The Buzzz: Private Islands for Sale

li_galliIn a recent article The National blames screen icon Marlon Brando for the explosion of the private island market.  For whatever reason the hottest properties on the market right now are Private Islands.


The national highlighted three Italian properties that are grabbing a lot of attention. Here is what they had to say.

Today, private islands are a cottage industry, complete with magazines, blogs and agents specialising in such properties. Sales and listings create worldwide buzz, especially when a celebrity is involved.

Only about 800 islands around the world are available for private sale, according to industry estimates. Prices vary widely, and it is often difficult to track true ownership.

But with supply limited, some islands immediately attract attention when they come on the market, which is why a new listing for three small islands off the coast of Italy, near Positano and Capri, is sure to generate speculation and interest.

The pedigree of Li Galli Islands dates to Greek mythology, and there are Roman ruins on the largest island. The islands have had only three owners, including the late Russian ballet dancer Rudolf Nureyev, in modern times.

The main island, which has reportedly hosted film stars such as Greta Garbo, Ingrid Bergman, Anna Magnani and Sophia Loren as well as Jacqueline Kennedy, the widow of the assassinated US president John F Kennedy, features three villas, a private grotto, a desalination and power plant and a heli-pad.

The €195 million (Dh989.5m) price tag includes the Villa Tre Ville, a 2,900-square-metre estate on the mainland once owned by the director Franco Zeffirelli. The villa features 19 suites, two kitchens and accommodation for 17 staff members

To read the full article click here. http://www.thenational.ae/business/property/three-islands-for-sale-with-a-lot-of-buzz

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