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9,800 Millionaires Expected to Relocate to the UAE in 2025
The UAE is expected to attract a record 9,800 relocating millionaires this year, according to the Wealth Migration Report 2025.
UAE topped the list and was followed by the US, Italy, Switzerland, Saudi Arabia, Saudi Arabia, Portugal, Greece, Canada, and Australia.
The Gulf country made it to the top of the list because of the introduction of golden visas and a tax-friendly lifestyle.
Saudi Arabia is set to welcome 2, 400 millionaires because of a surge in returning nationals and international investors settling in Riyadh and Jeddah.
Globally, 142,000 millionaires are expected to relocate this year. China is expected to lose 7,800 millionaires. The UK is expected to lose 16,500 millionaires this year because of sweeping tax reforms, making it the largest net outflow of high-net-worth individuals (HNWIs) by any country in the past ten years.
Dubai and Abu Dhabi lead the list of the top five preferred global locations for high-net-worth individuals, according to a report by Savills in April.
In 2024, Dubai had 81,200 millionaires, 237 centimillionaires, and 20 billionaires, based on that report.
