According to the latest report by Henley & Partners on global private capital migration, the United Arab Emirates (UAE) may soon become the top destination in the world for wealthy individuals.
By the end of 2025, it is predicted that 9,800 millionaires will move to the UAE, marking the largest expected net inflow of HNWIs (high-net-worth individuals) worldwide.
This result underscores not only the UAE's growing image as a global center of attraction for private capital but also the state's systematic approach. Business openness, legal reforms, flexible visa policies, and a high standard of living are making the country increasingly attractive to investors and entrepreneurs.
These findings are supported by practical observations from major financial consultants, including the British company St. James's Place Middle East. The company's report emphasizes that capital outflows from the UK and the redistribution of wealth in Asian countries are driving sustained interest in the Emirates.
The Dubai International Financial Centre (DIFC) plays a pivotal role in this process. Currently, 120 family offices are registered there, managing assets worth $1.2 trillion. In just one year, the number of such offices increased by 33%, the number of funds by 51%, and the number of hedge funds by 50%. More than 10,000 investment funds worldwide are promoted through the 410 management companies in the DIFC.
Sunita Singh-Dalal, a partner at the law firm Hourani, says that the UAE's secular legal norms governing marriage, divorce, and inheritance have been revolutionary for wealthy families. These changes have become a "game changer" in the battle for global capital, providing investors with legal stability and asset protection.
Dr. Bhaskar Dasgupta, the economist and chairman of Apex Boards for the Middle East and India, highlights the unique combination of success factors: strategic location, deep financial resources, a legal system based on English common law, and world-class infrastructure.
Two key hubs of particular importance are the DIFC in Dubai and the ADGM in Abu Dhabi. They provide foreign investors with a reliable and understandable legal framework attractive to international capital.
Even the introduction of corporate tax in 2023 has not affected investor sentiment. In fact, there has been an increase in foreign direct investment. Thanks to projects in the fields of fintech, artificial intelligence, and blockchain, as well as 140 double taxation agreements, the UAE's financial system is undergoing rapid transformation.
It is not surprising that global giants are also showing growing interest in the region. BlackRock and Goldman Sachs are actively expanding their presence amid the country's rapidly developing economy.
While investors remain focused on Dubai and Abu Dhabi, Ras Al Khaimah is catching up fast. The Wynn Resort project, scheduled to open in 2027, will be the region's first legalized gaming resort and is already generating significant interest.
According to Knight Frank, 46% of wealthy individuals worldwide are considering this destination for real estate purchases. Among foreigners already living in the UAE, 80% are considering this destination. Ras Al Khaimah is increasing capital inflows through affordable business zones, growing tourism, and offering a high quality of life.
A key factor in its success is the “golden visa” program, which is constantly adapted to modern requirements. Over the past nine months, five new residency categories have been introduced, including yacht owners, medical professionals, and digital creators, all of which do not require a sponsor.
This transformation is also supported by the national initiative, Dubai Social Agenda 33, through which the government is allocating 208 billion AED to social cohesion, family values, and sustainable prosperity for future generations.
Against the backdrop of these reforms, a global migration of 165,000 millionaires is expected as early as next year. The UK alone is expected to lose 16,500 wealthy investors. Conversely, the UAE will experience a net increase of approximately 10,000 individuals, primarily from Beijing, Moscow, Mumbai, and London.