According to a recent research by Betterhomes, a real estate company, Dubai is quickly rising to the top of the global list of destinations for affluent people. 6,700 millionaires relocated to the United Arab Emirates in 2024 alone.
High-net-worth individuals (HNWIs) are being pushed to relocate by changes in global economics and politics, and many are selecting Dubai, according to the report Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth. The city’s luxury real estate market is also changing as a result of this trend.
In 2025, an estimated 142,000 billionaires would move throughout the world, according to Betterhomes. Dubai could welcome over 7,100 new millionaires and roughly $7.1 billion (AED 26 billion) in money if only 5% of them decide to move there. In 2024, that would represent over half of Dubai’s total foreign direct investment.
Long-Term Financial Success Is Here to Stay
“Long-term investment is now driving Dubai’s property market,” Betterhomes CEO Louis Harding stated. “We’re seeing affluent people move to Dubai to live in branded homes and long-lasting, high-quality developments, in addition to investing.”
According to the survey, a number of factors, including immigration laws, political unpredictability, and increased taxation, are causing billionaires to relocate abroad. In contrast, Dubai offers a high standard of living, global connectivity, and a tax-friendly and safe environment.
Betterhomes notes that Dubai’s real estate market is changing into a more stable and long-term investment option, rather than being influenced by transient market fluctuations. As more wealthy people move to Dubai, it is anticipated that Dubai will solidify its position as the global leader in residential real estate.
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