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.

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Mega-Rich Plotting Return to London, Sotheby’s Housing Boss Says

Ultra-rich individuals leaving London due to tougher wealth taxes are keeping their homes with the view of returning once the policy environment changes.

Market commentary

The Roaring Twenties: Why London is in a ‘golden decade’ for super-prime property

Spear's 500 Live 2024: Sotheby's George Azar, along with Mayfair 'guru' Peter Wetherell and acclaimed developer Nick Candy, told Spear's 500 Live why the city's property market is big business for UHNWs