8 REASONS WORLD'S RICHEST ARE MOVING TO DUBAI AND ABU DHABI

THE UAE IS ATTRACTING FAMILIES WHO WANT TO SETTLE, NOT JUST PARK ASSETS

- BY NIVETHA DAYANAND

Dubai and Abu Dhabi are attracting a growing number of high-net-worth individuals who are choosing to relocate with the intention of settling, investing, and managing their family wealth in the UAE on a long-term basis.

Families are not arriving for short-term residency or asset protection alone. Many are bringing business activity, establishing family offices and anchoring their lives around property, education and long-term planning. Wealth advisers say this reflects a shift in how global capital is positioning itself amid geopolitical uncertainty, regulatory change and uneven growth across traditional financial centres.

Here are eight reasons driving that movement.

Tax clarity

Wealth managers say the UAE’s appeal lies in clarity. Families can plan around known rules without fear of sudden retroactive changes, which have become a growing concern in parts of Europe.

Kalpesh Khakhria, Group Chairman of Klay Group, said the UAE has emerged as “the strongest global destination for mobile wealth,” driven in part by tax changes and political uncertainty in the UK and Europe.

A safe base in an uncertain world