epa08248857 US model Bella Hadid presents a creation from the Fall-Winter 2020/21 women's collection by Lanvin fashion house during the Paris Fashion Week, in Paris, France, 26 February 2020. The Fall-Winter 2020/21 women's collection runs from 24 February to 03 March 2020. EPA-EFE/IAN LANGSDON
epa08248857 US model Bella Hadid presents a creation from the Fall-Winter 2020/21 women's collection by Lanvin fashion house during the Paris Fashion Week, in Paris, France, 26 February 2020. The Fall-Winter 2020/21 women's collection runs from 24 February to 03 March 2020. EPA-EFE/IAN LANGSDON
epa08248857 US model Bella Hadid presents a creation from the Fall-Winter 2020/21 women's collection by Lanvin fashion house during the Paris Fashion Week, in Paris, France, 26 February 2020. The Fall-Winter 2020/21 women's collection runs from 24 February to 03 March 2020. EPA-EFE/IAN LANGSDON
epa08248857 US model Bella Hadid presents a creation from the Fall-Winter 2020/21 women's collection by Lanvin fashion house during the Paris Fashion Week, in Paris, France, 26 February 2020. The Fall

Peek inside Bella Hadid's New York penthouse: Supermodel selling two-bedroom apartment for $6.5 million


Emma Day
  • English
  • Arabic

Her style on the red carpet is well-documented, but fans can now get a rare glimpse into Bella Hadid's taste when it comes to interiors.

The supermodel, 24, is selling her penthouse apartment in New York City, with the listing offering a look at the catwalk star's fusion of eclectic furnishings and sleek, minimal layouts.

Hadid purchased the SoHo duplex in November 2019 for $6.1 million, according to Architectural Digest. About 18 months later, the model is looking to offload the two-bedroom, two-bathroom apartment for $6.5m.

The property spans 2,569 square feet, according to the listing with real-estate company Serhant, which was founded by Million Dollar Listing star Ryan Serhant.

Built on the top floor of a six-storey building, the penthouse comprises a private rooftop deck, as well as a cosy living room, kitchen with marble-topped island, walk-in wardrobe and a tiled shower room with lavish double sinks.

"Features include breathtaking redbrick ceilings, a steel-framed floating staircase, exposed metal columns, ducts, pipes and beams, automated Lutron lighting, imported Italian built-in closets, a laundry room, and Bang and Olufsen audio / visual integration," the listing says.

Scroll through the Instagram post below to see inside the apartment:

It's not known where Hadid is planning to live after the penthouse is sold.

The model has previously shared glimpses into her home on social media, most recently sharing a look at some objets d'art as she posed in November 2020.

According to her post, Hadid collects electric guitars, as well as a penchant for cat-shaped clocks.

Coincidentally, Zayn Malik, who shares a daughter with the model's sister Gigi Hadid, used to own an apartment in the same building. He sold the four-bedroom, four-bathroom penthouse last December for $9.45 million, according to real-estate publication The Real Deal.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The winners

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Children/Young Adult

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