Former footballer Rio Ferdinand has placed his £10.5 million UK mansion on the market following his relocation to Dubai, signaling a likely permanent move with his family.

Lifestyle and Financial Factors

Ferdinand moved to the UAE in August, citing a desire for a 'new journey' and expressing dissatisfaction with the UK’s tax system and public services. He has consistently praised his new life in Dubai, emphasizing the positive lifestyle for his children and a feeling of being valued.

Property Details

The property, a seven-bedroom residence in Orpington, Kent, spans 12,500 sq ft and is located within the exclusive Farnborough Park estate, featuring 20 acres of landscaped grounds. Ferdinand originally purchased the property in 2008 for approximately £2.7 million, potentially facing capital gains tax on the profit if he is deemed a non-UK resident.

Expanding Business Interests

Ferdinand’s move to Dubai is also motivated by growing business opportunities in the region. He recently invested in Koora Break, a rapidly expanding football app in the Middle East and North Africa, with plans to expand into Europe and Asia.

Investment in the Middle East

He highlighted the significant investment and growth occurring in media, football, and sport within the Middle East, describing it as 'crazy'. Ferdinand also has a partnership with Qatar Airways, appearing in their advertisements and collaborating on a youth empowerment initiative.

Concerns About the UK

In December, Ferdinand voiced concerns about the UK’s tax system on LBC Radio, questioning whether collected funds were effectively benefiting the public, particularly given issues within the health service and other public sectors. He suggested people might be more willing to pay taxes if public services were functioning optimally.

Life in Dubai

Currently residing in Dubai with his wife Kate and their children, Ferdinand lives in a £7 million luxury home in the Al Barari neighborhood. He has repeatedly expressed his contentment with the lifestyle, safety, and weather, referring to Dubai as 'home'.

His investment in Koora Break demonstrates a commitment to the region’s burgeoning sports and entertainment industry, aligning with the broader trend of investment ahead of the 2034 World Cup. Ferdinand’s decision to sell his UK property and expand his business ventures suggests a long-term commitment to his new life in Dubai.