The Money Podcast London Is CRASHING: Why Dubai is Driving Prime Property Prices Down 40%!
Nov 23, 2025
A mass exodus of wealthy individuals from the UK to tax-free havens like Dubai is crashing London's housing market. Chelsea's prices are back to 2013 levels, while prime areas like Mayfair have dropped over 40%. The high taxes in the UK are driving millionaires away, prompting a sharp decline in overseas buyers. Dubai's attractive low-tax regime, safety, and lifestyle incentives are luring top earners. The discussion dives into why this shift matters for all taxpayers and offers strategies for reducing tax burdens through entrepreneurship.
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Wealth Flight Is Rewinding London Prices
- Rob Moore argues a mass exodus to the UAE is causing London prime property prices to rewind a decade.
- He cites large falls in Chelsea and Mayfair as evidence that overseas capital is leaving the city.
Prime Central London Has Sharp Declines
- Rob Moore gives specific price moves: Chelsea down 15.1% in 12 months and Mayfair down over 40%.
- He links past overseas buying (2009) to current capital outflows to explain the reversal.
Tax Differences Drive Migration
- Rob Moore contrasts UK and Dubai tax regimes to explain migration incentives.
- He lists near-zero taxes in Dubai as a powerful draw for global wealth.