"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."
"Dubai is becoming a significant threat to the US, Europe and the UK as a destination for bankers, hedge fund managers, lawyers, accountants and the people offering services that facilitate their globetrotting, including travel and estate agents. These days its lure is so potent, the city, nestled on the eastern side of the Arabian peninsula, has attracted both young entrepreneurs such as Doyle and more established figures."
Aidan Doyle moved from Liverpool to Dubai and increased his annual income from 30,000 to 500,000 by acting as an agent for buyers and sellers. Commissions in Dubai have exceeded what many agents can earn in the UK within a few years. Dubai is attracting bankers, hedge fund managers, lawyers, accountants and related service providers with advanced infrastructure, 5G telecommunications and state-of-the-art hospitals. Newcomers register businesses, acquire expansive live-work spaces and trade globally. Billionaires like Lakshmi Mittal relocated after the abolition of non-dom status, and Mukesh Ambani bought an opulent Palm Jumeirah beachfront property.
Read at www.theguardian.com
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