Latest news with #BetterHomes
Business Recorder
15-05-2025
- Business
- Business Recorder
Dubai marked as premier destination for global wealth migration
Currently home to over 81,000 millionaires, Dubai is emerging a 'strategic base for high-net-worth individuals seeking long-term security, capital preservation, and global mobility', according to a new report, 'Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth' by emirate-based property consultancy Better Homes. 'Dubai's real estate market is no longer driven by speculation, but by strategic, long-term capital,' Louis Harding, CEO of Betterhomes was quoted as saying in the report. 'We are seeing global wealth not just arrive, but anchor itself here, in branded residences, legacy properties, and high-quality developments built for permanence. As millionaire migration accelerates, the city's property sector will continue to evolve from a cyclical opportunity into a structural asset class. Dubai is not only a magnet for capital, it is becoming the benchmark for global residential investment.' Dubai is also set to more than double its centi-millionaire population by 2035, according to the recent 'World's Wealthiest Cities Report 2025', compiled by Henley & Partners and New World Wealth. The report added how the city witnessed a staggering 102% growth in millionaire residents over the past decade – placing it among the world's most dynamic and elite wealth hubs. Dubai's centi-millionaire population set to double by 2035 Dubai's prominence as a global wealth anchor This shift, according to Better Homes, reflects more than a property trend; it signals a structural recalibration of global wealth flows. 'As legacy cities like London, San Francisco, Hong Kong, and Paris grapple with rising taxes and growing instability, Dubai offers rare clarity: low tax, luxury lifestyle, and a robust infrastructure,' added the report. Dubai is fast standing out as a wealth stronghold due to policies are designed to attract, not restrict, enabling individuals to safeguard their wealth, plan their legacies, and influence global markets from a secure base. As of December 2024, the UAE was ranked as the 14th largest wealth market globally, with 130,500 dollar millionaires, reflecting a 98% surge over the past decade, added the report. Wealth origins The origins of this capital migration are as diverse as they are strategic. Those arriving from East Asia include Chinese entrepreneurs establishing offshore holdings in response to domestic policy shifts. Others are Vietnamese investors diversifying against rising political and economic uncertainty. From Turkey and Argentina come wealthy individuals seeking refuge from currency depreciation and systemic volatility. Even within established markets, such as the United Kingdom or the United States, Dubai is increasingly perceived as a pragmatic choice for capital preservation and growth. Rising taxation, inflationary measures are all driving this wealth migration. 'Dubai's real estate market is no longer driven by speculation, but by strategic, long-term capital,' added Harding. 'We are seeing global wealth not just arrive, but anchor itself here, in branded residences, legacy properties, and high-quality developments built for permanence.' Earlier this year, Dubai's luxury residential market achieved a new record for $10 million-plus home sales, according to recent data collated by Knight Frank, the global real estate consultancy. A recent report by Knight Frank's latest Destination Dubai report also singled out Dubai as a hub for international HNWIs interested in purchasing a home in the city with a net worth in excess of $15 million. Looking ahead As tariffs impact economies worldwide, latest forecasts highlight a stark contrast between the Euro Area and the UAE, underscoring the UAE's strategic positioning as a premier destination for investment and relocation. In sharp contrast to Europe, the UAE is expecting GDP growth at 4% in 2025, reaching 5% in 2026 and stabilising at 4.7% in 2027, all while maintaining consistent inflation at just 2% throughout. This combination of robust growth and inflation stability cements the UAE's position as a prime hub for wealth migration and economic expansion.
The Sun
14-05-2025
- Entertainment
- The Sun
Love Island's Andrew Le Page reveals tough decision four months after Tasha Ghouri split
ANDREW Le Page has told fans he's had to make a tough decision just four months after splitting from Tasha Ghouri. The Sun told in January how Andrew, 30, and Tasha, 26, had called time on their relationship after meeting on Love Island in 2022. 3 3 Following their time in the villa the former couple got matching rose tattoos - before Andrew got another inking in a sweet gesture to Tasha, who was born deaf. And during an Instagram Q&A with fans, Andrew revealed he's decided to have it removed following the break-up. He was asked: "Are you going to remove the rose tattoo on your hand?" Andrew replied: "No I love this one. "But unfortunately I will have to cover up the other one. It's a shame but life moves on. "It meant a lot but whoever I'm with next probably won't want to see it." The tattoo in question is a hand making the BSL sign for "I love you" holding a cochlear implant. Andrew has been making a lot of big decisions following the split and last week told fans he's quit the UK to move to Dubai. He shared a snap of him at the airport with several suitcases and added: "Dubai here I come. "New start back in the sand pit." Andrew previously worked as an estate agent in Guernsey and Dubai, at Better Homes, before his Love Island stint.
