The UAE is set to attract close to 10,000 millionaires in 2025, making it the leading destination for wealthy individuals for the fourth year running. The inflow is larger than that expected in the US, Singapore or Switzerland, according to global wealth migration trackers.
Several factors explain the trend. The UAE economy remains resilient, expanding beyond oil into real estate, finance and technology. The IMF expects GDP growth of around 4% this year, outpacing many advanced economies where growth is slowing.
Tax policy is another draw. The Emirates has no personal income tax, capital gains tax or inheritance tax. Combined with the Golden Visa scheme, which offers long-term residency and flexibility for investors and their families, the system has become one of the most favourable globally for high-net-worth individuals.
Lifestyle and connectivity also feature prominently in relocation decisions. The country offers political stability, personal safety, international schools, modern infrastructure and direct access to major global markets. These factors make it an attractive hub not only for wealth management but also for family planning.
The rise of family offices and new trust frameworks further underpins the UAE’s role as a base for global wealth. With regulatory structures maturing and investment options broadening, the country is positioning itself as a long-term home for the next generation of high-net-worth individuals.
