UAE Becomes the New Hub & World’s Leading Destination for Global Millionaires!

An unimaginable surge has been witnessed by the UAE in global wealth migration that are carried out by the millionaires who are hailing from across the world. According to the stats shared by Henley & Partners, in 2024 the UAE encountered an influx of 6,700 millionaires which is recorded as the highest ever globally, more than the U.S. with 3,800 and Singapore with 3,500. And it is expected to reach the record of 7,100 arrivals of millionaires in UAE in the year 2025. This clearly ensures that Emirates has become the top choice for the world’s individuals with high net-worth.

What makes UAE the ‘Driving Force’?

Most importantly the investor-centric policies which includes the Golden Visa, 10 year residency for investors, entrepreneurs and the high profile professionals of other sectors. And established details that are available on the UAE government’s portal regarding the visa that includes family sponsorship, no requirement of local sponsor and the concession of complete business ownership has made this migration as one of the rarest opportunities catered by any nation in the world. 

This paved way for becoming the iconic destination for the global investors which has been proved with the data that are underpinned by the Henley Global Citizens of 2024, which states that Dubai alone becomes the home for the millionaires of around 130,500, 237 centi-millionaires and 20 billionaires. In which, Indians lead this migration with the percentage of 35% of UAE’s population (33,000 Indian Millionaires are reported to reside in the country as per 2024 stat).

The strong business appeal of UAE which has introduced 100% of foreign ownership under the 2020 Commercial Companies Law, led to the attraction of 1,117 FDI projects worth AED 52.3 billion with the greenfield FDI at $30.7 billion. Around 410 wealth firms have been hosted by the leading financial hub DIFC (Dubai International Financial Centre) and it is expected to manage $1.5 trillion by the year 2028. 

The thriving financial ecosystem, full business ownership, and the residency permits offer has transformed the UAE into the world’s most sought-after destination for the en number of millionaires across the globe despite their diverse origin. These attractions are not just wealth but a strong foundation for the future with strategic reforms, and world-class infrastructure that makes UAE a new home for the elite business individuals and marks their country as a symbol of global prosperity and progress.