breaks

European city set to become the ‘next mini Dubai’ with huge £6billion skyscraper resort & new tax breaks for expats

WITH ancient ruins like the Acropolis and the Temple of Zeus, Athens has long been considered one of the oldest cities in the world – but it’s about to get much more modern.

A new billion-pound seafront regeneration project with a towering skyscraper and luxury shopping has resulted in the city being dubbed the ‘new Dubai‘.

The Ellinikon project which includes the building of a 650 foot tower is underway Credit: theellinikon.com
The regeneration is taking place on the Athens Riviera Credit: theellinikon.com

Major changes are happening in Athens especially on the riviera where an enormous development is underway.

A regeneration project called The Ellinikon an estimated €8billion (£6billion) is set to completely transform the area to become its first ‘smart city’.

At its core is an enormous skyscraper called Riviera Tower – once transformed it will be the tallest building in Greece at over 650 feet high.

Inside will be around 170 luxury apartments including penthouses and each one will have panoramic views over the coastline.

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It will also have private infinity pools, spa and gym as well as shared wellness spaces and greenery and plant filled terraces around the building.

The skyscraper was formerly part of Ellinikon International Airport which served the city until 2001.

The Ellinikon will also have new additions including ‘Little Athens’, a new neighbourhood right next to the beach with apartments as well as small shops and cafés.

The Riviera Galleria will be a new complex for luxury shopping with 80 new shops covering 10,000 square metres.

At the galleria will also be upscale restaurants, artisan ice-cream parlours, beauty salons and organic markets.

The upscale and luxury aspect mirrors what visitors expect when heading to the seafront neighbourhoods of Dubai.

The ancient city of Athens is considered one of the oldest in the world Credit: Alamy
Collage of travel items including a plane, sunscreen, passport, suitcase, and plane tickets, advertising The Sun's travel Instagram account.

In order to entice expats into Greece, the country is also offering tax breaks – much like Dubai which is a playground for the wealthy.

Since its debt crisis in around 2009, Greece has made a ‘remarkable economic recovery’, according to the IMF.

Part of this is thanks to tax breaks aimed at families, young workers and expats.

Under new rules this year, investment professionals who relocate to Greece can pay five per cent on “carried interest” – this is a fraction of the rate in the UK. 

The project is being built on the site of the former Ellinikon International Airport Credit: Not known, clear with picture desk
There will be new luxury apartments, shopping gallerias and spas Credit: theellinikon.com

Talking to The Times, Henley & Partners, which organises residence and citizenship planning for the rich says interest in moving to Greece has surged.

It’s now the second-most popular destination after St Kitts & Nevis for relocation.

Mario Rafael, a managing director at the firm. said: “Greece is increasingly competing for the attention of the same internationally mobile families considering places such as Milan and Dubai.” 

If it does turn into a Dubai-alternative, for Brits it’ll be much easier to get to as the flight is around four hours less.

While it might not be the winter hotspot like the city in the UAE, Athens still has scorching summers too.



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‘Widow’s Bay’ breaks Emmys comedy record with 14 wins, including best series

Forget about its comparison to Martha’s Vineyard. “Widow’s Bay” can now call itself the next Emmy-winning comedy series.

At Monday’s Emmys ceremony, the first-year series beat out former winners “The Bear” and “Hacks”; returning nominees “Abbott Elementary,” “Nobody Wants This,” “Only Murders in the Building” and “Shrinking”; and fellow newcomer “Margo’s Got Money Troubles.”

The show took home a record-breaking 14 Emmys, the most ever for a comedy series. The wins include lead and supporting actor, supporting actress, directing and writing. The total overcame the milestone set by “The Studio” with its 13 wins last year.

Apple TV’s horror-comedy series about a fictional cursed island off the coast of New England and its mayor, played by Matthew Rhys, who is trying to save it from economic depression, became a word-of-mouth hit that’s inspired memes and fan cosplay. Creator and showrunner Katie Dippold began writing the series more than 10 years ago, inspired by her trips as a youth to the Jersey Shore and quaint New England seaside towns.

“This was such a great collaboration of the best wonderful weirdos and artists,” Dippold said while accepting the award. “We’d also like to thank the evil entity on the island that trusted us with its story.”

“That is exciting and terrifying,” she added backstage. “One thing I meant to thank in the speech, there’s so many people that spread the word early on, all the people online talking about it with reviews, people tweeting about it … we’re so grateful for that.”

“They were predominately our parents,” Rhys joked.

“And some burner accounts,” Dippold added.

The series was a late entry into the Emmy race, premiering at the end of April. Hiro Murai, who directed five of the series’ 10 episodes and is an executive producer, told The Times he thought of it as a “spooky summer show.” Murai won for directing for a comedy.

“The show takes place during the summer, and so much of what makes it scary is that it doesn’t look like it should be scary. It’s all sunlight,” he said. “The atmosphere is very summery.”

The series stars Rhys as overcompensating mayor Tom Loftis, with a supporting cast that includes veteran actors Stephen Root, Dale Dickey and Kate O’Flynn.

“Widow’s Bay” earned 19 nominations, including lead actor for Rhys and acting nominations for Root and O’Flynn. All three won in their categories.

Rhys, who also won for lead actor in a limited or anthology series for “The Beast in Me,” told The Times he hopes the hit series demonstrates to studios that it’s worth taking a risk and challenging its audience.

“Everyone’s more than ready for it and thirsty for it in a real way,” he said. “I really hope this does something in the Hollywood psyche, where they go, ‘Let’s put away the remakes and let’s just get after new challenging, original material.’ ”

The win gives Apple TV its second consecutive comedy series victory after “The Studio” won last year, and its fourth (“Ted Lasso” in 2021 and 2022) in the category in the last six years.

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