8 reasons the world’s richest are moving to UAE

From tax clarity to lifestyle and global access, what’s drawing the world’s wealthy

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3 MIN READ
Businesspeople having a meeting outdoors.
Businesspeople having a meeting outdoors.
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Dubai: Dubai and Abu Dhabi are attracting a growing number of high-net-worth individuals who are choosing to relocate with the intention of settling, investing, and managing their family wealth in the UAE on a long-term basis.

Families are not arriving for short-term residency or asset protection alone. Many are bringing business activity, establishing family offices and anchoring their lives around property, education and long-term planning. Wealth advisers say this reflects a shift in how global capital is positioning itself amid geopolitical uncertainty, regulatory change and uneven growth across traditional financial centres.

Here are eight reasons driving that movement.

1. Tax clarity

Kalpesh Khakhria, Group Chairman of Klay Group, said the UAE has emerged as “the strongest global destination for mobile wealth,” driven in part by tax changes and political uncertainty in the UK and Europe.

2. A safe base in an uncertain world

Security remains a core consideration. Families relocating from Europe, Africa and parts of Asia consistently cite personal safety, political stability and rule of law as decisive factors. The UAE’s reputation as a neutral, well-governed jurisdiction has strengthened its role as a long-term home rather than a temporary refuge.

3. Central access to global markets

Operating from Dubai or Abu Dhabi allows families to manage interests across the Middle East, Asia, Africa, and Europe within a single time zone. That access matters to entrepreneurs, fund managers, and family offices that are still actively deploying capital.

Daniel George, Head of Business for St. James’s Place in the Middle East, said that globally mobile families prioritise consistency and reach over reshaping their entire risk profile around one country.

4. Real estate that anchors long-term plans

Rohit Bachani, Co-Founder of Merlin Real Estate, said most relocating families now fall in the $3 million to $15 million net-worth bracket, with growing interest from those worth $20 million to $50 million. “They’re end users,” he said. “They are buying homes where their children will actually live.”

5. A mature and regulated wealth ecosystem

Banking, compliance and governance have evolved rapidly. What surprises many new arrivals is how institutionalised the UAE has become across wealth management, dispute resolution and regulatory oversight.

Vazgen Gevorkyan, an advisor to wealth management offices and foundations, said regulatory clarity has become more important than incentives. “Ambiguity and retroactive change are what wealthy families cannot work around,” he said.

6. Support for entrepreneurs

George noted that those still in growth mode are naturally more mobile, while ultra-high-net-worth families tend to relocate more gradually due to complex structures.

7. Clear frameworks for digital and alternative wealth

Crypto and digital-asset wealth have become a meaningful driver. Around 5 to 10% of serious relocation leads now have a Web3 or digital-asset background, according to property advisors. Regulatory frameworks such as Dubai’s VARA and Abu Dhabi’s ADGM have provided clarity that many other markets still lack.

These individuals are increasingly family office principals rather than speculative traders, seeking banking access, regulation, and a lifestyle in one place.

8. A shift to execution

The bigger change is philosophical. Wealth planning in traditional centres often revolves around minimising constraints. In the UAE, families structure around objectives instead.

Dr Jelena Jajusevic of Heriot-Watt University Dubai described the trend as part of a broader global reshuffle of wealth into hubs offering safety, infrastructure and mobility. Planning becomes about building, preserving and deploying capital across generations, not working around friction.

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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