Why the world’s wealthiest could be tempted to Dubai post-coronavirus

Dubai could benefit from the financial fall-out of the coronavirus pandemic when countries get round to balancing their books, according to a leading real estate expert. George Azar, chairman and CEO of Dubai-based Luxhabitat Sotheby’s International Realty, told Arabian Business that the support packages implemented to aid economies through the crisis would likely result in increased taxes. He told Arabian Business: “I personally believe that, for over a year now, all these governments (in Europe) have been subsidising businesses and families to get by in life. Eventually somebody’s going to pay for this printing of money, which is going to be tax payers.

News & Insights

Insights

Why Sotheby’s International Realty?

George Azar explains why he chose Sotheby’s International Realty, what the business’s early mistakes taught him and how his finance background shaped its direction.

Insights

From Finance to Luxury Real Estate: The Career Change I Never Planned

George Azar reflects on how a career in private banking and asset management shaped his move into luxury real estate.