How She's Building a Legacy: The $109 Million Mega-Mansion Listing
In this week's International Women's Day special episode of Taking Care of Business, Private Office Advisor Lyndsey Redstone joins Lewis Allsopp to discuss her incredible career trajectory. Lyndsey, who now specialises in ultra-luxury properties at Allsopp & Allsopp Private Office, shares her journey from humble beginnings to handling some of Dubai's most prestigious listings. Join Lewis and Lyndsey as she shares the secrets behind securing a remarkable $109 million listing and the power of persistence.
The Early Days
Lyndsey started her Dubai real estate career in 2010, fresh off a move from London. She recounts her early days navigating the Springs with paper maps, relying on the Burj Khalifa as a landmark (which, as Lewis points out, isn't always helpful!). Lyndsey recalls her first office, a villa shared with some unwelcome "pets" – cockroaches which is a far cry from the sleek, modern offices Allsopp & Allsopp boasts today.
Lessons Learned
Lyndsey openly discusses her five-year stint in management, admitting that while it provided valuable experience, it ultimately wasn't the right path for her. "Financially, yes, I think it cost me a lot of money going into management for those five years," she reflects. This period reinforced her passion for being a broker and client interaction.
The Secret to Success
Lewis, having witnessed Lyndsey's growth over the years, asks her to share the secret to her success. "Make sure that you go above and beyond for your clients because then they refer you extra business," Lyndsey advises. She emphasises building strong relationships and providing exceptional service, even for smaller transactions is the key to being a successful agent. This approach has earned her a loyal clientele and a stellar reputation in the market.
The Allure of Off-Market Luxury
The conversation shifts to Dubai's luxury real estate market, where Lyndsey now thrives. She reveals that many high-end deals happen off-market, catering to the desire for exclusivity and privacy. Lyndsey describes the stunning AED 400 million villa she currently has listed off market “AED 400 million which I don't have to spend, I wouldn't want to buy a house that everyone has seen the inside," she explains. Whereas Lewis likes to showcase a property and put it out there for the world to see. However, they both acknowledge that their combined approach contributes to their overall success.
Dubai's Market Dynamics
Lyndsey and Lewis delve into the dynamics of Dubai's real estate market, noting the significant price increases in recent years. "Dubai has also made people wealthy," Lewis observes, highlighting the impressive returns on investment many homeowners have experienced just from purchasing a home. They also discuss the appeal of Dubai compared to other major cities, citing factors like tax benefits, safety, and lifestyle.
Investing for the Future
Lyndsey shares her personal investment strategy, emphasising the importance of building a property portfolio for long-term financial security. Lyndsey discusses how her and her husband view their investments as a retirement plan, echoing Lewis's belief that property is a powerful hedge against inflation.
This episode provides valuable insights into the Dubai real estate market, particularly the luxury segment. Lyndsey's journey is an inspiring example of how hard work, dedication, and a client-centric approach can lead to remarkable success.
If you are interested in the Dubai luxury property market please reach out to our Private Office team now.
For the full Taking Care Of Business podcast episode head to our YouTube channel