A slew of Hollywood celebrities are making their way east snagging up luxury real estate and investment in Dubai, and there’s one man behind the massive real estate move.
We’re told that the inside scoop on the shopping influx in the Middle Eastern city is based in part on the city’s glamor and the possibility of being at the forefront of a real estate boom.
Several property prices in Dubai have reached as high as $100 million in recent years and our sources tell us so Markus Castley who is CEO of LuxuryProperty.com, was the go-to person around town when celebrities wanted to buy something.
Hollywood’s Elite Floodlight Housing Market in Dubai
Markus Castley
Hollywood stars such as Lindsay Lohan, David Beckham, Will Smith, Roger FedererAnd Huda Kattan have all booked luxury getaways in Dubai as the lifestyle is perfectly suited to any celebrity offering incredible safety and plenty of high fashion shopping.
Sources within Deals tell us that 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 would expect from a dream home in Dubai. Of course, Mark wasn’t available to comment on this due to the NDAs that accompany every purchase. But sources close to the situation have confirmed that more celebrities are still looking for homes in the city.
Markus Castley
So why rush to buy a property in Dubai?
Markus Castley
Well, one of the reasons could simply have to do with how much the government takes from the rich and famous.
Celebrities are apparently drawn to the tax-free life associated with the deal. That’s right, the tax structure is very different in this area — which means tons of savings.
Plus, there’s year-round sunshine and easy access with direct flights direct from Dubai to LAX and NYC with Emirates Airlines.
As we reported Lindsay Lohan has settled well in the area and is about to start a family! The actress announced on social media that she is expecting her first child with her husband. Bader Shamas. In recent years, Lindsay has made the Middle East her home and has traveled back and forth for work on the big screen.
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