Dubai is set to continue attracting a large number of millionaires in 2024 and 2025. According to the Wealth Migration Report 2024, the UAE is projected to receive around 6,700 high-net-worth individuals (HNWIs) by the end of 2024, making it the leading destination for migrating millionaires globally. This surge is driven by several factors, including Dubai’s zero-income tax, the Golden Visa system, and a high-quality lifestyle. Wealthy individuals, especially from Europe and the UK, are seeking stability and favorable investment opportunities in the UAE.
In 2024, a total of 128,000 millionaires are expected to relocate globally, with the UAE receiving the largest share. The country’s growing reputation as a wealth management hub and its strategic policies designed to attract HNWIs are key to this migration trend.
Source: https://gulfnews.com/business/markets/uae-remains-worlds-leading-millionaire-magnet-attracting-6700-wealthy-migrants-by-2024-end-1.103170123
