Dubai and Abu Dhabi have emerged as top destinations for the ultra-wealthy and global firms
We all know that both Abu Dhabi and Dubai rank remarkably well when it comes to cities that people love to live in.
Both cities receive regularly receive accolades in relation to their high living standards, their safety records and their competitive nature when it comes to their counterparts throughout the world.
So, it’s no surprise that more and more people look to the UAE when deciding where they see their future.
And that trend has been further endorsed by a recent announcement by global consultancy Savills who have confirmed that Dubai and Abu Dhabi are now enticing an increased number of ultra-wealthy personal.
Both cities continue to be top choices for high-net-worth individuals (HNWIs) and international companies seeking relocation due to their appealing tax structures, high quality of life, and strong economic prospects.
Dubai, in particular, has seen its millionaire population double over the past decade, now home to over 81,000 millionaires, 237 centimillionaires, and 20 billionaires.
This growth places it among the fastest-rising wealth hubs globally, trailing only Chinese cities Shenzhen and Hangzhou.
The UAE as a whole has attracted more migrating millionaires than any other country, outpacing traditional destinations like the US and UK.
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The trend is driven by favourable residency options, lifestyle benefits, and a stable political and economic environment.
Abu Dhabi also ranks highly for corporate relocations, placing among the top five global cities thanks to its business-friendly policies, growing FDI levels, and supportive tax environment
Both cities feature in the top 12 globally for individual and corporate relocation.
Beyond wealth, the country’s strong healthcare, education, safety, and connectivity continue to boost its appeal.
Dubai and Abu Dhabi also offer relatively affordable luxury real estate compared to cities like London and New York, despite recent price growth.
The UAE’s focus on tech and innovation is further enhancing its position as a magnet for talent, entrepreneurs, and investment.
With projected economic growth of 4.5 per cent in 2025, the country is set to maintain its momentum as a global hub for both people and businesses seeking new opportunities.
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