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Mercedes-Benz debuted a $1 billion residential luxury tower in Dubai, where apartments are expected to cost as much as $10 million each.

Dubbed “Mercedes-Benz Places,” the upscale auto company announced its venture into the real-estate world on Instagram on Thursday, which it’s doing with the help of Emirati developer Binghatti.

The 65-story building is expected to rise approximately 1,118 feet above downtown Dubai’s bustling metro when it’s complete in the fourth quarter of 2026, according to United Arab Emirates-based business news site ZAWYA.

For reference, New York City’s Chrysler Building stands 1,048 tall.

It’s home to 150 apartments, starting at $2.7 million, with the promise of “unobstructed views of the world’s tallest tower,” the nearly 3,000-foot-tall Burj Khalifa, according to Mercedes’ website.

Per the German automaker’s Instagram post on the joint development, the glass-encased Mercedez-Benz Places — whose “distinctive elliptical exterior thats reminiscent of the flowing lines of a host of ultra-modern Mercedes-Benz cars” — is meant to “underline [the company’s] strategy to strengthen its position as the worlds most desirable automotive brand.”

Binghatti is the first of its kind for an automaker, according to Bloomberg.

Binghatti, meanwhile, also has an ongoing residential project with fellow luxury car manufacturer Bugatti, which tapped the real-estate developer for a project that will include elevators to transport cars to penthouses, which broke ground in Dubai last year, Bloomberg reported.

The firm has already sold 32 of the 182 residences in the Bugatti Residences, with buyers shelling out as much as $2,620 per square foot some of the highest prices Dubai has seen, per the outlet.

Binghatti wouldn’t disclose how many apartments had been sold in the Mercedes-branded tower, only disclosing to Bloomberg that it sold all the residences available in its first phase.

Binghatti also has a partnership with upscale jewelry and watch firm Jacob & Co. for what’s set to become the worlds tallest residential building located in the wealthy Emirati city.

Despite recent warnings that there are “massive” issues within the commercial real-estate sector, Binghatti’s chief executive Mohammed Binghatti reportedly isn’t worried about a slowdown, per Bloomberg.

The firm has spent $330 million on land in the past three months alone, and Binghatti told the outlet: Were definitely going to see more growth this year and the following year.”

There is clear wealth migration coming to Dubai and an increase in the population, which provides room for organic growth in the market,” he added.

People who come to Dubai, a lot of them already have the liquidity to deploy. They want a safe haven to invest.

Representatives for Mercedes and Binghatti did not immediately respond to The Post’s request for comment.

In the US, however, the real estate market was likened to “a slow-moving train wreck” by Larry McDonald, the founder of financial analysis firm The Bear Traps Report.

Since the pandemic, New York City has been in a so-called urban doom loop caused by an influx of working from home during the pandemic a trend that has stuck despite return-to-office mandates.

The doom loop concept is defined by empty office towers, which destroy the quality of life and eventually drive residents out.

In the Big Apple, occupancy has only bounced back to 48.4% since the pandemic.

At the start of 2020, however, office occupancy was a strong 90% before it plummeted to 10% upon the outbreak of COVID-19.

After shouldering a wave of defaults from landlords,banks are sitting on as much as $160 millionin losses on loans to the commercial real estate market, according to researchers from Columbia, Stanford, the University of Southern California, and Northwestern, per aworking paper publishedby the National Bureau of Economic Research last month.

The grim findings support an earlier calculation by Morgan Stanley that showed lenders would need to negotiate more than $1.5 trillion of their commercial real estate portfolios by the end of 2025 in order to avert defaults.

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Matt Gaetz: Speaker Mike Johnson will request report into Trump’s attorney general pick is kept secret

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Matt Gaetz: Speaker Mike Johnson will request report into Trump's attorney general pick is kept secret

US House Speaker Mike Johnson has said he will “strongly request” a report into allegations of sex trafficking against Matt Gaetz, who is the president-elect’s choice of attorney general, should not be released.

Mr Johnson said he was against publishing the House Ethics Committee report on Mr Gaetz, 42, who if approved by the Senate will become the nation’s top prosecutor once Donald Trump is sworn in as president on 20 January.

That’s despite Mr Gaetz having previously faced a nearly three-year Justice Department investigation into sex trafficking allegations involving a 17-year-old girl. He denies the allegations and has not faced criminal charges.

Mr Gaetz has also never worked as a prosecutor and has only worked in law for a few years at a local level.

He stepped down from Congress after Mr Trump announced him as his attorney general pick.

His resignation brought the investigation by the House Ethics Committee to an end – two days before it had been expected to release its report into the trafficking claims.

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Why is Matt Gaetz a controversial pick?

House Speaker Mr Johnson, a Louisiana Republican, said of the probe: “I’m going to strongly request that the Ethics Committee not issue the report, because that is not the way we do things in the House.”

Politicians of both parties on the Senate Judiciary Committee have said they want to see the report on Mr Gaetz, as part of a Senate confirmation process for cabinet nominees that would start next year with public hearings.

Democrats have described the MAGA loyalist as “a gonzo agent of chaos” and his appointment a “red alert moment for our democracy”, while some Republican senators have also raised doubts about his suitability for the role.

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Mr Johnson said he planned to urge House Ethics Committee chairman Michael Guest not to provide the report to the Senate Judiciary Committee.

“The rules of the House have always been that a former member is beyond the jurisdiction of the Ethics Committee,” said Mr Johnson, who returned on Friday morning from meeting Mr Trump at the president-elect’s Mar-a-Lago resort in Florida.

“I think it’s a terrible breach of protocol and tradition and the spirit of the rule,” he added. “I think that would be a terrible precedent to set.”

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Mr Johnson had said on Wednesday that as Speaker he could not be involved in deciding whether or not to release the report.

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Jake Paul v Mike Tyson: How to watch, undercard and event details

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Jake Paul v Mike Tyson: How to watch, undercard and event details

YouTuber-turned-boxer Jake Paul is taking on one of boxing’s greatest-ever fighters tonight in former undisputed world champion Mike Tyson.

The heavyweight bout is being labelled by some as Paul’s toughest test yet, despite the 30-year age gap between him and Tyson.

The fight was originally scheduled for 20 July, but was delayed after Tyson fell ill on a flight due to an ulcer flare up in May.

It’s going to be a co-main event alongside a highly-anticipated rematch between undisputed super lightweight champion Katie Taylor and unified featherweight champion Amanda Serrano.

Katie Taylor, Mike Tyson, Jake Paul and Amanda Serrano, from left, pose for photos during a news conference promoting their upcoming bouts. Pic: AP
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(Left to right) Katie Taylor, Mike Tyson, Jake Paul and Amanda Serrano. Pic: AP

Here’s everything you need to know about the hotly anticipated fight and how to watch.

Who are the fighters?

Jake Paul, 27, is an American YouTube star who made a name for himself on social media platform Vine. He made his professional boxing debut in 2020.

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His most high-profile fight so far was his clash with Tyson Fury’s brother Tommy Fury last year, which he lost by split decision.

“The Problem Child” has since defeated former UFC contender Nate Diaz, professional boxer Andre August, former Gold Gloves champion Ryan Bourland and most recently MMA fighter Mike Perry to earn himself a boxing record of 10-1.

“Iron Mike” Tyson, 58, retired from professional boxing in 2005 with a 50-6 record and as a former undisputed heavyweight champion.

The legendary fighter, who knocked out 44 opponents during his career, returned to the ring after 15 years in 2020 for a bout against fellow boxing icon Roy Jones, which ended in an unofficial draw.

Mike Tyson (black trunks) fights Roy Jones, Jr in 2020 bout. Pic: Joe Scarnici/USA TODAY Sports
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Mike Tyson (left) fights Roy Jones Jr in 2020 bout. Pic: Joe Scarnici/USA Today Sports via Reuters

Tyson’s fighting skills place him among the best heavyweight boxers of all time, but the age gap between him and Paul along with some potential ring rust are expected to level the playing field.

When is the fight and where will it be?

The bout is due to take place at the AT&T Stadium in Arlington, Texas, on Friday 15 November. The 80,000-seat capacity stadium is home of the Dallas Cowboys and is the biggest NFL stadium in the US.

The event is set to begin at 1am GMT on 16 November, with Taylor v Serrano scheduled for 3am GMT and Tyson v Paul at 4am GMT.

AT&T Stadium is shown in the fog before an NFL football game between the Green Bay Packers and Dallas Cowboys, Sunday, Jan. 15, 2017, in Arlington, Texas. (AP Photo/Tony Gutierrez)
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AT&T Stadium. Pic: AP

How can I watch it?

It will be aired on Netflix in what will be the first live fight ever on the streaming platform.

Jake Paul, who co-founded Most Valuable Promotions (MVP) in 2021, said his company signed with Netflix because it is “the biggest streaming platform in the world”.

Fellow MVP co-founder Nakisa Bidarian added: “Partnering with Netflix for this deal presents an unparalleled opportunity to bring Jake Paul v Mike Tyson to the world on an unprecedented scale.”

Do I need to pay for the fight?

Some good news for Netflix users; there is no additional cost for the streaming platform’s subscribers.

It’s not a pay-per-view event, but you won’t be able to watch it unless you have a Netflix account, which costs between £4.99 and £17.99 depending on what sort of plan you subscribe to.

Can I buy tickets?

Tickets are still available throughout the stadium via SeatGeek, with prices for regular seats ranging from $60 (£47.32) to about $7,400 (£5,914).

What are the rules?

The Texas Athletic Commission has sanctioned it as a professional fight which will count on the pair’s boxing records, but it has put some sanctions in place due to Tyson’s age.

There will be eight rounds lasting a maximum of two minutes rather than three, and both boxers will wear 14-ounce gloves, heavier than the usual 10-ounce.

What you need to know about Taylor v Serrano

Taylor and Serrano produced an epic when they became the first ever women fighters to headline at Madison Square Garden back in 2022, with the former edging a split decision that could have arguably fallen either way after 10 rounds.

Now over two years on from one of the greatest fights in the history of female boxing, undisputed super-lightweight world champion Taylor, 38, will put her belts on the line against unified featherweight champion Serrano, 36.

Katie Taylor, left, and Amanda Serrano pose for photos during a news conference in May. Pic: AP
Image:
Katie Taylor (left) and Amanda Serrano during a news conference in May. Pic: AP

The contest will mark a step in three weight classes from Serrano’s usual featherweight division as she seeks the biggest win of her glittering career.

Taylor will enter 23-1 having avenged her loss to Chantelle Cameron in May last year by winning November’s rematch via majority decision to become undisputed super-lightweight champion and a two-weight undisputed champion.

Serrano is meanwhile 46-2-1 having won all four of her fights since losing to Taylor, most recently beating Danila Ramos via unanimous decision after their 12-rounder in October.

Who is on the undercard?

There are five other fights on the bill besides the two co-main events – and two of them will see titles on the line. Here’s how it looks:

  • Mario Barrios v Abel Ramos – WBC welterweight title
  • Shadasia Green v Melinda Watpool – WBO super-middleweight title
  • Lucas Bahdi v Corey Marksman – lightweight
  • Bruce Carrington v Dana Coolwell – featherweight
  • Neeraj Goyat v Whindersson Nunes – middleweight

‘The fight of a lifetime’

Paul is not typically known for showing respect to his opponents. In the lead-up to his last fight against Tommy Fury, which he lost on points, Paul said Tyson Fury’s brother “boxes because he was told to do so by his dad”.

“He doesn’t have that real heart, that real fighter inside of him,” he added.

Few, however, would question Mike Tyson’s credentials, with Paul having adopted a more respectful approach to promoting the fight so far.

“My sights are set on becoming a world champion, and now I have a chance to prove myself against the greatest heavyweight champion ever – the baddest man on the planet and the most dangerous boxer of all time,” he said, adding: “This will be the fight of a lifetime.”

In a face-to-face posted on his YouTube channel on 10 November, Paul said winning would be “bittersweet” due to the respect he has for Tyson, but said it was “my time to shine”.

‘I plan to finish him’

Critics of the fight have said there is simply too big of an age gap between the two, with Tyson falling ill in May stoking talks over the fight being a mistake for the 58-year-old.

But the veteran has insisted he still has fuel left in the tank, claiming his body is “in better overall shape than it has been since the 1990s”.

“I’m very much looking forward to stepping into the ring with Jake Paul,” Tyson said – promising to “finish him” and his boxing career.

During the face-to-face, Tyson warned: “I’m not going to lose. I can’t even fathom losing.

“I think he thinks this is going to be a very easy night. It’s not going to be an easy night.”

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Low and inside: O’s will again alter LF dimensions

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Low and inside: O's will again alter LF dimensions

BALTIMORE — The Orioles are ready to adjust their wall in left field again.

The team moved the wall at Camden Yards back and made it significantly taller before the 2022 season. General manager Mike Elias said Friday the team “overcorrected” and will try to find a “happier medium” before the 2025 season.

The team sent out a rendering of changes showing the wall moved farther in — particularly in left-center field near the bullpens — and reduced in height.

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