Dubai to Gain Over 7,000 Millionaires in 2025 – Why the Wealthy Are Moving
August 14, 2025
Introduction: A Magnet for Millionaires
Dubai is on track to attract more than 7,100 new millionaires in 2025, according to wealth migration reports. This makes it one of the fastest-growing wealth hubs in the world, with inflows driven by favourable tax policies, a premium lifestyle, and world-class infrastructure.
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But this isn’t just a trend—it’s a shift in how the global elite choose where to live, invest, and raise families.
Why Dubai?
Several factors make Dubai uniquely attractive for high-net-worth individuals (HNWIs):
- Zero income tax and capital gains tax
- Golden Visa programme offering 10-year residency
- Pro-business environment with minimal red tape
- English is widely spoken, and common law principles are applied in financial centres
- Excellent connectivity, education, and healthcare
- Dubai offers both a haven and a launchpad—safety, luxury, and opportunity underpinned by legal certainty.
Who Is Moving?
In 2025, Dubai is attracting:
- Entrepreneurs from Europe and South Asia
- Family offices from the UK, Russia and China
- Fintech, crypto, and AI professionals seeking regulatory clarity and innovation-friendly policy
- Retirees and global nomads looking for long-term stability and tax-neutrality
- This group isn’t just wealthy—they’re mobile, young, and digitally enabled.
The Role of the Golden Visa
Dubai’s Golden Visa allows investors, entrepreneurs, and professionals to secure long-term residency without the need for local sponsorship.
Recent updates to the programme have made it more accessible:
- Minimum investment thresholds have been reduced
- Residency can now extend to family members
- Options exist for property owners, business founders, and talented individuals
- This flexibility makes it ideal for UHNWIs planning for residency-based tax efficiency.
Impact on Dubai’s Economy and Society
The arrival of more than 7,000 millionaires in a single year is having noticeable effects:
- Rising demand for luxury real estate in areas like Palm Jumeirah, Emirates Hills, and Dubai Hills
- Booming demand for private education and bespoke health services
- Growth in wealth management, private banking, and family office services
- These inflows are also reshaping Dubai’s global image—from oil hub to wealth capital.
Conclusion: A Deliberate Strategy That’s Working
Dubai’s rise isn’t accidental. It reflects years of careful planning, legal reform, and international marketing.
As countries like the UK and Switzerland tighten tax rules and public sentiment turns against the ultra-rich, Dubai is doing the opposite—rolling out the welcome mat for global wealth.
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