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Understand. I think Dubai offers a level of luxury due to abundant cheap labor, general safety and an abundance of of supercars, but not sure how it fares as an
by zerostar07 8y ago
Understand. I think Dubai offers a level of luxury due to abundant cheap labor, general safety and an abundance of of supercars, but not sure how it fares as an entrepreneurship center. Or how they are going to fare if other cities with similar "luxury" offerings catch up in asia. IIRC real estate prices are still falling in Dubai, but people keep on building new empty buildings, which sounds unsustainable and goes against the optimistic image painted in the article.
Dubai is also benefiting from the general tax and secrecy crack-down in all of EU and OECD countries like malta, cyprus ireland, switzerland, singapore (Dubai was until very recently non-cooperative jurisdiction) but it's not clear whether this will last forever. It will be interesting to see whether the UK will seek to lower taxes post-brexit.