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What is Naia Island, Dubai paradise where billionaire Lakshmi Mittal is moving to?

Steel magnate Lakshmi Mittal is reportedly moving his primary residence from the UK due to several impending changes to UK tax laws that target high-net-worth individuals. Inheritance tax, the abolition of the 'non-dom' status, and an overall tougher tax environment are some key concerns for Mittal that prompted him to move into Naia, an ultra-luxurious Dubai's island.