UAE Dominates the 2024 Global Millionaire Migration List with 6,700 Millionaire

According to international analytics firm New World Wealth and investment migration advisors Henley & Partners, UAE is the most popular destination for high-net-worth people looking to create a new residence.

The number of extremely wealthy people who moved to the United Arab Emirates last year was much above the 6,700 that were first anticipated in October. In second place was the USA with 3,800 and third place Singapore with 3,500. Even the second place has half the number of UAE.

China experienced the most significant exits with 15,200 millionaires relocating. Nigeria also made the list of countries with the most outflow with 300 exits.

Why Global Wealth Migration to UAE?

GWE is a worldwide phenomenon. It’s the process where the high-net-worth individuals relocate themselves, their businesses and their families in the comfort of increased luxury, advanced lifestyles and for new opportunities. The United Arab Emirates has become a king for this modern luxury of people with money with the ability to offer all three.

It is undeniable when witnessing Dubai’s Kingdom. It has political stability, a dynamic economy and world class infrastructure. It is also in a geographically good location at the crossroads between Europe, Asia and Africa. 

Best and an important part for millionaires to move to the UAE is its generous tax policies. The highest quality of life also gives no surprise why individuals and businesses from all over the world are moving to this region and shaping Dubai as a leading destination for luxury real estate investment.

The UAE’s attraction to international citizens is further highlighted by recent policy announcements and developments. The Golden Visa program in the United Arab Emirates has been a game changer for the expatriate community by offering a stable and secure environment.

The UAE’s attraction and influence on the international scene will surely only increase as more wealthy investors and their families decide to call the country home.