Episode 72: UK budget - what does it mean for Dubai?

After a tumultuous few weeks in the UK after the budget announcement, Steven and Luke welcome back seasoned investor Minesh who is selling up everything in the country and reinvesting in the UAE. The guys discuss what the new Labour government's budget means for local and overseas landlords, and which way they think the economic winds are now blowing. You'll need a cup of tea for this one. Your 2024 market reports by community 👇: https://bit.ly/4jtI0uL Your 2024 Off Plan market report 👇: https://bit.ly/4auv8QX Your Ultimate 2024 Dubai Real Estate Investment Guide👇: https://bit.ly/49pEMCH Commercial Real Estate Guide 2024 👇: https://bit.ly/49hJ8MA Follow us on social📱: Instagram:   / hausandhaus   Facebook:   / hausandhaus   LinkedIn:   / haus-&-haus   00:00 - Introduction 00:56 - Investing in the UK over the last decade vs. now 02:18 - Leaving the UK and the gradual shift to living and investing in Dubai 08:43 - Challenges landlords face in the UK 13:14 - Policy similarities and differences between both regions 15:24 - Housing shortage in the UK 16:56 - Property portfolio, returns and taxes in the UK 20:00 - The UK budget announcement and impact 25:50 - The contrast between the UK and the UAE and Dubai’s 2025 budget 29:19 - The property market going forward, inheritance tax and gifting for non-UK residents 32:10 - Window of opportunity for oversees property owners 34:21 - The domicile issue 37:00 - The next few budgets and moving out of UK 38:40 - Conclusion