UAE Set to Welcome Record 9,800 Millionaires in 2025 as Global Wealth Flows Shift
The United Arab Emirates is poised to top the global list of millionaire migration destinations in 2025, attracting a projected 9,800 high-net-worth individuals (HNWIs) seeking tax advantages, economic freedom, and lifestyle benefits.
This insight comes from the latest Wealth Migration Report 2025 by Henley & Partners and New World Wealth, which positions the UAE ahead of powerhouses like the US, Switzerland, and Singapore in terms of net millionaire inflows.
📈 UAE Emerges as the World’s Wealth Magnet
Thanks to its golden visa programs, zero income tax policies, and stable regulatory framework, the UAE has become a preferred safe haven for global wealth.
In terms of estimated inflowing wealth in 2025:
🇦🇪 UAE – $63 billion
🇺🇸 USA – $43.7 billion
🇮🇹 Italy – $20.7 billion
🇨🇭 Switzerland – $16.8 billion
🇸🇦 Saudi Arabia – $18.4 billion
🇸🇬 Singapore – $8.9 billion
🇬🇧 UK Sees Historic Wealth Exodus
For the first time in over a decade, a European country leads in millionaire outflows. The UK is experiencing a net loss of wealthy residents, driven by tax hikes, post-Brexit uncertainty, and restrictive reforms impacting inheritance and capital gains.
This trend, being dubbed “Wexit” (wealth exit), is a strong indicator of how shifting fiscal policies can influence global migration patterns among elite investors.
🌆 Dubai: The Epicenter of Wealth Migration
The UAE’s dominance is reflected most visibly in Dubai, which has seen its billionaire population double over the last decade. As of 2024:
81,200 millionaires
237 centimillionaires
20 billionaires
That’s a sharp rise from:
72,500 millionaires
212 centimillionaires
15 billionaires in 2023
This meteoric rise positions Dubai as one of the fastest-growing wealth hubs in the world.
🏝️ Where Are the Wealthy Moving To?
The world’s elite are not just eyeing Dubai. Other attractive destinations include:
🇮🇹 Milan, Italy
🇵🇹 Lisbon, Portugal
🇬🇷 Athenian Riviera, Greece
🇲🇹 St Julian’s, Malta
🇨🇭 Zug and Lugano, Switzerland
🇺🇸 Florida, USA
These regions offer a mix of lifestyle, legal benefits, and asset protection—yet the UAE consistently leads due to its unique combination of business incentives and modern infrastructure.
🌍 Countries with Fastest Millionaire Growth (2014–2024)
According to the report, the countries with the highest millionaire population growth include:
🇲🇪 Montenegro – 124%
🇲🇹 Malta – 87%
🇱🇻 Latvia – 70%
However, no country rivals the UAE in both volume and value of wealth being relocated.
🧠 What’s Fueling UAE’s Millionaire Boom?
Golden Visas with flexible entry requirements
Tax-free environment for income and capital gains
Secure legal structures for wealth protection
Investor-friendly real estate market
Global financial hubs in DIFC and ADGM
Strategic reforms promoting fintech, blockchain, and AI investments
✅ Conclusion: UAE Solidifies Itself as Global Wealth Destination
With nearly 10,000 millionaires set to relocate by the end of 2025, the UAE isn’t just attracting money—it’s creating a new era of global wealth planning.
Its infrastructure, regulatory ease, and luxury lifestyle make it more than just a tax haven—it’s becoming a global headquarters for generational wealth.
