Gimme (Tax) Shelter
Galleries need to be increasingly attuned to the delicate financial concerns of their clients. So, many are relocating to cities known for their attractive tax benefits. Dubai is one such hub, and serves as a low-tax haven for art lovers from both sides of the Gulf. With an eye on artists and collectors of newly un-sanctioned Iran, a new wave of galleries—from as close as Pakistan and as far away as the United States—is heading to the self-billed "arts destination" of Alserkal Avenue, located in the al-Quoz industrial zone.