Story perspectives

UAE to Welcome 9,800 Millionaires Amid Wealth Migration

8/9/2025

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Summary

Story summary

The UAE is set to attract 9,800 new millionaires in 2025, leading global wealth migration.
Key factors include zero personal income tax, long-term Golden Visas, and political stability.
An estimated $63 billion in private wealth will flow into the UAE, mainly into Dubai's real estate.
Traditional financial centers like the UK are losing millionaires due to unfavorable tax reforms.
Dubai is establishing itself as a global finance and innovation hub, boosting investor confidence.

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Story summary

The UAE is set to attract 9,800 new millionaires in 2025, leading global wealth migration.
Key factors include zero personal income tax, long-term Golden Visas, and political stability.
An estimated $63 billion in private wealth will flow into the UAE, mainly into Dubai's real estate.
Traditional financial centers like the UK are losing millionaires due to unfavorable tax reforms.
Dubai is establishing itself as a global finance and innovation hub, boosting investor confidence.