Millionaire Mobility: Why Investors Are Moving to Dubai

An Insight by Tavian The UAE continues to solidify its global status as a magnet for wealth and opportunity. According to the newly released Henley Private Wealth Migration Report 2025, 9,800 millionaires are expected to relocate to the UAE this year alone-nearly one every hour.

For the third consecutive year, the UAE leads the world in attracting high-net-worth individuals (HNWIs), with Dubai and Abu Dhabi emerging as preferred destinations. That translates to 817 new millionaires every month, or 27 each day, reinforcing the nation’s appeal as a safe, thriving, and globally connected wealth hub.

The UAE continues to solidify its global status as a magnet for wealth and opportunity. According to the newly released Henley Private Wealth Migration Report 2025, 9,800 millionaires are expected to relocate to the UAE this year alone-nearly one every hour.

For the third consecutive year, the UAE leads the world in attracting high-net-worth individuals (HNWIs), with Dubai and Abu Dhabi emerging as preferred destinations. That translates to 817 new millionaires every month, or 27 each day, reinforcing the nation’s appeal as a safe, thriving, and globally connected wealth hub.

$63 Billion in Private Wealth is on the Move

Driven by long-term residency schemes, investor-friendly regulations, and a zero personal income tax environment, the UAE is projected to receive $63 billion in private wealth in 2025 alone.

This shift is particularly visible among British millionaires, with 16,500 HNWIs expected to leave the UK this year due to sweeping tax reforms-making Britain the biggest net loser of millionaires globally.

Millionaire Brexit: From London to Dubai

The UK's recent abolition of the Non-Dom tax status, coupled with inheritance and capital gains tax increases, has triggered what some are calling a “Millionaire Brexit.” Prominent figures like Norwegian shipping billionaire John Fredriksen have publicly exited the UK, citing regulatory uncertainty and describing post-reform Britain as “hell.”

Meanwhile, Dubai offers the opposite:

• No personal income tax

• No capital gains tax

• No inheritance tax

• Long-term Golden Visas

• Fast-track business setup

• Access to top-tier healthcare, education, and infrastructure

Dubai: The New Capital of Global Wealth

Beyond individuals, family offices, hedge funds, and startups are also setting up shop in the UAE. Financial giants like BlueCrest Capital have already relocated their operations, with founder Michael Platt citing “unlimited opportunity” as a key driver behind the move.

Dubai isn’t just attracting wealth-it’s becoming a nucleus of financial innovation and global business leadership.