Article 73BRF Dubai’s potent lure: the reality behind the real-estate frenzy

Dubai’s potent lure: the reality behind the real-estate frenzy

by
Phillip Inman
from World news | The Guardian on (#73BRF)

Bankers and billionaires are flocking to the city where income tax is zero but critics say it ignores money laundering - and pay disparities are huge

Aidan Doyle was an estate agent in Liverpool before he decamped to Dubai and turned a 30,000 annual income into 500,000 a year and climbing.

Acting as an agent for buyers and sellers, Doyle has seen his commission soar beyond anything he could hope to generate in the UK after just three years in the city, one of seven city-states in the United Arab Emirates.

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