What markets does The Ledger Homes by eXp focus on?

The Ledger Homes by eXp focuses primarily on Dubai and Miami/South Florida, including areas like Miami Beach and Coral Gables. The team specializes in ultra-luxury villas, penthouses, waterfront estates, and off-plan developments targeting high-net-worth buyers and investors.

Is The Ledger Homes part of eXp Realty or a separate brokerage?

The Ledger Homes is a luxury-focused real estate team operating within eXp Realty, not a separate brokerage. Agents use eXp’s cloud-based platform, systems, and commission structure while maintaining a boutique luxury brand identity.

Do they work with buyers only, or also investors and developers?

The Ledger Homes works with buyers, investors, and developers. This includes primary home buyers, second-home purchasers, real estate investors, and developers launching luxury or off-plan projects.

What kind of service do luxury clients receive?

Clients receive concierge-style real estate services including curated property selection, private tours, access to off-market listings, and guidance on legal, financial, and lifestyle aspects.

Can foreigners buy luxury property in Dubai?

Yes, foreigners can purchase freehold properties in designated areas such as Palm Jumeirah, Dubai Marina, and Downtown Dubai, following regulations set by the Dubai Land Department and RERA.

What are the main costs and taxes in Dubai real estate?

Dubai has no property tax, income tax, or capital gains tax on personal residences. Buyers typically pay a 4% Dubai Land Department transfer fee, agent commissions, registration, and administrative costs.

What types of luxury properties are available in Dubai?

Luxury properties in Dubai include villas, penthouses, townhouses, and high-end apartments located in areas such as Palm Jumeirah, Emirates Hills, and Downtown Dubai, often featuring premium amenities and waterfront access.

What is the buying process like in Dubai?

The process includes a reservation agreement, signing a sales contract (Form F), obtaining a developer No Objection Certificate (NOC), and completing the transfer at the Dubai Land Department.

What is the difference between off-plan and resale properties in Dubai?

Off-plan properties offer lower entry prices and flexible payment plans but require careful due diligence on developers. Resale properties are ready to move in with clear ownership but are typically more expensive.

What defines luxury real estate in Miami?

Luxury real estate in Miami typically starts at $1 million, while ultra-luxury properties often begin around $5 million, especially for waterfront or gated homes in areas like Miami Beach and Coral Gables.

What are typical closing costs in Miami?

Closing costs usually include lender fees, title insurance, appraisal, property insurance, and sometimes attorney fees. Luxury condominiums may also include HOA fees.

Do luxury condos in Miami require board approval?

Yes, many luxury condominiums require board approval, including financial disclosure, background checks, and interviews.

Are there property taxes on luxury homes in Miami?

Yes, Florida applies ad valorem property taxes based on property value. Rates vary by county, and exemptions may apply for primary residences.

Is financing common in Miami luxury real estate?

Both cash and financed purchases are common. However, cash offers are frequent in ultra-luxury transactions, while lenders carefully evaluate loan-to-value ratios and property types.

The Ledger Homes by eXp

How Formula 1 Changed Miami Luxury Real Estate

May 25, 2026

Speed, Prestige, and a New Era of Global Luxury Living

Over the last few years, Miami has transformed into one of the world’s most desirable luxury real estate destinations. While the city has always been associated with waterfront glamour, nightlife, and international wealth, the arrival of the Formula 1 Crypto.com Miami Grand Prix accelerated Miami’s evolution into a true global luxury capital.

Today, Formula 1 is influencing not only tourism and entertainment, but also buyer behavior, investment trends, branding strategies, and the value of luxury properties across the city.

Formula 1 Brought a New Type of Global Buyer

The Miami Grand Prix introduced Miami to an ultra-high-net-worth audience from around the world. Investors, entrepreneurs, athletes, celebrities, and international business leaders now see Miami as more than a vacation destination ,they see it as a lifestyle and investment hub.

Neighborhoods such as Brickell, Miami Beach, Sunny Isles Beach, and Downtown Miami have experienced increased demand from buyers seeking luxury residences with privacy, exclusivity, premium amenities, and proximity to major lifestyle events.

Formula 1 helped position Miami alongside cities like Monaco and Dubai ,destinations where luxury living and elite global events naturally intersect.

Luxury Developments Are Becoming More Lifestyle-Oriented

Following the rise of Formula 1 in Miami, developers began focusing more heavily on experiential luxury rather than traditional luxury alone.

Today’s high-end buyers want:

Wellness-focused amenities
Private lounges and members-only experiences
Concierge services
Smart home technology
Resort-style living
Branded residences
Spaces designed for networking and entertainment

Luxury real estate is no longer only about square footage or waterfront views. Buyers now seek residences that reflect a sophisticated international lifestyle, the same lifestyle associated with Formula 1.

This shift has fueled demand for branded and highly curated residential projects across Miami.

Formula 1 Increased Miami’s International Visibility

One of the biggest impacts of Formula 1 has been global exposure.

Every year, millions of viewers watch Miami showcased across international broadcasts and social media platforms. The city’s skyline, waterfront developments, luxury hotels, restaurants, and exclusive neighborhoods are constantly highlighted to affluent audiences worldwide.

This visibility strengthened Miami’s reputation as:

A global investment destination
A tax-friendly location
A luxury lifestyle capital
A prime market for second homes and relocations

For many international investors, Formula 1 became their first introduction to Miami’s evolving luxury real estate landscape.

Short-Term Luxury Rentals and Investment Opportunities Expanded

The Grand Prix also created a surge in demand for ultra-luxury short-term rentals. During Formula 1 weekends, premium residences and penthouses generate exceptionally high rental returns due to the influx of wealthy visitors.

As a result, many investors began purchasing Miami properties not only for personal use, but also as high-performing luxury assets capable of generating seasonal income.

This trend continues to reshape Miami’s real estate market, particularly within the luxury condo sector.

Miami Is No Longer Seasonal

Historically, Miami experienced strong seasonal fluctuations. Today, the city has become a year-round luxury destination.

Events such as:

Formula 1 Crypto.com Miami Grand Prix
Art Basel Miami Beach
Miami Open
International yacht events
Global business conferences

have transformed Miami into a continuous center of luxury activity.

This consistent momentum continues driving long-term demand for premium residences.

The Future of Miami Luxury Real Estate

Formula 1 did more than bring a race to Miami , it reinforced the city’s identity as one of the world’s most dynamic luxury destinations.

As global wealth increasingly flows toward lifestyle-driven cities, Miami remains at the center of this evolution. Buyers are no longer simply purchasing property; they are investing in access, experiences, prestige, and an elevated way of life.

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