Millionaire migration: UAE a magnet for world's richest

UAE TO DRAW 9,800 MILLIONAIRES IN 2025, MAKING IT MOST FAVOURED DESTINATION

- BY JUSTIN VARGHESE

The UAE is on track to become the world's top destination for high-net-worth individuals (HNWIs) in 2025, with an expected net inflow of 9,800 millionaires, according to the latest Henley & Partners Private Wealth Migration Report.

It's a number that places the UAE firmly ahead of global rivals and underlines the country's rising status as a premier destination for private wealth driven by lifestyle appeal, legal reforms, and business-friendly policies.

Shifting wealth

Wealth advisory conversations at St. James' Place Middle East, a UK FTSE-listed firm, mirror the report's findings. “The UAE's popularity is being fuelled by outbound movements from the UK, and shifting wealth preferences in Asia,” the firm noted.