VPs) arriving in Dubai this time of year with veryhigh budgets. “Half the clients who are renting are at the very senior level in the careers and are emptynesters, the other half own their own businesses and are living in the penthouses with families.” The former Philippines Consul General to Dubai and the Northern Emirates has died at the age of 60, the consulate has announced. Benito Valeriano, who was Chief of Mission between 2008 and 2012, suffered a heart attack. Paul Raymund P Cortes, the current Consul General, shared a photo and tribute on his Facebook page that read: “We celebrate the life of former Philippine consul-general Benito Valeriano who served in Dubai from January 2008 to September 2012. Gentleman. Diplomat. Public Servant.” A requiem mass will be held at the consulate at 7pm today.