A slew of Hollywood celebrities are heading East, scooping up luxury properties and investments in Dubai, and there’s one man behind the big real estate move.
We’re told the inside scoop on the buying influx in Middle Eastern cities, partly based on the city’s glamor and the chance to be at the peak of the property boom.
In recent years, some property prices in Dubai have reached as high as $100 Million, and our sources tell us that Mark Castley who is the CEO of LuxuryProperty.com has become the main contact in the city when celebrities are looking to buy.
Hollywood Elite Flood Housing Market In Dubai
Mark Castley
Hollywood stars such as Lindsay Lohan, David Beckham, Will Smith, Roger Federer and Huda Kattan have all enjoyed luxury holidays in Dubai as the lifestyle is perfect for any celebrity offering exceptional security and plenty of high fashion shopping.
Sources inside the deal tell us, many high-profile buyers looking for a home in the city have worked with Mark and his team to find properties that offer everything you’d expect from a dream home in Dubai. Of course, Mark is unavailable to comment on this matter due to the NDA attached to every purchase. But, sources close to the situation have confirmed that more celebrities are in the city still looking at homes in the city.
Mark Castley
So why the rush to buy property in Dubai?
Mark Castley
Well, one of the reasons may simply be related to how much the Government takes from the rich and famous.
Celebrities seem to be attracted to the tax-free life attached to the deal. That’s right, the tax structure is very different in these areas — which equates to a lot of savings.
Plus, there’s year-round sunshine and easy access with direct flights to LAX and NYC from Dubai with Emirates Airlines.
As we reported, Lindsay Lohan has settled into the area quite well and is about to start a family! The actress announced on social media that she is expecting her first child with her husband, Bader Shammas. For the past few years, Lindsay has made the Middle East her home, commuting to work on the big screen.
Lindsay Lohan Is Pregnant With Her First Child!
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Source: thtrangdai.edu.vn/en/
