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Story summary
- Wealthy British residents are relocating from Dubai to Milan amid UAE tensions.
- Milan offers a flat-tax regime allowing foreign residents to pay €300,000 annually on overseas income.
- Property prices in Milan have risen 38% over five years, making it Italy's costliest city.
- The influx of international buyers reshapes Milan with new luxury developments and clubs.
- Experts question whether Milan can surpass Dubai's status as a global luxury destination.
